China’s economy grew at a slower clip in the second quarter, slightly beating expectations as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn.China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Tuesday, slightly beating Reuters-polled economists’ estimates of a 5.1% growth, and decelerating from the 5.4% in the first quarter.In June, retail sales growth slowed to 4.8% from a year earlier, compared with the 6.4% year-on-year increase in May. That figure also disappointed Reuters-polled economists’ forecast of 5.4%.Within that key gauge…
Author: usaeverydaylife
US President Donald Trump meets with NATO Secretary General Mark Rutte (L) in the Oval Office of the White House in Washington, DC on July 14, 2025. Andrew Caballero-Reynolds | AFP | Getty Images Here’s a tariff we can get behind. At a White House meeting on Monday with NATO’s secretary general, Mark Rutte, U.S. President Donald Trump said he would introduce “tariffs at about 100%” on Russia’s trade partners if the Kremlin doesn’t reach a deal to end its invasion of Ukraine in 50 days.Notably, the punitive measures will be implemented as “secondary tariffs,” Trump said. Unlike Trump’s normal…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyEvan Brown, UBS Asset Management, joins ‘Fast Money’ to talk why he is still bullish on the markets despite more tariff threats.07:334 hours ago Source link
Grayscale Bitcoin Trust ETF signage on the floor of the New York Stock Exchange in New York, US, on Thursday, Jan. 11, 2024. Michael Nagle | Bloomberg | Getty ImagesCrypto-focused asset manager Grayscale said on Monday it has confidentially submitted paperwork with the Securities and Exchange Commission, signaling potential plans for a U.S. listing as bitcoin scales new highs.The move coincides with the start of the “crypto week” in Washington, where lawmakers are set to debate three major bills that could offer long-awaited clarity to the industry.Investor enthusiasm around the bills, which are expected to pave the way for digital assets to potentially be further integrated into traditional finance, has pushed bitcoin above $120,000 for the…
CNBC’s Pippa Stevens joins ‘Fast Money’ with news on a new addition to the S&P 500. Source link
Allen J. Schaben | Los Angeles Times | Getty ImagesThe Port of Los Angeles reported its best June ever for shipping container traffic, an increase in ocean freight that port executives described as a tariff whipsaw effect, with shippers racing to beat President Trump’s trade taxes, especially a mid-August deadline for tariffs on Chinese goods.A total of 892,340 twenty-foot equivalent units (TEUs) were processed at the Port of Los Angeles in June, containers that were filled with holiday season and consumer replenishment products. The increase in containers was not a surprise after President Trump lowered the 145% tariff on Chinese…
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via ReutersBlock jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee,…
Russell Pompeo, hiring manager at Topaz Labs, shared three takeaways from a job interview. Mtstock Studio | E+ | Getty ImagesWhen one recruiter received Silicon Valley’s notorious serial moonlighter Soham Parekh’s job application two years ago, he was immediately impressed.This was two years before the young Mumbai-based engineer was exposed for working remotely at several Silicon Valley startups simultaneously.”I was looking at his resume, and his resume was so good that even my CEO at the time pinged me and was, like, ‘Russ, this guy looks awesome. let’s talk to this guy,'” Russell Pompea, recruiting manager at AI video startup…
The major averages posted modest gains on Monday as traders hoped tariffs against the EU and Mexico could be negotiated lower. What’s on CNBC’s radar Tuesday. Source link
Gerard Cassidy, RBC, joins ‘Fast Money’ to talk what to expect from Big Bank earnings. Source link
