Rebecca Patterson: These three things are driving dollar weakness
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CNBC
24 minutes ago
- CNBC
CNBC Daily Open: 'Peace' can look different to Trump, Putin and Zelenskyy
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow's war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a "listening exercise" that allowed Trump to get a "better understanding of how we can hopefully bring this war to an end." Prior to the summit, analysts were already casting doubt on the talks advancing any real ceasefire in Ukraine. "Let's be clear, Putin does not take Trump seriously," Tina Fordham, founder of Fordham Global Foresight, told CNBC. And the fact that the summit was scheduled — and Putin invited to Alaska, the first time he stepped on U.S. soil in about a decade — was already a "big win" for the Kremlin leader, according to a comment by Richard Portes, head of the economics faculty at the London Business School, before the meeting took place. While no agreement was reached, Trump on Friday described the meeting as "very productive" — and announced the next day that he would be pursuing a "peace agreement" rather than a ceasefire between Russia and Ukraine. But peace means very different things to the Ukraine, Russia and America. To one, it could be the complete halt of armed warfare and the retreat of foreign troops from its soil. To another, it might seem like acquiring annexed territory. And for some, it might look like a shiny golden coin engraved with the profile of Alfred Nobel, regardless of the prerequisites. Trump-Putin summit yields no ceasefire agreement. On Saturday, Trump said he would be pursuing a "peace agreement" between Ukraine and Russia. Putin has agreed that the U.S. and European nations could give Ukraine "Article 5-like" security guarantees, the White House said Sunday. OpenAI in share sales talk that would value it at $500 billion. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a source. The Dow Jones Industrial Average outperforms. Major stock indexes ended Friday mixed, with the Dow Jones Industrial Average rising a fractional 0.08%. Europe's Stoxx 600 index ticked down marginally and closed near the flatline. A trip by U.S. trade officials to India has been called off. The visit, which was expected to take place between Aug. 25 and Aug. 29, will likely be rescheduled, according to Indian news broadcaster NDTV Profit. [PRO] Fedspeak to parse for the week. Minutes for the U.S. Federal Reserve's August meeting come out Wednesday, while Fed Chair Jerome Powell will speak at Jackson Hole, a symposium of economic policy, on Friday. They may give clues on policy path. Tech IPOs are roaring after 'years of Prohibition' — it may be too good The Bullish IPO last week took on added significance, perhaps because of the company name. When shares of the Peter Thiel-backed cryptocurrency exchange more than doubled out of the gate on Wednesday before finishing the day up 84%, it was the latest sign that the tech IPO bulls are back in business. But Lise Buyer, founder of IPO advisory firm Class V Group, warns that tech markets have a history of overheating.
Yahoo
4 hours ago
- Yahoo
FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. FedEx Corporation (NYSE:FDX) is one of the largest courier and transportation companies in the world. Its shares have lost 17% year-to-date as weak earnings reports, coupled with trade and tariff uncertainties, have affected them. FedEx Corporation (NYSE:FDX) has also suffered due to the Trump administration's decision to revoke the de minimis exemptions, which meant that the volume of shipments sent to the US dropped significantly. In his previous remarks about FedEx Corporation (NYSE:FDX), Cramer has praised the firm's CEO. This time, he commented on the firm's warehouse operations: 'So I think that, there isn't anything in my mind that says that, you take warehouses being up, that employing people in warehousing and then you look at FedEx, which has got a gigantic warehouse in the Boston area with no people.' Previously, the CNBC TV host was full of praise for FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam: 'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?' While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 hours ago
- Yahoo
Ralph Lauren Corporation (RL)'s Isn't 'As Analogous' To Tapestry As You Think, Says Jim Cramer
We recently published . Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed. Ralph Lauren Corporation (NYSE:RL)'s shares dipped by 3.9% in August after peer firm Tapestry warned that it would have to take a $160 million hit to its income statement due to tariffs. Like Tapestry, Ralph Lauren Corporation (NYSE:RL) is also a luxury apparel retailer, and investors were worried that business similarities between the two could also affect the firm's operations. Cramer's previous comments about Ralph Lauren Corporation (NYSE:RL) have praised the firm's latest earnings call but warned that investors were in no mood for stocks with tariff exposure. Here are his latest thoughts: 'Ralph Lauren getting hit for 12 off of Tapestry. And not really as analogous as you think. Here is what Cramer said about Ralph Lauren Corporation (NYSE:RL) after its latest earnings report: 'Today, something happened on the Ralph Lauren conference call that was a harsh reminder not to expect that this market cares at all about what's already happened. It only cares about what's going to happen next… I gotta tell you, I loved it. Patrice Louvet is an amazing CEO, and Ralph Lauren's been a terrific performer, a real standout in apparel. The actual quarterly results were phenomenal… Louvet was effusive about the business… which is what made me say this one could be a real winner today on Squawk on the Street. Copyright: nd3000 / 123RF Stock Photo I can't blame anyone, particularly the management of Ralph Lauren, for being cautious. So I buy the weakness in Ralph Lauren, but you have to recognize that this market is rushing headlong toward the stocks of companies with no tariff exposure and away from companies like Ralph Lauren.' While we acknowledge the potential of RL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
