Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 was hanging on to slight gains in what would be a third straight winning session. Declining bond yields following Wednesday morning’s much weaker-than-expected private-sector jobs report helped support stocks. The ADP’s monthly look at hiring trends at U.S. companies showed May additions of just 37,000 positions . That was the lowest total from ADP in more than two years. Jim Cramer said earlier Wednesday that if the…
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The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange.Wise said in its full-year earnings statement that it will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London.”This would allow Wise’s shares to trade on both a US stock exchange and the LSE,” Wise said in its earnings announcement.Wise debuted on London’s stock…
British fintech Wise to move primary listing to the U.S. in blow to London stock exchangeThe Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing a fresh blow to the London stock exchange.Wise said in its full-year earnings statement that it will move to a dual listing, with its main listing hub shifting to the U.S. while maintaining a secondary listing in London.”This would allow Wise’s shares to trade on both a US…
Mayor of London Sadiq Khan speaks with moderator Tania Bryer during the “Opening Remarks – Welcome to SXSW London” panel discussion on the first day of SXSW London 2025 at The Truman Brewery on June 2, 2025.Jack Taylor | Getty Images Entertainment | Getty ImagesLondon Mayor Sadiq Khan made a pitch to World Wrestling Entertainment legend Paul “Triple H” Levesque to bring the wrestling promotion’s biggest event, Wrestlemania, to the U.K. capital.”I’d love for WrestleMania to come to London,” Khan told CNBC’s Tania Bryer. “Triple H if you’re watching, we want WrestleMania to come to London.”Speculation has been rife about…
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersAutomotive industry groups are increasingly worried about a rare earth shortage.Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to Europe’s auto supplier association CLEPA, with the group warning of more outages as inventories deplete.Germany’s car industry and auto executives have also sounded the alarm, saying the highly globalized sector is acutely vulnerable to further supply chain disruption.China’s Ministry of Commerce in early April imposed export restrictions on…
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at rival Shein were down 25%, according to data shared with CNBC by market intelligence firm Sensor Tower.DAUs is a measure of the number of people who visit or interact with a platform every 24 hours. Monthly active users (MAUs), a measure of user engagement over a…
CNBC’s Jim Cramer on Wednesday said graphics chips from artificial intelligence powerhouse Nvidia could give the U.S. leverage in the ongoing trade war with China.”If Trump’s wants to win this game, he may have to show his trump card, Nvidia. As I see it, the others just don’t make for a good hand,” he said. “You have to play with the cards you’ve been dealt, and for decades, our government did everything it could to encourage outsourcing to China. They left us with a pretty lousy darn hand, both Republicans and Democrats.”Trade tensions between the U.S. and China have been high…
South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025. Ahn Young-joon | Via ReutersSouth Korea’s new President Lee Jae-myung held his first cabinet meeting on Thursday, focused on devising an emergency package to address stagnating economic growth and aid households, moving swiftly to start tackling a top campaign pledge.Lee took office on Wednesday, just hours after riding a wave of anger over a brief martial law imposed by Yoon Suk Yeol to win the snap election. The attempt at military rule led to Yoon’s ouster and sent shockwaves…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailErik Hirsch, Hamilton Lane Co-CEO, joins ‘Fast Money’ to discuss what’s next for the markets amid tariff uncertainty.05:00Wed, Jun 4 20255:41 PM EDT Source link
People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company’s corporate headquarters in San Bruno, California, on April 23, 2025.Josh Edelson | AFP | Getty ImagesA judge in Los Angeles on Wednesday denied Walt Disney’s request for a preliminary injunction and a temporary restraining order aimed at preventing long-time executive Justin Connolly from joining Alphabet’s YouTube.Disney filed a lawsuit against YouTube in a state court in Los Angeles last month to stop the appointment, alleging breach of contract, unfair competition and interference with a contractual relationship.It sought a preliminary and permanent injunction to halt…
