Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising stocks — Advertising stocks were lower Monday following a report in the Wall Street Journal that Meta Platforms plans to use artificial intelligence to fully automate its ads by the end of the year. Shares of Omnicom Group lost 4%, while WPP Group and Interpublic…
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Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals.”As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior to that July 9 time frame,” Faulkender said on CNBC’s “Squawk Box.”President Donald Trump on April 9 paused his reciprocal tariffs on most U.S. trade partners for 90-days, pushing implementation of the steep levies to early July.At the time, the Trump administration said they were aiming…
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesGerman antitrust regulators warned Amazon on Monday that the company’s pricing mechanisms for third-party sellers could run afoul of competition laws.The Federal Cartel Office said in its preliminary assessment that Amazon’s pricing controls limit the visibility of merchants’ products and, “based on non-transparent marketplace rules,” interfere with their freedom to set prices.Amazon uses algorithms and statistical models to calculate certain price caps for products, the Cartel Office said.…
Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss Hilton’s demand picture, the impact of tariffs and much more. Source link
Vcg | Visual China Group | Getty ImagesShares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.Nvidia-backed CoreWeave climbed more than 7% following the announcement.Financial terms of the two agreements were not provided, but Applied Digital said it expects $7 billion in total revenue over the approximately 15-year period.”Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure,” said Applied Digital CEO Wes Cummins in a release announcing the news.CoreWeave will provide AI…
The Russian and Ukrainian delegations leave after the second round of Ukraine-Russia peace talks at Ciragan Palace on June 2, 2025 at in Istanbul, Turkey.Chris Mcgrath | Getty Images News | Getty ImagesPeace talks between Russia and Ukraine in Istanbul ended barely an hour after they began on Monday, a day after a massive Ukrainian drone attack on Russia’s nuclear-capable strategic bombers.The talks – the second such direct contacts between the sides since 2022 – had already begun nearly two hours later than scheduled with no explanation of the delay.Although the atmosphere was subdued and dialogue brief, the talks did…
The volatility term structure, which plots implied volatility against different expiration dates for options on the same underlying asset, can reveal when potential catalysts are anticipated by showing how implied volatility varies across time horizons. Implied volatility reflects the market’s expectation of future price movement in the underlying asset until the option’s expiration. Higher implied volatility for a specific expiration suggests the market anticipates a significant price move, often due to a catalyst like earnings reports, economic data releases, or other events prior to that expiration. When the term structure shows a noticeable increase in implied volatility for options expiring…
Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty ImagesByron Allen is putting his broadcast TV stations up for sale.Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.In a news release, Allen said the company has invested over $1 billion into acquiring the…
President Donald Trump and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing.Artyom Ivanov | TASS | Getty ImagesPresident Donald Trump and Chinese President Xi Jinping are likely to speak this week, a senior White House official told CNBC on Monday.The expected discussion follows a series of flare-ups between Washington and Beijing that threaten to derail a tentative trade agreement that the two economic superpowers reached just weeks earlier.The two leaders could speak one-on-one “very soon,” though probably not today, the official said on condition of anonymity.Trade…
US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump surprised markets yet again with an abrupt announcement on Friday that he will hike tariffs on steel imports from 25% to 50% on Wednesday.But while the inflationary impact on U.S. domestic prices is widely expected to be severe, the effect in Europe will be more mixed, according to analysts — with…
