The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.Tami Chappell | ReutersThe Centers for Disease Control and Prevention is pulling back $11.4 billion in funds allocated in response to the pandemic to state and community health departments, nongovernment organizations and international recipients, the Department of Health and Human Services confirmed Tuesday.”The COVID-19 pandemic is over, and HHS will no longer waste billions of taxpayer dollars responding to a non-existent pandemic that Americans moved on from years ago,” HHS Director of Communications Andrew Nixon said in a statement. “HHS is prioritizing funding projects that…
LOS ANGELES — The boos rained on Mississippi State’s players every time they brought the ball up the court. They continued into halftime as the Bulldogs cheerleaders took the stage, then when Mississippi State came back out of the locker room, and when one of them tangled with Rayah Marshall in the postgame handshake line.The blame didn’t lie with them, but the USC fans needed somewhere to direct their anger. It was overwhelming. How could it not be? The air had been sucked out of the building, their greatest fear materializing in front of them. The hopes of the best…
The Trump administration seems like it just doubled down on Greenland.Vice President JD Vance announced on Tuesday that he was headed to the island later this week, taking over a controversial visit that officials in Greenland have made very clear they don’t want at all.Earlier this week, the Trump administration said that Usha Vance, the second lady, and Michael Waltz, the national security adviser, were traveling to Greenland to promote ties with the semiautonomous territory of Denmark that President Trump wants for the United States.Officials from Denmark and Greenland immediately branded the trip as “aggressive” and part of the president’s…
The outlook is getting darker for one part of the municipal bond market. The higher education sector was recently downgraded by Moody’s Ratings to negative from stable amid potential policy changes from President Donald Trump ‘s administration. Higher ed and K-12 education are the only two muni sectors Moody’s rates negative. The catalyst for the outlook change was a shift in public and private colleges’ operating environment, primarily related to growing uncertainty, explained Susan Fitzgerald, managing director of public finance at Moody’s Ratings. “The sector already had a fair number of stresses that it was addressing — particularly on the…
Meta Platforms has had a rough March, but the social media giant is a solid buy at these levels, according to Chris Grisanti, chief market strategist at MAI Capital Management. The strategist went on CNBC’s ” Power Lunch ” on Tuesday to give his takes on some of the market’s biggest movers of the day. Here is what he had to say during “Three-Stock Lunch.” Meta Platforms The Facebook parent has suffered alongside most of its Magnificent Seven peers in recent weeks, as Meta shares are down more than 6% in March. However, the social media stock is starting to…
James Dolan hung a poster in his Manhattan office that gives a peek into his worldview. It spells out a motto he sometimes drops into conversation when the man behind one of America’s glitziest sports and entertainment empires doesn’t like the terms others have set for him.If you argue for your limitations, you get to keep them.The quote is as much a reflection of how Dolan operates as the man himself. Dolan is one of the most famous owners in professional sports, the longtime operator of the NBA’s New York Knicks and NHL’s Rangers and of Madison Square Garden. He…
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance analyst at the Institute for Energy Economics and Financial Analysis. The U.S. is already producing more crude oil than any other nation in history. In December 2024, U.S. oil and gas firms produced more than 13.49 million barrels of crude per day. That’s an all-time high…
A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.Ying Tang | Nurphoto | Getty ImagesVideo game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, a move that MicroStrategy became well-known for.The meme stock jumped more than 6% in extended trading following the news. The announcement confirmed CNBC’s reporting in February on GameStop’s intention to add bitcoin and other cryptocurrencies to its balance sheet.The retailer said in a filing that a portion of its cash or future debt and equity issuances may…
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty ImagesThe newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan limit, or the maximum value for the loans the two firms will buy and guarantee.That limit is calculated each year according to current home prices. It now stands at $806,500, an increase of $39,950 (or 5.2%) from 2024.”There are no plans to do anything as it relates to…
