The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024.NYSEStock futures were little changed Wednesday night. The action comes after the major averages rallied after the Federal Reserve stuck with its outlook for two interest rate cuts in 2025.Futures tied to the Dow Jones Industrial Average added 43 points, or 0.1%. S&P 500 futures were up 0.1%, while Nasdaq 100 futures climbed 0.1%.While the Fed kept the federal funds rate at a range of 4.25% to 4.5% in a widely anticipated move on Wednesday, the central bank also maintained a forecast for two rate cuts…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesCoreWeave, the artificial intelligence startup backed by Nvidia , is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday.The price range, which has not been previously reported, would translate into an offering of $2.3 billion to $2.7 billion for CoreWeave, the sources said, requesting anonymity as the discussions are confidential.CoreWeave could possibly raise this range before the IPO prices should investor demand prove strong, said the sources.CoreWeave did not immediately respond to requests…
The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation that caused a major policy headache for the Fed.At his post-meeting news conference, Chair Jerome Powell said the current outlook is that any price jumps from tariffs likely will be short-lived.Asked if the Fed is “back at transitory again,” the central bank leader responded, “So I…
Zoom In IconArrows pointing outwardsA new online map is highlighting locations across the United States of Tesla dealerships and Superchargers, along with purported addresses and phone numbers connected to members of the Trump administration’s DOGE team, led by Tesla CEO Elon Musk.The DOGEQUEST map spread online this week, as police continued to investigate a spate of vandalism against Tesla locations across the nation. U.S. Attorney General Pam Bondi on Tuesday called “the swarm of violent attacks on Tesla property … nothing short of domestic terrorism.””The Department of Justice has already charged several perpetrators with that in mind, including in cases…
Who’s going to win the NCAA Tournament? What upsets are popular picks? What do our experts’ Final Fours look like?We surveyed 24 writers and editors at The Athletic to get their men’s NCAA Tournament bracket picks. Not surprisingly, the consensus leans toward the favorites, but that doesn’t mean the staff bracket is all chalk.Here are which teams received the most votes to advance in bracket form, followed by a deeper look at the vote counts and all 24 staffers’ Final Four picks.Let’s go round by round to examine the most notable results and takes: First-round picks Seed Team Votes Opponent Votes 12416 Alabama State/St. Francis012416…
Ukraine agreed to halt strikes on energy sitesPresident Volodymyr Zelensky of Ukraine agreed yesterday to Russia’s offer of a mutual pause in attacks on energy targets for 30 days as a step toward a broader cease-fire. He discussed the pause during a phone call with President Trump, who described the conversation as “very good.” The two leaders spoke a day after Trump’s conversation with Vladimir Putin, Russia’s leader. It was the first time Trump and Zelensky had spoken since their disastrous Oval Office meeting last month.Zelensky called the conversation “positive, very substantive and frank,” making clear that he had thanked…
The Social Security Office in Alhambra, California.Mario Anzuoni | ReutersAs the Social Security Administration seeks to curb identity fraud, more people will now be required to visit an office to prove their identity for new benefit claims and direct deposit changes.In the next two weeks, the agency will transition to stronger identify proofing procedures, the Social Security Administration announced on Tuesday.Individuals who cannot use an online My Social Security account for identity proofing will need to visit their local Social Security office, according to the agency.As a result of the new proofing measures, the Social Security Administration also plans to…
It’s January, and a cold front is passing through Arizona. On Roosevelt Lake, about 100 miles east of Phoenix, winds whistle as white-capped waves crash on the dock.One boat emerges carefully, yet quickly, seeking cover in a cove. There’s precious cargo to protect. Twenty-four carat gold. And a fisherman better known as the reigning Heisman Trophy winner.Al Noraker had been so sure his friend and fishing partner Travis Hunter would win the 2024 Heisman Trophy that he crafted a congratulatory gift for him well before Thanksgiving. Stored in Noraker’s office in Loveland, Colo., for nearly two months sat a gold…
The race for the most powerful post in sports, the presidency of the International Olympic Committee, already enveloped in the secrecy and byzantine regulations of a 130-year-old club, has become stranger — and much nastier — as decision day looms.Smear campaigns have targeted some of the leading contenders in the final days before the vote, scheduled for Thursday in Costa Navarino, Greece. This past weekend, social media posts and little-known websites spread lurid claims of previous actions by two of the candidates, without providing evidence or citing sources — suggestions of personal wrongdoing serious enough to sink their campaigns. Neither…
