Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021.Andreas Rentz | Getty ImagesQuasi-governmental financial firm Fannie Mae on Wednesday announced a partnership with defense tech player Palantir to detect mortgage fraud, deepening ties between the federal government and a company that has been a big winner in the second Trump administration.Priscilla Almodovar, Fannie Mae CEO, said Wednesday at a press event that the goal is for the firm to “identify fraud more proactively” with the help of Palantir, starting with its multi-family housing business. An early test showed that Palantir’s…
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Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty ImagesE.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare. The acquisition – E.l.f.’s biggest ever, according to FactSet – is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in…
The S & P 500 has displayed three key characteristics over the last few weeks, which it will need to replicate for this rally to continue: strong breadth, low two-way volatility, and successful bullish patterns. Strong breadth Tuesday’s trading session couldn’t have gone much better for stock market bulls — as the early positive response to news produced an opening upside gap, which then was bought throughout the day. That resulted in a close near the highs and breadth that surpassed +90%. It was the S & P 500’s fourth 90% breadth day since the April 7 low (vs. two 90% down…
Sopa Images | Lightrocket | Getty ImagesHP reported second-quarter results that beat analysts’ estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump’s sweeping tariffs. Shares sank 15% after the report.Here’s how the company did versus analysts’ estimates compiled by LSEG:Earnings per share: 71 cents, adjusted vs. 80 cents expected.Revenue: $13.22 billion vs. $13.14 billion expected.Revenue for the quarter increased 3.3% from $12.8 billion in the same period last year. HP reported net income of $406 million, or 42 cents per share, down from $607 million, or 61 cents per share, a year ago.For its third quarter,…
The Synopsys headquarters in Mountain View, California, on April 13, 2022.David Paul Morris | Bloomberg | Getty ImagesShares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after The Financial Times reported that the White House told them to stop selling to clients in China.The Bureau of Industry and Security under the U.S. Commerce Department sent letters to both companies and to Siemens, the newspaper said.Synopsys declined to comment. Cadence and Siemens representatives did not immediately respond to requests for comment.The report follows the Trump administration’s decision to get rid of the Biden-era chip “Diffusion Rule” that…
Reed Hastings speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021.David Swanson | ReutersArtificial intelligence startup Anthropic said Netflix Chairman Reed Hastings is joining its board of directors.Hastings, who co-founded Netflix in 1997 and served as CEO (and eventually co-CEO) of the streaming giant until 2023, was appointed to the board by Anthropic’s Long Term Benefit Trust, an independent body of five financially disinterested members, according to a press release on Wednesday.Hastings, 64, has held other high-profile board positions in the tech sector, including at Microsoft, Bloomberg and Facebook, which is now Meta.Anthropic…
With earnings season mostly in the rearview mirror, certain names stand out as winners moving forward, according to Jefferies. The firm recently highlighted several buy-rated stocks of companies that beat on earnings and issued solid guidance. It also favors domestic names over foreign, although international stocks are currently outperforming those in the United States. The iShares MSCI All Country World Index ex U.S. ETF (ACWX) has gained about 14% in 2025, while the S & P 500 is fractionally higher so far this year. However, domestically-oriented names are cheap on an absolute basis, as well as relative to names with…
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.A wave of outrage is sweeping the scientific and medical world after Health and Human Services Secretary Robert F. Kennedy Jr.’s decision to stop recommending routine Covid-19 vaccines for healthy children and healthy pregnant women.Kennedy, a prominent vaccine skeptic, on Tuesday said the Covid shot has been removed from the Centers for Disease Control and Prevention’s recommended immunization schedule for those groups. “Last year, the Biden administration urged healthy children to get yet another…
Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas.John Locker | APLAS VEGAS — Vice President JD Vance used his position on stage at the biggest bitcoin conference of the year to push the Trump administration’s efforts on stablecoin legislation, touting its potential benefits to the U.S. economy.”In this administration, we do not think that stablecoins threaten the integrity of the U.S. dollar. Quite the opposite,” Vance said, in his keynote at Bitcoin 2025 in Las Vegas on Wednesday. “We view them as a force multiplier of our economic might.”Months after a successful campaign…
Nvidia is set to report its latest quarterly results after the bell on Wednesday, and there are certain stocks besides just the artificial intelligence chip darling that could see major moves in either direction. Nvidia’s earnings results have been a driver of volatility over the past couple of years, but this time around, the market may actually be underestimating volatility. Nvidia options pricing prior to its upcoming earnings implies shares could swing 6.4% in either direction, per Goldman Sachs estimates. That is less than its average realized move of 8.5% up or down over Nvidia’s past eight earnings reports. However,…
