CNBC’s Eamon Javers joins ‘Fast Money’ with breaking news on the federal funding freeze. Source link
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President Donald Trump’s newly appointed head of the Federal Maritime Commission Louis Sola says that Panama has been inching closer to China and American businesses prevented from fairly bidding for business.In his first interview since being appointed by Trump to the administration’s top maritime role, the FMC chairman told CNBC that the U.S. government wants every business worldwide to compete on a level playing field for Panama Canal and Panama ports business, including China, but the FMC is concerned that is not happening. The FMC has received complaints that some Chinese companies are getting reimbursed for canal transits, while American…
U.S. President Donald Trump speaks on the day he signs documents as he issues executive orders and pardons for January 6 defendants in the Oval Office at the White House on Inauguration Day in Washington, U.S., Jan. 20, 2025. Carlos Barria | ReutersA federal judge on Tuesday paused until next week the implementation of a Trump administration order that would have frozen the issuance of existing federal grants and loans.Judge Loren AliKhan’s ruling during a hearing conducted on Zoom came just minutes before the freezing order was set to take effect at 5 p.m. ET. At stake are funds potentially worth…
The Athletic has live coverage of the 2025 NBA trade deadline. We’ve seen a few minor trades leading up to the Feb. 6 NBA trade deadline. But with that date less than two weeks away, expect the action to heat up.I decided to create five different trade proposals that I would like to see happen over the week-plus. With Jimmy Butler taking up so much oxygen on the trade market as teams jockey to either acquire the Miami Heat star or get involved as a third, fourth or even fifth team within a potential deal, I thought it would be…
Technicians on Tuesday kept a careful eye on Nvidia for indications on whether the sell-off is over, or if there’s further downside looming. Nvidia rose 7% a day after it posted the worst market value loss of any U.S.-publicly traded company in history. On Monday, the graphics processing unit maker dropped nearly 17%, wiping out more than $595 billion from its market cap. Despite the sell-off, Nvidia is still worth $2.9 trillion, behind only Apple and Microsoft in terms of size. On a 12-month basis, the stock has roughly doubled. But after Monday’s stunning drop, in which Nvidia dipped below…
The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024.Jakub Porzycki/ | Nurphoto | Getty ImagesStarbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations.The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the last year.”While we have room for improvement, we’re making progress as planned, and have confidence we’re on the right track,” CEO Brian Niccol said in a video released on the company’s website on…
Whether you socked away money in a high-yield savings account or saw a windfall from your Big Tech winners last year, you probably did well – and it’s almost time to pay the Tax Man. The Internal Revenue Service began accepting 2024’s income tax returns this week. April 15 marks the federal deadline for filers, unless they go on extension until October. Any sums owed to the IRS, however, must be paid by April 15, or else penalties may apply. While the Federal Reserve began dialing back interest rates last fall, investors spent much of 2024 enjoying attractive yields on…
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024.CNBCMIAMI BEACH, Fla. — Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently, saying the transformational shift could take decades to realize.”This is a 10- to 20-year theme. It’s gonna affect everybody in how they conduct their lives, how they do their business,” Cohen said at the iConnections Global Alts conference on Tuesday. “We’re still in the first, second inning of something that’s going to be transformational for the economy and the world. … It is such…
By James Jackson, Sam Amick and Jon KrawczynskiThe Miami Heat have suspended Jimmy Butler without pay for “an indefinite period to last no fewer than five games” after the forward walked out of the team’s shootaround Monday ahead of its game against the Orlando Magic. (2/2) The suspension is due to a continued pattern of disregard of team rules, engaging in conduct detrimental to the team and intentionally withholding services. This includes walking out of practice earlier today. — Miami HEAT (@MiamiHEAT) January 27, 2025This marks the third time in a month that Butler, who demanded a trade from the…
Prime Minister Justin Trudeau’s government was “insufficiently transparent” about foreign interference in Canadian politics and sometimes took “too long to act” against attempts to meddle in the country’s past two general elections by foreign powers including China and India, a government commission said on Tuesday.“Trust in Canada’s democratic institutions has been shaken, and it is imperative to restore it,” the commission said in its final report, which summarized 18 months of hearings, testimony and examination of classified intelligence documents.The government’s efforts to rebuild trust have been “piecemeal and underwhelming,” said Marie-Josée Hogue, a Court of Appeal justice from Quebec, who…
