Author: franperez66q@protonmail.com
The stock market continues to bet on some sort of a resolution to the war with Iran, but there are no shortages of other risks heading into a new month. Stocks ended the month of May at all-time highs, continuing their rebound off the March lows on growing confidence that the Strait of Hormuz will reopen soon. This week gave some hint into what a response to a resolution would be like, as bond yields declined, oil prices retreated and the major stock averages rallied on hopes the Trump administration is nearing a peace deal. The Nasdaq Composite was up…
Meta paid $9 million to settle Kentucky school district’s lawsuit over social media harms, records show Source link
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. Club holding Costco’s stock fell 4.5% Friday as investors zeroed in on softer-than-expected membership growth in the retailer’s quarterly report . Jim said management’s commentary on the earnings call failed to reassure Wall Street that Costco can reaccelerate member growth. “When you have a stock down this much, you’d better come up with answers,” Jim said. “I would have liked more ownership of what went wrong.” While Costco remains a strong business, Jim said…
There are a range of options Rhun ap Iorwerth could take – but so far he has committed to none of them. Source link
CNBC’s Jim Cramer said next week could bring key answers for technology stocks after a blockbuster quarter from Dell Technologies added to the enthusiasm around the data center trade.”When we look back, I wonder if we’ll say this was that moment when Dell simply took over the computer space” the “Mad Money” host said Friday, calling the company’s latest earnings one of the biggest “blowouts” he can recall.Tech has dominated the market this year, particularly companies tied to artificial intelligence infrastructure. But he said that one notable laggard has emerged: Nvidia. That could begin to change next week when CEO…
Airlines and business groups warn of chaos if US restricts international flights Source link
The Trump administration is refusing to repatriate Americans exposed to Ebola amid the outbreak still raging in the Democratic Republic of the Congo. But the plan to send US citizens to Kenya has hit a snag, and officials are still scrambling to find other countries that might take them. Earlier this week, it was revealed that the administration had devised a plan to establish a makeshift quarantine and treatment facility in Kenya—instead of bringing its citizens home for high-quality care at specialized facilities built for this purpose. According to the initial plans, the US facility would be in Laikipia, about…
United Airlines planes sit on the tarmac at Newark Liberty International Airport in Newark, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty ImagesAirline, hotel and other industry groups are urging the White House and top Trump administration officials to abandon a proposal that would cut off immigration processing at major airports, including Newark Liberty International Airport in New Jersey, a United Airlines hub.United CEO Scott Kirby was set to discuss the proposal with Homeland Security Secretary Markwayne Mullin to convey the disruptions the policies could cause to travelers, according to two people familiar with the previously…
Bent oil posted its biggest monthly loss in six years as traders hoped that the U.S. and Iran are nearing a deal that will reopen the Strait of Hormuz. The international oil benchmark fell more than 19% in May, its worst month since March 2020 when the Covid-19 pandemic closed economies. U.S. West Texas Intermediate crude prices shed nearly 17% in May, its worst performance since April 2025.Prices fell Friday after President Trump said he would meet in the White House Situation Room to make a final determination about an agreement with Iran. West Texas Intermediate lost 1.73% to close at $87.36…
Yum Brands in exclusive talks to sell Pizza Hut to LongRange, Bloomberg News reports Source link