The ‘Fast Money’ traders talk volatility in the market as tariff whiplash hits Washington. Source link
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Republican presidential nominee, former President Donald Trump offers his hand to Elon Musk back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty ImagesElon Musk is serving in the Trump administration as a “special government employee,” according to a White House official.It’s a designation that means Musk, the tech tycoon and fierce Trump ally whom President Donald Trump has launched on a cost-cutting mission across the federal government, is working neither as a volunteer nor a full-time employee. Special government employees are asked to abide by conflict of interest…
Canada secured a 30-day postponement in the application of U.S. tariffs on its exports on Monday afternoon just hours before they were scheduled to go into effect after a call between Prime Minister Justin Trudeau of Canada and President Donald J. Trump yielded a border deal that seemed to satisfy both leaders.Mr. Trudeau had earlier pledged to retaliate against U.S. tariffs by imposing tariffs against U.S. goods, too. In the end, he seemed to make modest concessions to Mr. Trump on the border policies, including thousands of “frontline’” personnel stationed at the border.“I just had a good call with President…
Carter Worth, Worth Charting, talks technical indicators in the S&P 500 and the U.S. Dollar. Source link
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect.Krzysztof Baranowski | Moment | Getty ImagesAsia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports.Japan’s benchmark Nikkei 225 was trading 1.64% higher, while the broader Topix index advanced 1.27%.South Korea’s Kospi rose 1.77% while the small-cap Kosdaq gained 2.8%.Hong Kong’s Hang Seng index started the day up 1.63%.Over in Australia, the S&P/ASX 200 was up 0.35%.Chinese markets remain…
China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the on-going cost of running powerful AI models and that the firm’s decision to release its technology for free has altered the course of the industry. CNBC Pro spoke to companies around the world on how DeepSeek’s new AI models are set to impact their operations and financials. Roadzen , a Nasdaq-listed company, is attempting to disrupt the…
Cars queue to cross into the U.S. from Canada, at the border between the two countries, in Surrey, British Columbia, Canada Feb. 3, 2025. Chris Helgren | ReutersThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.The tariffs are not happening immediately — at least for Mexico and Canada. In what appeared to be another successful deal negotiated by U.S. President Donald Trump, the two countries agreed to ramp up their border protection,…
Stocks closed lower on Monday, but they sharply cut their losses after President Donald Trump paused Mexico tariffs. Here’s what CNBC is watching Tuesday. Source link
Jens Nordvig, Exante Data Founder & CEO, joins ‘Fast Money’ to talk wild swings in the currency market of tariff news. Source link
US engineer and businessman Chris Wright arrives to testify before a US Senate Energy and Natural Resources Committee hearing on his nomination to be Secretary of Energy, on Capitol Hill in Washington, DC, on January 15, 2025. Ting Shen | Afp | Getty ImagesThe U.S. Senate on Monday confirmed Chris Wright, a fracking executive, to be President Donald Trump’s energy secretary.The vote was 59-38, with seven Democrats and one Independent, who caucuses with Democrats, crossing the aisle.Wright, 60, the CEO of Liberty Energy LBRT.N since 2011, has said he will step down from the company once confirmed. He wrote in a Liberty report last year he believes…
