The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Traders work on the floor of the New York Stock Exchange on Jan. 10, 2025 in New York City. Spencer Platt | Getty ImagesStock futures rose on Monday evening, as investors braced themselves for the first of two inflation readings due this week.Futures tied to the Dow Jones Industrial Average gained 65 points, or about 0.2%. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures climbed 0.3%.The action comes after the Nasdaq Composite slid for the fourth consecutive day in the regular session. Traders rotated out of Big Tech names like Nvidia, which slid nearly 2%, and snapped up stocks in…
A member of the U.S. Army Herald Trumpets participates in a rehearsal for inauguration on the West Front of the U.S. Capitol on January 12, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesDonald Trump’s presidential transition team on Monday released a schedule of official parties, gatherings and other events that will surround his inauguration as the 47th U.S. president next week.The four-day schedule includes a fireworks show and three VIP events at Trump’s golf course outside of Washington, D.C., as well as a celebratory MAGA rally on the eve of his swearing-in ceremony.It also includes three inaugural balls, a relatively…
Joey Levin, CEO of IAC.Anjali Sundaram | CNBCBarry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017.IAC said it expects the transaction to close in the second quarter of the year. The two companies will post their respective fourth-quarter results when IAC reports on Feb. 11. Angi was founded in 1995 as Angie’s List, which went public on the Nasdaq in 2011.As part of the spinoff, IAC CEO Joey Levin will leave his role and become an advisor to the company. Levin will also take on a new…
The approaching resolution to the Roki Sasaki sweepstakes has international baseball scouts and executives bracing for unusual activity.“It could get crazy,” an experienced international evaluator said this week.Sasaki, the highly sought-after 23-year-old pitcher from Japan, has shaken the international market. Sasaki can only be signed through each team’s international bonus pools, which range from roughly $5.1 million to $7.5 million. MLB’s international signing period opens every year on Jan. 15. Sasaki’s agent Joel Wolfe said he anticipates his client signing at some point between that date and Jan. 23, when Sasaki’s negotiation window closes.The Padres, Dodgers, Mets, Yankees, Cubs, Giants,…
Yeah, usually I go out in the mornings, take a ride up and down the streets, make sure everybody’s OK, make sure everybody’s got water. I grew up out here since I was a tiny kid, born and raised, and I don’t even recognize these streets. Everybody needs to evacuate. But I was still here. The next thing you know, it was cherry red around us. Then my nephew showed up. I was like let’s get up here and start putting water on the houses. So we started dousing the house next door. Out of nowhere, the fire department showed…
The pullback in big tech stocks could be a good buying opportunity, according to BlackRock’s Rick Rieder. When asked on CNBC’s ” Closing Bell ” Monday whether he would be a buyer on the dip of the Nasdaq Composite index, Rieder replied, “One hundred percent.” “Particularly some of the big cap names,” he said prior to the market close. “I would love to buy them at cheaper multiples.” The Nasdaq lost 0.38% on Monday as big tech names continued to sell off. .IXIC 1Y mountain Nasdaq Composite Index Rieder, BlackRock’s chief investment officer of global fixed income, said he would…
Participants work out at Barry’s Bootcamp at Red Studios in Los Angeles. Wally Skalij | Los Angeles Times | Getty ImagesAs the boutique fitness sector starts to buckle, Barry’s Bootcamp on Monday announced new investment from Princeton Equity Group.”The reason why this [boutique fitness] works for Barry’s is that our positioning in the marketplace is premium,” said Joey Gonzalez, Barry’s co-CEO, in an interview with CNBC. “We always want to minimize risks to any sort of brand dilution, and we only ever want to elevate the Barry’s experience.”Gonzalez said this funding round will be focused on investing in client experience and…
Scott Olson | Getty ImagesThe Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to their brokerage operations.The violations by Robinhood Securities LLC and Robinhood Financial LLC related to failures to report suspicious trading in a timely manner, failing to implement adequate identity theft protections, and failing to adequately address unauthorized access to Robinhood computer systems, the SEC said.The two Robinhood entities also had longstanding failures to maintain and preserve electronic communications, failed to retain…
Chinese social media app RedNote has skyrocketed to the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S.RedNote, or Xiaohongshu, as it’s known in China, is the No. 1 free app on the Apple app store as of Monday, followed by TikTok’s photo-sharing Lemon8 app and OpenAI’s ChatGPT.Many TikTok creators are rushing to find alternatives where they can continue posting videos while waiting to see what happens with TikTok, which faces a potential Jan. 19 ban in the U.S. The Supreme Court held oral arguments last week about the April law setting…
