Bytedance will retain overall control. President trump says he may change his mind about approval. We are joined exclusively by st. Louis fed president James Bullard ahead of jay powells trip to capitol hill. The fed chair will say the u. S. Faces a long and uncertain virus recovery. Shery heres how u. S. Futures are coming online. A little bit of pressure at the open, this after we saw the s p 500 lose ground for a fourth consecutive session in the regular trading our. It was the longest losing streak since february. We had banks sinking at least 3 on that report detailing suspicious transactions at global banks. ,e had also surging virus cases not to mention doubts over another round of stimulus measures. That really sent stocks down. We have the nasdaq at one point falling as much as 2. 5 , but it did pair back some of the losses with a bullish reversal in the afternoon. Down only 1 10 of 1 . We are this week watching closely what chair powell and secretary mnuchin will say in congr
Brutal day for stocks. The dow and s p having their worst day in a month. Concerns there could be a fed bombshell tomorrow in the form of the minutes. Home depot sold off hard, and you have to wonder, is the market saying this is as good as it gets. We kick it off with dan, whos been bearish. Ive been skeptical. To me, ill just say this. Im not actually bearish. The market has been banging around 2050. For it seems like weeks. When you look at the s p 500 in particular, i think its just above an important year term Technical Support level. Thats about 2037. Thats the april low. I think you have room down to 2000. Thats no reason to run for the hills if you think about it. Its just a couple of whoa listen, im of the mindset, not too different from last may, weve been banging it around. It will take something somewhat external or miscue by the fed to break us out of the range one way or the other. The miscue could be the fed could be out of the picture here. Look over the last week or so
Intensifying. New data showing that the economy slowed at a pace than originally anticipated. Nasdaq starting off at a a closing high, and 14year high. And the guidance says it is experiencing severe disruption from the winter, and gap suggest suggests gaap suggests it will fall more than expected. And on mad mad money last night, cramer talked about raising investments. And we will hear from apples tim cook. And in the first full year results are lower after discovering fraud in the subsidiary in mexico, and they go into detail, jim. This is not a minor story, and i know that when you look at the big revenues of citi you say, so what, but this is a major client with a checkered history and it is a 360 million and they say, 230 million, but 360 million pretax the. Okay. And you think it is important because you look at 360 million pretax fraud resulting in a 235 million aftertax writedown and it gets complex. It is complex. But related to transactions between penmax and vanimax who is
Taipei, Taiwan, May 30, 2024 - United Microelectronics Corporation , today held its 2024 annual shareholders meeting. Shareholders approved all agenda items including UMC s 2023.
MINUTES OF THE ANNUAL AND EXTRAORDINARY SHAREHOLDERS MEETING HELD ON APRIL 26, 2024 Date, Time, and Venue: April 26, 2024, at 10:00 a.m., at the headquarters of JBS S.A.,.