Member of the Federal Reserve Board of Governors Lisa Cook speaks on “The Outlook for the Economy and Monetary Policy” at the Brookings Institution in Washington, D.C., U.S., November 3, 2025. Kevin Lamarque | ReutersFederal Reserve Governor Lisa Cook, in her first policy speech since President Donald Trump tried to remove her from office, said Monday that she supported the recent interest rate reduction and indicated she would be open to more.Since Trump made his move in August to sack Cook on accusations of mortgage fraud, she has kept a relatively low profile outside of the court battles that have…
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U.S. President Donald Trump speaks to members of the media as he arrives at Palm Beach International Airport in West Palm Beach, Florida, U.S., October 31, 2025. Elizabeth Frantz | ReutersPresident Donald Trump, who recently suggested he would be at the Supreme Court on Wednesday for oral arguments in the case that will determine the fate of many of his wide-ranging tariffs, now says he will not attend.”I will not be going to the Court on Wednesday in that I do not want to distract from the importance of this Decision,” Trump wrote Sunday in a Truth Social post.”It will…
Nvidia was once again on the move after the world’s three biggest cloud companies, along with Meta Platforms , guided spending higher last week to keep pace in the artificial intelligence arms race. Some, if not much, of that spend should continue to fill the coffers of the Jensen Huang-run AI chip king. Club stock Nvidia on Monday soared another 4% to another all-time high — around $5.12 trillion in market value. In the run-up to next week’s earnings, we would expect to see more analysts raise their quarterly estimates and price targets on Nvidia. The stock closed above $5…
Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share of $1.19, beating a FactSet estimate of $1.15 per share. The stock was on pace for its best day since April 9, when it surged 15.5%. Adeia — The tech licensing company fell 17% after it sued AMD for patent infringement over its semiconductor technology. “For years, AMD’s products have incorporated and made extensive use of Adeia’s patented semiconductor innovations, which have greatly contributed…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods is keeping a special eye on Palantir ‘s this week as he sees the potential for the data analytics company to rise 20% to around $240 per share based on the stock’s trading history. Woods, chief market strategist at Freedom Capital Markets, said Palantir stock has gone up an average of 20% in eight out of the last 11 times it reported earnings. Since the stock just hit a…
Software and data analytics giant Palantir Technologies , one of the hottest stocks of the year, has high expectations to beat when its earnings come out after Monday’s closing bell. The consensus Wall Street view is that Palantir stock appears overvalued. Analysts polled by LSEG have an average price target of $154.93, which implies more than 24% potential downside ahead. Of the 26 analysts that cover the name, 17 rate it a hold, while four give it a buy and two a strong buy. Shares of Palantir have soared about 172% year to date and reached a 52-week high on…
Changpeng Zhao, founder of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022.Benoit Tessier | ReutersPresident Donald Trump said he knows nothing about Binance founder Changpeng Zhao — or that company’s recent involvement in a cryptocurrency venture linked to Trump’s family — despite granting him a pardon last month.Asked in a CBS “60 Minutes” interview that aired Sunday why he pardoned the former crypto executive known as CZ, Trump said: “Okay, are you ready? I don’t know who he is.”In late 2023, Zhao stepped down as…
Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of thousands of Nvidia chips.The agreement comes as Lambda benefits from surging consumer demand for AI-powered services, including AI chatbots and assistants, CEO Stephen Balaban told CNBC’s “Money Movers” on Monday.”We’re in the middle of probably the largest technology buildout that we’ve ever seen,” Balaban said. “The industry is going really well right now, and there’s just a lot of people who are using ChatGPT and Claude and the different AI services that are out there.”Balaban said the partnership will continue…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCWarren Buffett’s Berkshire Hathaway may have quietly trimmed its massive Apple stake again in the third quarter, a new regulatory filing suggests.In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2 billion from the prior quarter. That category is dominated by the giant conglomerate’s Apple position, implying the decline likely reflects additional sales of Apple shares.Apple’s stock jumped more than 24% in the third quarter, a rally that would have offered Buffett an attractive…
New York Attorney General Letitia James stands silently during a press conference on October 21, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James and more than a dozen other state attorneys general are suing the Trump administration over its new rule limiting eligibility for a popular student loan forgiveness program.The AGs’ lawsuit was prompted by the U.S. Department of Education’s final rule, released last week, that changes the definition of a “qualifying employer” under the Public Service Loan Forgiveness program. The rule excludes certain organizations “that engage in unlawful activities” such as…
