An income-producing asset class made its way into the spotlight this month – and it may be attractive for investors who are willing to take some risk in exchange for hefty dividend yields. Mortgage real estate investment trusts hold mortgages and mortgage-backed securities. They lend money to developers and other parties on a range of real estate properties, and they invest in mortgage loans. They’re different from equity REITs, which purchase real estate and collect rents from tenants. Earlier this month, mortgage REITs got a shoutout from legendary investor Bill Gross, who posted on social media platform X , “I…
Author: usaeverydaylife
Check out the companies making headlines in extended trading. FedEx — Shares slipped more than 4% after the shipping company reported an earnings miss in the fiscal third quarter. FedEx posted adjusted earnings of $4.51 per share, while analysts polled by LSEG had called for $4.54 per share. Meanwhile, quarterly revenues of $22.16 billion came slightly above consensus forecasts for $21.89 billion. Micron Technology – The provider of memory and storage solutions jumped 4%. Micron offered a rosy outlook for the fiscal third quarter, calling for adjusted earnings of $1.57 per share on $8.80 billion of revenue. That surpassed Wall…
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesMicron shares popped 6% in extended trading on Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance.Here’s how the company did:Earnings per share: $1.56, adjusted vs. $1.42 expected by LSEG.Revenue: $8.05 billion vs. $7.89 billion expected by LSEG.Revenue increased 38% from $5.82 billion during the same period last year, Micron said in a press release. The memory and storage solutions company reported net income of $1.58 billion, or $1.41 per share, up from $793 million,…
When USWNT star Trinity Rodman and tennis player Ben Shelton made their relationship public this week, they became the latest in a long line of high-profile sporting/celebrity couples.The pair’s ‘Instagram official’ moment — or their ‘hard launch’ to use language that only people of a certain generation will recognise or abide — involved Shelton, the world No 14, posting a picture of them smooching in a lift. Textbook.But what can the pair, both 22, expect now they have entered into a relationship that will spawn thousands of gossip-based internet stories and millions of comments on social media about their very…
Energy Secretary Chris Wright said Thursday that the oil market is discounting President Donald Trump’s push to produce more crude and gas in the United States.”We’ve seen a market discounting the fact that clearly it’s going to be easier to produce oil and gas in the United States,” Wright told CNBC’s “Squawk Box.” “More supply is going to come, and that’s pushed down prices of oil, gasoline, home heating fuels, everything across the board, that’s a win to the American people.”U.S. crude oil futures have fallen nearly 14% since Trump took office on Jan. 20. Trump has made energy a…
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru sees heighted risk of a recession.”I believe that investors should have already upgraded their portfolios … I think that we’re going to have another bout of risk,” Gundlach said on CNBC’s “Closing Bell.”Gundlach, whose firm managed about $95 billion at the end of 2024, said DoubleLine has lowered the amount of borrowed funds to amplify positions in its leveraged funds to the…
Beleaguered electric vehicle maker Tesla has been forced to contend with a tumultuous past few months, but its woes are not over yet, according to Boris Schlossberg, managing director of FX strategy at BK Asset Management. Shares of Tesla have tumbled 42% in 2025, erasing their postelection rally. On Thursday, the stock briefly slipped as much as 2.5% after Tesla recalled 46,000 Cybertrucks due to a cosmetic exterior panel that could increase the risks of a crash. TSLA 1Y mountain TSLA 1Y chart But in an interview on CNBC’s ” Power Lunch ” on Thursday, Schlossberg said Tesla has further…
Michael Intrator, Co-founder & CEO, CoreWeave, on Centre Stage during day two of Web Summit 2024 at the MEO Arena in Lisbon, Portugal.Carlos Rodrigues | Sportsfile | Getty ImagesCoreWeave, a startup that has grown rapidly by selling Nvidia’s artificial intelligence processors, said in a filing on Thursday that it plans to raise up to $2.7 billion in its upcoming initial public offering.After filing its initial prospectus earlier this month, CoreWeave updated the document with an expected pricing range of $47 to $55 per share. The company said it plans to sell 49,000 shares in the offering, including some from existing…
A car drives past a building of the Digital Reality Data Center in Ashburn, Virginia, U.S., March 17, 2025. Leah Millis | ReutersSovereign wealth fund ADQ and American private equity firm Energy Capital Partners, or ECP, have signed a deal for a $25 billion investment partnership dedicated to increasing power generation, primarily in the U.S., to serve data center needs, the companies announced Wednesday.The partnership “aims to service the growing power needs of data centers, hyperscale cloud companies and other energy-intensive industries,” a joint statement by the firms read. “As the continuity and quality of power supply is crucial for these…
The Athletic has live coverage of 2025 Men’s March MadnessWhen Kyler Filewich stepped to the free-throw line with 5:32 to play in the Southern Conference championship game, with Wofford leading 77-74 and an NCAA Tournament berth tantalizingly close, the Terriers held their breath.A key chance for Wofford to extend its lead and pad its postseason hopes hung on a career 34 percent free-throw shooter.What happened next took a lot of people watching by surprise. Filewich, a 6-foot-9 senior center, took a dribble, brought the ball down in front of him with both hands, bent his knees and let it fly,…
