The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Muhammed Selim Korkutata | Anadolu | Getty ImagesFor a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China’s ByteDance to divest TikTok’s U.S. business. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” White House Press Secretary Karoline Leavitt said in a statement. “As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to…
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesThe Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.The bill passed with a 68-30 vote.It’s a milestone day for the crypto industry and for President Donald Trump’s sprawling digital asset empire. This is the first legislative victory for the digital asset industry, which put…
Federal Reserve Chair Jerome Powell delivers remarks during the Division of International Finance 7th Anniversary Conference at the Fed on June 02, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesFederal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy.While any immediate movement on interest rates seems improbable, the policy meeting, which concludes Wednesday, will feature important signals that still could move markets.Among the biggest things to watch will be whether Federal Open Market Committee members stick with…
Peter Boockvar, Bleakley Financial Group CIO, joins ‘Fast Money’ to discuss if the ‘sell America’ trade is back on. Source link
An in-progress Ferrari at the supercar maker’s E-Building in Maranello, Italy.Crystal Lau | CNBCFerrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters.Known for its roaring petrol engines, Ferrari has sold hybrid models since 2019 and will begin unveiling its first EV in October this year in a three-stage process culminating in a world premiere in the spring of next year.First deliveries to customers are expected in October 2026.Aside from the lack of…
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabytes per second of network bandwidth, what the company calls the highest offering in the public cloud.Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second.Graviton4, a central processing unit, or CPU, is one of many chip products that come from Amazon’s Annapurna Labs in Austin, Texas. The chip is a win for the company’s custom strategy and putting it up against traditional semiconductor players like Intel and AMD.But the real battle is with Nvidia…
Credo Technology is a relatively new company that came public in 2022 at an approximate $1.5 billion valuation. Amidst the AI boom in the past three years, this company has grown quickly to a $13 billion market cap company. From the looks of things, the stock is going higher. We added the name to our Active Opps portfolio based on technical and fundamental reasons I’ll outline below. Fundamentals first: This company is a leader in several areas of the AI infrastructure buildout, particularly high-speed connectivity solutions. A data center is only as helpful as the individual processors and chips can quickly communicate with…
Josh Brown, CEO of Ritholtz Wealth Management, said Tuesday the stock market is being dictated by two factors — the artificial intelligence investing theme and the strength of the U.S. consumer — and both are in solid place right now. “If you understand that the AI story and the U.S. consumer are the only things that matter, you could stop wasting your time reading a lot of other data and focusing on a lot of other reports,” Brown said on CNBC’s ” Halftime Report .” His comment came after data showed consumer spending retreated more than expected in May. Sales…
How Trump accounts workNot unlike a 529 college savings plan, Trump accounts come with a tax incentive. Earnings grow tax-deferred, and qualified withdrawals are taxed as long-term capital gains.Under both the House and Senate versions of the bill, withdrawals could begin at age 18, at which point account holders can tap up to half of the funds for education expenses or credentials, the down payment on a first home or as capital to start a small business.At 25, account holders can use the full balance for expenses that fall under those same guidelines and at 30, they can use the money…
