The ‘Fast Money’ traders talk impact of rising Middle Eastern tension on markets. Source link
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Workers are facing a tough moment in the labor market.Employee confidence levels hit a low of 44.1% in May, according to a new report by Glassdoor, which measures the share of workers with a positive six-month business outlook. They cite reasons like economic uncertainty given potential tariffs and layoffs. Mentions of layoffs on the site surged 9%.May job cuts by U.S.-based employers were up 47% from the same month the year before, according to outplacement firm Challenger, Gray & Christmas. Employers cut 93,816 jobs in May 2025 versus 63,816 in May 2024. The U.S. also added 139,000 jobs in May, slightly…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyDavid Zervos, Jefferies Chief market strategist, joins ‘Fast Money’ to talk what’s ahead for the markets as geopolitical tensions rise.03:594 hours ago Source link
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street moved lower Friday afternoon as tensions in the Middle East escalate following Israel’s attack on Iranian nuclear infrastructure. Iranian state TV said that it has suspended nuclear weapons negotiations with the U.S. — the two sides had been set to talk on Sunday. Not long afterward, as headlines around Iranian missile attacks in Israel surfaced, losses in the stock market picked up steam. The Dow Jones Industrial Average…
Blythe Christopher attends a demonstration to protest Tesla robotaxis on June 12, 2025 in Austin, Texas.Todd WisemanWith Elon Musk looking to June 22 as his tentative start date for Tesla’s pilot robotaxi service in Austin, Texas, protesters are voicing their opposition.Public safety advocates and political protesters, upset with Musk’s work with the Trump administration, joined together in downtown Austin on Thursday to express their concerns about the robotaxi launch. Members of the Dawn Project, Tesla Takedown and Resist Austin say that Tesla’s partially automated driving systems have safety problems.Tesla sells its cars with a standard Autopilot package, or a premium…
A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom.Anadolu | Anadolu | Getty ImagesSwedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States.”AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States,” the pension fund said in a statement.”Despite several years of dialogue with Tesla, including shareholder proposals in collaboration with other investors, the company has not…
Denton Cinquegrana, OPIS chief oil analyst, joins ‘Fast Money’ to talk how much higher oil prices could go. Source link
US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty ImagesPresident Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel, after the companies signed a national security agreement with the U.S. government.U.S. Steel and Nippon said the national security agreement will give the U.S. government a “golden share” and makes certain commitments related to governance, domestic production, and…
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025.Daniel Cole | ReutersThe White House earlier this month directed the Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between President Donald Trump and billionaire Elon Musk, four people familiar with the order told Reuters.Sparking an ongoing review, the administration ordered the agencies to scrutinize Musk’s contracts to ready possible retaliation against the businessman and his companies, these people said. As Reuters reported on Thursday, Pentagon officials are simultaneously considering whether to reduce the role that SpaceX, Musk’s space and satellite…
A projectile hit buildings as Israeli Iron Dome air defense system fires to intercept missiles over Tel Aviv, Israel, Friday, June 13, 2025.Leo Correa | AP PhotoThe Iron Dome missile defense system, or “Kippat Barzel” in Hebrew, is widely regarded as one of the most important tools in Israel’s defensive arsenal.Designed to protect Israeli citizens from aerial attacks by launching guided missiles to intercept incoming rockets and other short-range threats, the mobile all-weather defense system has been fully operational since March 2011. Israel’s Defense Ministry says the system has been upgraded several times and “successfully prevented countless rockets from hitting Israeli…
