TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty ImagesJapan’s core inflation accelerated to 3.5% in April, government data showed on Friday, bolstered in part by surging rice prices, as the central bank considers pausing its rate hike posture to assess the impact of U.S. tariffs.The core inflation figure, which strips out prices for fresh food, was higher than expectations of 3.4%, according to economists polled by Reuters, marking the highest level since January 2023.Headline inflation climbed 3.6% from a year ago, steady from the prior…
Author: usaeverydaylife
The S&P 500 ended the day marginally lower, posting a third day of losses as high Treasury yields weighed on the market. Here’s what CNBC is watching Friday. Source link
Orphe Divounguy, Zillow senior economist, joins ‘Fast Money’ to talk the state of the housing market. Source link
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to mostly climb Friday as investors await a slew of economic data in the region.Japan’s benchmark Nikkei 225 is set to open higher with the futures contract in Osaka last trading at 37,150 and the contract in Chicago at 37,055 against the index’s last close of 36,985.87.Australia’s benchmark S&P/ASX 200 is also set to open higher, with futures standing at 8,388, higher than the index’s last close of 8,348.7.Futures for Hong Kong’s Hang Seng index stood at 23,492, lower…
Behind bulletproof glass, former US President and Republican presidential candidate Donald Trump arrives to speak during a campaign rally at Gastonia Municipal Airport in Gastonia, North Carolina, on November 2, 2024.Peter Zay | Afp | Getty ImagesBetween a barrage of executive orders, foreign trips and norm-shattering proclamations, Donald Trump has also been busy raking in cash.The president has amassed a war chest of at least $600 million in political donations heading into the midterm elections, according to three people familiar with the matter. It’s an unprecedented sum in modern politics, particularly for a lame-duck president who is barred by the…
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon shareholders rejected a proposal to adopt a policy that would require the company’s CEO and board chair roles to remain separate.Vote totals disclosed in a filing Thursday show about 82% of shareholders rejected the proposal. The independent proposal was submitted alongside seven others at Amazon’s annual meeting on Wednesday. Each of the independent proposals were rejected.Amazon split the roles of CEO and board chair when founder Jeff Bezos turned the helm over to Andy Jassy in 2021. As…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Williams-Sonoma CEO Laura Alber told CNBC’s Jim Cramer how the company is dealing with the effects of President Donald Trump’s tariff hikes.”We’ve been busy,” she said. “And we’ve also been reminded, you know, it’s important to have that flexible mindset, but also to have options in sourcing, and particularly with our big programs, to have…different alternatives.”The home goods and furniture outfit owns several retail brands alongside its namesake, including Pottery Barn and West Elm. It posted quarterly results on Thursday, managing to beat on earnings and revenue. However, Williams-Sonoma missed analysts’ gross margins estimates, and shares closed down 4.48%.On the…
Jaque Silva | Nurphoto | Getty ImagesDefense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday. L3Harris was recently tapped to help modify a luxury Boeing 747 jet from Qatar’s royal family that President Donald Trump wants to use as a new Air Force One, CNBC reported earlier this month. The settlement announcement came one day after the Pentagon formally accepted the airliner as a gift from the Qatari royal family.”L3Harris is pleased to have been able to amicably resolve the…
Jonathan Raa | Nurphoto | Getty ImagesNick Pinto is a marketing director at his family’s law firm in New Jersey. He’s also a crypto trader who spent enough money on Donald Trump’s meme coin to win a spot at a private black-tie dinner with the president scheduled for Thursday night.”I was kind of early in bitcoin and ethereum, so I’ve always been trading crypto,” the 25-year-old Pinto said, adding that he finished number 72 on the leaderboard for the token contest. “Once I saw the announcement that Trump was releasing a coin, I immediately started to purchase it.”Pinto said in…
