A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling short in boosting enterprises’ profitability.That marked the largest monthly decline since October last year, when the industrial profits dropped 10%.Cumulative profits at major industrial firms fell 1.1% in the first five months of 2025, compared to a year earlier, the data showed.Citibank earlier this week upgraded…
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Jerry O’Callaghan, former chairman of JBS SA, center, speaks with a trader on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, June 25, 2025.Michael Nagle | Bloomberg | Getty ImagesI am Spriha Srivastava, CNBC International’s executive editor for digital, and I am writing to you today from Singapore.Enjoy!Share with me your thoughts on the newsletter and what you’d like to see more or less of. Markets this week? Totally unbothered — like they’re on a beach somewhere, sipping a cold drink and ignoring the headlines.Geopolitical tensions flared (again), oil prices plunged, and defense stocks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” is joined by Gerard Cassidy, head of U.S. bank equity strategy and large cap bank analyst at RBC Capital Markets, to discuss the outlook for the banking industry, the upcoming results of the stress test and more. Source link
CNBC’s Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day’s best S&P 500 performers.”Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off,” he said. “Neither’s a good thing.”Here are stocks that helped lead the broad market index on Thursday:Enphase Energy: Cramer said the possibility that Congress could preserve some solar tax credits is driving Enphase higher.Freeport-McMoRan: While Cramer said he doesn’t want to own this copper miner —…
Chongqing, China.Jackyenjoyphotography | Moment | Getty ImagesA new trend is driving Southeast Asian tourists to China’s Chongqing city — viral social media clips of monorails running through a residential building, buildings perched atop hilly terrain, and a pedestrian bridge on the 13th floor.Flight bookings from Southeast Asia to Chongqing increased more than sixfold during the Dragon Boat Festival holiday, which fell on May 31 this year, compared with the previous year, Chinese online travel platform Fliggy told CNBC.”In 2025 alone, we’ve captured a nearly 12-fold surge in demand for Chongqing, compared to demand for other cities,” said Sarah Wan, Klook’s…
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty ImagesA SpaceX crane collapse at the company’s Starbase, Texas facility on Tuesday has prompted an investigation by the Occupational Safety and Health Administration, the federal agency told CNBC in an email.The crane collapse was captured in a livestream by Lab Padre on YouTube, a SpaceX-focused channel. Clips from Lab Padre were widely shared on social media, including on X, which is owned by SpaceX CEO Elon Musk.It wasn’t immediately clear whether any SpaceX workers were…
Aerial view of Osaka SkylineNikada | E+ | Getty ImagesAsia-Pacific markets mostly rose Friday, tracking Wall Street’s gains after White House spokesperson Karoline Leavitt downplayed the impending start of the tariff deals, which have weighed on investor sentiment.July 8 is when the so-called liberation day tariffs are set to take effect after a 90-day pause, and July 9 is the deadline for an EU deal to avoid 50% tariffs.”The deadline is not critical,” said Leavitt. “Perhaps it could be extended, but that’s a decision for the president to make.7Japan’s benchmark Nikkei 225 climbed 1.07% in early trade after hitting a five-month high in its…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” is joined by Randy Konik, managing director at Jefferies, to discuss Nike’s fiscal fourth-quarter earnings results, which beat expectations on the top and bottom lines. Source link
The S&P 500 rose Thursday, coming within mere points of its all-time high. The Nasdaq Composite is also approaching its record. What’s on CNBC’s radar Friday. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCNBC’s “Fast Money” is joined by Worth Charting’s Carter Worth to discuss why he says investors should sell TJX Companies.02:02an hour ago Source link
