Various whiskey bottles on shelves in a bar.Hiob | Istock | Getty ImagesGlobal spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to withdraw its sales targets on increased economic and trade uncertainty.”Given the continued lack of macroeconomic visibility, the geopolitical uncertainties surrounding U.S.-China tariff policies, and the absence to date of a recovery in the U.S. market … the conditions required to maintain [Remy Cointreau’s] 2029-2030 targets are no longer…
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‘Fast Money’ traders talk what to expect from Apple’s upcoming WWDC Source link
The latest economic reports show a surprisingly stable U.S. job market, but there are “cracks in the foundation” that could spell trouble for workers in the coming months, according to Andrew Flowers, chief economist at Appcast, a recruitment marketing provider.The U.S. added 139,000 jobs in May, beating expectations and down slightly from 147,000 in April, according to new data from the Bureau of Labor Statistics. The unemployment rate held steady at 4.2% while the underemployed rate, or the share of part-time workers who want full-time jobs, remained unchanged at 7.8%.Looking at the bigger picture, the job market is “treading water”…
Craig Moffett, MoffettNathanson, joins ‘Fast Money’ to talk what to expect from Apple’s upcoming WWDC. Source link
Next week’s inflation data could be the first to show the impact of higher tariffs. Economists expect that the May readings for the consumer and producer price index — both inputs for the Federal Reserve’s favorite inflation gauge later this month — could start to show a rise in goods inflation, which is sensitive to the higher levies imposed by the Trump administration on imports. The consumer price index, or CPI, for example, is expected to have held steady in May, up 0.2% from April, according to economists polled by FactSet. Excluding volatile food and energy prices, however, CPI is…
The chart of the week with CNBC’s Melissa Lee and the Fast Money traders. Source link
CNBC’s Jim Cramer walked investors through next week on Wall Street, pinpointing the latest consumer price index report and a number of investor days, including one from BlackRock.He also touched on how the feud between President Donald Trump and Tesla CEO Elon Musk reverberated through a market that is sensitive to social media posts from prominent figures.”We should be headed for a quiet week, but, you know what, we’ve got to stay close to Truth Social to see what’s going on in the White House before we assess anything these days,” he said. “Given what happened with the president and…
President Donald Trump said on Friday that he has no plans to speak with Elon Musk, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon.Addressing reporters aboard Air Force One, Trump said he wasn’t “thinking about” the Tesla CEO.”I hope he does well with Tesla,” Trump said.However, Trump said a review of Musk’s extensive contracts with the federal government was in order. “We’ll take look at everything,” the president said. “It’s a lot of money.”Trump may get rid of the red Tesla Model S that he bought in March after showcasing Musk’s electric cars on the White House lawn, a White House official said, speaking on condition of anonymity.Musk, for his part, did…
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesTesla has been facing massive challenges trying to get back on track after a disastrous first quarter. Those headwinds strengthened considerably this week.CEO Elon Musk officially concluded his term with the Trump administration at the end of May, hitting the 130-day mark, the maximum time allowed for a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPeter Boockvar, Bleakley Financial Group chief investment officer, joins ‘Fast Money’ to explain why he is skeptical of this market bounce.06:062 hours ago Source link
