Author: Daniel snow

[ad_1] 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 Tuesday’s key moments. 1. The stock market is lower on Tuesday, with the S & P 500 coming off a small gain Monday for its sixth positive session in a row. Trading was again choppy after Moody’s late Friday downgraded its rating on U.S. government debt. The 10-year Treasury yield briefly peaked above 4.5% again Tuesday. With all of the many differentiating data and messages on the state of the economy, Jim Cramer said, “We should just…

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[ad_1] President Donald Trump arrives for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Tasos Katopodis | Getty Images News | Getty Images President Donald Trump failed during a visit Tuesday to Capitol Hill to sway key Republicans from blue states to drop opposition to a major tax bill, which they say does not go far enough in boosting so-called SALT deductions for their constituents.Opposition to the bill from the “SALT Caucus” threatens to derail the tax legislation, which Trump and House Speaker Mike Johnson, R-La., hope to see passed before Memorial Day weekend.This…

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[ad_1] A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | ReutersLast month, Walmart downplayed how much President Donald Trump’s tariffs would affect its business in front of a large audience of investors. CEO Doug McMillon pointed to other challenging times that the company had weathered — like the aftermath of 9/11 — and the CEO of its international business didn’t even bring up trade during a panel with global corporate leaders.The largest U.S. retailer struck a much different tone Thursday. On its earnings call and in CNBC interviews about its quarterly results, the company…

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[ad_1] Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.Calvin Sit | Bloomberg | Getty ImagesChinese-born crypto mogul Justin Sun says he’s the top holder of the $TRUMP meme token and will be having dinner with President Donald Trump.The dinner competition — a sweepstakes offering gala access to the sitting U.S. president — was open to anyone in the world willing to spend millions of dollars on a digital coin tied to Trump.Late Monday night, Sun posted on X that he had secured the top spot in the $TRUMP token leaderboard, which…

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