Members of the military stand as US President Donald Trump reviews the troops in Emancipation Hall during inauguration ceremonies at the US Capitol in Washington, on January 20, 2025. Jim Watson | AFP | Getty ImagesAn upcoming military parade in Washington, D.C., to celebrate the U.S. Army’s 250th anniversary — which coincides with President Donald Trump’s birthday — could cost up to $45 million, the Army confirmed Thursday.The parade on June 14, the day Trump turns 79, is slated to feature 6,600 soldiers, as well as 50 military aircraft and 150 vehicles, Lt. Col. Ruth Castro, a spokeswoman for the…
Author: usaeverydaylife
Check out the companies making headlines in after-hours trading: Applied Materials — Shares fell nearly 5% in extended trading. The maker of semiconductor manufacturing equipment reported $7.10 billion in revenue in its fiscal second quarter, which was slightly lower than analysts’ expectations of $7.13 billion, according to LSEG. Semiconductor revenue of $5.26 billion for the quarter fell short of estimates of $5.31 billion. Take-Two Interactive Software — The video game company saw a 2% decline in shares after issuing weaker-than-expected guidance for full-year bookings. The company said it expects between $5.9 billion and $6 billion, while StreetAccount consensus estimates sought…
Dan Loeb’s Third Point had a busy first quarter, with the hedge fund adding seven new stock positions, each worth more than $100 million, and dumping a couple of major technology names, according to a securities filing released Thursday. One new position for Loeb was AT & T , at roughly $106 million. The exact date of the purchase is not shown, but the stock has outperformed in 2025, gaining about 20%, not including its lofty didend. One of the biggest new positions for Loeb’s fund is chip giant Nvidia . That stake was valued at $157 million as of…
CNBC’s Leslie Picker reports on Berkshire Hathaway’s latest moves. Source link
Price increases are coming soon to a Walmart near you.On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the prices of many items because of tariffs — despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from dozens of other countries face a 10% duty.”We’re trying to navigate this the best that we can,” he said in a CNBC interview. “But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming.”He said the…
Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff’s Office in Florida.Broward County Sheriff’s OfficeFederal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.More than $265 million in crypto was stolen from the victims, according to a superseding indictment obtained Thursday by CNBC.The participants, Americans and foreign nationals who allegedly became friends on online gaming platforms, are accused of spending lavishly after the thefts, including $9…
A customer exits a Cava restaurant in New York City on June 22, 2023.Brendan McDermid | ReutersCava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining.The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting same-store sales growth of 10.3%.”When we look at our consumers in the quarter, we saw an increase in premium attachment on higher priced items, like our pita chips…
Baupost Group’s Seth Klarman took stakes in several underperforming stocks in the first quarter, including fintech name Fidelity National Information Services , according to a new regulatory filing with the U.S. Securities and Exchange Commission. The Boston-based hedge fund manager, who oversees roughly $28 billion in assets , built a $261 million stake in the financial services company in the first three months of 2025, making it his fifth-largest holding. It could be a classic value play as Fidelity National fell 7.5% in the first quarter. The stock has since recovered some and was recently down 3% on the year.…
Warren Buffett’s Berkshire Hathaway dumped even more bank stocks in the first quarter, exiting Citigroup entirely and selling more Bank of America shares. The Omaha-based conglomerate sold out of its Citigroup position by the end of March, according to a new regulatory filing. The holding was worth more than $1 billion at the end of 2024 and Berkshire had owned the stock since the first quarter of 2022. Berkshire trimmed its Bank of America stake for a third straight quarter, bringing its bet to 631.6 million shares worth more than $26 billion. Even after the latest sale, the nation’s second-largest bank…
TORONTO — Canada has quietly become a global leader in digital assets.Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in recent years, while U.S. lawmakers remain stuck in gridlock — even with a pro-crypto White House and a Republican-controlled Congress. That regulatory clarity has made Toronto a launchpad for blockchain growth, and Wall Street is taking notice.Robinhood’s recent acquisition of Canadian crypto firm WonderFi, owner of Bitbuy and Coinsquare, plugs it into Canada’s established user base.”Canada is a very attractive market for…
