Month: May 2025
Tariffs didn’t bite the stock market in May, but June could be a different story
The strong performance for stocks in May could be a sign that Wall Street has decided to shrug off President Donald Trump’s tariff plans, but there are some reasons to think the impact on trade will be harder to avoid in the months ahead. For one, global trade does not appear to have found a […]
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Trump will hold a rally at U.S. Steel as investors seek clarity on Nippon deal. Here’s what we know
President Donald Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, a week after signaling that he had cleared a controversial merger with Japan’s Nippon Steel. Trump is scheduled to deliver remarks at 5 p.m. ET at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania, according to the White House. Investors […]
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Elon Musk deflects question about report of drug use, family drama as Trump looks on
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Tesla CEO Elon Musk on Friday deflected a reporter’s effort to ask the mega-billionaire about a New York Times article detailing his alleged […]
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Taylor Swift buys back rights to the master recordings of her first 6 albums
Taylor Swift performs on stage during the “Taylor Swift | The Eras Tour” at Wembley Stadium on June 21, 2024 in London, England. Jo Hale | Redferns | Getty Images Taylor Swift now controls her entire music catalog after she bought back the master recordings of her first six albums. “I’m trying to gather my […]
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Bitcoin heads for winning month despite return of trade war fears: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, cryptocurrencies slip alongside a pullback on Wall Street driven by trade concerns. Plus, Michael Saylor of Strategy reacts to the rise of corporations buying bitcoin. And, NBA star Tristan Thompson discusses the latest on his […]
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Tesla shares set to wrap strong May as Elon Musk ends time with Trump’s DOGE
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas. CNBC Shares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his businesses than politics. Tesla shares are on track […]
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This is why Jamie Dimon is so gloomy on the economy
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan […]
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Trump, Elon Musk to hold joint event as DOGE loses its leader, top staffers
President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the so-called Department of Government Efficiency. Musk’s scheduled departure comes at a precarious moment, both for DOGE and for his relationship with the president. Multiple top staffers […]
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China calls out Trump for ‘abuse’ of semiconductor export controls
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. […]
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Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue […]
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