Michael Bright, Structured Finance Assoc. CEO and Fmr. Ginnie Mae COO, joins ‘Fast Money’ to talk the possibility of Fannie Mae and Freddie Mac going public. Source link
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Personal and small business cards issued by U.S. Bank are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase. You can also check out our list of best credit cards for alternative options.A 0% APR credit card can be a helpful financial tool when you need to finance a large purchase or consolidate outstanding credit card balances. You can get up to 24 months of zero interest, making it easier to make payments over a longer period without going into debt.But these types of…
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCElon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company.”Tesla’s stock price volatility, declining sales, as well as disconcerting reports regarding the company’s human rights practices, and a plummeting global reputation are cause for serious concern,” the investors wrote in a letter to Robyn Denholm, the company’s board chair. “Moreover, many issues are linked to Mr. Musk’s actions outside of his role as Technoking…
Check out the companies making headlines in after-hours trading. Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for earnings of 93 cents a share on revenue of $43.31 billion, according to LSEG. HP — Shares of the personal computing company tumbled 15%. HP shared disappointing guidance , anticipating its fiscal third-quarter adjusted earnings will land between 68 cents to 80 cents per share.…
Palantir and Constellation Energy are buys that will benefit from the rise in artificial intelligence, while Salesforce faces rising competition in workflow software, according to David Kudla, founder and CEO at Mainstay Capital Management. Kudla joined CNBC’s “Power Lunch” to discuss his views on the three stocks. Palantir Palantir , which has outperformed its peers after surging 64% in 2025, is still a buying opportunity for investors looking to tap into government demand for the company’s AI-enabled tools. “We still think Palantir is a buy. Probably a buy on the dips,” said Kudla, who added that he bought the stock…
Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Chris Ratcliffe | Bloomberg | Getty ImagesSalesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance.Here’s how the company performed relative to LSEG consensus:Earnings per share: $2.58 adjusted vs. 2.54 expectedRevenue: $9.83 billion vs. $9.75 billion expectedSalesforce’s revenue grew 7.6% year over year in the quarter, which ended on April 30, according to a statement. Net income of $1.54 billion, or $1.59 per share, was basically flat…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta’s AI assistant now has 1 billion monthly active users across the company’s family of apps, CEO Mark Zuckerberg said Wednesday at the company’s annual shareholder meeting.The “focus for this year is deepening the experience and making Meta AI the leading personal AI with an emphasis on personalization, voice conversations and entertainment,” Zuckerberg said.The artificial intelligent assistant’s 1 billion milestone comes after the company in April released a standalone app for the tool.The plan is for…
Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021.Andreas Rentz | Getty ImagesQuasi-governmental financial firm Fannie Mae on Wednesday announced a partnership with defense tech player Palantir to detect mortgage fraud, deepening ties between the federal government and a company that has been a big winner in the second Trump administration.Priscilla Almodovar, Fannie Mae CEO, said Wednesday at a press event that the goal is for the firm to “identify fraud more proactively” with the help of Palantir, starting with its multi-family housing business. An early test showed that Palantir’s…
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty ImagesE.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare. The acquisition – E.l.f.’s biggest ever, according to FactSet – is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in…
The S & P 500 has displayed three key characteristics over the last few weeks, which it will need to replicate for this rally to continue: strong breadth, low two-way volatility, and successful bullish patterns. Strong breadth Tuesday’s trading session couldn’t have gone much better for stock market bulls — as the early positive response to news produced an opening upside gap, which then was bought throughout the day. That resulted in a close near the highs and breadth that surpassed +90%. It was the S & P 500’s fourth 90% breadth day since the April 7 low (vs. two 90% down…
