All posts tagged: Stock markets

Jensen Huang joins Trump’s China trip after the U.S. president called the Nvidia CEO

Jensen Huang joins Trump’s China trip after the U.S. president called the Nvidia CEO

Published by Sam Flores

Jensen Huang, CEO of Nvidia speaks with CNBC on May 5, 2026. CNBC BEIJING — Nvidia CEO Jensen Huang has joined U.S. President Donald Trump’s trip to China, after initial indications the executive had not been invited. After seeing the media coverage of Huang’s absence from the delegation, Trump called the Nvidia executive and asked him to join, a source familiar with the situation told CNBC. Huang flew to Alaska to board Air Force One, the source said. Trump is bringing more than a dozen U.S. executives to Beijing this week where he is scheduled to meet with Chinese President Xi Jinping Thursday and Friday. “Jensen is attending the summit at the invitation of President Trump to support America and the administration’s goals,” a spokesperson for the chip giant said in a statement. Nvidia referred to the same comment when asked about Huang joining mid-journey in Alaska, but did not provide a reason. The White House did not immediately respond to a request for comment. In a social media post, Trump confirmed Huang was on …

Powell says he will stay on as head of the Fed until Warsh is confirmed

Powell says he will stay on as head of the Fed until Warsh is confirmed

Published by Sam Flores

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in May, as dictated by the law. Separately, Powell said he will not leave his Board of Governors position, which technically extends until early 2028, until the Department of Justice investigation of him is “well and truly over with transparency and finality.” Powell said during his Wednesday press conference that he would serve as “chair pro tem” if Warsh, President Donald Trump’s pick to take over the role, has not been greenlighted by the Senate. That follows precent done in several past scenarios, Powell said. The Fed chief’s position on the Board of Governors is separate from his chairmanship. Powell said he wouldn’t exit the board until …

Hyatt Chairman Pritzker leaves board over Epstein ties

Hyatt Chairman Pritzker leaves board over Epstein ties

Published by Sam Flores

Thomas Pritzker, executive chairman of Hyatt Hotels Corp., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 2, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Dania Maxwell/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hyatt Hotels Chairman Thomas Pritzker said Monday that he would retire and renounced his relationship with sex predator Jeffrey Epstein. Pritzker will leave his post as the hotel chain’s executive chairman — a role he’s held for more than two decades — immediately, he said in a statement released by the Pritzker Organization. The 75-year-old billionaire Hyatt heir said he would not seek reelection to the board at the annual stockholder meeting. “My job and responsibility is to provide good stewardship. That is important to me,” Pritzker said in the statement. “Good stewardship includes ensuring a proper transition at Hyatt.” Pritzker said he has “regret” over his connection …

Gov. Walz calls on Trump to halt ICE operations in Minnesota after fatal shooting

Gov. Walz calls on Trump to halt ICE operations in Minnesota after fatal shooting

Published by Sam Flores

A federal agent cordons off the area as people gather at the scene of a shooting involving federal immigration agents in Minneapolis, Minnesota, on Jan. 24, 2026. Tim Evans | Reuters Minnesota Gov. Tim Walz on Saturday called on President Donald Trump to end sweeping Immigration and Customs Enforcement (ICE) operations in the state after a second fatal shooting this month by federal agents in Minneapolis. “I just spoke with the White House after another horrific shooting by federal agents this morning,” Walz wrote in a post on X. “Minnesota has had it. This is sickening. The President must end this operation. Pull the thousands of violent, untrained officers out of Minnesota. Now.” At a briefing Saturday afternoon, Minneapolis Police Chief Brian O’Hara said authorities had identified the victim as a 37-year-old white male and Minneapolis resident, adding that the man had no known criminal history beyond traffic citations. The man was later identified as ICU nurse Alex Pretti by his parents and the Associated Press. “The only interaction that we are aware of with …

Greenland framework reached with NATO, backing off tariffs

Greenland framework reached with NATO, backing off tariffs

Published by Sam Flores

President Donald Trump on Wednesday said he and NATO Secretary General Mark Rutte have “formed the framework of a future deal with respect to Greenland.” Trump said that as a result of that negotiation, he would no longer impose punitive tariffs on a slew of European countries that were set to begin Feb. 1. In an interview with CNBC’s Joe Kernen minutes after posting the statement, Trump described the Greenland framework as the “concept of a deal.” Asked for more details about the proposal, Trump said, “it’s a little bit complex but we’ll explain it down the line.” But he suggested that the framework involves mineral rights for the U.S., as well as the Trump administration’s proposed “Golden Dome” missile defense system. “They’re going to be involved in the Golden Dome, and they’re going to be involved in mineral rights, and so are we,” Trump told Kernen. Asked to confirm that the tariffs were no longer coming next month, Trump said, “No, we took that off because it looks like we have, pretty much the …

Trumpt threatens to sue JPMorgan Chase for ‘debanking’ him

Trumpt threatens to sue JPMorgan Chase for ‘debanking’ him

Published by Sam Flores

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol. “I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting,” Trump said in a social media post. “The Election was RIGGED!” JPMorgan and the White House didn’t immediately respond to CNBC’s request for comment. In August, Trump signed an executive order requiring banks to ensure they are not refusing financial services to clients based on religious or political beliefs, a practice known as “debanking.” Trump claimed in a CNBC interview in August, without providing evidence, that he was personally discriminated against by banks. He said JPMorgan Chase and Bank of America refused to take his deposits following his first term in …

No dividends, stock buybacks for defense companies

No dividends, stock buybacks for defense companies

Published by Sam Flores

President Donald Trump on Wednesday said he “will not permit” defense companies to issue dividends or stock buybacks until those firms speed up their production of military equipment and address his other complaints about the industry. Trump, in a lengthy Truth Social post, also took aim at defense contractors’ executive pay packages, calling them “exorbitant and unjustifiable.” “Defense Companies are not producing our Great Military Equipment rapidly enough and, once produced, not maintaining it properly or quickly,” he wrote. Until those companies build new production plants, “no Executive should be allowed to make in excess of $5 Million Dollars,” Trump declared. Shares of General Dynamics, Lockheed Martin and Northrop Grumman each fell about 3% following Trump’s comments. Trump later singled out Raytheon as “the least responsive to the needs of the Department of War, the slowest in increasing their volume, and the most aggressive spending on their Shareholders rather than the needs and demands of the United States Military.” He said that the Pentagon will cut its business ties with Raytheon unless it “steps up” …

Congressional stock trading ban bill to get vote: Republicans

Congressional stock trading ban bill to get vote: Republicans

Published by Sam Flores

House Republican leaders on Thursday committed to a vote in the new year on legislation to ban members of Congress from owning or trading individual stocks. But the proposal likely will not include a provision that would ban stock trading or ownership by President Donald Trump or future presidents. House Majority Leader Steve Scalise, R-La., said members had been working for months on a bill that would move through committee and get a vote on the floor. “We want to get that done,” Scalise said. He did not say whether the legislation would extend to the executive branch, a sticking point for Democrats who want to prioritize that. Others said it likely would not. “This would just address Congress,” said Rep. Nancy Mace, R-S.C., as she left a meeting with Speaker Mike Johnson, R-La., and other Republicans like her who want a trading ban. Rep. Anna Paulina Luna, R-Fla., said, “We will be getting a vote on the floor sometime in January … no more insider trading.” Leadership’s commitment comes a day after House Democrats …

Trump Media to merge with fusion company TAE Technologies

Trump Media to merge with fusion company TAE Technologies

Published by Sam Flores

Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. Trump Media shares — which have plummeted more than 75% since their January peak — rocketed 33% higher after the opening bell. The major pivot for Trump Media, which operates President Donald Trump’s social media platform, Truth Social, comes as America’s race against China for artificial intelligence superiority has fueled massive energy demand. There are currently no commercial plants producing electricity using fusion, a futuristic technology that carries the potential to generate abundant energy without the risks associated with nuclear power. Stock Chart IconStock chart icon Trump Media ($DJT) Stock Price The merger would create “one of the world’s first publicly traded fusion companies,” according to a press release. Trump Media “has agreed to provide up to $200 million of cash to TAE at signing and an additional $100 million is available” …