The ‘Fast Money’ traders talk disconnect between stocks and bond market. Source link
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FILE PHOTO: Mahmoud Khalil speaks to members of media about the Revolt for Rafah encampment at Columbia University during the ongoing conflict between Israel and the Palestinian Islamist group Hamas in Gaza, in New York City, U.S., June 1, 2024. Jeenah Moon | ReutersA federal judge on Friday ruled that the Trump administration can deport Columbia University graduate student Mahmoud Khalil just a month after his arrest prompted national outrage and marked the start of the federal government’s broader crackdown on foreign students.Khalil has until April 23 to file for relief.In his ruling, the judge said that “the court will sustain…
After the NBA fined Ja Morant $75,000 last week for making finger-gun gesture celebrations, the Memphis Grizzlies star has found a new way to commemorate a made 3-pointer.In the Grizzlies’ 141-125 loss to the Minnesota Timberwolves on Thursday night, Morant mimicked pulling a pin, tossing a grenade and covering his ears following a made 3. It was the second straight game in which Morant had made the grenade gesture, having unveiled it Tuesday when Memphis played at Charlotte.“That’s my celebration now until somebody else has a problem with it, and I’ll find another one,” Morant said after Thursday’s shootaround.The NBA…
European stock markets are holding up significantly better than their American peers amid the escalating tit-for-tat trade war between the world’s largest economies. While the S & P 500 has fallen nearly 11% year-to-date, European indices have fared considerably better. The STOXX Europe 600 is down just 4.4%, France’s CAC 40 has slipped 4%, Britain’s FTSE 100 has declined nearly 3% and Italy’s FTSE MIB is down just 0.9%. Germany’s DAX is even in positive territory, holding up 2.4%. Tariffs and politics Wall Street banks predict that the economic damage from the trade war initiated by the United States will…
The recent shake-up in the market amid uncertainty surrounding President Donald Trump’s tariffs has provided an attractive buying opportunity for Chevron , according to Matt Maley of Miller Tabak. The firm’s chief market strategist joined CNBC’s ” Power Lunch ” on Friday to give his view on the energy giant, as well as two other names he thinks investors should be watching during these volatile times. Here’s what Maley had to say. Chevron Chevron shares have taken a hit recently, sliding nearly 5% this week and more than 18% in April. But Maley thinks the stock is reaching oversold levels.…
Fotostorm | E+ | Getty ImagesThe tax deadline is days away — and the IRS is urging taxpayers to file returns on time and “pay as much as they can.”However, if you can’t cover your total tax balance, there are options for the remaining taxes owed, according to the agency.For most tax filers, April 15 is the due date for federal returns and taxes. But your federal deadline could be later if your state or county was impacted by a natural disaster.If you are in the military stationed abroad or are in a combat zone during the tax filing season,…
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025.Steven Hirsch | Via ReutersLawyer for Luigi Mangione on Friday asked a federal judge in New York to block prosecutors from seeking to impose the death penalty if he is convicted of murdering UnitedHealthcare CEO Brian Thompson.Mangione’s attorneys said U.S. Attorney General Pam Bondi had violated his rights to due process by abandoning normal procedures for seeking the death penalty, and that Bondi had prejudiced the…
A shift in the atmosphereMs. Petrova’s return flight from Paris landed in Boston on the evening of Feb. 16. As the plane sat on the tarmac, she texted back and forth with Dr. Peshkin, trying to confirm how she should handle the package in customs. But by then, the passengers were already filing off the plane, he said, and Ms. Petrova cut short the conversation.At first, Ms. Petrova said, her re-entry felt normal. At passport control, an officer examined the J-1 visa that Harvard had sponsored, identifying her as a biomedical researcher. The officer stamped her passport, admitting her to…
Wells Fargo on Friday morning reported a mixed first quarter with misses across key revenue lines, offset by lower expenses and better provisions. While the economic outlook remains cloudy due to tariffs and trade wars, we’re willing to look through these results because of a key catalyst on the horizon. Total revenue for the three months ended March 31 fell 3.4% year over year to $20.15 billion — missing analysts’ expectations of $20.75 billion, according to market data provider LSEG. Earnings per share of $1.39 per share exceeded Wall Street’s consensus estimate of $1.24 per share, LSEG data showed. On…
Stocks with less inherent exposure to an economic slowdown could be a good addition to investors’ portfolios as global trade worries increase, according to Jefferies. The market has taken investors on a roller-coaster ride this week, with Thursday’s session wiping out a sizable chunk of Wednesday’s historic rally . The volatility is not expected to subside anytime soon either, as a timeline on the progress of U.S. trade negotiations remains uncertain, as does the economic effect that a trade war could bring about. “The current macro backdrop calls for a different tack than the classic cyclicals vs. defensives or straightforward…
