The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesFigma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range.The company’s stock will debut on the New York Stock Exchange under the ticker symbol “FIG” on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders.Figma is aiming to take advantage of a public market that has slowly reopened for tech IPOs.…
Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025.Jason Redmond | AFP | Getty ImagesThe $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant’s market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia, which hit $4 trillion for the first time earlier this month. Microsoft reported 18% revenue growth, its fastest rate of expansion in over three…
Robinhood beat Wall Street expectations for the second quarter Wednesday.Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:Earnings per share: 42 cents vs. 31 cents expectedRevenue: $989 million vs. $908 million expectedRevenue jumped 45% year-over-year to $989 million, while net income more than doubled to $386 million, up 105% from the same quarter last year.The number of funded customers climbed by 2.3 million to 26.5 million, topping the StreetAccount estimate of 26.1 million. Investment accounts also grew 10% year-over-year to 27.4 million.Total platform assets nearly doubled, rising 99% from a year earlier to…
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesArm Holdings shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday. Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents vs. 35 cents expected.Revenue: $1.05 billion vs. $1.06 billion expected.The company said it expects second-quarter revenue in the range of $1.01 billion to $1.11 billion, which was in line with $1.05…
The Minister of the Supreme Court of Brazil, Alexandre de Moraes, participates in the plenary session of the Supreme Court (STF) in Brazil on Feb. 20, 2025, after the Attorney General’s Office (PGR) indicts the former president of Brazil, Jair Bolsonaro, for plotting a coup d’etat in 2023. Ton Molina | Nurphoto | Getty ImagesThe U.S. Treasury Department on Wednesday imposed sanctions on Brazilian Supreme Federal Court Justice Alexandre de Moraes, who has been a target of criticism by President Donald Trump for his handling of legal cases involving former Brazilian President Jair Bolsonaro.Shortly after those sanctions were announced, Trump imposed…
Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Shauna Clinton | Sportsfile | Getty ImagesQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading.Here’s how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations:Earnings per share: $2.77 adjusted versus $2.71 expectedRevenue: $10.37 billion versus $10.35 billion expectedIn the current quarter, Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings…
The upward wave in shares of Danaher since the life sciences company reported second-quarter earnings has left patient investors wondering whether the rally has staying power this time. Danaher has been a tough stock to own for the Club since we initiated a position in January 2022. Among the myriad headwinds have been the slow post-Covid economic recovery in China, customer over-ordering due to the pandemic supply chain crisis, fewer biotechs going public to spend on Danaher’s equipment, and President Donald Trump ‘s tariffs and cuts in National Institutes of Health spending. “Danaher always seems to be on the verge…
San Jose, California, is the most expensive U.S. metro area to buy a home for the second year running.With a median home price exceeding $1.6 million as of May 2025, the Silicon Valley city continues to lead the U.S. in high real estate costs, according to a recent report from SmartAsset, a financial technology company. The report analyzed Zillow data on single-family homes, condos and co-ops in 100 of the country’s largest metro areas in 2020, 2024 and 2025.California is home to the five most expensive markets by median sale price in 2025, SmartAsset found.”California has this really beautiful intersection…
The complaint and affidavit in support of an arrest warrant against Sherry Xue Li and Lianbo “Mike” Wang is photographed on Monday, July 18, 2022.Department of Justice | APA New York woman pleaded guilty Wednesday in connection with a years-long $30 million investment scam that, among other things, sold foreign nationals access to a 2017 fundraiser for President Donald Trump and a photo-op with the president.Sherry Xue Li pleaded guilty in federal court in Central Islip, Long Island, to money laundering conspiracy and conspiracy to defraud the United States by obstructing the Federal Election Commission’s administration of campaign finance.The Oyster…
