CNBC’s Steve Kovach joins ‘Fast Money’ to talk Apple CEO Tim Cook’s comments on the investors call. Source link
Author: usaeverydaylife
In a Thursday interview with CNBC’s Jim Cramer, Fair Isaac CEO Will Lansing pushed back against recent criticism of his company, saying FICO credit score pricing isn’t an issue for home owners.”We have been accused of raising our prices, and it’s true, we have, but they’re still very, very small relative to what we offer,” Lansing said. “We charge $4.95 for a mortgage score out of $6,000 in closing costs. So it’s not the cost of a FICO score that’s…creating problems for home ownership.”In May, Bill Pulte, the newly-appointed head of the Federal Housing Finance Agency, chastised Fair Isaac for…
US President Donald Trump points as he speaks after signing an executive order restarting the Presidential Fitness Test in public schools in the Roosevelt Room of the White House in Washington, DC, on July 31, 2025. Jim Watson | AFP | Getty Images The first time U.S. President Donald Trump unveiled his “reciprocal” tariffs on the rest of the world, the April 2 event had a cinematic, even grand, quality. It took place at the White House Rose Garden. There was a live band playing, according to The Wall Street Journal. Trump hoisted huge physical charts of his tariff rates,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJPMorgan Chase Chairman and CEO Jamie Dimon joins CNBC’s Leslie Picker to talk the Federal Reserve, the state of the U.S. economy, tariffs and more. Source link
President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross.Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier. The White House also announced a 40% tariff rate for all goods transshipped to avoid the applicable duties.Countries not listed in the latest order will face an additional duty of 10%. The updated directive modifies tariffs imposed under the earlier executive order issued in April.Here are reactions from world leaders and countries in Asia as the clock ticks down to the Aug.…
Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said.India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude, a vital revenue earner for Russia as it wages war in Ukraine for a fourth year.The country’s state refiners – Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd – have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase plans told Reuters.IOC, BPCL, HPCL, MRPL and the federal oil ministry did not immediately respond to Reuters’ requests for comment.The four refiners regularly buy Russian oil on a delivered basis and have turned to spot markets for replacement supply -…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Apple delivered a solid June quarter Thursday evening, and the stock moved higher. However, the lack of any real artificial intelligence strategy updates tempered investor enthusiasm. The stock remains an AI “show me” story — and in a market currently being powered by the AI trade, that’s all anyone really cares about. Revenue in Apple’s fiscal 2025 third quarter, which ended in June, rose 10% year over year to $94.04 billion, outpacing the $89.5 billion consensus estimate compiled by LSEG. It was the company’s biggest growth in quarterly revenue since December 2021. Earnings per share (EPS) increased 12% in the…
Tim Cook arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.David Grogan | CNBCApple’s AI strategy and investment was on the mind of analysts on an earnings call after the company reported third-quarter earnings that showed overall revenue grew by 10% year over year.While Apple was never going to announce major acquisitions or initiatives on an earnings call, CEO Tim Cook’s remarks on Thursday confirm that the company is going to invest more heavily in the technology.Cook said Apple is going to “significantly”…
Amazon on Thursday delivered better-than-expected results on both the top and bottom lines for the second quarter. But a small revenue beat from Amazon Web Services and mixed third-quarter guidance weren’t enough to impress investors, knocking the stock down after hours. Revenue increased 13% year over year to $167.7 billion, beating expectations for $162.09 billion, according to estimates compiled by LSEG. Earnings per share based on generally accepted accounting principles (GAAP) increased to $1.68, compared with $1.26 last year and the $1.33 estimate, per LSEG. Operating income increased 31% over last year to $19.17 billion, beating the $16.87 billion consensus…
