ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, cryptocurrencies slip alongside a pullback on Wall Street driven by trade concerns. Plus, Michael Saylor of Strategy reacts to the rise of corporations buying bitcoin. And, NBA star Tristan Thompson discusses the latest on his projects that blend crypto, web3 and AI.19:46Fri, May 30 20253:00 PM EDT Source link
Author: usaeverydaylife
People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty ImagesChina called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers.Tension between some top players in the world’s largest auto market has spilled into the open as competition intensifies, with price wars begun in early 2023 showing little sign of abating, despite…
No “sell in May and go away” this year. In fact, the stock market has powered higher this month despite new and confusing tariff headlines lurking around every corner. President Donald Trump ‘s latest trade drama emerged Friday morning when he accused China of violating the preliminary trade agreement reached with the United States on May 12. Around noon ET, Bloomberg reported the Trump Administration was planning to broaden restrictions on Chinese tech companies. Later in the afternoon, at an Oval Office event to thank Elon Musk for his government service, Trump said he would be open to talking to…
US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia’s Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Mohd Rasfan | Afp | Getty ImagesSINGAPORE — Pentagon chief Pete Hegseth on Saturday warned that the U.S. was prepared to “fight and win” against China if deterrence efforts failed, while urging Asian allies to strengthen military coordination and raise defense spending.Speaking at the annual defense summit Shangri-La Dialogue in Singapore, U.S. Defense Secretary Hegseth stressed…
The strong performance for stocks in May could be a sign that Wall Street has decided to shrug off President Donald Trump’s tariff plans, but there are some reasons to think the impact on trade will be harder to avoid in the months ahead. For one, global trade does not appear to have found a new equilibrium just yet. Container ship departures from China to the U.S. are trending lower again, and as of late May were down almost half from the same time a year ago, according to a chart shared by Apollo Global Management chief economist Torsten Slok.…
A worker works in a workshop of a textile products manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou City, Shandong Province, China, on May 10, 2025. Costfoto | Nurphoto | Getty ImagesChina’s manufacturing activity contracted for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States.The official purchasing managers’ index (PMI) rose to 49.5 in May from 49.0 in April, improving slightly but remaining below the 50-mark separating growth from contraction, and was in line with a median forecast of…
The ‘Fast Money’ traders recap May’s market action and what is ahead for Big Tech. Source link
A U.S. trade court has ruled on President Trump’s new round of import tariffs — covering thousands of products from nearly every country — calling them “unlawful.” For now, though, while the administration pursues an appeal, those tariffs remain in place.In the meantime, business owners say they’re left guessing how much they’ll pay to import goods with trade rules that can change seemingly overnight.”The uncertainty surrounding tariffs is tough for our business, because we need to know what things are going to cost us three, six and 12 months down the road,” says Michael Brey, owner of Hobby Works, a Maryland-based retail chain.Where the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyGene Munster, Deepwater Asset Management, joins ‘Fast Money’ to talk Germany proposing a 10% tax on revenue for digital services.05:113 hours ago Source link
Taylor Swift’s Eras Tour shattered records, spawned a blockbuster hit concert film and made the pop singer a billionaire. Now, she credits the nearly two-year tour with helping her “greatest dream come true”: becoming the owner of all of her music.Swift on Friday announced that she had purchased the master recordings of her first six albums, putting them under her control for the first time since they were sold to record executive Scooter Braun in 2019.The 35-year-old shared the news in a post on her website, thanking her fans for the financial support that helped her make the sale possible.”All…
