The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
This year has already packed a lot of action into stocks: an aggressively bullish start, a swift correction, and a full recovery from those April losses. But based on the the flows into the U.S. exchange-traded funds, where much of the daily trading action occurs across asset classes, the message coming through most clearly from investors is lingering skepticism about the strength of the U.S. equities market.May was a great month for stocks, with the S&P 500 Index up over 6%, the Nasdaq Composite up over 9%, and the Dow Jones Industrial Average up roughly 4%. But making up for April’s losses hasn’t removed…
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesMedia company Walt Disney is laying off several hundred employees in film, television and corporate finance, a Reuters source familiar with the matter said on Monday.The layoffs affect multiple teams around the world, including film and TV marketing, TV publicity and casting and development, the source said.Disney and other companies are reshaping their business strategies in response to the migration of cable TV audiences to streaming…
Strong software demand from medical professionals can help Doximity forge a strong path ahead despite any macroeconomic concerns, according to BTIG. The investment bank upgraded the San Francisco-based company to buy from neutral on Monday, giving the stock a 12-month price target of $80, implying nearly 54% upside from Friday’s $52.09 close. Despite broader macroeconomic headwinds lingering over the biopharmaceutical sector, analyst David Larsen says demand for the Doximity’s software will remain strong. “Our view is that although there is macro uncertainty with respect to the bio-pharma industry, including the risk of tariffs, ongoing drug pricing reform, the Inflation Reduction…
Carter Worth, Worth Charting, joins ‘Fast Money’ to talk technicals on Disney. Source link
At his restaurant in Beijing, Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America.With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu.”American chicken feet are so beautiful,” Xiaoyun said. “They’re spongy so they taste great. Chinese [chicken] feet just aren’t as good.”Geng can now source chicken feet from Brazil or Russia but said they just don’t stand up to the American ones. He keeps a small stash for himself…
The Trump administration is confident that a massive liquified natural gas project in Alaska will find investors despite its enormous cost.President Donald Trump has pushed Alaska LNG as a national priority since taking office. Alaska has already spent years trying to build an 800-mile pipeline from the North Slope above the Arctic Circle south to the Cook Inlet, where the gas would be cooled and shipped to U.S. allies in Asia.But Alaska LNG has never gotten off the ground due to a stratospheric price tag of more than $40 billion. Trump has pushed Japan and South Korea in particular to…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here – The S & P 500 index has fought all the way to breakeven for 2025, but there’s one investment style that’s blowing the doors off the rest of the stock market. If you guessed “momentum” you got it right. What’s probably very frustrating for all the value investors, the minimum volatility investors, the high dividend investors and other professionals is that momentum was also the best performing factor in 2024, up more than 32% last…
Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025.Tasos Katopodis | Semafor | Getty ImagesData analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers cloud-based database software. Snowflake will pay about $250 million, according to a person familiar with the matter who was not authorized to speak publicly about the deal.Crunchy Data sells access to a cloud-hosted version of the PostgreSQL open-source database, which replaced MySQL as the most popular database in Stack Overflow’s annual developer survey in 2023. Crunchy Data’s service includes…
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021.”It’s hard to imagine Uber without Pierre, because there hasn’t been much Uber without Pierre,” CEO Dara Khosrowshahi said in a statement that was part of a regulatory filing.…
