CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesAfter popping this week, CoreWeave shares are up about 65% since the company’s IPO earlier this year. Nvidia is a big beneficiary. Nvidia owned nearly $900 million worth of shares in CoreWeave at the end of March, according to a filing from the chipmaker on Thursday. Assuming Nvidia hasn’t sold any shares since then, that stake is now worth close to $1.6 billion, as…
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Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | ReutersSaudi Aramco said on Wednesday it had signed 34 preliminary deals with major U.S. companies, potentially worth up to $90 billion in a push to deepen commercial ties with the United States on the back of President Donald Trump’s visit to the kingdom.The announcement was made a day after Riyadh pledged $600 billion in U.S. investments.Still, most tie-ups listed by the state oil giant were memorandums of understanding without a value attached. Some deals have also been previously announced, such as the agreement…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichael Ha, senior research analyst at Baird, joins ‘Fast Money’ to discuss UnitedHealth Group as the healthcare giant’s stock plunged on reports of a DOJ probe into possible Medicare fraud. Source link
A trader works on the floor at the New York Stock Exchange on May 12, 2025.Brendan McDermid | ReutersStock futures traded near the flatline Thursday night after the S&P 500 posted a four-day rally on the back of U.S. and China’s temporary tariff cuts and encouraging inflation reports.Futures tied to the Dow Jones Industrial Average added 41 points, or 0.1%. S&P 500 futures added 0.03%, while Nasdaq 100 futures inched up 0.04%.Stocks have made a strong comeback since U.S. and Chinese officials earlier this week agreed on a 90-day truce in their tariff measures, which eased investors’ fears of escalating…
Managing Asia’s Christine Tan speaks with Sabin Aboitiz, President & CEO of the Aboitiz Group, as he leads one of the Philippines’ oldest conglomerates through an ambitious transformation.Managing Asia’s Christine Tan spoke with Sabin Aboitiz, President & CEO of the Aboitiz Group, as he leads one of the Philippines’ oldest conglomerates through an ambitious transformation.Tracing its roots to the abaca fiber trade in the 1800s, the Aboitiz Group now spans energy, banking, food and real estate. It is also setting its sights on becoming the country’s first “techglomerate.”Sabin shared candid insights on the family values that have sustained the company…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBill Simon, former Walmart U.S. CEO, joins ‘Fast Money’ to discuss the discount retailer’s better-than-expected Q1 earnings, the company’s plan to raise prices on some items due to tariffs, and more. Source link
Former FBI Director James Comey speaks at Harvard Kennedy School with Harvard’s Eric Rosenbach on February 24, 2020 in Boston, Massachusetts.Paul Marotta | Getty ImagesThe Department of Homeland Security and Secret Service are investigating a social media post by former FBI Director James Comey that several U.S. officials interpreted as calling for the assassination of President Donald Trump, Homeland Security Secretary Kristi Noem said Thursday.In a now-deleted post on Instagram, Comey shared a photo of what he described as a “shell formation” on a beach that formed the numbers “8647.” The post was swiftly condemned by administration officials, Republican lawmakers and Trump allies…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 12, 2025. Brendan Mcdermid | Reuters There’s a lightness in the air in Wall Street. Stocks have been rising throughout the week. The S&P 500 has just ended its fourth straight session in the green, giving it a 4.54% bump so far over the past four days.Tariffs are looking less thorny, for sure, as the U.S. negotiates agreements with other countries. But that’s not to say it’ll be a perfectly smooth path ahead.For instance, despite its agreement with the U.S., China is…
Michael Burry, who shot to fame by calling the subprime mortgage crisis, loaded up on bearish bets against Nvidia and Chinese internet stocks in the first quarter. Burry’s hedge fund, Scion Asset Management, owned millions of dollars worth of put contracts against Nvidia , Alibaba , PDD Holdings , JD.com and Baidu , with unknown value, strike price or expiration, according to a new regulatory filing. Investors profit from puts when the underlying securities fall in prices. Without knowing the specifics of these put contracts, it is hard to tell if the positions were profitable even though the stocks suffered a…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
