The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022.Valerie Plesch | Bloomberg | Getty ImagesLAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on $TRUMP, according to Hester Peirce, one of the agency’s veteran commissioners.The SEC said in February that it does not deem most meme coins securities under U.S. federal law. That took the crypto tokens out of its purview just weeks after President Donald Trump launched his own meme coin…
Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter.MacKenzie SigalosLAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin.Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in Washington, stole the show.The momentum behind stablecoin legislation and crypto market reform is accelerating — and it’s attracting a new kind of donor, investor, and voter. That shift took center stage at Bitcoin 2025 in Las Vegas.Vice President JD Vance became the first sitting U.S. vice president to…
The ‘Fast Money’ traders talk alcohol stocks struggling. Source link
Jonathan Raa | Nurphoto | Getty ImagesArtificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world.The milestone, which projects the company’s current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May’s end it hit $3 billion, one of the sources said.While consumers have embraced rival OpenAI’s ChatGPT, a number of enterprises have…
Jefferies’ David Zervos joins ‘Fast Money’ to talk tariffs, interest rates, and markets. Source link
In this photo illustration, Ruth Jones, Immunization Nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center on May 29, 2025 in Miami, Florida. Joe Raedle | Getty ImagesThe nation’s top public health agency posted new recommendations that say healthy children and pregnant women may get Covid vaccinations, removing stronger language that those groups should get the shots.The change comes days after U.S. Health Secretary Robert F. Kennedy Jr. announced that Covid vaccines will no longer be recommended for healthy children and pregnant women.But the updated guidance on the Centers for Disease Control and Prevention’s website sends a more…
Loretta Swit portrays Major Margaret ‘Hot Lips’ Houlihan on the CBS television series, M*A*S*H (MASH). Image dated: May 9, 1972 Los Angeles, CA.CBS Photo Archive | CBS | Getty ImagesLoretta Swit, the Emmy-winning actress most well-known for her leading role on “M*A*S*H,” has died, her representatives said Friday.She was 87.Swit died at her home in New York City just after noon Friday, her team said in a statement, citing a police report. It is suspected she died of natural causes, but a report from the coroner’s office is still pending.Swit portrayed the quick-witted Maj. Margaret Houlihan on one of TV’s…
A sign for the Public Broadcasting Service (PBS) is seen on its building headquarters on Feb. 18, 2025 in Arlington, Virginia.Kayla Bartkowski | Getty ImagesPBS on Friday sued President Donald Trump to block his effort to cut off federal funding for the public broadcaster.The U.S. Constitution and the half-century-old law governing public television “forbid” Trump from attempting to defund PBS or “serving as the arbiter” of its programming, PBS wrote in U.S. District Court in Washington, D.C.The lawsuit from PBS and one of its member stations in Minnesota came three days after NPR filed a similar suit against Trump and…
Whether the stock market can sustain its big comeback next week will hinge in large part on the employment picture, with investors counting on resilient consumer spending to prop up an economy that’s undergoing a massive upheaval from tariffs. Stocks have staged a rapid turnaround this month, with the S & P 500 rallying roughly 6% and the tech-heavy Nasdaq Composite climbing more than 9%. Tech stocks stocks tied to artificial intelligence especially benefited. Nvidia ‘s strong results this week added to renewed confidence in the sector, helping to drive up the chipmaker more than 23% in May alone. Still,…
