Artificial intelligence robot looking at futuristic digital data display.Yuichiro Chino | Moment | Getty ImagesBusinesses are turning to artificial intelligence tools to help them navigate real-world turbulence in global trade.Several tech firms told CNBC say they’re deploying the nascent technology to visualize businesses’ global supply chains — from the materials that are used to form products, to where those goods are being shipped from — and understand how they’re affected by U.S. President Donald Trump’s reciprocal tariffs.Last week, Salesforce said it had developed a new import specialist AI agent that can “instantly process changes for all 20,000 product categories in…
Author: usaeverydaylife
After a wild week for Treasury yields, Bank of America’s Michael Hartnett is making a big contrarian call, telling clients to bet on battered long-duration U.S. government debt. In a trade he calls “Buy Humiliation, sell Hubris,” the firm’s chief investment strategist thinks the 30-year bond, yielding over 5% around levels not seen since late 2023 and the dot-com bust before that, is a “cyclical buy opportunity.” Writing in his weekly report on where investor cash is moving, Hartnett noted that long bonds are in the “same humiliating place that stock returns were in Feb’09 (-3.4%, then worst rolling return…
The ‘Fast Money’ traders talk Apple’s 8-day losing streak. Source link
Artistgndphotography | E+ | Getty ImagesIf you own mutual funds, year-end payouts can trigger a surprise tax bill — even when you haven’t sold the underlying investment. But some lawmakers want to change that.Sen. John Cornyn, R-Texas, this week introduced a bill, known as the Generate Retirement Ownership Through Long-Term Holding, or GROWTH, Act. If enacted, the bill would defer reinvested mutual fund capital gains taxes until investors sell their shares.Bipartisan House lawmakers introduced a similar bill in March.Why mutual funds incur capital gains taxWhen you own mutual funds in a pre-tax 401(k) or individual retirement account, growth is tax-deferred.…
Dan Ives, Wedbush, joins ‘Fast Money’ to talk President Trump’s tariff threat toward Apple. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin falls after President Donald Trump said he is “recommending a straight 50% Tariff on the European Union” amid stalled trade negotiations. Plus, the president hosted a dinner for top holders of his meme coin as some Democrats raised ethics concerns. And, Kevin Lehtiniitty of Borderless.xyz reacts to the Senate advancing the GENIUS Act stablecoin regulation bill this week.11:36Fri, May 23 20253:00 PM EDT Source link
‘Fast Money’ traders talk the latest on the U.S. Steel-Nippon deal. Source link
Apple’s laundry list of problems got even longer Friday morning, and Jim Cramer warned it could play right into the hands of an overseas competitor. By the afternoon, the story changed. Early Friday morning, Trump ramped up his pressure on Apple, which has been considering moving more iPhone production to India to lessen its reliance on China, given the long-simmering trade tensions between Washington and Beijing. “I have long ago informed Tim Cook of Apple that I expect their [iPhones] that will be sold in the United States of America will be manufactured and built in the United States, not…
Mizuho’s Jared Holz joins ‘Fast Money’ to talk what is next for Novo Nordisk as the stock struggles. Source link
The latest tariff escalation from President Donald Trump rattled Wall Street on Friday, but the relatively muted decline for stocks might be a sign that the market is somewhat stuck until there is greater official clarity. Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute, said in a note that Friday’s comments by the president showed that tariffs “remain material risks” to the market, but not enough to justify bailing out of stocks. “The uncertainty is likely to promote range trading, and we favor neither chasing rallies nor selling on weakness,” Christopher wrote. Plenty of traders seemed…
