People shop at a grocery store in Manhattan on April 01, 2025, in New York City. Spencer Platt | Getty Images A day without major tariff developments from U.S. President Donald Trump’s administration is, for markets, a day of cautious optimism (or at least what passes as “optimism” in such unusual times). There was breathing room on Monday for markets to make tentative moves upward, especially after the news, out late Friday, of a last-minute exception for electronics from so-called reciprocal tariffs. White House officials are still making their rounds on major news channels to preach the sense of Trump’s economic policy.…
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The ‘Fast Money’ traders talk their recent investing moves amid sustained volatility. Source link
Visitors look at the display of SK Hynix Inc. 12-layer HBM3E memory chips at the Semiconductor Exhibition (SEDEX) in Seoul, South Korea, on Wednesday, Oct. 23, 2024. Bloomberg | Bloomberg | Getty ImagesSouth Korea announced Tuesday a support package of 33 trillion won ($23.25 billion) for its vital semiconductor industry, as heightened uncertainty over U.S. tariffs threatens domestic companies.This comes after U.S. president Donald Trump reportedly said he would be announcing the tariff rate on imported semiconductors soon, after exempting them from his steep “reciprocal” tariffs last Friday.In a social media post Monday, Trump vowed to investigate the “whole electronics…
Pope Francis on Monday placed Antoni Gaudí, the Catalan modernist once called “God’s architect” for his work on the Sagrada Familia, Barcelona’s world-famous basilica, on the path to sainthood.Francis recognized his “heroic virtues” and authorized a decree declaring him “venerable,” a move toward sainthood, the Vatican said in a statement. For the next step, beatification, a miracle attributed to him would have to be verified. After that, a confirmation of yet another miracle would be required for Gaudí to be declared a saint in the Roman Catholic Church. The process can take years, even centuries.The basilica marked the pope’s decision…
Tickets on sale now for June’s ‘Fast Money’ live. Source link
Tech shares lifted the S&P 500 to back-to-back gains on Monday, and the Dow Industrials added more than 300 points. Here’s what CNBC is watching Tuesday. Source link
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai.Bruce Yuanyue Bi | The Image Bank | Getty ImagesAsia-Pacific markets mostly rose Tuesday after all three key benchmarks on Wall Street rose on a tech rally.Japan’s benchmark Nikkei 225 started the day 1.12% higher, while the broader Topix index was rose 1.31%.In South Korea, the Kospi index added 0.44% in early trade, while the small-cap Kosdaq fell 0.26%.Meanwhile, Australia’s S&P/ASX 200 was flat.Futures for Hong Kong’s Hang Seng index stood at 21,585, pointing to a stronger open compared to the HSI’s last close of 21,417.40.India is expected to release…
The final trades of the day with CNBC’s Dom Chu and the Fast Money traders. Source link
Stocks rose again on Monday in another volatile session , marking the third positive day in four for the S & P 500 as Wall Street tries to recover from the tariff sell-off earlier this month. But the index did briefly drop into the red in midday trading, a sign that investors may still be uneasy. .SPX 1D mountain The S & P 500 suffered a midday swoon on Monday. History suggests that they are right to be skeptical. Paul Ciana, Bank of America technical strategist, said in a note to clients Monday that the market may need to retest…
The Trump administration could cut nearly 50 percent of the State Department’s funding next fiscal year, according to an internal memo laying out a downsizing plan being given serious consideration by department leaders, said two U.S. officials. The plan was drawn up as the White House pressures agencies to make significant budget cuts.The memo, a copy of which was obtained by The New York Times, proposes eliminating almost all funding for international organizations like the United Nations and NATO, ending the budget for supporting international peacekeeping operations and curtailing all of the department’s educational and cultural exchanges, like the Fulbright…
