HSBC says high levels of uncertainty surrounding the economy mean U.S. assets will stay under pressure. Questions about the level of tariffs on which products from which countries ahead of the April 2 start date set by President Donald Trump have led to a “confidence shock” in households and businesses, the London-based bank said. It noted that consumer sentiment has weakened, price expectations have risen and consumer expectations regarding the labor market have worsened. “Uncertainty around the 2 April deadline may also be very high. But what matters most to us is the probability of these unusually high levels of…
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An airstrike by Sudan’s military ripped through a crowded market in the country’s western region of Darfur, killing at least 54 people and wounding dozens more, according to local monitoring groups that called the attack a likely war crime.The attack on Monday came as Sudan’s military continued to make sweeping gains in the capital, Khartoum, where it seized the presidential palace on Friday. The military is now trying to drive its foe, the paramilitary Rapid Support Forces, entirely out of the city.The reported atrocity in Darfur, though, was a grim reminder of the brutal toll of Sudan’s war, the largest…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.Tami Chappell | ReutersThe Centers for Disease Control and Prevention is pulling back $11.4 billion in funds allocated in response to the pandemic to state and community health departments, nongovernment organizations and international recipients, the Department of Health and Human Services confirmed Tuesday.”The COVID-19 pandemic is over, and HHS will no longer waste billions of taxpayer dollars responding to a non-existent pandemic that Americans moved on from years ago,” HHS Director of Communications Andrew Nixon said in a statement. “HHS is prioritizing funding projects that…
LOS ANGELES — The boos rained on Mississippi State’s players every time they brought the ball up the court. They continued into halftime as the Bulldogs cheerleaders took the stage, then when Mississippi State came back out of the locker room, and when one of them tangled with Rayah Marshall in the postgame handshake line.The blame didn’t lie with them, but the USC fans needed somewhere to direct their anger. It was overwhelming. How could it not be? The air had been sucked out of the building, their greatest fear materializing in front of them. The hopes of the best…
The Trump administration seems like it just doubled down on Greenland.Vice President JD Vance announced on Tuesday that he was headed to the island later this week, taking over a controversial visit that officials in Greenland have made very clear they don’t want at all.Earlier this week, the Trump administration said that Usha Vance, the second lady, and Michael Waltz, the national security adviser, were traveling to Greenland to promote ties with the semiautonomous territory of Denmark that President Trump wants for the United States.Officials from Denmark and Greenland immediately branded the trip as “aggressive” and part of the president’s…
The outlook is getting darker for one part of the municipal bond market. The higher education sector was recently downgraded by Moody’s Ratings to negative from stable amid potential policy changes from President Donald Trump ‘s administration. Higher ed and K-12 education are the only two muni sectors Moody’s rates negative. The catalyst for the outlook change was a shift in public and private colleges’ operating environment, primarily related to growing uncertainty, explained Susan Fitzgerald, managing director of public finance at Moody’s Ratings. “The sector already had a fair number of stresses that it was addressing — particularly on the…
Meta Platforms has had a rough March, but the social media giant is a solid buy at these levels, according to Chris Grisanti, chief market strategist at MAI Capital Management. The strategist went on CNBC’s ” Power Lunch ” on Tuesday to give his takes on some of the market’s biggest movers of the day. Here is what he had to say during “Three-Stock Lunch.” Meta Platforms The Facebook parent has suffered alongside most of its Magnificent Seven peers in recent weeks, as Meta shares are down more than 6% in March. However, the social media stock is starting to…
James Dolan hung a poster in his Manhattan office that gives a peek into his worldview. It spells out a motto he sometimes drops into conversation when the man behind one of America’s glitziest sports and entertainment empires doesn’t like the terms others have set for him.If you argue for your limitations, you get to keep them.The quote is as much a reflection of how Dolan operates as the man himself. Dolan is one of the most famous owners in professional sports, the longtime operator of the NBA’s New York Knicks and NHL’s Rangers and of Madison Square Garden. He…
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance analyst at the Institute for Energy Economics and Financial Analysis. The U.S. is already producing more crude oil than any other nation in history. In December 2024, U.S. oil and gas firms produced more than 13.49 million barrels of crude per day. That’s an all-time high…
