This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images)Wang Yiliang | Xinhua News Agency | Getty ImagesSouth Korea’s central bank cut its policy interest rate by 25 basis points Thursday as the country faces a double-whammy of protracted political turmoil and Trump’s sweeping tariffs.The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line…
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Hongdae street in Seoul city, South KoreaTwenty47studio | Moment | Getty ImagesAsia-Pacific markets mostly rose Thursday after a U.S. federal court ruled that President Donald Trump exceeded his authority with his “reciprocal” tariffs on more than 180 countries and territories in April.South Korea’s Kospi rose 0.78% and the small-cap Kosdaq climbed 0.44%. The Bank of Korea has cut its policy rate from 2.75% to 2.5%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.Japan’s benchmark Nikkei 225 rose 1.18% and the Topix climbed 0.79%.Australia’s S&P/ASX 200 rose 0.12%.Hong Kong’s Hang Seng index traded flat at the…
Salesforce on Wednesday reported better-than-expected quarterly results and provided guidance that, on its face, seemed strong. But the market response was muted, as investors discovered what was really driving the improved outlook. Revenue in its fiscal 2026 first quarter rose 8% year over year to $9.83 billion, topping expectations of $9.75 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended April 30 totaled $2.58, beating the consensus estimate by 4 cents, LSEG data showed. On a year-over-year basis, adjusted EPS was up 6%. Salesforce’s stock was volatile in extended trading Wednesday night, initially jumping about…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMichael Schumacher, Wells Fargo Securities head of macro strategy, joins ‘Fast Money’ to talk Fed minutes, inflation concerns, and more.04:504 hours ago Source link
U.S. Secretary of State Marco Rubio speaks to the members of press, following NATO foreign ministers’ informal meeting, in Antalya, Turkey May 15, 2025. Umit Bektas | ReutersU.S. Secretary of State Marco Rubio said on Wednesday the United States will start revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.President Donald Trump’s administration has sought to ramp up deportations and revoke student visas as part of wide-ranging efforts to fulfill its hardline immigration agenda.In a statement, Rubio said the department will also revise visa criteria to enhance scrutiny of all future visa applications from China…
Tesla CEO Elon Musk reacts while wearing a cap with the words “Gulf of America” as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersWith his official stint in government coming to an end, Elon Musk thanked President Donald Trump on Wednesday for “the opportunity to reduce wasteful spending.”Since joining the second Trump administration at the beginning of the term in January, Musk has led the Department of Government Efficiency, tasked with slashing the size of the federal government.As a so-called special government…
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 ImagesForget the factory lines for socks, sneakers and T-shirts. U.S. President Donald Trump wants to boost the domestic production of high-tech products, and not apparel or footwear, he told reporters Sunday.However, China is doubling down on its efforts to bolster advanced manufacturing, which could put both countries on a collision course.Just last week, Chinese President Xi Jinping reaffirmed his plans for manufacturing-led growth during a visit to the northern…
Nvidia shares jumped in extended trading Wednesday evening after the AI chipmaker reported better-than-expected quarterly revenue and earnings. It also provided an upbeat view of its current second quarter despite restrictions on what it can sell to China. Revenue in its fiscal 2026 first quarter increased 69% year over year to $44.06 billion, beating the $43.31 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share increased 57% year over year to 96 cents in the three-month period ended April 27, exceeding the consensus of 93 cents, LSEG data showed. Both EPS…
Stocks slid on Wednesday, with the Dow Industrials dropping about 245 points. Here’s what CNBC is watching heading into Thursday. Source link
Chris Rolland, Susquehanna, joins ‘Fast Money’ to talk Nvidia’s Q1 earnings. Source link
