The ‘Fast Money’ traders talk where the U.S. stands on China deal ahead of Monday’s meeting. Source link
Author: usaeverydaylife
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…
Maryland resident Kilmar Abrego Garcia was returned to the United States to face criminal charges involving an alleged undocumented immigrant smuggling ring Friday, months after he was mistakenly deported to a prison in his native El Salvador.Abrego Garcia has been indicted in federal court in Tennessee on a charge related to transporting undocumented migrants within the United States.A lawyer for the married father of three called the charges “an abuse of power” and accused the Trump administration of “playing games’ with a federal judge who months ago ordered him returned to the U.S.The indictment alleges that Abrego Garcia and others…
From time to time, the designation “so good that it’s bad” is applicable to a stock, currency, commodity or index trading in an increasingly steep and uncorrected uptrend and far above long-term moving averages. Such is the case for GE Aerospace , by our work. From the April 4 tariff lows in the market to present, GE has roughly doubled the performance of its sector (industrials) and has tripled the performance of the S & P 500. At this point, we are sellers of GE. A simple judgment based on the simple table above and the simple chart below. An…
Amazon’s experiment with delivery robots might have a science-fiction feel, but the potential cost savings for the e-commerce giant would be anything but fantasy. Morgan Stanley estimated the e-commerce and cloud giant is now investing to automate roughly $200 billion in logistics costs — a sum equal to 35% of its online retail revenue — which includes using AI-powered humanoid robots to make deliveries. The new robots, according to a report in The Information , would go directly to customers’ doors from Rivian electric vans, reducing delivery times and labor costs for the billions of packages Amazon ships annually. The company is…
With interest rates still elevated, investors continue to find juicy yields in collateralized loan obligations. Some $4.7 trillion has flowed into CLO and bank loan exchange-traded funds since the start of the year, following 2024’s record $25.6 billion in inflows , according to State Street. While investors fled the funds, along with many others, in April, the ETFs have bounced back. In May, $2 trillion in new money moved into bank loan and CLO ETFs, the ninth best month ever, State Street analyst Matthew Bartolini said in a May 31 note. CLOs are securitized pools of floating-rate loans to businesses…
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, Li Chenggang, China’s International Trade Representative and Vice Minister of Commerce and Chinese Vice Premier He Lifeng, prepare to discuss during a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. Keystone/eda/martial Trezzini | Via ReutersTreasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in London on Monday for renewed trade talks, President Donald Trump said.Bessent, who has been leading the administration’s efforts to craft a deal with Beijing, will be joined by Commerce Secretary Howard Lutnick…
A Tesla vehicle is parked on West Executive Avenue near the White House and the Eisenhower Executive Office building in Washington, D.C., U.S., June 5, 2025.Jeff Mason | ReutersPresident Donald Trump is the latest Tesla owner to think about getting rid of his car after souring on Elon Musk.Trump is considering selling, or even giving away, the red Model S Tesla he bought in March, a senior White House official told NBC News, a day after the president’s alliance with Musk dramatically ruptured.Trump purchased the electric vehicle to show support for Tesla, whose CEO, Musk, had come under fire from…
