Rebecca Walser, CEO of Walser Wealth Management, joined CNBC’s “Power Lunch” on Wednesday to discuss Apple following a notable downgrade, as well as Netflix and Snowflake . Here’s what she had to say about each technology name during the ” Three-Stock Lunch ” segment. Apple Walser said she agreed with Needham analyst Laura Martin, who downgraded shares of the personal technology giant to hold from buy on Wednesday. Martin said the company is facing relatively high valuation and growth competition. Walser said concerns over President Donald Trump’s tariffs have weighed on the iPhone maker, with investors wondering what’s next following…
Author: usaeverydaylife
Transportation Secretary Sean Duffy holds a news conference at Newark Liberty International Airport, where he announced the reopening of a major runway at the airport, nearly two weeks ahead of schedule on June 2, 2025 in Newark, New Jersey. Spencer Platt | Getty ImagesThe future of a high-speed rail project in California is under threat after Transportation Secretary Sean Duffy said the project has violated some terms of its federal grant agreements.The California High-Speed Rail Authority “has no viable path to complete this project on time or on budget,” Duffy said in a Wednesday statement.”CHSRA is on notice — if…
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon has formed a new group within its consumer product-development arm that is focused on agentic artificial intelligence, the company said Wednesday.The team will be based in Lab126, the stealthy Silicon Valley-based research and development unit behind the Kindle e-reader, Echo smart speaker and other popular Amazon devices.A growing number of companies are building AI agents as they look beyond text and image generators. In contrast to AI services such as chatbots, agents are capable of completing multistep, complex…
The real estate sector has been a lackluster performer in recent weeks, but some dividend-paying stocks in the group could be showing signs of promise, according to Wolfe Research. While the S & P 500 was up more than 6% in May, the real estate sector only advanced about 0.9% in that time. Real estate’s performance last month coincided with a volatile period for longer-dated Treasurys, including the 10-year note, as investors grappled with shakiness around tariff policy and deficit worries as the House of Representatives cleared a massive tax and spending bill . The 10-year Treasury is closely tied…
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025.Evelyn Hockstein | ReutersElon Musk on Wednesday ramped up his attacks against the massive tax-cut bill that President Donald Trump is pushing Congress to pass, claiming it will condemn America to “debt slavery” and urging lawmakers to “KILL the BILL.””Call your Senator, Call your Congressman,” Musk wrote as he decried the budget package at length on his social media site X. “Bankrupting America is NOT ok!””A new spending bill should be drafted that doesn’t massively grow…
Students are seen on the campus of Columbia University on April 14, 2025, in New York City. Charly Triballeau | Afp | Getty ImagesThe U.S. Education Department said Wednesday that Columbia University has failed to meet the standards for accreditation because it “is in violation of federal antidiscrimination laws” for allegedly tolerating harassment of Jewish students on campus.The Education Department’s Office of Civil Rights notified the Middle States Commission on Higher Education, an accrediting institution that Columbia belongs to, of the alleged violation.The department noted that federal regulations, “accreditors are required to notify any member institution about a federal noncompliance finding…
The Health Care Select Sector SPDR Fund (XLV) was down over 5% in May, as the S & P 500 gained over 6%, which means that XLV underperformed the index by 11%. That’s a huge performance discrepancy. In fact, it was the worst relative monthly percent move vs. the SPX in XLV’s history, dating back to late 1998. As is clear from this long-term chart, the odds of this horribly bad relative weakness continuing at this same pace is low – at least for June. XLV itself now has approached two major long-term support levels after the recent downturn. The…
A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company’s bankruptcy in Torrance, California on May 27, 2025. Patrick T. Fallon | Afp | Getty ImagesThe U.S. economy contracted over the past six weeks as hiring slowed and consumers and businesses worried about tariff-related price increases, according to a Federal Reserve report Wednesday.In its periodic “Beige Book” summary of conditions, the central bank noted that “economic activity has declined slightly since the previous report” released April 23.”All Districts…
Nathan Simington, Commissioner at the Federal Communications Commission (FCC) testifies during a House Energy and Commerce Committee Subcommittee hearing on March 31, 2022 in Washington, DC. The subcommittee held a hearing on oversight of the FCC. Kevin Dietsch | Getty ImagesRepublican Federal Communications Commission member Nathan Simington said Wednesday he plans to resign this week after more than four years in office.Simington was confirmed in December 2020 to the five-member FCC after he lead a regulatory effort during President Donald Trump’s first term in office seeking to rein in social media companies. Democratic FCC Commissioner Geoffrey Starks said last month…
The number of companies that buy bitcoin to hold on their balance sheet has grown in recent weeks, helping the leading cryptocurrency to hit its recent all-time high. But that newfound corporate support could soon become a downside risk to bitcoin’s price, according to Standard Chartered. While Strategy , formerly MicroStrategy, is the poster child for the bitcoin acquisition strategy by corporate treasuries, “imitators” have been gaining ground, Standard Chartered said in a report out Tuesday. Holdings by bitcoin treasuries have doubled in the last two months to just below 100,000 bitcoins, but their average purchase prices are far higher…
