Market whiplash over Trump trade policy: ‘They’re making this up as they go along’
They may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to...
Energy Sec Rick Perry says ‘stubborn opposition’ to fossil fuels risks keeping billions in poverty
“Stubborn opposition” to fossil fuels is standing in the way of lifting billions of people out of poverty, U.S. Energy Secretary Rick Perry told a major gathering of natural gas professionals on Tuesday. Perry is spearheading President Donald Trump’s goal...
Consumer confidence falls in June despite expectations for gains
Consumer confidence fell well below economists’ expectations in June, fueled by a bleak outlook for U.S. economic conditions. The Confidence Board’s index dropped to 126.4 from a revised 128.8 in May. The index was expected to hit 128.1, according to...
Your first trade for Tuesday, June 26
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of General Mills. Karen Finerman was a buyer of Walmart. Steve Grasso was a buyer of Netflix. Guy Adami was a buyer of...
Bitcoin bounces back, but prices could fall again, venture capitalist says
Bitcoin bounced back Monday after falling below $6,000 on Friday. But blockchain venture capitalist Spencer Bogart, who said he’s “super bullish on crypto right now,” told CNBC that prices will likely go lower. “If we go back to the summer...
Bitcoin bounced back, but prices could fall again, venture capitalist says
Bitcoin bounced back Monday after falling below $6,000 on Friday. But blockchain venture capitalist Spencer Bogart, who said he’s “super bullish on crypto right now,” told CNBC that prices will likely go lower. “If we go back to the summer...
Trade advisor Navarro says no plans for investment restrictions on China, other countries
Peter Navarro, one of President Donald Trump’s top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries. Navarro told CNBC that the administration...
Trump’s tariffs on auto imports will hurt entire industry — including General Motors, Ford: Moody’s
The proposed U.S. tariffs on car imports will have far reaching negative implications for the whole auto industry, according to Moody’s Investors Service. The research firm said higher tariffs will cause problems across the car industry’s global supply chain. “Tariffs...
Treasury Secretary Mnuchin says investment restrictions will apply to ‘all countries that are trying to steal our technology’
Treasury Secretary Steven Mnuchin said Monday that a forthcoming statement from the government related to reports of investment restrictions will apply to China and other countries that threaten U.S. intellectual property rights on technology. “On behalf of @realDonaldTrump, the stories...
US new home sales surge in May
Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. The Commerce Department said on Monday new home sales jumped 6.7 percent to a...
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