The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Sam Altman, left, and Elon Musk.Muhammed Selim Korkutata | Anadolu | Getty ImagesThere’s a new company at the center of the intensifying battle between Elon Musk and Sam Altman: Apple.Musk and Altman, who helped start OpenAI a decade ago with a group of other co-founders, had a public falling out that led to a legal fight last year, with Musk accusing Altman of breach of contract for abandoning the artificial intelligence company’s founding mission.The back-and-forth war of words and lawsuits took another dramatic turn on Monday, when Musk threatened Apple with “immediate” legal action over alleged antitrust violations. Musk’s complaint,…
The exterior of the Smithsonian’s National Museum of American History, after the museum removed explicit reference to U.S. President Donald Trump from an exhibit about impeachment according to a spokesperson, in Washington, D.C., U.S., August 1, 2025.Annabelle Gordon | ReutersThe White House told the Smithsonian Institution it will conduct a comprehensive review of Smithsonian museums and exhibits to “ensure alignment with” President Donald Trump’s “directive to celebrate American exceptionalism,” according to a letter Tuesday.The White House’s letter directs eight Smithsonian museums to turn over materials within 30 days about any exhibits related to America’s 250th anniversary, other exhibits, and educational…
Market watchers are predicting another rally for gold after U.S. President Donald Trump confirmed the metal would be exempt from new tariffs — even as some uncertainty lingers. Last week, U.S. gold futures touched on an all-time high following reports that some gold bars could be hit with Trump’s so-called reciprocal tariffs. There had been some confusion over whether gold would be exempt from the new import duties. On July 31, a Swiss gold refiner was told in a ruling from the U.S. Customs and Border Protection agency (CBP) that their one-kilogram and 100-ounce gold bars should be categorized under…
Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.With a high-yield savings account, you can get a solid interest rate and your money grows even faster thanks to compound interest — which lets you earn interest on interest. The higher your rate, the faster your money grows and the better return you earn on your money.To determine the top high-yield savings accounts, CNBC Select compared those with an above-average APY, FDIC insurance, zero monthly…
Do Kwon, a South Korean cryptocurrency executive charged with fraud, stands with his attorney David Patton to plead guilty in front of U.S. District Judge Paul Engelmayer in New York City, New York, U.S., August 12, 2025 in this courtroom sketch. Jane Rosenberg | ReutersDo Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud.Kwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the plea at a court hearing in New…
Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesCoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenueHere’s how the company did in comparison with LSEG consensus:Earnings per share: Loss of 21 centsRevenue: $1.21 billion vs. $1.08 billion expectedRevenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss, compared with a $323 million loss in…
Crocs got hammered — down nearly 30% after the Thursday report — after cautious guidance tied to the macro backdrop overshadowed an earnings beat. Sure, uncertainty is everywhere right now, but such a flush on a name that still topped earnings looks overdone. Analyst views are mixed, yet even the downgrades (Stifel, Barclays, BofA, KeyBanc) carry price targets in the $80–$100 range — still above where CROX is trading. I’m not expecting fireworks here, but the setup I like only needs CROX to trade around $77 —about 50 cents from current levels — to deliver a 100% return on risk.…
Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter.For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%.Shares of the company plunged more than 20% in extended trading. The stock has fallen 40% this year, including the after-hours move.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 16 cents vs. 13 cents…
E. J. Antoni, Ph.D., Former Economist, Texas Public Policy FoundationCourtesy: Texas Public Policy FoundationHeritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports.Antoni, in an interview last week with Fox News Digital, questioned the accuracy of those monthly reports, which are key economic indicators that Wall Street investors and economists rely upon to assess the health of the U.S. labor market.”How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary…
