College graduates of the class of 2025 seek jobs at a special job fair for the new food and biomedicine industries in Huai ‘an City, Jiangsu Province, China, on June 8, 2025. Nurphoto | Nurphoto | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyChina’s eagerness to adopt artificial intelligence…
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‘Fast Money’ traders talk markets closing in on new highs. Source link
Gov. Gavin Newsom speaks with Economic Development Corporation CEO Stephen Cheung at the 2025 Economic Forecast and Industry Outlook conference at East Los Angeles College on Wednesday, February 26, 2025. Sarah Reingewirtz | Medianews Group | Los Angeles Daily News Via Getty Images | Medianews Group | Getty ImagesAmid immigration raids, peaceful protests, attacks on law enforcement officers and the threat of his own arrest by federal agents, California Gov. Gavin Newsom is immersed in what could be the most consequential political fight of his career.The battle between the president and the governor of the country’s largest state instantly turned Newsom…
A federal appeals court on Tuesday said the Trump administration did not have to comply for now with a judge’s order to give due process to scores of Venezuelan immigrants who were deported to El Salvador under a wartime law.The ruling, by the U.S. Court of Appeals for the District of Columbia Circuit, came one day before the administration was supposed to outline for a lower-court judge how to allow nearly 140 deported Venezuelans to challenge their expulsion. The men, accused of being members of a violent street gang called Tren de Aragua, are being held in a maximum-security Salvadoran…
The ‘Fast Money’ traders taste test McDonald’s McCrispy chicken strips. Source link
US President Donald Trump speaks during a the White House Crypto Summit in Washington, DC, March 7, 2025. Jim Watson | AFP | Getty ImagesWhite House AI czar David Sacks on Tuesday downplayed the risk that coveted American AI chips could be smuggled to bad actors, and expressed concern that regulating U.S. AI too tightly could stifle growth and cede the critical market to China.”We talk about these chips like they could be smuggled in the back of a briefcase. That’s not what they look like. These are server racks that are eight feet tall and weigh two tons,” Sacks said…
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from its all-time high, which it reached in February.That’s despite the shadow of U.S. President Donald Trump’s “reciprocal” tariffs still haunting the economy. As the 90-day tariff pause ticks down, America, so far, has just one deal, struck with the U.K., and an agreement with China…
CNBC’s Phil LeBeaus joins ‘Fast Money’ with breaking news on General Motors. Source link
Maremagnum | Corbis Documentary | Getty ImagesAsia-Pacific markets mostly climbed Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being “productive.”The superpowers have reached an agreement on trade, representatives from both sides said.”We have reached a framework to implement the Geneva consensus and the call between the two presidents,” Lutnick told reporters. That echoed comments made to reporters by Li Chenggang, China’s international trade representative and a vice minister at China’s Commerce Ministry.The talks had continued for a second day in London on Tuesday. U.S. Treasury Secretary Scott Bessent…
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | ReutersA federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them on grounds that Trump had exceeded his authority by imposing them.The decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. means Trump may continue to enforce, for now, his “Liberation Day” tariffs on imports from most U.S. trading partners, as…
