Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South KoreaMongkol Chuewong | Moment | Getty ImagesAsia-Pacific markets traded mixed Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty could be weighing on the world’s largest economy.A report from payrolls processing firm ADP showed that payrolls rose only 37,000 for the month, less than the downwardly revised 60,000 in April and below the consensus forecast of 110,000 that economists polled by Dow Jones had forecast.South Korean markets…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMizuho’s Jared Holz joins the ‘Fast Money’ team to discuss the potential impact of expiring patents within the biotech and pharmaceuticals industries. Source link
U.S. Secretary of Commerce Howard Lutnick speaks during a Senate Appropriations Committee hearing in the Dirksen Senate Office Building on Capitol Hill on June 04, 2025 in Washington, DC. Andrew Harnik | Getty ImagesPresident Donald Trump’s administration is renegotiating some of former President Joe Biden’s grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed.Some of the Biden-era grants “just seemed overly generous, and we’ve been able to renegotiate them,” Lutnick told lawmakers on the Senate Appropriations Committee, adding the goal was to benefit American taxpayers.”All the deals are…
A U.S. Department of Education employee leaves the building with their belonging on March 20, 2025 in Washington, DC.Win McNamee | Getty ImagesThe Trump administration on Wednesday lost a bid to lift a federal judge’s order temporarily blocking the U.S. Education Department from laying off about half of its more than 4,000 employees.The administration had asked the 1st U.S. Circuit Court of Appeals in Boston to lift the preliminary injunction issued by a Massachusetts District Court judge that stayed the large “reduction in force” at the department announced by Education Secretary Linda McMahon in March.A three-judge panel on that appeals…
Shoppers carrying bags in the Soho neighborhood of New York, US, on Wednesday, March 26, 2025.Yuki Iwamura/Bloomberg via Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in May rose by a mere 37,000, almost three times lower than the Dow Jones forecast. And the Fed report noted that “economic activity has declined slightly since the previous report” released April 23.The ADP report, however, isn’t always aligned with the Labor Department’s jobs report, which will be released…
The ‘Fast Money’ traders discuss the latest Tesla full self-driving safety concerns and how the stock is trading. Source link
A delivery person for Doordash rides their bike in the rain in New York City.Carlo Allegri | ReutersDoorDash, Grubhub and Uber Eats have settled a lawsuit against New York City over a law capping how much they can charge restaurants for delivering meals.The proposed settlement anticipates changes to the law, and was described in a Wednesday filing in the federal court in Manhattan. DoorDash, Grubhub and Uber Eats agreed to dismiss their lawsuit with prejudice.Lawyers for the delivery services and New York City did not immediately respond to requests for comment.New York City capped delivery charges in May 2020 as a response to the COVID-19…
President Donald Trump on Wednesday ordered his administration to investigate former President Joe Biden’s use of an autopen to sign pardons and other documents, increasing the pressure on his predecessor as House Republicans also requested interviews with members of Biden’s inner circle.An autopen is a mechanical device that is used to replicate a person’s authentic signature, and presidents have used them for decades. However, Trump has frequently suggested that some of Biden’s actions are invalid because his aides were usurping presidential authority to cover up what Trump claims is Biden’s cognitive decline.”This conspiracy marks one of the most dangerous and…
A Harvard sign is seen at the Harvard University campus in Boston, Massachusetts, on May 27, 2025. Rick Friedman | Afp | Getty ImagesPresident Donald Trump is moving to block nearly all foreign students from entering the country to attend Harvard University, his latest attempt to choke the Ivy League school from an international pipeline that accounts for a quarter of the student body.In an executive order signed Wednesday, Trump declared that it would jeopardize national security to allow Harvard to continue hosting foreign students on its campus in Cambridge, Massachusetts.”I have determined that the entry of the class of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
