Author: Daniel snow
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street declined on Friday after President Donald Trump threatened Apple and the European Union with tariffs. “I don’t think it’s down enough,” Jim Cramer said, referring to the overall stock market while noting Trump’s high tolerance for market pain as he pushes for trade deals. Lower bond yields on Friday did not help stocks. However, the 10-year Treasury yield was still elevated and above 4.5%. “On these down days, it’s always important to…
Boeing’s fundamentals have been improving, but the recent spike up in the stock seems to be more about investors being afraid not to own it, Vertical Research said. Source link
Immediately after the Trump administration blocked Harvard University on Thursday from enrolling future international students and retaining currently enrolled foreign students, some members of next year’s freshman class started scrambling.”I was on the phone with a parent who was visibly shaken and completely frantic,” said Christopher Rim, president and CEO of college consulting firm Command Education.Rim, who works with a large share of international students from abroad, said a few of his clients were accepted into the Class of 2029 and committed to Harvard on May 1, also known as National College Decision Day, which was just three weeks ago.Now, they don’t know what to do.”This is…
Backup systems can help prevent planes from colliding. Here’s how it all works. Source link
Nearly one in five financial planners opted out of giving a specific response in a recent survey. Source link
Senate Majority Leader Charles Schumer (D-NY) (R) talks with House Minority Leader Hakeem Jeffries (D-NY) while attend an event to mark the 14 anniversary of the passage of the Affordable Care Act at the U.S. Capitol on March 21, 2024 in Washington, DC. Chip Somodevilla | Getty ImagesThe multitrillion-dollar tax and spending package House Republican passed on Thursday contains a multitude of changes that may affect consumers’ finances.But the “One Big Beautiful Bill Act” is missing something health care advocates hoped to see: an extension of the premium tax credits under the enhanced Affordable Care Act that are set to expire…
Should you use AI to plan your retirement? Source link
Also: stock picks outside the U.S., bond-market turmoil and when not to convert to a Roth IRA. Source link
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.Imaginima | E+ | Getty ImagesA protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash to shareholders.Western energy supermajors have long sought to return cash to investors through buyback programs and dividends to keep their shareholders happy. Energy executives have also expressed confidence that they can continue to reward investors following a relatively robust set of first-quarter earnings.Some analysts, however, are less…
OpenAI CEO Sam Altman testifies before a Senate Commerce, Science, and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” on Capitol Hill in Washington, D.C., U.S., May 8, 2025. Jonathan Ernst | ReutersOpenAI’s skyrocketing valuation over the past few years has turned a lot of employees at the artificial intelligence startup into paper millionaires.But when those employees want to donate a portion of their equity to charity, they’ve been unable to do so, according to three people with knowledge of the matter. The company has deprioritized the issue despite employees’ concerns, said the…