Author: Daniel snow

Trump announces 25% tariffs on Japan, South Korea in first U.S. trade letters

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U.S. President Donald Trump walks after disembarking Marine One as he arrives at the White House in Washington, D.C., U.S., July 6, 2025. Ken Cedeno | ReutersThe United States will impose 25% blanket tariffs on imports from Japan and South Korea starting Aug. 1, President Donald Trump revealed Monday.Trump, in a pair of Truth Social posts, shared screenshots of letters apparently sent to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung dictating the new tariff rates.Zoom In IconArrows pointing outwardsU.S. President, Donald Trump’s letter to President of the Republic of Korea.Donald Trump via Truth SocialZoom In IconArrows…

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We’re booking profits in a top-performing bank stock in an extremely overbought market

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We’re selling 20 shares of Goldman Sachs at roughly $717. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 220 shares of GS, decreasing its weighting to about 4.35% from about 4.75%. We are scrutinizing the portfolio, reviewing every position to determine if we are being too greedy following the recent strength in the broader stock market. After last Thursday’s rally, the S & P Short Range Oscillator, a technical tool that measures the buying and selling pressure in the market, increased to 8.25%. This signifies a highly overbought market. For reference, anything above 4% indicates the market is overbought…

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S— You Should Care About 27-year-old co-founder on building a media empire

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Lucy Blakiston used to think working in media meant living a glitzy life wearing kitten heels, getting her nails done and working from chic offices.Instead, the 27-year-old runs her media empire, S— You Should Care About, from her bedroom in Wellington, New Zealand, where she lives with six of her hometown friends and prefers the quieter life.The cheerful room is “where the magic happens,” Blakiston tells CNBC Make It. It’s where, starting at 5 a.m., she writes her daily newsletter that covers political and pop culture news for some 80,000 readers around the world, and posts updates to an Instagram…

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Robinhood stock tokens face scrutiny in the EU after OpenAI warning

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Avishek Das | SOPA Images | Lightrocket | Getty ImagesLithuania’s central bank on Monday said it has contacted Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the product last week.”We have contacted Robinhood and are awaiting clarifications regarding the structure of OpenAI and SpaceX stock tokens as well as the related consumer communication,” Bank of Lithuania spokesman Giedrius Šniukas told CNBC via email.”Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments. The information for investors must be provided in clear, fair, and non-misleading language.”The Bank…

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Trump administration teases trade deals before tariff deadline

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Treasury Secretary Scott Bessent on Monday said the Trump administration will make “several” trade-related announcements in the next 48 hours, signaling imminent progress even as U.S. tariff deadlines appear to be shifting.Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out the possibility that he could serve as the next chair of the U.S. Federal Reserve, if President Donald Trump asks him to.Bessent said foreign trade officials are rushing to make deals with the United States before July 9, when high tariff rates on dozens of countries’ goods are set to snap back into effect.”We’ve had a…

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