Rep. LaMonica McIver, D-N.J., speaks during a news conference with freshmen women during the House Democrats 2025 Issues Conference at the Lansdowne Resort in Leesburg, Va., on Thursday, March 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Justice Department said it filed charges Monday against Rep. LaMonica McIver, D-N.J., alleging she assaulted law enforcement this month at an Immigration and Customs Enforcement facility in Newark.Acting U.S. Attorney for the District of New Jersey Alina Habba made the announcement on X, where she accused the Democratic lawmaker of “assaulting, impeding and interfering with law enforcement.”In a statement, McIver called the charges against…
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A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty ImagesChina cut its key lending rates by 10 basis points on Tuesday, as a stronger yuan and easing trade tensions offer it room for monetary easing aimed at boosting its economy.The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.This marked the first reduction in rates since the central bank’s 25-basis-point cut in…
The ‘Fast Money’ traders discuss JPMorgan’s call to downgrade Netflix. Source link
Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty ImagesShares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 11% in their Hong Kong trading debut on Tuesday.Shares were trading at 292 Hong Kong dollars apiece on the Hong Kong stock exchange premarket, compared with the initial public offering price of HK$263 dollars per share. The IPO raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global listing in 2025. CATL is already listed on on the Shenzhen Stock Exchange, where the shares are down 2.26%…
Headquarter building of the Nippon Steel corporation in Japan on January 7, 2025.David Mareuil | Anadolu | Getty ImagesNippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter.Under details of the plan included in the document, the company will plow $11 billion into U.S. Steel’s infrastructure through 2028. That includes $1 billion in a green field site, which is expected to grow by $3 billion over the following years and has not been previously reported. The total investment figure was previously reported by CTFN.Shares of U.S. Steel rose closed up more than…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | ReutersChinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of illicit activity that’s propping up these shipments from China.By using the “delivered-duty-paid” shipping approach where sellers pay for all import duties, and by under-invoicing shipments, some Chinese sellers are able to offer U.S. customers pre-tariff prices, while still turning a profit, according to legal experts and…
A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAlphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco down…
Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia.Prasit Photo | Moment | Getty ImagesAsia-Pacific markets were set to climb Tuesday as investors look toward the Reserve Bank of Australia’s policy rate decision, as well as the listing of the world’s largest battery manufacturer Contemporary Amperex Technology.Japan’s benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,640 while its counterpart in Osaka last traded at 37,570, against the index’s last close of 37,498.63.Likewise, Australia’s benchmark S&P/ASX 200 is set to rise, with futures standing at…
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 the S & P 500 posted a sixth positive day, and what’s on the radar for the next session. Too complacent? JPMorgan’s CEO Jamie Dimon, one of the most respected executives in business, said Monday during the company’s investor day : “We have huge deficits; we have what I consider almost complacent central banks. You all think they can…
