CNBC’s Jim Cramer reviewed Monday’s market action, chalking up the day’s performance to expectations about the White House’s next move. He advised that investors prepare for turbulence, even as some on Wall Street continue to have optimism about President Donald Trump’s impact on big business.”We have to be ready for disappointment, because we’ve seen it over and over and over again,” he said. “This administration is perfectly willing to disappoint the stock market…to advance their agenda, and it’s foolish that you should believe otherwise.”According to Cramer, the past two sessions have been shaped by changing notions of trade relations between…
Author: usaeverydaylife
The Cleveland Cliffs Cleveland Works steel mill facility in Cleveland, Ohio, on Oct. 20, 2024.Dustin Franz | Bloomberg | Getty ImagesMajor steel stocks jumped Monday after President Donald Trump hiked tariffs tied to the metal.Shares of mining company Cleveland-Cliffs popped roughly 22% following the announcement, while Steel Dynamics jumped more than 13% and Nucor was up more than 12%. The VanEck Steel ETF (SLX) rose more than 3%.Trump said Friday at a Pennsylvania rally he would double tariffs on steel imports to 50% from 25%, a move that inflamed trade tensions again and drew criticism from global partners.”We are going…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Eisman, “The Real Eisman Playbook” podcast host, joins ‘Fast Money’ to talk avoiding risk in the markets, the bond market, gold, tariffs, and much more. Source link
JIMO, CHINA – MAY 21: Car bodies are assembled at a factory of FAW-Volkswagen Automotive Co., Ltd Qingdao Branch on May 21, 2025 in Jimo, Qingdao City, Shandong Province of China. Visual China Group | Getty ImagesChina’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey showed on Tuesday, as the decline in new export orders quickened, reinforcing calls for stronger stimulus to prop up growth in the tariff-hit economy.The Caixin/S&P Global manufacturing purchasing managers’ index came in at 48.3, missing Reuters’ median estimate of 50.6. It fell below 50, the mark that separates…
The stock market has rebounded back above its April 2 levels before the impact of President Donald Trump’s tariffs have fully hit the economy, and that could leave equities vulnerable if the data does start to sour. JPMorgan Strategist Mislav Matejka warned in a note to clients on Monday that the rebound since early April was boosted by some technical factors that no longer apply and that valuations are “stretched.” “Positioning is not cautious anymore, short covering was significant and the systematic rerisking took place, … future equity moves should be more driven by fundamental outcomes, rather than technicals,” Matejka…
The ‘Fast Money’ traders talk pain in the housing trade. Source link
Staff of the Federal Emergency Management Agency were left baffled on Monday after the head of the U.S. disaster agency said during a briefing that he had not been aware the country has a hurricane season, according to four sources familiar with the situation.The U.S. hurricane season officially began on Sunday and lasts through November. The National Oceanic and Atmospheric Administration forecast last week that this year’s season is expected to bring as many as 10 hurricanes.The remark was made by David Richardson, who has led FEMA since early May. It was not clear to staff whether he meant it literally, as…
Elon Musk laughs during a press event with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025.Allison Robbert | AFP | Getty Images In his first week away from the U.S. government’s so-called Department of Government Efficiency, Elon Musk is seeing positive activity in his companies. His brain tech startup Neuralink announced a $650 million funding round, while his electric vehicle manufacturer Tesla in May enjoyed a 213% year-on-year jump in sales in Norway.Of course, the causal link between those events and Musk’s departure from DOGE is tenuous. The funding process…
The ‘Fast Money’ traders talk struggles in the bond market. Source link
The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. Win Mcnamee | Getty Images News | Getty ImagesThe U.S. Department of Education is pausing its plan to garnish people’s Social Security benefits if they have defaulted on their student loans, a spokesperson for the agency tells CNBC.”The Trump Administration is committed to protecting Social Security recipients who oftentimes rely on a fixed income,” said Ellen Keast, an Education Department spokesperson.The development is an abrupt change in policy by the…
