ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
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Douglas Sacha | Moment | Getty ImagesForeign holdings of U.S. Treasuries soared to a record high in March, data from the Treasury Department showed on Friday, rising for a third straight month, as demand for U.S. government debt remained robust a few months after President Donald Trump took office.Holdings of U.S. Treasuries surged to $9.05 trillion in March, an all-time peak and up more than $233 billion from $8.81 trillion in February. Compared with a year earlier, Treasuries owned by foreigners rose nearly 12%.Some analysts said that trend could change in April as the Trump administration introduced a massive trade…
There’s a silver lining in the uncertain path of the economy and Federal Reserve rate policy: Some banks are in a holding pattern and paying rich yields for certificates of deposit. Since the end of March, the average rate on a CD has been relatively unchanged, according to Morgan Stanley analyst Betsy Graseck. While 10 of the 38 banks in the firm’s coverage have pulled back their highest offered CD rate since then, the reductions were largely offset by some institutions’ move to raise their yields, she said in a May 9 note. Still, rates are down considerably since last…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailNBC News and MSNBC medical contributor Dr. Kavita Patel joins ‘Fast Money’ to discuss Novo Nordisk after the company ousted its CEO on Friday, the competition among obesity drug makers, and more. Source link
A judge on Friday sentenced an Alabama man to 14 months in prison for his role in the January 2024 hack of the Securities and Exchange Commission’s X account, which was used to send out a tweet that briefly spiked the price of bitcoin by more than $1,000, the Justice Department said.The man, Eric Council Jr., pleaded guilty three months ago in U.S. District Court in Washington, D.C., to conspiracy to commit aggravated identity theft and access device fraud in connection with helping others who took control of the SEC’s account.The X account was used to falsely claim that the…
Nurphoto | Nurphoto | Getty ImagesApple users experienced problems with a range of the company’s payment features on Friday.Wallet and Apple Pay were the last payment issues to be resolved, according to the company’s support site. Earlier in the day, nearly 3,000 users reported issues with Apple Pay, according to Downdetector, a website that tracks outages.Some users were also experiencing problems with Apple Card and Apple Cash, but those outages were resolved earlier, the support site said.CNBC has reached out to Apple for comment. Source link
New regulatory filings showed that Warren Buffett ‘s Berkshire Hathaway doubled its position in beer-and-wine producer Constellation Brands last quarter. But at least one investor doesn’t agree with the “Oracle of Omaha’s” investment. Main Street Research’s Chief Investment Officer James Demmert joined CNBC’s ” Power Lunch ” on Friday to offer his take on two Buffett trades, alongside one other market mover. Here’s what he had to say during the show’s “Three-Stock Lunch” segment. Constellation Brands Berkshire doubled its stake in Constellation Brands last quarter, increasing the value of the position to around $2.2 billion. Shares of Constellation Brands, which…
Kent Nishimura | Los Angeles Times | Getty ImagesMoody’s Ratings slashed the United State’s credit rating down a notch to Aa1 from the highest triple A on Friday, citing the budgetary burden the government faces amid high interest rates. “This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” the ratings agency said in a statement.The U.S. is running a massive budget deficit as interest costs for Treasury debt continued to rise due to a combination of…
(COMBO) This combination of pictures created on January 31, 2025 shows (L) Nvidia CEO Jensen Huang in Las Vegas, Nevada on January 6, 2025, and US President Donald Trump in the Oval Office of the White House in Washington, DC on January 31, 2025. Jensen Huang, CEO of AI chip giant Nvidia, met January 31, 2025 with President Donald Trump as the company suffered a rough week on Wall Street over competition with China and the threat of tariffs on semiconductors.Getty ImagesIt’s been a stellar week for technology stocks thanks to thawing global tensions and President Donald Trump’s Middle East…
Wall Street has enjoyed a banner week, with broad gains for equities on the heels of the U.S.-China tariff truce. It would have looked even better if you could remove one stock. Health insurance giant UnitedHealth Group dropped more than 23% this week following a string of bad headlines. On Tuesday, the company pulled its 2025 guidance and announced that CEO Andrew Witty was stepping down . On Wednesday, The Wall Street Journal reported that the company is facing a Department of Justice investigation over possible Medicare fraud . UnitedHealth said it has not been notified of any investigation. UNH…
