Investment strategy
Bill Ackman praises Trump’s tariff pause: ‘Thank you on behalf of all Americans’
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Hedge fund mogul Bill Ackman let out a sigh of relief after President Donald Trump temporarily dropped some of […]
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Goldman forecast a recession, then almost immediately rescinded it after Trump tariff pause
Goldman Sachs walked back a recession forecast Wednesday shortly after President Donald Trump announced a 90-day tariff “pause” on dozens of trading partners. The firm’s call came amid a broader market surge Wednesday afternoon, as investors cheered the news after an extremely volatile trading period for U.S. markets. Trump’s pause implies that the tariff level […]
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Bitcoin surges more than 7% in broad market relief rally as Trump pauses some tariffs
Jakub Porzycki | Nurphoto | Getty Images Bitcoin spiked on Wednesday afternoon after President Donald Trump said on social media that he authorized a 90-day pause on tariffs. The price of the flagship cryptocurrency was last higher by more than 7% at $82,350.37, according to Coin Metrics. Earlier, it fell as low as $74,567.02 as […]
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Treasury Secretary Bessent says ‘it’s Main Street’s turn’ after Wall Street grew wealthy for 4 decades
Treasury Secretary Scott Bessent arrives for a meeting on the House side of the U.S. Capitol on Tuesday, April 8, 2025. Brendan Smialowski | Afp | Getty Images Treasury Secretary Scott Bessent said Wednesday President Donald Trump’s aim is for Main Street businesses and consumers to thrive even as the administration’s shockingly steep tariffs could tip […]
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Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: ‘I don’t think that’s a thing’
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn’t sold. “I don’t think that’s a thing,” Martin said on CNBC’s “The Exchange” on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone […]
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U.S. financial regulator says email hack exposed sensitive data on banks
Key Points The Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems qualified as a “major incident” and exposed “highly sensitive information.” The breach involved information related to the “financial condition of federally regulated financial institutions used in its examinations and supervisory oversight processes.” Source
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10 beaten-up stocks that are candidates for a rebound — but all are not created equal
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are struggling to hold onto gains Tuesday with the market well off its highest levels of the session. Deeply oversold conditions combined with some […]
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U.S. crude oil falls below $60 per barrel as selloff continues on fears of full-blown trade war
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Pavel Mikheyev | Reuters Crude oil futures fell Tuesday, adding further to already steep losses on fears that President Donald Trump’s sweeping tariffs will trigger a full-blown, global trade war. U.S. […]
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Why bitcoin is showing ‘impressive’ resilience through tariff tumult, according to Bernstein
While recession fears and uncertainty about President Donald Trump’s tariff plans have taken stocks for a ride, bitcoin’s resilience through it all “has been nothing but impressive,” according to Bernstein. Bitcoin lost about 7% from last Thursday — the day after Trump revealed his sweeping tariffs plan — to this Monday. During the same period, […]
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Hard-hit Apple bounces back with the market, and an analyst is divided on our drug stocks
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. Wall Street surged Tuesday on increased hopes of tariff deals, following a wickedly volatile session Monday. The Dow Jones Industrial Average climbed around 1,400 points, or 3.7%. The S […]
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