Author: arthursheikin@gmail.com

[ad_1] Washington CNN  —  President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts. Trump on his social media platform wrote that the Fed’s board “should be ashamed of themselves for allowing this to happen to the United States.” However, officials who sit on the Fed’s board aren’t the only ones who vote on policy moves; that also includes five other regional Fed bank presidents. It’s unclear if Trump meant to attack just the board or…

[ad_1] CNN  —  President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country’s unwillingness to buy rice from here. “They won’t take our RICE, and yet they have a massive rice shortage. In other words, we’ll just be sending them a letter, and we love having them as a Trading Partner for many years to come,” Trump said in a post on Truth Social. The president has said recently that his administration will soon send some foreign countries letters telling them what their new tariff rates could…

[ad_1] Netflix is developing tech that could help it personalize not only the recommendations you see on the service but also the videos themselves.Patents issued to Netflix in recent months show the streamer is exploring the creation of customized trailers and interactive movies or shows based on what it knows about its users.One patent, from December, describes how Netflix could develop different trailers for the same movie that could be personalized for each user.”The trailer may highlight movie clips that showcase an actor or actress that the user has shown an interest in, or may highlight certain segments that show the…

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors heading into Monday’s session were looking at financials as the sector outperforms. JPMorgan also breaks down its year-end outlook for stocks. David Zervos’ outlook on financials David Zervos of Jefferies expects financials to be one of the best performing sectors in the second half of 2025. “I’m very optimistic on deal flow and a deregulatory story that starts to hit the energy sector and financial sector,” said Zervos. ” I think…

[ad_1] Investors entered 2025 wildly optimistic after two back-to-back years of 20% stock market gains, only to watch the S&P 500 plunge to the edge of a bear market in April and then rally back to record highs last week. After an eventful first half of the year, Wall Street is buckling up for more volatility in the next six monthsWhile recession risks have gone down, there’s plenty of turbulence in store. The July 9 tariff deadline looms large, and President Donald Trump’s “Big Beautiful Bill” is slowly taking shape. Meanwhile, the Trump-Powell feud continues, and geopolitical risks are still…

[ad_1] Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Broadcom as buy Jefferies raised its price target on the stock to $315 per share from $300. ” AVGO is a leader in infrastructure semiconductors and software.” MoffettNathanson reiterates Apple as sell Moffett said it’s bracing for a difficult earnings report for Apple in late July. “It seems to us, though, that greater uncertainty ought to mean lower multiples. And given the asymmetry of the risks, we’d argue for lower estimates, as well. To date, the market has supplied little of either.” Stifel upgrades Oracle to buy from hold…

[ad_1] Zohran Mamdani, who’s running to be mayor of the city with the most billionaires in the world, said they should not exist.The 33-year-old left-winger, who defeated former New York Gov. Andrew Cuomo to be the Democrats’ New York City mayoral candidate, told NBC News Sunday, “I don’t think that we should have billionaires because, frankly, it is so much money in a moment of such inequality.”He added, “What we need more of is equality across our city, and across our state, and across our country, and I look forward to work with everyone, including billionaires, to make a city…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US dollar is headed for its worst first half of the year since 1973, as Donald Trump’s trade and economic policies prompt global investors to rethink their exposure to the world’s dominant currency.The dollar index, which measures the currency’s strength against a basket of six others including the pound, euro and yen, has slumped more than 10 per cent so far in 2025, the worst start to the year since the end of the gold-backed Bretton Woods system.“The dollar has…

[ad_1] Jefferies sees a rosy outlook ahead for Walt Disney . The bank upgraded shares of the entertainment giant to buy from hold. Analyst Ed Alter also lifted his price target to $144 per share from $100, implying nearly 18% upside from Friday’s close. Alter pointed to the launch of two new cruise ships in the first quarter of next year as a catalyst. Together, these ships could drive incremental revenue up between $1 billion to $1.5 billion. The analyst also applauded Disney’s direct-to-consumer business, especially the content and sports slate offered on its streaming platform, Disney+. Names such as…

[ad_1] New York CNN  —  Lululemon is suing Costco, alleging that the discount wholesaler is selling knockoffs of its $128 pants and other pricey athleisure clothing. In a lawsuit filed Friday, Lululemon said Costco has “unlawfully traded” on the athleisure brand’s “reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel employing knockoff, infringing versions” of its products. Specifically, the Vancouver-based athletic apparel maker says Costco’s private-label line Kirkland is selling similar pants, hoodies and jackets at a fraction of the price. The company accuses Costco of leading customers into believing that the Kirkland-branded “dupes are in fact manufactured…