U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump on Wednesday offered to help dial back tension between India and Pakistan, which has escalated as a result of a recent Islamist terror attack in Kashmir.Trump commented on the situation hours after India said its armed forces conducted strikes against Pakistan early Wednesday morning.”It’s terrible,” Trump said of the conflict.”My position is I get along with both,” Trump said in the Oval…
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Nvidia CEO Jensen Huang (R) speaks alongside US President Donald Trump speaks about investing in America, at the White House in Washington, DC, on April 30, 2025. Jim Watson | AFP | Getty ImagesNvidia shares rose on Wednesday on a report that the Trump administration plans to revise a set of chip trade restrictions called the “AI diffusion” rule.The rule, which was proposed in the last days of the Biden administration, organizes countries into three different tiers, all of which have different restrictions on whether advanced AI chips like those made by Nvidia, AMD, and Intel can be shipped to…
U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump said Wednesday he would not consider lowering the United States’ 145% tariffs on China in order to spur trade-war negotiations with Beijing.Trump flatly answered “no” when asked at the White House if he was open to pulling back on the steep import duties to get China to the negotiating table.Trump’s commitment to his tariffs came three days before U.S. Treasury Secretary Scott…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Source link
After reporting earnings last week, McDonald’s has been ticking higher and is now approaching its all-time highs near $325, which it hit mid-March. Since then, MCD has formed a potential bullish cup-and-handle. This is important since the stocks has shown the ability to capitalize on similar chart formations over the past nine months, as the chart shows. It broke out from a similar setup last July, which led to a substantial upward swing through early October. After a period of consolidation, it broke out of two other bullish patterns in February, bringing us to now — where MCD is again…
The Federal Reserve’s decision Wednesday to hold interest rates steady means investors still get to enjoy attractive yields on their cash. Cold, hard cash has also proven to be a good diversifier for portfolios in recent years — even better than Treasurys, according to a recent Morningstar analysis . The financial services firm looked at the trailing three-year period through the end of December 2024 and put cash’s performance alongside bonds. “While both stock and bond prices stabilized in 2023 and 2024 after the painful drawdown in 2022, three-year correlations between stocks and high-quality bonds remain elevated. Treasury bonds, historically…
Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes following two recounts of the November 2024 election results. Robert Willett | Raleigh News & Observer | Tribune News Service | Getty ImagesThe Republican candidate for North Carolina’s state Supreme Court conceded on Wednesday, ending his six-month long crusade to overturn the election results in the perennial battleground state.”While I do not fully agree with the District Court’s analysis, I…
For two weeks, as India promised a forceful response to a terrorist massacre that it linked to Pakistan, the only real question seemed to be just how hard it would strike.The answer came in the wee hours of Wednesday, as India sent jets soaring through the air to hit several sites in Pakistan, and as the Pakistani military mobilized its own fleet to try to shoot the Indian planes out of the skies.By day’s end, long after the missiles had stopped flying and the killing had come to a close, both sides took stock and found that they had enough…
WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.The post-meeting statement noted the volatility and how that is factoring into policy decisions.”Uncertainty about the economic outlook has increased further,” the statement said. “The Committee is attentive to…
Ritholtz Wealth Management CEO John Brown joined CNBC’s “Halftime Report” to offer his analysis on several stocks ranging from major tech names to Berkshire Hathaway and Shake Shack . Here’s what he said about each: Alphabet The shares were tanking on Wednesday after Apple’s services chief said AI would replace search engines. Brown said he’s bearish on the Google parent as young people opt for AI platforms now. “For the first time, Google finds itself competing in core search. … Basically, Google could go into any business that they wanted to go into, because they had a money printing machine…
