Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBEIJING — China missed several key targets from its 10-year plan to become self-sufficient in technology, while fostering unhealthy industrial competition which worsened global trade tensions, the European Chamber of Commerce in China said in a report this week.When Beijing released its “Made in China 2025” plan in 2015, it was met with significant international criticism for promoting Chinese…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKaterina Simonetti, Morgan Stanley Private Wealth Mgmt. Sr. VP and Private Wealth Advisor, joins ‘Fast Money’ to talk Pres, Trump’s recent comments toward Fed Chair Powell. Source link
John C. Williams, President and CEO of the Federal Reserve Bank of New York, speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesFederal Reserve Bank of New York President John Williams said Thursday he sees no imminent need for a change in central bank interest rate policy as Trump administration tariffs are likely to drive up inflation, weaken growth and push up unemployment.”I think monetary policy is well positioned,” Williams said in an interview with Edward Lawrence on television channel Fox Business. “I don’t see any need to change the setting of the fed funds rate anytime soon.”Williams, who also serves as vice chairman of the…
As President Donald Trump’s trade tariffs raise expectations of a U.S. recession , one venture capital chief says “bring it on.” The biggest risk for investors right now is uncertainty, according to Mitchell Green, founder and CEO of Leap Edge Capital, which has stakes in several U.S. and international blue-chip companies. But he said this uncertainty — and a potential market downturn — presents opportunities for investors like him. “We’ll buy old LPs [limited partners] out of funds, but we embrace a recession. We’re not afraid of a recession. It’s the best time to invest,” Green told CNBC’s Access Middle…
The ‘Fast Money’ traders weigh in on Nvidia. Source link
U.S. Senator Chris Van Hollen (D-MD) speaks to the media during a visit to El Salvador to advocate for the release of Kilmar Abrego Garcia in San Salvador, El Salvador, April 16, 2025.Jose Cabezas | ReutersSen. Chris Van Hollen confirmed Thursday night that he met with Kilmar Abrego Garcia, a man who the Trump administration said it mistakenly deported to El Salvador in March.”I said my main goal of this trip was to meet with Kilmar. Tonight I had that chance. I have called his wife, Jennifer, to pass along his message of love. I look forward to providing a full update…
View of the Skytree from Ueno and Asakusa in TokyoJackal Pan | Moment | Getty ImagesJapan markets traded flat with most markets in the region closed for Good Friday.Japan’s Nikkei 225 inched up 0.01% after the country’s inflation grew 3.6% year on year in March, marking three straight years that the headline inflation figure is above the Bank of Japan’s 2% target. The figure was lower than the 3.7% seen in February.The so called “core-core” inflation rate, which strips out prices of both fresh food and energy and is closely monitored by the BOJ, climbed to 2.9% from 2.6% in…
CNBC’s Angelica Peebles joins ‘Fast Money’ to talk the latest on oral GLP-1 trials. Source link
Tesla sign seen outside the Tesla showroom in downtown Chicago on April 15, 2025.Anadolu via Getty ImagesTesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk’s company from having to pay for repairs.The plaintiff Nyree Hinton alleged that Tesla odometer readings reflect energy consumption, driver behavior and “predictive algorithms” rather than actual mileage driven.He said the odometer on the 2020 Model Y he bought in December 2022 with 36,772 miles on the clock ran at least 15% fast, based on his other vehicles and driving…
Shipping containers are stacked on a cargo ship as they are offloaded at PortMiami on April 15, 2025 in Miami, Florida. Joe Raedle | Getty ImagesThe Trump administration on Thursday announced fees on Chinese-built vessels after a United States Trade Representative investigation by the Biden-Trump administrations found China’s acts, policies and practices were unreasonable and burden or restrict U.S. commerce.”Ships and shipping are vital to American economic security and the free flow of commerce,” said U.S. Trade Representative Jamieson Greer. “The Trump administration’s actions will begin to reverse Chinese dominance, address threats to the U.S. supply chain, and send a…
