With Speaker of the House Mike Johnson (R-LA) by his side U.S. President Donald Trump speaks to the press following a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC, U.S. Tasos Katopodis | Getty Images News | Getty Images It’s one bad headline after another coming from the White House these days. Just as the tariff-related turmoil rocking markets subsided — and only temporarily, since the clock is still ticking on the pause on “reciprocal tariffs” — fears of ballooning U.S. debt are sparking another broad sell-off in markets. This time, investors are wary…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBryan Gildenberg, Retail Cities North America managing director, joins ‘Fast Money’ to talk the real versus perceived impact of tariffs and how consumers are reacting to the fear of rising prices. Source link
An employee counts inventory in a Walmart Supercenter on May 15, 2025 in Austin, Texas. Brandon Bell | Getty ImagesU.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify its operations, according to a memo seen by Reuters.The company’s plan will impact teams in its global technology operations, e-commerce fulfillment in U.S. stores and its advertising business Walmart Connect.”To accelerate our progress delivering the experiences that will define the future of retail, we must sharpen our focus,” the memo said.The company will also eliminate some roles and opening some new ones, according to the plan.Walmart is…
Emerging markets said to see the next bull run as the ‘sell U.S.’ narrative gains groundEmerging markets stocks are in the spotlight again as the “sell U.S.” narrative gains fresh momentum, following Moody’s recent downgrade of the U.S. credit rating.The Bank of America heralded emerging markets as “the next bull market” recently. “Weaker U.S. dollar, U.S. bond yield top, China economic recovery…nothing will work better than emerging market stocks,” Bank of America’s team, led by investment strategist Michael Hartnett, said in a note. Similarly, JPMorgan upgraded emerging market equities from neutral to overweight on Monday, citing thawing U.S.-China trade tensions and attractive…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGene Munster, Deepwater Asset Management, joins ‘Fast Money’ to talk Apple’s and Google’s recent stock performance and possible headwinds both tech giants are facing. Source link
Indianapolis Colts owner and CEO Jim Irsay speaks during a ceremony honoring former player Tarik Glenn during halftime of the game between the Washington Commanders and the Indianapolis Colts at Lucas Oil Stadium on October 30, 2022 in Indianapolis, Indiana.Dylan Buell | Getty Images Sport | Getty ImagesJim Irsay, the Indianapolis Colts’ owner who leveraged the popularity of Peyton Manning into a new stadium and a Super Bowl title, died Wednesday at age 65.Pete Ward, Irsay’s longtime right-hand man and the teams chief operating officer, made the announcement in a statement from the team. He said Irsay died peacefully in…
Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024.Bloomberg | Bloomberg | Getty ImagesEmerging markets stocks are in the spotlight again as the “sell U.S.” narrative gained fresh momentum, following Moody’s recent downgrade of the U.S. credit rating.The Bank of America heralded emerging markets as “the next bull market” recently. “Weaker U.S. dollar, U.S. bond yield top, China economic recovery…nothing will work better than emerging market stocks,” Bank of America’s team, led by investment strategist Michael Hartnett, said in a note. Similarly, JPMorgan upgraded emerging market equities from neutral to overweight on Monday, citing thawing…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as spiking bond yields pushed stocks into sell-off mode, and what’s on the radar for the next session. Apple OpenAI is buying Jony Ive’s artificial intelligence devices startup io for $6.4 billion. Ive is the designer behind several of Apple’s biggest products, including the iPhone. He went on to form his own design company. Apple fell 2.3 %on the news,…
CNBC’s Michael Ozanian talks the New York Knicks’ team valuation ahead of the NBA’s Eastern Conference Finals. Source link
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersPresident Donald Trump’s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate to pass with “significant bipartisan support,” and claimed it could unlock demand for U.S. Treasuries.”We already have over $200 billion in stablecoins — it’s just unregulated,” Sacks told CNBC’s “Closing Bell Overtime.” “If we provide the legal clarity and legal framework for this, I think we could…
