The ‘Fast Money’ traders talk pain in the housing trade. Source link
Author: usaeverydaylife
Staff of the Federal Emergency Management Agency were left baffled on Monday after the head of the U.S. disaster agency said during a briefing that he had not been aware the country has a hurricane season, according to four sources familiar with the situation.The U.S. hurricane season officially began on Sunday and lasts through November. The National Oceanic and Atmospheric Administration forecast last week that this year’s season is expected to bring as many as 10 hurricanes.The remark was made by David Richardson, who has led FEMA since early May. It was not clear to staff whether he meant it literally, as…
Elon Musk laughs during a press event with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025.Allison Robbert | AFP | Getty Images In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while his electric vehicle manufacturer Tesla in May enjoyed a 213% year-on-year jump in sales in Norway.Of course, the causal link between those events and Musk’s departure from DOGE is tenuous. The funding process…
The ‘Fast Money’ traders talk struggles in the bond market. Source link
The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. Win Mcnamee | Getty Images News | Getty ImagesThe U.S. Department of Education is pausing its plan to garnish people’s Social Security benefits if they have defaulted on their student loans, a spokesperson for the agency tells CNBC.”The Trump Administration is committed to protecting Social Security recipients who oftentimes rely on a fixed income,” said Ellen Keast, an Education Department spokesperson.The development is an abrupt change in policy by the…
Investor Steve Eisman of “The Big Short” fame thinks it’s dangerous to chase upside right now. “I have one concern, and that’s tariffs. That’s it,” the former Neuberger Berman senior portfolio manager told CNBC’s ” Fast Money ” on Monday. “The market has gotten pretty complacent about it.” Now podcast host of “The Real Eisman Playbook,” Eisman contends Wall Street is underestimating the complexity of ongoing U.S. trade negotiations with China and Europe. “I just don’t know how to handicap this because there’s just too many balls in the air,” said Eisman, who warns a full-blown trade war isn’t off…
Aaron Foster | The Image Bank | Getty ImagesAsia-Pacific markets were set to mostly rise Tuesday following gains on all three Wall Street benchmarks overnight, despite mounting global trade frictions.China pushed back against the U.S.’ accusations that it had violated a temporary trade agreement. Instead, the Asian powerhouse blamed Washington for failing to uphold the deal — a sign that negotiations between the world’s two largest economies are deteriorating.Menawhile, the European Union criticized U.S. President Donald Trump’s intention to double steel tariffs to 50%, saying that such a move “undermines” its own negotiations with the U.S. An EU spokesperson said that…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
This year has already packed a lot of action into stocks: an aggressively bullish start, a swift correction, and a full recovery from those April losses. But based on the the flows into the U.S. exchange-traded funds, where much of the daily trading action occurs across asset classes, the message coming through most clearly from investors is lingering skepticism about the strength of the U.S. equities market.May was a great month for stocks, with the S&P 500 Index up over 6%, the Nasdaq Composite up over 9%, and the Dow Jones Industrial Average up roughly 4%. But making up for April’s losses hasn’t removed…
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesMedia company Walt Disney is laying off several hundred employees in film, television and corporate finance, a Reuters source familiar with the matter said on Monday.The layoffs affect multiple teams around the world, including film and TV marketing, TV publicity and casting and development, the source said.Disney and other companies are reshaping their business strategies in response to the migration of cable TV audiences to streaming…
