ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin hovers around the $104,000 level to start the first week of June. Plus, eToro US head Andrew McCormick sits down with CNBC’s Talia Kaplan at Bitcoin 2025 to discuss what’s next after the company’s recent U.S. IPO. And, SEC Commissioner Hester Peirce breaks down the agency’s latest pro-crypto moves.18:52Mon, Jun 2 20253:23 PM EDT Source link
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Here are the opening callsLondon was the No. 2 most-visited city in the world for 2023, according to Euromonitor International.Karl Hendon | Moment | Getty ImagesGood morning from London and welcome to CNBC’s live blog covering all the action in European financial markets, as well as business news, analysis, earnings and data.Futures data from IG on Tuesday morning suggests London’s FTSE will open 6 points higher at 8,787, Germany’s DAX 42 points higher at 23,984, France’s CAC 40 up 6 points at 7,741 and Italy’s FTSE MIB up 106 points at 40,073.The specter of U.S. tariffs has returned to the…
A woman travelling hands her travel documents to a TSA officer at Los Angeles International Airport on May 7, 2025. Frederic J. Brown | AFP | Getty ImagesA federal judge on Monday said the administration of President Donald Trump likely broke the law by stripping 50,000 transportation security officers of the ability to unionize and bargain over their working conditions.U.S. District Judge Marsha Pechman in Seattle, Washington, blocked the U.S. Department of Homeland Security from canceling a union contract covering TSA officers pending the outcome of a lawsuit by four unions challenging the move.The lawsuit claims the Trump administration ended…
In February, while luxury brand Moncler was still basking in the glow of a stellar 20% share price surge from January, fund manager Giles Parkinson made a contrarian move: he sold out. His decision, driven by subtle signals in tourist spending data, ultimately proved to be the right one. By the end of March, Moncler’s shares had plummeted over 14%, and its subsequent first-quarter results in April confirmed a growth slowdown. MONC-IT YTD line “We sold out of Montcler,” said Parkinson, head of equity at asset manager Trinity Bridge. “The reason, the proximate cause for that, in isolation, was a…
Bristol Myers Squibb on Monday made a splashy move to fortify its drug pipeline. However, the subdued stock reaction suggests Wall Street is looking for more show than tell. So are we. The news The drugmaker announced a licensing deal with Germany’s BioNTech to jointly develop and commercialize the latter’s experimental cancer therapy known as BNT327. The drug, which is still in clinical trials, belongs to an increasingly popular group of treatments called immuno-oncology. Often called IO for short, these treatments work by getting a patient’s own immune system to help fight the cancer. Merck ‘s Keytruda is the best-known…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Eisman, “The Real Eisman Playbook” podcast host, joins ‘Fast Money’ to talk avoiding risk in the markets, the bond market, gold, tariffs, and much more. Source link
CNBC’s Jim Cramer reviewed Monday’s market action, chalking up the day’s performance to expectations about the White House’s next move. He advised that investors prepare for turbulence, even as some on Wall Street continue to have optimism about President Donald Trump’s impact on big business.”We have to be ready for disappointment, because we’ve seen it over and over and over again,” he said. “This administration is perfectly willing to disappoint the stock market…to advance their agenda, and it’s foolish that you should believe otherwise.”According to Cramer, the past two sessions have been shaped by changing notions of trade relations between…
The Cleveland Cliffs Cleveland Works steel mill facility in Cleveland, Ohio, on Oct. 20, 2024.Dustin Franz | Bloomberg | Getty ImagesMajor steel stocks jumped Monday after President Donald Trump hiked tariffs tied to the metal.Shares of mining company Cleveland-Cliffs popped roughly 22% following the announcement, while Steel Dynamics jumped more than 13% and Nucor was up more than 12%. The VanEck Steel ETF (SLX) rose more than 3%.Trump said Friday at a Pennsylvania rally he would double tariffs on steel imports to 50% from 25%, a move that inflamed trade tensions again and drew criticism from global partners.”We are going…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Eisman, “The Real Eisman Playbook” podcast host, joins ‘Fast Money’ to talk avoiding risk in the markets, the bond market, gold, tariffs, and much more. Source link
JIMO, CHINA – MAY 21: Car bodies are assembled at a factory of FAW-Volkswagen Automotive Co., Ltd Qingdao Branch on May 21, 2025 in Jimo, Qingdao City, Shandong Province of China. Visual China Group | Getty ImagesChina’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey showed on Tuesday, as the decline in new export orders quickened, reinforcing calls for stronger stimulus to prop up growth in the tariff-hit economy.The Caixin/S&P Global manufacturing purchasing managers’ index came in at 48.3, missing Reuters’ median estimate of 50.6. It fell below 50, the mark that separates…
