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Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024.Bloomberg | Bloomberg | Getty ImagesEmerging markets stocks are in the spotlight again as the “sell U.S.” narrative gained fresh momentum, following Moody’s recent downgrade of the U.S. credit rating.The Bank of America heralded emerging markets as “the next bull market” recently. “Weaker U.S. dollar, U.S. bond yield top, China economic recovery…nothing will work better than emerging market stocks,” Bank of America’s team, led by investment strategist Michael Hartnett, said in a note. Similarly, JPMorgan upgraded emerging market equities from neutral to overweight on Monday, citing thawing…

Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will resume selling its products directly to Amazon in the U.S. for the first time since 2019, CNBC has confirmed.The sneaker giant stopped selling its goods wholesale on Amazon six years ago as part of a push to distribute more directly to customers and have greater control over the shopping experience. At…

CNBC’s Jim Cramer on Wednesday told investors to be patient as stocks sold off due to rising bond yields and uncertainty about the federal budget, saying the market will recover when the budget bill is passed.”We’re in the thick of it right now. The budget deficit is front and center. Hence the reckoning,” he said. “When we finish the budget negotiations and we get some big beautiful bill, people will start focusing on how the tax cuts should be great for growth.”The Dow Jones Industrial Average sank 1.91%, The S&P 500 lost 1.61% and the Nasdaq Composite shed 1.41% as…

Hinge Health’s TrueMotion feature.Courtesy: Hinge HealthHinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range.The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold by existing shareholders.Hinge, founded in 2014, will trade on the New York Stock Exchange under the ticker symbol “HNGE.” The company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32.At the IPO price, Hinge Health is worth…

Traders work on the floor of the New York Stock Exchange on May 21, 2025 in New York City. Spencer Platt | Getty ImagesStocks were little changed on Thursday, as investors tried to shake off fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since October 2023 on Thursday as lawmakers passed a bill that investors fear could worsen the U.S. deficit.The Dow Jones Industrial Average shed 27 points, or less than 0.1%. The S&P 500 was marginally lower, while the Nasdaq Composite advanced 0.4%.In a party line vote early Thursday,…

CNN  —  Indianapolis Colts owner and CEO Jim Irsay has died at the age of 65, the team announced on Wednesday. The Colts said Irsay died “peacefully in his sleep” on Wednesday afternoon. No cause of death was given. “Jim’s dedication and passion for the Indianapolis Colts in addition to his generosity, commitment to the community, and most importantly, his love for his family were unsurpassed,” the team said in a statement. Irsay was one of the league’s most high-profile owners and was remembered as a fierce advocate for Indiana’s capital city. He frequently spoke with reporters and was heavily…

CNN  —  Foreign nationals with $5 million to spare will soon be able to register for a new “gold card” visa that would give them the right to live and work permanently in the United States, Commerce Secretary Howard Lutnick said on Wednesday. “I expect there will be a website up called ‘Trump card dot gov’ in about a week,” Lutnick said at Axios’ “Building the Future” event in Washington, DC, on Wednesday. “The details of that will come soon after, but people can start to register.” Further information about the visa program will come in the next few weeks,…

Julia Koch attends Blaine & Paul Wilmot Celebrate Behind The Blue Door: A Maximalist Mantra By John Demsey Book Party in New York, on Nov. 9, 2023.Patrick McMullan | Getty ImagesInvestor Julia Koch is looking into buying a limited partnership in the NFL’s New York Giants, a person familiar with the matter confirmed to CNBC.About a year ago, Koch bought a 15% stake in BSE Global, the parent company of the NBA’s Brooklyn Nets, WNBA’s New York Liberty, and Barclays Center. That stake had a $6 billion valuation, according to a person familiar with the terms of the sale.Koch and…

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesSen. Jeanne Shaheen urged President Donald Trump on Wednesday to require billionaire Elon Musk and special government employees of his DOGE project to certify before leaving government service that they cannot use for personal benefit any non-public government data they gained access to.Shaheen, D-N.H., in a letter to Trump, noted that the Tesla CEO Musk and DOGE employees have “unprecedented”…

Jeff KassoufMay 21, 2025, 05:17 PM ETCloseJeff Kassouf covers women’s soccer for ESPN, focusing on the USWNT and NWSL. In 2009, he founded The Equalizer, a women’s soccer news outlet, and he previously won a Sports Emmy at NBC Sports and Olympics.Boston Legacy FC, a 2026 NWSL expansion franchise, will play its entire first season of home games at Gillette Stadium in Foxborough, Massachusetts, due to delays with the redevelopment of its proposed home stadium.”With the 2026 NWSL season beginning in 10 months, Boston Legacy FC will play its inaugural season at Gillette Stadium before the club moves into its…