Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty ImagesJapan exports slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs.Exports growth of 2% was in line with Reuters-polled analysts’ estimates, its slowest since October last year and the worst showing since September when exports contracted 1.7%.The country’s imports shrank 2.2% from a year ago, less than estimates of a 4.5% decline.Japan’s real gross domestic product contracted an annualized 0.7% in the first quarter this year, preliminary government data…
Author: usaeverydaylife
The Amazon Prime logo is displayed on Amazon delivery trucks in Richmond, California, June 21, 2023.Justin Sullivan | Getty ImagesDepartment of Justice officials on Tuesday charged members or associates of an Armenian organized crime ring with stealing more than $83 million worth of cargo from Amazon by posing as legitimate truck drivers and siphoning off goods destined for the company’s warehouses.Since at least 2021, at least four people linked to the crime ring carried out a scheme across California to steal truckloads of merchandise, ranging from smart TVs and GE icemakers to SharkNinja vacuums and air fryers, the DOJ alleged.”At…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCElon Musk said Tuesday that artificial intelligence development could run into power generation problems by the middle of next year, as the technology industry builds increasingly large data centers.Musk told CNBC in an interview that his artificial intelligence startup xAI is planning a gigawatt-size facility outside Memphis, Tenn. He said the facility would be complete in six to nine months. A gigawatt is equivalent to the power capacity of the average nuclear plant in the U.S., according to the Department of Energy.Musk said AI faces three major limitations as it…
Palo Alto Networks shares fell Tuesday evening despite reporting better-than-expected earnings and revenue for its April quarter. We’ve seen the stock drop on earnings reports before due to lofty investor expectations, before ultimately recovering. This time may not be any different. Revenue in the cybersecurity company’s fiscal 2025 third quarter increased 15% year over year to $2.29 billion, exceeding the Wall Street consensus estimate of $2.28 billion, according to LSEG. Adjusted earnings per share (EPS) increased 21% to 80 cents in the quarter, ahead of the 77-cent LSEG consensus estimate. PANW YTD mountain Palo Alto’s year-to-date stock performance. Bottom line…
The S&P 500 slid on Tuesday, ending a six-session winning run as investors dropped tech stocks. Here’s what’s on CNBC’s radar heading into Wednesday. Source link
‘Fast Money’ traders talk Target earnings. Source link
CNBC’s Jim Cramer examined Tuesday’s market action and said rising bond yields drove a number of stock moves as Wall Street waits for lawmakers to pass a federal budget bill.”The bad news is that rates are threatening to break out to the upside,” he said. “And if they can’t stay calm, if they jump to a new, higher level while Congress works on the budget bill, we’re liable to have more days like today, where you need a plethora of positive themes for any given stock to break free from the gravitational pull of these darn miserable Treasurys.”The indexes retreated on…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange (NYSE) on May 19, 2025 in New York City. Spencer Platt | Getty Images News | Getty ImagesS&P 500 futures wavered Tuesday night following a losing session on Wall Street that snapped a winning streak.Futures tied to the broad index shed 0.2%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures lost 93 points, or 0.2%.Tuesday night’s action comes after a tough session for the three major averages. The S&P 500 ended a six-day win streak, while the Nasdaq Composite saw its first negative day in three. The…
U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | ReutersPresident Donald Trump rolled out plans for a multibillion dollar ‘Golden Dome’ missile defense shield system Tuesday, and said that he anticipated it could be operational in roughly three years.”Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world and even if they are launched from space, and…
