Michael Intrator, co-founder and CEO of CoreWeave, speaks at the Semafor World Economy Summit during the International Monetary Fund and World Bank Spring meetings in Washington on April 25, 2025.Kent Nishimura | Bloomberg | Getty ImagesCoreWeave, a provider of infrastructure for artificial intelligence companies, reported better-than-expected third-quarter revenue on Monday, but the company delivered disappointing full-year guidance. The stock dropped 6% in extended trading. Here’s how the company did in comparison with LSEG consensus:Earnings: Loss of 22 cents per shareRevenue: $1.36 billion vs. $1.29 billion expectedRevenue in the quarter soared 134% from $583.9 million a year ago, according to a…
Author: usaeverydaylife
In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie Mac, posted that they are “working on it,” and that it would be, “a complete game-changer.”The purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. The longer the term of the loan, the smaller the principal needed each month to pay it off in full. But such a plan has other trade-offs.Using the latest median sale price…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
Tesla’s sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand. Robert Alexander | Archive Photos | Getty ImagesTesla’s sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive market.Sales fell 35.8% from a year earlier, down from September’s figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China.Its exports of…
US Speaker of the House Mike Johnson, Republican from Louisiana, speaks during a news conference on day 41 of the federal government shutdown, at the US Capitol on November 10, 2025, in Washington, DC. Saul Loeb | Afp | Getty ImagesThe Senate on Monday night passed a bill to fund the government and end the longest shutdown in U.S. history.The bill, which passed 60-40 with the support of a handful of Democratic senators and nearly all Republicans, will be sent to the House of Representatives.If it passes the House, the deal will head to President Donald Trump to be signed…
Novo Nordisk has a lot on its plate — and it may not all be healthy. The pharmaceutical giant pulled out of its bidding war against rival Pfizer for clinical-stage biotech Metsera when the U.S. juggernaut matched its latest offer. Metsera accepted Pfizer’s $10 billion deal — significantly more than what Pfizer had initially offered in September — late last week. The sweetened terms follow an intense bidding war between Pfizer and Novo, the latter of which made a surprise bid for Metsera in late October. “We welcome NOVO’s decision to step back from the biotech acquisition, as continuing the…
Flight timings and cancellations are displayed on the departures board, a month into the ongoing U.S. government shutdown, at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., November 9, 2025. Annabelle Gordon | ReutersFlight cancellations were again piling up on Monday as air traffic controller shortages, worsened by the longest-ever U.S. government shutdown, snarled air travel coast to coast while President Donald Trump threatened to dock air traffic controllers’ pay if they are absent from work.On Monday, 1,623 of the 25,735 scheduled U.S. flights were canceled, around 6.3% of the day’s schedule, though on-time departures were better than average,…
Elon Musk, CEO of Tesla, speaks during the 2025 Annual Shareholder Meeting on Nov. 6, 2025.Courtesy: TeslaTesla shareholders voted last week to give CEO Elon Musk a record pay package, one that could net him about $1 trillion in company stock over the next decade. But Musk received less support than he did for an earlier pay plan in 2018.Setting aside holdings owned by board members and executives, about 66.9% of shares tabulated in the vote were in favor of the package, according to a filing on Friday. When shareholders voted on the 2018 plan, that number was 73%, according to…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon recently opened up about his phone habits at work, including never reading text messages and having his phone notifications turned off.”I don’t have notifications,” the finance boss told CNN’s Erin Burnett in an interview. “If you sent me a text during the day, I probably do not read it.”He added: “The only notifications I get is from my kids. That’s it. When they text…
Tensions between the U.S. and China have escalated over the last few years.Teh Eng Koon | AFP | Getty ImagesChina has suspended a ban on approving exports of “dual-use items” related to gallium, germanium, antimony and super-hard materials to the U.S., the commerce ministry said on Sunday.The suspension takes effect from Sunday until Nov. 27, 2026, the ministry said in a statement. It did not give any further details.The ministry announced the ban in December 2024.China announced on Friday the suspension of other export controls imposed on October 9, including expanded curbs on certain rare earth materials and lithium battery…
