McCormick CEO Brendan Foley told CNBC’s Jim Cramer on Thursday that the spice maker is assessing how new tariffs will impact sourcing for its products.”This is a big area,” Foley said. “Agriculture impact is probably what we’re focused on when you’re looking at tariff impact.”Foley said the company has “done a nice job mitigating the tariff impact” going into the rest of the year. He said it’s important to understand that of the products sold in the U.S., 90% are made domestically. However, he continued, the majority of ingredients are sourced from abroad because many can’t be grown in the…
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The final trades of the day with CNBC’s Melissa Lee and the “Fast Money” traders. Source link
Traders work at the New York Stock Exchange on June 23, 2025.NYSES&P 500 futures sat near flat Thursday night with investors on all-time high watch and awaiting inflation data.Futures tied to the broad index traded around their flatline, as did Nasdaq 100 futures. Dow Jones Industrial Average futures added 33 points, or 0.1%.Thursday night’s action comes as traders wait to see if the S&P 500 can rise to new records. The broad index climbed 0.8% to finish the trading day at 6,141.02, bringing it only a few points away from the intraday all-time high of 6,147.43 reached in February.The Nasdaq…
Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common stock offering of $85 million. The offering is being done through RBC Capital Markets. Core Scientific — Shares climbed 1%, building on Thursday’s 33% rally. The move higher came after The Wall Street Journal reported that CoreWeave , an artificial intelligence infrastructure vendor, was in…
JPMorgan researchers have come up with a relatively simple way to predict what’s next for the stock market, and it has good news for investors. Strategist Nikolaos Panigirtzoglou said in a note to clients that his team updated a stock prediction model that currently sees the market moving higher in the back half of the year. The model uses six signals — economic momentum, price momentum, turnover, value, positions and flows — to predict the move in the S & P 500 over the next six months. The latest reading is quite confident that stocks will go up. “The current…
Piotr Swiat | Lightrocket | Getty ImagesCore Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider.The company’s stock was briefly halted after the report, and then proceeded to have its second-sharpest rally since Core Scientific returned to the Nasdaq in January 2024 after completing a reorganization. Its biggest one-day gain came last June, when the shares popped 40% on news that the company would significantly expand its AI business with CoreWeave.The Journal reported, citing people familiar with the…
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis in trading on Thursday, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have led a recent crypto rise, as digital assets joined the resumption of the risk-on rally, with additional factors such as the potential for lower interest rates later this year, some more moderate talk from the White House on tariffs, and at least temporary easing of tensions…
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio, would allow the nation’s most important banks — including Club names Goldman Sachs and Wells Fargo — to lend more freely and maker it easier for them to buy more U.S. government bonds. The Fed now wants the enhanced supplementary leverage ratio to be applied…
UBS thinks Nvidia , Broadcom and Micron will continue to win big as artificial intelligence demand ramps up. In a note published Thursday, UBS highlighted three major pillars that will drive AI demand going forward: Model training for providers such as OpenAI, Google and Meta Consumer-facing products such as ChatGPT and AI overviews The building and maintenance of enterprise AI products “We remain constructive on AI demand trends,” the bank wrote. “We conclude that demand to train new models and consumer inference workload growth on the back of ChatGPT’s popularity and the continued rollout of various products from Meta, Google,…
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025.Kent Nishimura | ReutersA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.President Donald Trump’s $5 million Trump Card has attracted strong interest from the overseas wealthy, but it faces legal challenges and questions about the potential market size, according to immigration attorneys.Trump launched the website in June for his new immigration plan,…
