The U.S. consumer could soon jump to the front of the line of Wall Street’s worries, with Amazon ‘s Prime Day sales and companies’ second-quarter corporate earnings season delivering plenty of data to sort through. The dominant e-commerce platform’s annual sale began on Tuesday. Bank of America analyst Justin Post estimated that this Prime Day could generate $21.4 billion in gross merchandise sales volume across all 26 countries that are participating. That is up about 60% year over year, according to Post, but the 2025 Prime Day event will last four days — twice as long as the 2024 version.…
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Wall Street may be taking the wrong lesson from the latest tariff updates. Stocks sold off Monday, with the Dow Jones Industrial Average falling more than 400 points after President Donald Trump announced steep new tariffs on goods from South Korea and Japan. Subsequent announcements brought that tally up to 14 countries. Trump also moved the “reciprocal” tariff deadline back to Aug. 1 from July. Still, the market response was relatively muted considering the impact sharply higher duties could have on inflation, consumer spending and corporate earnings, underscoring investors’ now deeply-held conviction that the worst of the tariffs are behind…
Air India Boeing 787 Dreamliner aircraft with registration letters VT-ANB flies over Tokyo, Japan, April 27, 2025 in this picture obtained from social media.Koki Takagi | Via ReutersA preliminary report into the crash of an Air India jetliner that killed 260 people in June is expected to be released by Friday, a step that could provide early details into the world’s worst aviation disaster in a decade, three sources said Tuesday.While the report from Indian investigators could be made public Friday, the sources with knowledge of the matter cautioned that plans could change and there was no clarity on how much information would be available in the document, which comes about 30 days after the June 12 tragedy.The sources spoke on condition of anonymity because…
Retail investors, once dismissed as speculators, are now outmaneuvering professional fund managers by adhering to a simple strategy: buy into companies you believe in for the long haul, according to Robinhood’s CEO. Institutional investors have spent the weeks since April 2’s so-called “Liberation Day” worrying over macroeconomic signals and taking “risk off across the board,” Vladimir Tenev told CNBC’s “Squawk Box Europe” Tuesday. The S & P 500 fell sharply in the aftermath of the tariff announcements as institutional investors fled to perceived safe havens. The index has now not only surpassed its pre-tariff high of 5670, however , but…
CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. Mike Segar | ReutersPARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired on Wednesday.The company sells servers which are packed with Nvidia chips and are key for training and implementing huge AI models. It has manufacturing facilities in the Netherlands, but could expand to other places. “But because the demand in Europe is growing very fast, so I already…
Shao Chun Chen moved from Singapore to Thailand in November 2024.Courtesy of Shao Chun ChenWhen Shao Chun Chen was laid off from his dream job at Google in early 2024, he was forced to take a break and rethink how he wanted his life to look like. Suddenly, he was no longer obligated to stay in his home country of Singapore, where he had built his entire career.”When the layoff happened, I was [reflecting], you know, feeling sorry for myself,” the 39-year-old told CNBC Make It. “Then I asked myself: ‘Hey, let’s flip it around. How can this be a…
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesIn the first batch of “tariff letters” sent to trading partners, U.S. President Donald Trump took aim at two of the closest U.S. allies in Asia: Japan and South Korea — both are already bearing the brunt of…
The ‘Fast Money’ traders talk a shift away from Big Banks playing out in the markets. Source link
Customers shop at a supermarket in Qingzhou City, East China’s Shandong Province, Aug 9, 2023.Costfoto | Nurphoto | Getty ImagesChina’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with tepid consumer demand.The consumer price index edged 0.1% higher in June from a year ago, according to data from the National Bureau of Statistics Wednesday, showing early signs of recovery after four consecutive months of declines.Economists had forecast a flat reading compared to the same period a year earlier,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHartsfield-Jackson Atlanta International Airport is, once again, the busiest airport in the world. But even it hasn’t fully returned to 2019 levels. Source link
