ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
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Starter homes now cost $1 million or more in 233 U.S. cities — nearly triple the number from five years ago.That’s according to a new Zillow analysis, which shows just how out of reach the housing market has become, especially for first-time buyers.Zillow defines “cities” as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. “Starter homes” are defined as properties in the bottom third of home values within a given market. That means these aren’t luxury listings — they’re the least expensive homes available in each city. Unsurprisingly, $1 million starter homes are concentrated…
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York on Aug 1, 2018.Lucas Jackson | ReutersApple willfully violated and ignored a 2021 decision that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a court filing on Wednesday.She wrote that Apple Vice President of Finance Alex Roman “outright lied” to the court about when Apple had decided to levy a 27% fee on some purchases linked to its App Store.”Neither Apple, nor its counsel, corrected the, now obvious, lies,” Rogers wrote, saying that she considers Apple to…
The United States and Ukraine announced on Wednesday the creation of a new reconstruction and investment fund, formalizing an economic agreement between the two countries that is intended to give the U.S. access to proceeds from Ukraine’s reserves of rare earth minerals.The agreement concludes months of fraught negotiations over whether the United States will continue to provide Ukraine with economic and military support as it tries to broker an end to its war with Russia. The economic agreement is intended to provide Ukraine with an implicit security arrangement while addressing President Trump’s concerns that the U.S. has provided Kyiv with…
Xcel Energy (XEL) had quite a run in 2024. While the stock finished the year up just 9%, it rallied nearly 60% from the March low to the November high — before aggressively fading to conclude 2024. That was part of a broader reset for many stocks during those final weeks last year, especially utilities. The wild turns didn’t stop there, with XEL then ripping higher once more, but then again failing to overtake that same level that it topped at last fall. Since February, though, XEL has been carving out what now looks like a potential bullish inverse-head-and-shoulders pattern. Notably, this…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Jgi/jamie Grill | Tetra Images | Getty ImagesA 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.Tariff threats — and efforts to get into President Donald Trump’s good graces — are fueling a new wave of U.S. manufacturing investments from the pharmaceutical industry. We’re here to bring you a roundup of those plans, which are exactly what the Trump administration wants to see at a time when domestic drug manufacturing has shrunk significantly. There are no new updates on what Trump’s planned tariffs on…
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty ImagesPresident Donald Trump on Wednesday called China the leading candidate for the “chief-ripper-offer” on trade, and tried to downplay the possible economic impacts of his tariff war.”We’ve been ripped off by every country in the world, but China I would say is the leading … candidate for the ‘chief-ripper-offer,” Trump said during a Cabinet meeting at the White House.Trump continued to defend his unprecedented 145% tariff rate on Chinese imports,…
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that topped Wall Street expectations as the company’s chip sales showed strong year-over-year growth.Qualcomm shares fell in extended trading as the company’s revenue forecast for the current quarter was slightly lighter than expectations.Here’s how the chipmaker did compared to Wall Street expectations, based on a survey of analysts by LSEG:Earnings per share: $2.85 adjusted vs. $2.82 expectedRevenue: $10.84 billion adjusted vs. $10.66…
Energy stocks ended a rough month with a thud, and that could be an early warning alarm for the state of the U.S. economy. The S & P 500 energy sector fell 2.6% on Wednesday alone, the worst of the 11 stock groups in the benchmark index. Energy was also the worst performer for the month of April, sliding almost 14%. That’s the biggest monthly decline for the roughly $27 billion Energy Sector SPDR Fund (XLE) since June 2022. XLE 1M mountain Energy was the worst performing group in the S & P 500 in April. Weak energy stocks mirror…
