ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRebecca Patterson, Council on Foreign Relations senior fellow, joins ‘Fast Money’ to talk the possible outcomes of a politicized Fed and how that could hurt the economy in the long run. Source link
Author: usaeverydaylife
Check out the companies making headlines in after-hours trading. MongoDB — Shares of the developer data platform company popped more than 21% after MongoDB topped Wall Street’s expectations. The company reported adjusted earnings of $1 per share on revenue of $591 million, beating earnings estimates of 66 cents per share on revenue of $556 million, per LSEG. PVH — The apparel company saw its shares jump 5%. PVH reported fiscal second-quarter adjusted earnings of $2.52 per share on revenue of $2.17 billion, while analysts surveyed by LSEG expected earnings of $2.01 per share on $2.12 billion in revenue for the…
NASA administrator Sean Duffy visits the Neil A. Armstrong Operations and Control Building at the Kennedy Space Center for Space Launch Complex 39A before the NASA and SpaceX Launch Crew-11 mission to the International Space Station on July 31, 2025 in Cape Canaveral, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesTransportation Secretary Sean Duffy pulled $175 million from California’s high-speed rail project on Tuesday, just a month after canceling $4 billion in federal grants.Duffy cited four projects related to the broader California high-speed rail initiative that would lose funding, including track extensions, grade separations, design work and the construction of…
Lisa Cook, governor of the US Federal Reserve, arrives for the morning session of the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Saturday, Aug. 23, 2025.David Paul Morris | Bloomberg | Getty ImagesThe Federal Reserve on Tuesday said it would abide by any court decision on whether President Donald Trump has the legal authority to fire Board of Governors member Lisa Cook.The Fed, in a statement from a spokesperson, noted that “Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that…
Okta CEO Todd McKinnon appears on CNBC in September 2018.Anjali Sundaram | CNBCOkta shares rose 4% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections.Here’s how the company did in comparison with LSEG consensus:Earnings per share: 91 cents adjusted vs. 84 cents expectedRevenue: $728 million vs. $711.8 million expectedOkta’s revenue grew about 13% year over year in the fiscal second quarter, which ended on July 31, according to a statement. Net income of $67 million, or 37 cents per share, was up from $29 million, or 15 cents per share, in…
The S & P 500 ‘s quarterly shakeup has become a favorite guessing game for traders. New Wall Street research suggests the index’s upcoming rebalance could give spots to one hot AI company and some other well-loved stocks. The S & P Dow Jones Indices announced on Monday that Interactive Brokers will replace Walgreens Boots Alliance , which is set to go private, in the S & P 500 on Thursday. Shares of the brokerage, which was the largest financial stock in S & P 400 Midcap index, jumped on Tuesday following the announcement before giving up the bulk of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Bitwise files an application with the SEC to add a spot Chainlink ETF to its investment offerings. Plus, Bitget CEO Gracy Chen explains what’s driving digital asset prices right now and whether the international crypto exchange plans to expand to the United States. Source link
U.S. President Donald Trump gestures during a cabinet meeting at the White House in Washington, D.C., U.S., August 26, 2025.Jonathan Ernst | ReutersPresident Donald Trump said Tuesday he will soon have a “majority” of his own nominees on the Federal Reserve board of governors who will back his desire to slash interest rates.Trump’s comment at a Cabinet meeting came hours after he took the unprecedented step of moving to fire central bank Governor Lisa Cook, an appointee of former President Joe Biden, from the board.Trump has already appointed two of the Fed board’s seven governors, and he is poised to…
Rocket Lab (RKLB) may be setting up for yet another breakout after an absolutely amazing 12 months that saw the stock go from $6 to current levels near $49. I stopped myself several times from using obvious puns and metaphors such as “lift off,” “blast off” or “exploding higher,” but these all apply to this new age growth company. Rocket Lab has completed more than 70 successful launches, making it the second most active commercial launch company behind SpaceX. I think we still move higher and just this morning I increased my holding from 4% to 7% in my Active…
US singer-songwriter Taylor Swift kisses Kansas City Chiefs’ tight end #87 Travis Kelce after the Chiefs won Super Bowl LVIII against the San Francisco 49ers at Allegiant Stadium in Las Vegas, Nevada, February 11, 2024. Patrick T. Fallon | Afp | Getty ImagesYour favorite post-pandemic economic engine shared some personal news on Tuesday.Singer Taylor Swift announced her engagement to Kansas City Chiefs tight end Travis Kelce via social media. The pair’s afternoon post included pictures featuring a engagement ring that has been described as “cushion cut.”Shares of Signet Jewelers, one of the few jewelers that trades on major exchanges, spiked immediately…
