Jackal Pan | Moment | Getty ImagesAsia-Pacific markets mostly rose after U.S. President Donald Trump announced steep tariffs on 14 trading partners, including Japan and South Korea.Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted on Truth Social.Other Asia-Pacific markets facing higher tariffs include Indonesia, which will be hit with a 32% excise duty, Bangladesh, which was slapped with a 35% duty, as well as Cambodia and Thailand, which are set for 36% tariff rates, the president’s letters indicated.Meanwhile, imports from Laos…
Author: usaeverydaylife
Almost 600 people have signed an open letter to leaders at venture firm Sequoia Capital after one of its partners, Shaun Maguire, posted what the group described as a “deliberate, inflammatory attack” against the Muslim Democratic mayoral candidate in New York City. Maguire, a vocal supporter of President Donald Trump, posted on X over the weekend that Zohran Mamdani, who won the Democratic primary last month, “comes from a culture that lies about everything” and is out to advance “his Islamist agenda.”The post had 5.3 million views as of Monday afternoon. Maguire, whose investments include Elon Musk’s SpaceX and X…
Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025.David Paul Morris | Bloomberg | Getty ImagesSouth Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second as the company struggles to capture demand from artificial intelligence chip leader Nvidia. The memory chip and smartphone maker said in its guidance that operating profit for the quarter ending June was projected to be around 4.6 trillion won, down from 10.44 trillion Korean won year over year.The figure is a deeper plunge compared to smart estimates from LSEG, which are…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. Overbought or an opportunity? The relative strength index is one of many metrics traders and investors use to determine whether a stock is oversold or overbought. The thinking is that a reading below 30 shows a stock is oversold, while a result exceeding 70 suggests the name is overbought. Despite Monday’s…
Jared Holz, Mizuho, joins ‘Closing Bell Overtime’ to discuss if the biotech sector is ready for a breakout. Source link
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…
