Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on May 7, 2025 in Washington, DC. Andrew Harnik | Getty Images When the Federal Open Market Committee met in March, U.S. President Donald Trump had yet to unleash his so-called “reciprocal” tariffs on the world.But Fed policymakers were already bracing for the impact of trade barriers. At the conclusion of that meeting, the FOMC lowered its economic forecast for the U.S. and hiked its inflation projection. Fed Chair Jerome Powell said “a…
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The ‘Fast Money’ traders react to report Pres. Trump going to rescind chip curbs. Source link
U.S. President Donald Trump makes a sports announcement at the White House in Washington, D.C., U.S., May 5, 2025. Leah Millis | ReutersThere will be an Oval Office news conference about a major trade deal with the U.S. on Thursday “with representatives of a big, and highly respected, country” at 10 a.m. EDT (1400 GMT), U.S. President Donald Trump posted on Truth Social on Wednesday.Trump added that it would be the first of many but provided no further details, including which country.Trump’s top officials have engaged in a flurry of meetings with trading partners since the president on April 2 imposed a 10% tariff…
Indian aircraft went down after the country launched attacks against Pakistan this week, in what it said was retaliation for a terrorist attack in Indian-controlled Kashmir that killed 26 people and caused tensions between the two nations to boil over.The exact number and variety of lost aircraft is not yet clear.Two or three Indian aircraft went down inside India’s border, according to Indian officials, Western diplomats and local media reports. Pakistan, for its part, claims it shot down five planes and at least one drone: three Rafale fighter jets, one MIG-29 fighter aircraft, one Su-30 fighter jet and one Heron…
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 stocks closed higher in volatile trading following the Federal Reserve’s policy announcement, and what’s on the radar for the next session. Citadel’s Ken Griffin and the markets Big headlines from one of the world’s most successful investors, Ken Griffin, in an interview with CNBC TV’s Sara Eisen late this afternoon. Thank you to supervising producer Michael Newberg of “Closing…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyTom Rogers, fmr. NBC Cable president, joins ‘Fast Money’ to talk Disney’s earnings beat and surge in streaming audience.05:173 hours ago Source link
Brazil’s central bank raised interest rates by 50 basis points Wednesday in a sixth straight hike that pushed borrowing costs to their highest in nearly 20 years, and left future steps open amid global uncertainties and sticky domestic inflation.The bank’s monetary policy committee, known as Copom, raised the Selic to 14.75% in a unanimous decision, matching forecasts from 32 of 35 economists in a Reuters poll.Policymakers stressed that the current environment calls for a “significantly contractionary monetary policy for a prolonged period” to bring inflation to target, dropping previous language about the need for “a more contractionary” stance.”For the next meeting, the scenario of heightened…
A screen showing the Shanghai composite index (top), Shenzhen component index (C) and Beijing stock exchange 50 index (bottom) in Jing’an district in Shanghai on April 9, 2025. Hector Retamal | Afp | Getty ImagesAsia-Pacific markets were set to mostly climb, tracking Wall Street gains after the U.S. Federal Reserve expectedly kept rates unchanged.Japan’s benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 37,010 while its counterpart in Osaka last traded at 36,960, against the index’s last close of 36,779.66.Futures for Hong Kong’s Hang Seng index stood at 22,466, higher than HSI’s last close of…
‘Fast Money’ traders talk Uber results. Source link
Vcg | Visual China Group | Getty ImagesDavid Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.The deal, which has been in the works since January, consists of $200 million in equity funding and $100 million in convertible debt, according to a person familiar with the matter who asked not to be named because the fundraise hasn’t been announced. The Information was first to cover the story.Bailey’s company is named Nakamoto, a tribute to the pseudonymous bitcoin creator…
