CNBC’s “Fast Money” team discusses the nuclear and uranium trade as well as AI data centers. Source link
Author: usaeverydaylife
Hoka shoes are seen in a store in Krakow, Poland on February 1, 2023. Jakub Porzycki | Nurphoto | Getty ImagesShares of footwear maker Deckers Brands plunged 15% Friday after the company trimmed its sales guidance for Hoka and Ugg — the two brands driving its growth — over concerns that tariffs are leading to a slide in demand.Hoka, an up-and-coming running shoe brand, is now expected to grow by a low-teens percentage in fiscal 2026 after growing 24% in the year-ago period, while Boots brand Ugg is expected to grow in the range of a low to mid single-digit percentage, after…
New York Attorney General Letitia James on Friday pleaded not guilty to federal charges in a fraud case tied to mortgage records she signed in 2020.James is a longtime antagonist of President Donald Trump, who publicly urged Attorney General Pam Bondi to target her weeks before she was indicted.James’ case in U.S. District Court in Norfolk, Virginia, is set to head to trial on Jan. 26, 2026.”This is not about me. This is about all of us,” James said after leaving court, “and about a justice system which has been weaponized” and “used as a tool of revenge.””So there’s no…
A member of staff poses next to trading boards at the London Stock Exchange on April 25, 2025 in London, England.Carl Court | Getty Images News | Getty ImagesThe amount of money managed by hedge funds has reached an all-time high of $5 trillion, fueled by a surge in capital allocations in the third quarter coupled with positive investment returns.Analysis published Thursday by industry tracker Hedge Fund Research (HFR) showed total global assets under management stood at a landmark $4.98 trillion at the end of the third quarter.Overall industry assets swelled by $238.4 billion in the three-month period that ended…
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a fireside chat at the Indian Institute of Science (IISc) in Bengaluru, India, on Thursday, Nov. 21, 2024. Gabriela Bhaskar | Bloomberg | Getty ImagesShares of Advanced Micro Devices jumped nearly 8% on Friday following a report that IBM can utilize the company’s chips to run a quantum computing error correction algorithm.IBM shares gained about 8% and headed for their best day since January.Reuters reported on Friday that a paper will publish next week showing that IBM can run a quantum error correction algorithm on AMD’s…
Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that keeps the door wide open for another interest rate cut next week.The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%. Economists surveyed by Dow Jones had been looking for readings of 0.4% and 3.1%, respectively. The annual rate reflected a 0.1 percentage point uptick from August.Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%, compared…
China’s Minister of Commerce Wang Wentao spoke alongside other senior officials at a press conference on Friday, Oct. 24, 2025.Picture Alliance | Picture Alliance | Getty ImagesBEIJING — The U.S. and China can still find ways to work together, Chinese Commerce Minister Wang Wentao told reporters Friday, ahead of an expected meeting between the presidents of both countries on Oct. 30.”General Secretary Xi Jinping has stressed that dialogue and cooperation are the only right choice for China and the U.S.,” Wang said in Mandarin, translated by CNBC. “China, as a responsible big nation, has always opposed decoupling and ‘breaking the…
Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products.Despite higher costs from tariffs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment,” P&G reiterated its forecast for all-in sales and earnings for the fiscal year, which began in July.Here’s what the company reported for the quarter that ended on Sept. 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.99 adjusted vs. $1.90 expectedRevenue: $22.39 billion vs. $22.18 billion expectedP&G reported fiscal first-quarter net income…
With Netflix trading below from its 200-day moving average, the time to buy into the dominant streaming platform is now, says Josh Brown, CEO of Ritholtz Wealth Management. Although still up 24% on the year, shares of Netflix fell 8% this week after third-quarter earnings missed analyst estimates and revenue only matched expectations. The stock fell 10% on Wednesday alone, the day after posting its third-quarter results. Shares touched an intraday low of $1,100.15 Friday, below Netflix’s 200-day moving average, which currently sits at $1,115.43. The 200-day moving average is a key technical indicator widely used by technical analysts to…
CNBC’s Julia Boorstin reports on the looming expiration of the WNBA’s collective bargaining agreement. Source link
