Immediately after the Trump administration blocked Harvard University on Thursday from enrolling future international students and retaining currently enrolled foreign students, some members of next year’s freshman class started scrambling.”I was on the phone with a parent who was visibly shaken and completely frantic,” said Christopher Rim, president and CEO of college consulting firm Command Education.Rim, who works with a large share of international students from abroad, said a few of his clients were accepted into the Class of 2029 and committed to Harvard on May 1, also known as National College Decision Day, which was just three weeks ago.Now, they don’t know what to do.”This is…
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Shares of Intuit popped about 9% on Friday, a day after the company reported quarterly results that beat analysts’ estimates and issued rosy guidance for the full year.Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal third quarter increased 15% to $7.8 billion. Net income rose 18% to $2.82 billion, or $10.02 per share, from $2.39 billion, or $8.42 per share, a year earlier.”This is the fastest organic growth that we have had in over a decade,” Intuit CEO Sasan Goodarzi told CNBC’s “Closing Bell: Overtime” on Thursday. “It’s really incredible growth across the…
European stocks appear to have mostly shrugged off U.S. President Donald Trump’s abrupt threat to impose a 50% tariff on European Union goods, regarding it as a high-stakes negotiating tactic rather than a policy set in stone. It’s one message that could be drawn from the price action in the Stoxx Europe 600 index on Friday, which closed down 1% after initial jitters followed Trump’s post on Truth Social announcing the decision. It’s certainly unlike the 2.5% to 5% losses seen in the days following April 2 “Liberation Day” tariff announcements. .STOXX 5D line Despite the sharp rhetoric, many analysts…
Trade tariff negotiations are not over yet. President Donald Trump threatened to raise tariffs up to 50% (starting June 1 st ) on the EU as talks have seemingly stalled. Equity markets immediately sold off. European equity markets tanked by 2% on the news. I want to use this surprising drop as an opportunity to create income in the S & P 500 ETF (SPY) as I believe the S & P 500 is still on track to retest its all-time highs in June. SPY YTD mountain SPDR S & P 500 ETF Trust (SPY) I’m not sure if Peter…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street declined on Friday after President Donald Trump threatened Apple and the European Union with tariffs. “I don’t think it’s down enough,” Jim Cramer said, referring to the overall stock market while noting Trump’s high tolerance for market pain as he pushes for trade deals. Lower bond yields on Friday did not help stocks. However, the 10-year Treasury yield was still elevated and above 4.5%. “On these down days, it’s always important to…
Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the U.S. Capitol Visitor Center Auditorium in Washington, D.C., on April 30, 2025.Brendan Smialowski | Afp | Getty ImagesPalantir CEO Alex Karp has sold more than $50 million worth of shares in the artificial intelligence software company, according to securities filings.The stock transactions occurred on Tuesday and Wednesday between $125.26 and $127.70 per share. Following the stock sales, Karp owned about 6.43 million shares of Palantir stock, worth about $787 million based on Thursday’s closing price.The sales were connected to a series of automatic share sales…
President Donald Trump is asking Apple to do the impossible as he threatens more tariffs if the iPhone maker fails to bring production back to the U.S., according to Barton Crockett, Rosenblatt Securities senior analyst. “It’s hard to believe that this comes to pass. This tariff asking them to do something that is pretty well-nigh impossible to do, to make iPhones at scale in this country, is not going to happen in an investable time frame, and certainly not while Trump is president,” Crockett said on CNBC’s ” Squawk Box ” on Friday. Trump said in a social media post…
Investors should buy the dip on Wix.com , according to Baird. Analyst Vikram Kesavabhotla upgraded the web development platform’s shares to outperform. While Kesavabhotla trimmed his price target by $25 to $190, the refreshed target still suggests upside of 22.6% over Thursday’s close. Kesavabhotla’s call comes amid a rough patch for shares. Wix.com has fallen more than 27% this year, while the S & P 500 has slipped less than 1% during the same period. “We think this has provided an attractive entry point into a high quality business that continues to enhance its offering,” Kesavabhotla said of the stock’s…
Elon Musk looks on as U.S. President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, D.C., U.S., May 21, 2025.Kevin Lamarque | ReutersBillionaire Elon Musk’s DOGE team is expanding use of his artificial intelligence chatbot Grok in the U.S. federal government to analyze data, three people familiar with the matter told Reuters, potentially violating conflict-of-interest laws and putting at risk sensitive information on millions of Americans.Such use of Grok could reinforce concerns among privacy advocates and others that Musk’s Department of Government Efficiency team appears to be casting aside long-established protections over…
FILE PHOTO: Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple’s Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019. Tom Brenner | ReutersThe once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in…
