Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks edged down slightly Wednesday as investors awaited several major earnings reports after the bell, including quarterly results from Nvidia and Salesforce . The muted market action followed a strong S & P 500 rally on Tuesday, driven by President Donald Trump’s decision to postpone the 50% tariff on European Union imports that he had threatened the previous Friday. Exiting TAVR : Boston Scientific announced in a filing Wednesday that…
Author: usaeverydaylife
Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016.Tomas Benedikovic | Afp | Getty ImagesA Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said.The Specialised Criminal Court ruled Kazimir must pay a 200,000 euro ($225,620) fine, or face a one-year prison sentence, Judge Milan Cisarik said.The verdict can be appealed and therefore does not force Kazimir out of office.Kazimir, who is a member of the ECB’s rate-setting governing council, did not attend the ruling while on a business trip to…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesU.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda.The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries.The Manhattan-based court not only ordered a permanent halt to most of Trump’s tariffs, but also barred…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link
India is set to become the world’s fourth-largest economy.Dinodia Photo | Corbis Documentary | Getty ImagesThis report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CETThe big storyA…
Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty ImagesBEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market.Industry giant BYD last week announced a slew of discounts — some of nearly 30% or more — across several of its lower-end battery-only and hybrid models. The budget-friendly Seagull compact car saw its price drop to 55,800 yuan ($7,750).Other major Chinese automakers have begun following suit.”BYD’s action this time has made…
Deepseek’s logo on Jan. 29, 2025.Andrey Rudakov | Bloomberg | Getty ImagesChinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value…
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025.Saul Loeb | Afp | Getty Images U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the “TACO” theory, or “Trump Always Chickens Out.”The walk-backs on tariffs has largely been a positive for markets. Now, a federal court has struck down his “reciprocal” tariffs — the same that were put on hold by Trump — lifting U.S. futures.Markets in extended…
German defense firm Renk looks to struggling auto sector for new talent as it scales upTank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising geopolitical tensions and soaring military spending.Earlier this year Germany passed a historic fiscal package that enabled a steep increase in the defense spending capabilities of Europe’s largest economy. The 27-member state bloc is scaling up its defense efforts amid the war in Ukraine and the increasingly strained transatlantic security partnership.Renk, a global leader in creating gear boxes for tanks, is among the defense…
Higher bond yields appeared to help put a damper on the stock market’s strong start to the week on Wednesday, with the 30-year Treasury yield pushing back toward the 5% level as the S & P 500 stalled. The tepid day for equities came after Robert Sluymer, technical strategist at RBC Wealth Management, warned in a note to clients Tuesday that higher interest rates are a looming threat for the stock market. “The key risk we see for equities is the path of interest rates, and while a near-term pullback from important technical levels appears to be taking hold, a…
