ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPeter Boockvar, Bleakley Financial Group chief investment officer, joins ‘Fast Money’ to explain why he is skeptical of this market bounce.06:062 hours ago Source link
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The Supreme Court on Friday allowed members of the Trump administration’s Department of Government Efficiency to access Social Security Administration data.The conservative-majority court, with its three liberal justices objecting, granted an emergency application filed by the Trump administration asking the justices to lift an injunction issued by a federal judge in Maryland.The unsigned order said that members of the DOGE team assigned to the Social Security Administration should have “access to the agency records in question in order for those members to do their work.”The lawsuit challenging DOGE’s actions was filed by progressive group Democracy Forward on behalf of two unions — the American…
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to New Jersey, U.S., June 6, 2025. Nathan Howard | ReutersU.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world’s biggest economies.Asked by a reporter aboard Air Force One whether Xi had agreed to do so, Trump replied: “Yes, he did.”The Chinese embassy in Washington did not immediately respond to a request for comment.Trump’s comment came one day after a rare call with Xi aimed at resolving trade tensions that have been…
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynTesla’s vice president of Optimus robotics, Milan Kovac, said on Friday that he’s leaving the company.In a post on X, Kovac thanked Tesla CEO Elon Musk and reminisced about his tenure, which began in 2016.”I want to thank @elonmusk from the bottom of my heart for his trust and teachings over the decade we’ve worked together,” Kovac wrote. “Elon, you’ve taught me to discern signal from noise, hardcore resilience, and many fundamental principles of engineering. I am forever grateful.…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities.The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow even while consumers tighten their wallets and the economic outlook appears murky.Walmart, the largest private employer and retailer in the U.S., hosted thousands of hourly employees, store managers, investors and reporters this week at its Associates Week event in its hometown of Bentonville, Arkansas and nearby…
The ‘Fast Money’ traders talk where the U.S. stands on China deal ahead of Monday’s meeting. Source link
Stocks ended the week on an upswing, propped up by a better-than-expected jobs report and a rebound for Tesla , with the S & P 500 trading above 6,000 to sniff its all-time high. If the index can break though its closing record mark of 6,144.15 from February, it would be a remarkable turnaround given the tariff and economic slowdown concerns that weighed on the market in March and April — and are still hanging around. .SPX YTD mountain The S & P 500 has rallied back to near its record high. But the rebound might be running on borrowed…
June is a busy month for company events where executives try to sell investors and Wall Street analysts on the vision for the second half of the year and beyond. That creates opportunities for options traders, according to Goldman Sachs. John Marshall of Goldman’s derivatives research team said in a note to clients that buying call options ahead of corporate investor days and analyst days tends to be a winning strategy. “Our research shows that call buying around analyst days has been a systematically profitable option buying strategy over the past 25 years. Buying calls 5 days before the analyst…
United Airlines and Spotify.Eduardo Munoz | Reuters | Dilara Irem Sancar | Anadolu | Getty ImagesUnited Airlines passengers will be able to listen to curated Spotify playlists, audiobooks and video podcasts directly from their seatback screens, starting this week.This is a first for Spotify, which has never offered its video and audiobook features on an airplane platform, United said in a press release.”Spotify has a huge audience and people love their content. And now our customers can enjoy it all in a simple and easy way, at 35,000 feet,” said Richard Nunn, CEO of MileagePlus, in the press release. “Together, we’re…
