The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
Author: usaeverydaylife
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) It’s hard not to respect the market’s recent display of resilience through rotation. But the process – which involves money rushing out of the 2025 winners and paring back bets on AI bellwethers and speculative fluff and into laggard healthcare and Old Economy sectors – can be tenuous if the chorography becomes more jagged. The dance Wednesday involved the ” Magnificent Seven ” shedding more than 1% and Palantir losing 5% with while the equal-weighted S & P 500 added almost half a percent and…
U.S. Speaker of the House Mike Johnson (R-LA) walks surrounded by the media, as members of the U.S. House of Representatives returned to Washington after a 53-day break, for a vote that could bring the longest U.S. government shutdown in history to a close, on Capitol Hill in Washington, D.C., U.S., Nov. 12, 2025. Nathan Howard | ReutersThe House of Representatives headed toward a vote on Wednesday night to end the longest U.S. government shutdown in history.The House is expected to vote on a short-term funding bill that would lead to the government reopening until at least the end of…
Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty ImagesFirefly Aerospace’s stock surged 15% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.Revenues in the third quarter jumped nearly 38% to $30.8 million from $22.4 million in the year-ago period and nearly doubled from the previous quarter.Firefly’s net loss totaled $140.4 million, or $1.50 per share. The company said net loss included costs tied to its IPO, foreign exchange…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin and ether fall. And, the Senate Agriculture Committee releases a draft of its portion of a much-awaited digital assets market structure bill. Plus, Mark Nelsen, head of product at Visa Commercial Money Solutions, breaks down a new pilot allowing businesses and platforms to send payouts directly to the stablecoin wallets of recipients, including creators and freelancers. Source link
A protester holds a sign related to the release of the Jeffrey Epstein case files outside the US Capitol in Washington, DC, Nov. 12, 2025. Saul Loeb | AFP | Getty ImagesA petition in the House of Representatives to force a vote to release the so-called Jeffrey Epstein files on Wednesday secured the last signature required to trigger that action.Rep. Adelita Grijalva, D-Ariz., provided the 218th signature needed to approve the petition shortly after she was sworn in as a House member, after a seven-week delay.The Trump administration has been under fire for months for reneging on promises to release investigative…
Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty ImagesBoston Federal Reserve President Susan Collins on Wednesday said she will be reluctant to support further interest rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data due to the government shutdown.”Given my baseline outlook, it will likely be appropriate to keep policy rates at the current level…
Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCCisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose in extended trading. Here’s how the company did in comparison with consensus estimates from LSEG:Earnings per share: $1 adjusted vs. 98 cents expectedRevenue: $14.88 billion vs. $14.77 billion expectedRevenue increased 8% from $13.84 billion in the same period a year earlier. Net income climbed to $2.86 billion, or 72 cents per share, from $2.71 billion, or 68 cents per share, a…
Mug shot of Eric Gillespie, Govini Founder and Chairman.Courtesy: Pennsylvania Attorney GeneralThe founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday.The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact with a minor, according to the Pennsylvania Attorney General’s Office.Gillespie, who lives in Pittsburgh, was denied bail by the judge, citing flight risk and concerns over public safety.His company, which placed him on administrative leave on Monday, has a $900-million U.S. government contract, and multiple deals with the…
Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California. Justin Sullivan | Getty ImagesKim Kardashian’s Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round.The deal comes as Skims nears $1 billion in annual net sales, six years after its 2019 launch, and marks one of the largest private raises for a U.S. consumer brand this year. BDT & MSD Partners’ affiliated funds also joined the round, Skims…
