US President Donald Trump makes an announcement in the Oval Office of the White House in Washington, DC, on Oct. 16, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald Trump on Thursday announced two new efforts to expand the availability of in vitro fertilization, the first concrete step from his administration on the expensive and politically fraught procedure.Trump struck a deal with EMD Serono, a subsidiary of Germany’s Merck KGaA, to slash the price of some of the company’s fertility medicines in exchange for relief from planned tariffs on pharmaceuticals imported into the U.S., which Trump has not yet imposed.The…
Author: usaeverydaylife
Ron Conway, founder of SV Angel, speaks during the TechCrunch Disrupt NYC 2015 conference in New York on May 4, 2015.Michael Nagle | Bloomberg | Getty ImagesDays after suggesting that President Donald Trump should send federal troops to San Francisco, Salesforce CEO Marc Benioff is facing some consequences.Prominent startup investor Ron Conway, who backed companies including Google, Airbnb and Stripe, resigned from the board of the Salesforce Foundation on Thursday, CNBC has confirmed. Conway is a longtime Democratic donor who was a member of VCs for Kamala, and donated around $500,000 to at least two funds tied to Kamala Harris’…
new video loaded: What’s Next for the Gaza Cease-Fire PlanIsrael and Hamas have reached a cease-fire deal in Gaza, but the hard part starts now. David Sanger of The New York Times describes the major obstacles to further agreement about Gaza’s immediate future.By David E. Sanger, Melanie Bencosme and Nikolay NikolovOctober 16, 2025 Source link
Small caps could prove a profitable corner of the market heading into year end. The Russell 2000 just hit a new all-time high on Wednesday, on pace for its fifth record this year. What’s more, according to Katie Stockton, founder at Fairlead Strategies, the index is poised to break out above final resistance around 2,466, after first clearing its 200-day moving average in September. Last month, it also knocked out its prior record high going all the way back to November 2021. Those are bullish signals for an asset class that has consistently underperformed, but is now attracting improved sentiment…
These are the stocks posting the largest moves in extended trading. Source link
Salesforce struck back. The business software maker on Wednesday unveiled an optimistic, multiyear financial roadmap that rejects the sluggish-growth narrative that has been dogging the stock. “It’s the old Salesforce, and I’ve been waiting for the old Salesforce,” Jim Cramer said Thursday morning on CNBC. Shares of Salesforce are up more than 4% Thursday on the news. At its influential Dreamforce conference this week, Salesforce projected annual revenue of $60 billion for the fiscal year 2030, excluding its pending Informatica acquisition . That is above the LSEG consensus of $58.4 billion. And crucially, Salesforce said its outlook translates to average…
As investors head into the end of the year, there’s an opportunity to lock in durable yields further out the curve, according to Vanguard. The Federal Reserve is expected to continue cutting rates, which will bring down yields on the front end. The central bank lowered rates in September by 25 basis points, or 0.25 percentage point. It meets again at the end of this month and futures markets are pricing in a 97% likelihood of another quarter-point cut, according to the CME FedWatch tool . At the same time, investors also need to balance potential positives and negatives in…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) A fourth day of erratic action and failed rally attempts gave way to broader index-level selling, as fatigue in the semiconductor leadership met stressed action in financials and Bitcoin remained unable to shake off the flash correction of late last week. The S & P 500 surrendered another early upside try and dropped a bit more than 1% at its worst. The index has spent this entire week within Friday’s 3% range. At this point it’s fair to say that last Friday’s air pocket upended…
The U.S. Chamber of Commerce on Thursday filed a lawsuit over the Trump administration imposing a $100,000 fee to the H-1B worker visas.Last month President Donald Trump announced plans that would see U.S. companies to pay $100,000 per year for H-1B visas — which allows companies to temporarily hire foreign workers in skilled occupations in various fields, including technology and engineering — in an attempt to rework the program.In a release regarding the lawsuit on Thursday, the Chamber called the new fee unlawful since it “overrides provisions of the Immigration and Nationality Act that govern the H-1B program, including the…
Meta Ray-Ban Gen 2 AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesEssilorLuxottica said a healthy amount of its revenue growth in the third quarter was due to its partnership with Meta, primarily from its Ray-Ban brand, to develop and sell smart glasses.”Clearly there is a lift coming from Ray-Ban Meta wearables as a product category,” CFO Stefano Grassi said on the company’s third-quarter earnings call.The European eyewear company said sales in in the quarter grew 11.7% year-over-year to 6.9 billion euros (about $8…
