The first five months of 2025 have thrown some curveballs into European markets — led by a more extreme and volatile U.S. tariff policy than most had anticipated, with the European Union now seeking to stave off a threatened 50% base rate . Familiar themes have continued to play out with new dimensions. Inflation across Europe is lower, interest rates are falling in the euro zone and U.K. , and energy prices have cooled from the sky-high rates of recent years, though the tariff story has injected more uncertainty into the outlook . The Russia-Ukraine war rumbles on, amid dwindling…
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In a Wednesday interview with CNBC’s Jim Cramer, Nvidia CEO Jensen Huang explained why he thinks it’s necessary to export his company’s artificial intelligence technology to China, saying trade with the country is vital if the U.S. wants to be a global leader in AI.”That’s probably the most important strategic reason to be in China,” Huang said. “Because there are so many developers there and because the world is going to adopt technology from one country or another — and we prefer it to be the American technology stack.”Nvidia posted better-than-expected earnings and revenue Wednesday night, sending shares up in…
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Carlos Barria | Reuters U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the “TACO” theory, or “Trump Always Chickens Out.”The walk-backs on tariffs has largely been a positive for markets. Now, a federal court has struck down his “reciprocal” tariffs — the same that were put on hold by Trump — lifting U.S. futures.Markets in extended trading were already buoyed by…
The ‘Fast Money’ traders react to Nvidia Q1 results. Source link
This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images)Wang Yiliang | Xinhua News Agency | Getty ImagesSouth Korea’s central bank cut its policy interest rate by 25 basis points Thursday as the country faces a double-whammy of protracted political turmoil and Trump’s sweeping tariffs.The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line…
Hongdae street in Seoul city, South KoreaTwenty47studio | Moment | Getty ImagesAsia-Pacific markets mostly rose Thursday after a U.S. federal court ruled that President Donald Trump exceeded his authority with his “reciprocal” tariffs on more than 180 countries and territories in April.South Korea’s Kospi rose 0.78% and the small-cap Kosdaq climbed 0.44%. The Bank of Korea has cut its policy rate from 2.75% to 2.5%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.Japan’s benchmark Nikkei 225 rose 1.18% and the Topix climbed 0.79%.Australia’s S&P/ASX 200 rose 0.12%.Hong Kong’s Hang Seng index traded flat at the…
Salesforce on Wednesday reported better-than-expected quarterly results and provided guidance that, on its face, seemed strong. But the market response was muted, as investors discovered what was really driving the improved outlook. Revenue in its fiscal 2026 first quarter rose 8% year over year to $9.83 billion, topping expectations of $9.75 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended April 30 totaled $2.58, beating the consensus estimate by 4 cents, LSEG data showed. On a year-over-year basis, adjusted EPS was up 6%. Salesforce’s stock was volatile in extended trading Wednesday night, initially jumping about…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMichael Schumacher, Wells Fargo Securities head of macro strategy, joins ‘Fast Money’ to talk Fed minutes, inflation concerns, and more.04:504 hours ago Source link
U.S. Secretary of State Marco Rubio speaks to the members of press, following NATO foreign ministers’ informal meeting, in Antalya, Turkey May 15, 2025. Umit Bektas | ReutersU.S. Secretary of State Marco Rubio said on Wednesday the United States will start revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.President Donald Trump’s administration has sought to ramp up deportations and revoke student visas as part of wide-ranging efforts to fulfill its hardline immigration agenda.In a statement, Rubio said the department will also revise visa criteria to enhance scrutiny of all future visa applications from China…
Tesla CEO Elon Musk reacts while wearing a cap with the words “Gulf of America” as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersWith his official stint in government coming to an end, Elon Musk thanked President Donald Trump on Wednesday for “the opportunity to reduce wasteful spending.”Since joining the second Trump administration at the beginning of the term in January, Musk has led the Department of Government Efficiency, tasked with slashing the size of the federal government.As a so-called special government…
