Jared Holz, Mizuho, joins ‘Closing Bell Overtime’ to discuss if the biotech sector is ready for a breakout. Source link
Author: usaeverydaylife
CNBC’s Jim Cramer on Monday told investors that President Donald Trump’s new slate of tariffs might not have staying power, and he cautioned against doing any major selling.”We no longer believe that the tariff numbers the president’s throwing around are meaningful,” Cramer said, referring to his outlook for the CNBC Investing Club’s Chartable Trust. “They’re just a starting point for negotiations with countries that really need access to our markets.”Stocks sank during the day’s session as investors recoiled after Trump announced steep tariffs on at least 14 countries set to take effect on Aug. 1. The Dow Jones Industrial Average…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work at the New York Stock Exchange on July 2, 2025. NYSEU.S. stock futures fell overnight as investors tracked rapid-fire developments on the trade front, including new tariffs announced Monday on 14 countries.Dow Jones Industrial Average futures declined by 87 points, or 0.19%. S&P 500 futures and Nasdaq 100 futures dipped 0.16% and 0.15%, respectively.Those moves come after a losing session for the major averages. The 30-stock Dow tumbled more than 400 points, or 0.9%. The S&P 500 fell 0.8%, while the Nasdaq Composite slid 0.9%.Stocks slid after the latest trade updates out of the White House. On Monday,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyLorraine Hutchinson, Bank of America, joins ‘Fast Money’ to talk the impact of the Vietnam tariff announcement on retailers.06:167 minutes ago Source link
Republican presidential nominee former President Donald Trump speaks at a campaign rally in Asheville, N.C., Wednesday, Aug. 14, 2024.Matt Rourke | APThe Social Security Administration sent what experts say is a misleading email to consumers last week, describing President Donald Trump’s “one big beautiful bill” as “long-awaited tax relief to millions of older Americans.”In that email and a July 3 press release, the agency said the legislation will make it so “nearly 90%” of Social Security beneficiaries no longer pay federal income taxes on benefits. It attributed that to an additional $6,000 senior deduction and another unspecified provision.Tax experts say…
Trade headlines are again weighing on the stock market, as President Donald Trump’s latest tariff salvo helped fuel a sell-off on Monday . Trump sent letters to several countries on Monday, detailing new tariff rates set to go into effect on Aug. 1. Those rates appear to generally be closer to the levels revealed on the April 2 “liberation day,” which spooked the market, than the milder import duties investors were hoping for. The letters also came on the heels of Trump’s threat over the weekend to hike tariffs on BRICS members . Taken together, the latest announcements from the…
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.Patrick T. Fallon | AFP | Getty ImagesWaymo said it will begin testing in Philadelphia, with a limited fleet of vehicles and human safety drivers behind the wheel. “This city is a National Treasure,” Waymo wrote in a post on X on Monday. “It’s a city of love, where eagles fly with a gritty spirit and cheese that spreads and cheese that steaks. Our road trip continues to Philly next.”The Alphabet-owned company confirmed to CNBC that it will be…
FILE PHOTO: Russian Minister of Transport Roman Starovoit arrives at a meeting of President Vladimir Putin with Venezuelan President Nicolas Maduro at the Kremlin in Moscow, Russia, May 7, 2025. Maxim Shemetov | ReutersRussia’s sacked transport minister has been found dead in his car outside Moscow with a gunshot wound and the principal hypothesis is that he took his own life, state investigators said on Monday, hours after President Vladimir Putin fired him.A presidential decree published earlier on Monday gave no reason for the dismissal of Roman Starovoit after barely a year in the job, though political analysts were quick…
The road to market records isn’t a smooth one, and investors would do well to hold onto a few defensive names to protect their portfolios in shaky times, according to Wolfe Research The Trump administration’s announcement of steep tariffs against South Korea, Japan and five other nations rattled stocks on Monday, with the Dow Jones Industrial Average down more than 500 points and the S & P 500 off 1% at their respective lows of the session. The new duties are set to take effect on Aug. 1. Even as the broad market S & P 500 has seen a…
