The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in.Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday.That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in…
The Energy Department said on Monday that it was preparing to roll back energy and water conservation standards for a long list of electric and gas appliances, targeting 47 regulations that it said were “driving up costs and lowering quality of life for the American people.”The moves follow an executive order last week from President Trump directing the Energy Department to “eliminate restrictive water pressure and efficiency rules that make household appliances less effective and more expensive.”But energy-efficiency experts and climate advocates said the Energy Department’s moves would increase the cost of running household appliances like dehumidifiers and portable air-conditioners…
Brian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCCoinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading. The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial.Since going public through a direct listing in 2021, Coinbase has become a bigger part of the U.S. financial system, with bitcoin soaring in value…
The 90-day pause on most tariffs between China and the U.S. took the worst-case scenarios off the table for Wall Street and spurred a rally that smashed through a notable milestone for chart watchers. The S & P 500 rose 3.3% on Monday and closed well above its 200-day moving average. That level had been seen as a potential ceiling on the market rebound by skeptical strategists. The strength of the move on Monday means that busting through the 200-day moving average looks like just a footnote in what has become a rapid rebound for the market. “This is an…
Sundar Pichai, C.E.O. of Google and Alphabet, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty ImagesGoogle will begin a new fund aimed at investing in artificial intelligence startups, the company announced Monday.Through a fund it calls the “AI Futures Fund,” eligible startups will get Google investment, early access to AI models, and hands-on support from Google researchers, engineers and go-to-market specialists, the company said in a blog post on Monday. They will also get credits to use on Google Cloud.”Select startups get the…
A cargo ship moors at the container terminal berth of Lianyungang Port for loading and unloading containers in Lianyungang City, Jiangsu Province, China, on May 9, 2025.Nurphoto | Nurphoto | Getty ImagesThe tariff rate the U.S. puts on imports remains higher than any point since the 1930s, despite trade deals struck with China and the United Kingdom in recent days, according to a Yale Budget Lab report issued Monday.The total U.S. average effective tariff rate is 17.8% — the highest since 1934 — even after accounting for these policy changes, according to the Yale Budget Lab.That’s equivalent to an increase…
With stocks on the path toward a “V”-shaped recovery, Fundstrat co-founder Tom Lee sees a handful of names worth grabbing. Stocks have staged a recovery rally since selling off on the initial unveiling of President Donald Trump’s plan for steep tariffs last month. The latest leg up came on Monday after the U.S. and China agree to slash tariffs for 90 days following weekend trade negotiations. “Equities have staged a V-shaped recovery, which is what we argued would take place as this is the pattern after a waterfall decline in stocks,” Lee wrote to clients in a Monday note. “And…
Shares of Apple and Meta Platforms may be due for even more moves to the upside despite their pullback in recent months, according to Ari Wald, head of technical analysis at Oppenheimer. Wald joined CNBC’s ” Power Lunch ” on Monday to discuss the two “Magnificent Seven” names, as well as one other stock that was surging in the day’s session along with the rest of the market. Apple Apple shares popped about 6% during Monday’s session after the U.S. and China announced that they’ve agreed to temporarily suspend their steep tariff rates , with the U.S. bringing its duties…
Hamas released Edan Alexander, the last living American hostage it held in Gaza, on Monday evening, after mediators brokered a deal between the group and the United States that largely circumvented the Israeli government.Mr. Alexander’s release came on the eve of a visit by President Trump to the Middle East, and was portrayed by Hamas officials as an attempt to secure U.S. support for a wider deal to end the war.Mr. Alexander, 21, was among roughly 250 people seized and taken to Gaza during the Hamas-led attack on Israel on Oct. 7, 2023, that ignited the war in Gaza. A…
