Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersElon Musk’s Tesla is facing a federal probe by the National Highway Traffic Safety Administration after the U.S. auto safety agency found that the company was not reporting crashes as required.According to documents posted to NHTSA’s website on Thursday, the agency’s Office of Defects Investigation had “identified numerous incident reports” from Tesla concerning crashes that had “occurred several months or more before the dates of the reports” to the agency.The delayed reports were…
Author: usaeverydaylife
Share buyback announcements among S & P 500 companies are approaching $1 trillion in 2025, and investors can turn to a few names to help bolster their portfolio’s returns, according to Jefferies. This year, announced share repurchases for constituents in the broad market index have totaled $936 billion, up 30% from the year-ago period, the firm said. These buybacks have helped lift the S & P 500 , which is up more than 8% in 2025. Big names that have shared plans to snap up shares this year include Apple – which announced a $100 billion buyback plan in May…
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Homestead, Florida.Joe Raedle | Getty ImagesShares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh.The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving behind just the words “Cracker Barrel” against a yellow background. The phrase “old country store” has also been removed.The company said the colors in the logo were inspired…
After pulling back to an ascending 200-day moving average in mid-June, shares of Mastercard (MA) have resumed a strong uptrend phase. Having regained moving average resistance in recent weeks, MA is once again testing its all-time high around $595. With strong momentum readings and improving relative strength, this week’s breakout could lead to much further highs for this global payments giant. The daily chart of Mastercard shows how quickly the stock recovered from its Q1 sell-off into the April low. By early May, the financial services leader had regained 100% of the downtrend phase. But after making a new all-time…
A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025. Al Drago | Bloomberg | Getty ImagesSales of previously owned homes rose 2% in July compared with June to 4.01 million units, on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts had been expecting a slight decline. Sales were 0.8% higher than July 2024.These sales are counted by closings, so contacts likely signed in May and June, when the average rate on the 30-year fixed mortgage was in decline. That rate exceeded 7%…
UnitedHealth was among the stocks that made the coveted Goldman Sachs “Hedge Fund VIP” basket last quarter as professional traders piled into the beaten-down insurer. The Wall Street bank analyzed the holdings of 981 fundamentally driven hedge funds with $3.8 trillion of gross equity positions at the end of the second quarter, based on regulatory filings. It then compiled a basket of the most popular long positions, consisting of 50 stocks that most frequently appear among hedge funds’ 10-largest holdings. This VIP basket has outperformed the S & P 500 this year with a gain of 15%, compared to the S…
Leon Cooperman on CNBC’s “Halftime Report.”Scott Mlyn | CNBCA 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.Family offices are known to invest for the long haul, sometimes for generations. But after President Donald Trump’s tariff announcements in April, the family offices of billionaire investors were quick to make significant changes to their portfolios, according to second-quarter securities filings analyzed by CNBC.Some moves were clearly connected to tariff and recession fears. In the three months ended June 30,…
U.S. Representative Jamie Raskin speaks during a House of Representatives Oversight Committee hearing on the Attempted Assassination of former President Donald J. Trump.Mostafa Bassim | Anadolu | Getty ImagesTwo top House Democrats are investigating whether Paramount and Skydance Media acquiesced to “illegitimate demands” from President Donald Trump in order to win approval for their $8 billion merger.”Two wrongs do not make a right,” Reps. Jamie Raskin of Maryland and Frank Pallone of New Jersey wrote to David Ellison, CEO of the newly formed Paramount Skydance Corporation, in a letter obtained by CNBC.”Illegitimate demands from the [Federal Communications Commission] or the…
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 cents in earnings per share that analysts were looking for. The company also forecast a weak first half of fiscal 2026, but said a turnaround should be in store for the second half, supported by new product launches and tariff mitigation efforts taking hold. Paramount…
Nvidia is the leader in the semiconductor industry. Ahead of its fiscal second-quarter earnings report on Wednesday, and largely due to its dominance in artificial intelligence, Nvidia is the largest publicly traded company in the world by market capitalization — and by a substantial margin. The difference between the valuation of Nvidia and second-place Microsoft is large enough to buy Exxon Mobil with some change left over. Here’s another superlative” Nvidia has a total return of more than 32,000% over the past 10 years. This extraordinary investment performance is driven by the company’s GPUs, which offer superior parallel processing, essential…
