U.S. President Donald Trump speaks, as he makes an announcement on the economy, in the Oval Office at the White House in Washington, D.C., U.S., August 7, 2025. Jonathan Ernst | ReutersU.S. President Donald Trump on Thursday signed a memorandum that requires universities to collect admissions data to prove they are not engaged in efforts to shape their student bodies along racial lines, according to the White House.But the largest higher education policy and lobbying organization in the U.S. said the wording of the memo was vague. The American Council on Education also said it may be illegal for schools…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Congress is weighing a bill that would send Americans hundreds of dollars in the form of tariff rebate checks — similar to the pandemic stimulus checks — in potential efforts to soften the financial blow of the administration’s new tariffs.The current version of the bill promises “at least” $600 for every adult and dependent child. For example, if you’re a family of four, you’d get $2,400. The amounts would phase out for married couples making over $150,000 a year.What do you need money for? Get matched with the right financial product.The legislation, dubbed the American Worker Rebate Act, was introduced by…
Jack Dorsey, co-founder and CEO of Block Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock shares jumped in extended trading on Thursday after the fintech company increased its forecast for the year.Here is how the company did, compared to analysts’ consensus estimates from LSEG.Earnings per share: 62 cents adjusted vs. 69 cents expectedBlock doesn’t report a revenue figure, but said gross profit rose 14% from a year earlier to $2.54 billion, beating analysts’ estimates of $2.46 billion for the quarter. Gross payment volume increased 10% to $64.25…
Check out the companies making headlines after the bell : Expedia Group — The travel booking website’s shares skyrocketed more than 15% in extended trading after the company’s second-quarter earnings and revenue beat expectations. Expedia also raised guidance for bookings and revenue for the full year. Block — Shares of the Cash App parent gained nearly 7%. Block stepped up its guidance for full-year gross profit to $10.17 billion. That’s up from its earlier call for $9.96 billion. Akamai Technologies — The cloud computing company rose 3%. Akamai raised its full-year guidance, calling for adjusted earnings to range from $6.60…
The ‘Fast Money’ talks Apple’s recent momentum and if it could be re-rated. Source link
WASHINGTON, DC August 6: US President Donald Trump shakes hands with CEO of Apple Tim Cook during a meeting in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty ImagesPresident Donald Trump has made clear that he wants Apple to make iPhones in the U.S.Apple CEO Tim Cook is doing what he can to appease the commander in chief, without making that ultimate concession.Cook on Wednesday appeared at the White House with President Trump to announce plans to spend about $600 billion over four years in the U.S. Apple…
The Omada Health logo is displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesOmada Health reported quarterly results for the first time since its IPO in June.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Loss: Loss per share of 24 cents.Revenue: $61 million vs. $55.2 million expectedThe virtual care company’s revenue increased 49% in its second quarter from $41.21 million a year earlier. The company reported a net loss of $5.31 million, or a 24-cent loss per share, compared to a net loss of $10.69 million, or $1.40 loss per share, during the same period last…
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.Brendan McDermid | ReutersPinterest shares were down more than 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: $0.33 cents Adj. vs. $0.35 cents expectedRevenue: $998 million vs. $975 million expectedSales in Pinterest’s second quarter grew 17% year-over-year while net income was $38.76 million, up from $8.9 million a year ago during the same period.Pinterest said that third-quarter sales will come in between…
President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday.The nominee will serve out Kugler’s term, which expires Jan. 31, 2026.”In the meantime, we will continue to search for a permanent replacement,” Trump said in a Truth Social post, indicating that the nominee for the full 14-year term on the board could be someone else and Miran may just be in a caretaker role.Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside…
