Author: Daniel snow
U.S. President Donald Trump gestures at the annual National Memorial Day Observance in the Memorial Amphitheater, at Arlington National Cemetery in Arlington, Virginia, U.S., May 26, 2025. Ken Cedeno | ReutersU.S. President Donald Trump said Tuesday he welcomed the European Union, after he agreed to delay a 50% tariff on goods from the bloc until July 9.”I have just been informed that the E.U. has called to quickly establish meeting dates,” Trump wrote in a post on the Truth Social platform.”This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the…
The consumer confidence index jumped to 98 in May from a revised 85.7 in the prior month, the Conference Board said Tuesday, the first gain after five straight months of decline. Source link
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesTesla shares gained about 5% on Tuesday after CEO Elon Musk over the weekend reiterated his intent to home in on his businesses ahead of the latest SpaceX rocket launch.The billionaire wrote in a post to his social media platform X that he needs to be “super focused” on X, artificial intelligence company xAI and Tesla as they launch “critical…
Don’t expect upside to Nvidia’s guidance as China restrictions come into play, one analyst said. Source link
Japan’s Nippon Steel is expected to acquire U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion of investment over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.President Joe Biden had blocked Nippon’s bid for U.S. Steel on national security grounds, arguing that the deal will potentially jeopardize critical supply chains. But Trump ordered a new review of the proposed acquisition in April, despite his…
AutoZone’s third-quarter earnings were below Wall Street’s expectations, and growth in U.S. same-store sales offset weakness internationally. Source link
National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to “harm Apple” with tariffs.”Everybody is trying to make it seem like it’s a catastrophe if there’s a tiny little tariff on them right now, to try to negotiate down the tariffs,” Hassett told CNBC’s “Squawk Box” on Tuesday. “In the end, we’ll see what happens, we’ll see what the update is, but we don’t want to harm Apple.”Hassett’s comments come after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Apple has historically manufactured its products…
A MoffettNathanson analyst is cautious on CoreWeave shares but says that “attempting to trade this move appears exceptionally dangerous.” Source link
With a base salary of $240,000 and an expected total income of $400,000 in 2025, Fares Ksebati could be living quite well in his hometown outside of Detroit.The median household income in Wayne County, Michigan — where Detroit is located — is just under $60,000 a year, according to Census Bureau data. Homes there sold for a median of just $100,000 in April 2025, according to RedFin.But the 33-year-old founder and CEO of MySwimPro recently bought an apartment in Dubai, where he has lived for six months out of the year since 2024.”I first came to Dubai in 2021, and…
Even financial advisers can believe they know it all. Source link