Shanghai Bund skyline panoramaYangna | E+ | Getty ImagesAsia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week.U.S. Treasury Secretary Scott Bessent said on Monday that there are “countries that are negotiating in good faith.” However, he added that tariffs could still “spring back” to the levels announced on April 2 “if we can’t get across the line because they are being recalcitrant.”Japan’s Nikkei 225 benchmark fell 1.03% after hitting an over 11-month high in its previous session, while…
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Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle.”Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told CNBC’s Jim Cramer in an interview on Monday. “But there’s going to be other jobs.”Even as AI eliminates the need for some roles, Amazon will continue to hire more employees in AI, robotics and elsewhere, Jassy said.Earlier this month, Jassy admitted that he expects the company’s…
The S&P 500 posted a fresh record close on Monday, wrapping up a stunning second-quarter rebound. Here’s what’s on CNBC’s radar going into Tuesday. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
Traders work at the New York Stock Exchange on June 25, 2025.NYSEU.S. equity futures were little changed on Monday night after the S&P 500 notched another record to close out a stunning quarter.Futures tied to the Dow Jones Industrial Average slipped 15 points, or less than 0.1%. S&P 500 futures dropped 0.06%, while Nasdaq 100 futures lost 0.05%.In regular trading, the broad market S&P 500 advanced 0.52%, posting another record close, while the tech heavy Nasdaq Composite also rose to fresh all-time highs, gaining 0.47%. The blue-chip Dow climbed 275.50 points, or 0.63%.Monday’s moves came after Canada walked back its digital services…
With NATO members committing to a much higher defense spending target, certain companies are expected to see huge boosts to their bottom lines – particularly those headquartered in Europe. NATO announced at its annual summit last week that its members had agreed to drastically ramp up defense spending, with the majority of its 32 member states committing to spend 5% of gross domestic product on defense by 2035. Of that figure, at least 3.5% is set to be spent on “pure defense,” while the remainder can be spent on security and “critical infrastructure” that underpins defense capabilities. António Alvarenga, a…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump’s big spending bill.The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the…
WASHINGTON (AP) — Former Presidents Barack Obama and George W. Bush delivered rare open criticism of the Trump administration — and singer Bono held back tears as he recited a poem — in an emotional video farewell on Monday with staffers of the U.S. Agency for International Development.Obama called the Trump administration’s dismantling of USAID “a colossal mistake.”Monday was the last day as an independent agency for the six-decade-old humanitarian and development organization, created by President John F. Kennedy as a peaceful way of promoting U.S. national security by boosting goodwill and prosperity abroad.Secretary of State Marco Rubio has ordered USAID absorbed into the State Department…
Liz Whalen co-owns Rebel Rebel, a hair salon in Libertyville, Ill. that caters to LGTBQ+ clients.Courtesy: Lissete BriggsIn the face of the anti-diversity, equity and inclusion environment, LBGTQ+ small business owners have remained resilient — and are actually starting businesses in record numbers.Some 10% of entrepreneurs who started their own businesses last year identified as LGBTQ — a “milestone” and a 50% increase from 2023, according to a recent survey from small business software company Gusto. That brings the LGBTQ entrepreneurship representation in line with the general population, the company said.”For too long, LGBTQ entrepreneurs have faced barriers to capital,…
