Key PointsCaterpillar’s operating profit fell 18% compared with the same period last year due to President Donald Trump’s tariffs.Eaton provided third-quarter earnings guidance that missed Wall Street expectations.Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year.Caterpillar and Eaton reported financial results Tuesday that disappointed investors as President Donald Trump ‘s tariffs start to bite, casting doubt on an industrial sector that was one of Wall Street’s hottest trades this year. Caterpillar’s quarterly profit took a big hit compared to the same period last year as Trump’s tariffs increased manufacturing…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPeter Boockvar, One Point BFG Wealth Partners CIO, joins ‘Fast Money’ to discuss today’s data and outlook for rates and the Fed’s next moves.04:4222 minutes ago Source link
A combination image shows an injection pen of Zepbound, Eli Lilly’s weight loss drug, and boxes of Wegovy, made by Novo Nordisk. Hollie Adams | ReutersA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.For once, the Trump administration may be giving some drugmakers a reason to celebrate.The Trump administration is planning to experiment with covering costly weight loss drugs under Medicare and Medicaid, the Washington Post reported on Friday. That plan could expand access to millions of Americans with obesity who…
Charles Liang, CEO of Super Micro, speaks at the Computex conference in Taipei, Taiwan, on June 1, 2023.Walid Berrazeg | Sopa Images | Lightrocket | Getty ImagesSuper Micro Computer shares slid 15% in extended trading on Tuesday after the server maker reported disappointing fiscal fourth-quarter results and issued weak quarterly earnings guidance.Here’s how the company did in comparison with LSEG consensus:Earnings per share: 41 cents adjusted vs. 44 cents expectedRevenue: $5.76 billion vs. $5.89 billion expectedSuper Micro’s revenue increased 7.5% during the quarter, which ended on June 30, according to a statement.For the current quarter, Super Micro called for 40…
Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve.ReutersPresident Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets.National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and Treasury Secretary Scott Bessent had all been floated as contenders to lead the central bank.In a wide-ranging interview on CNBC’s “Squawk Box,” Trump spoke highly of Hassett and Warsh, while revealing that Bessent, enjoying his current post as Treasury Secretary, has taken himself out of contention.”He’s…
Hinge Health co-founders, Gabriel Mecklenburg and Daniel Perez celebrate its initial public offering at the New York Stock Exchange on May 22, 2025.NYSEShares of Hinge Health popped 10% in extended trading on Tuesday after the digital physical therapy company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Loss: Loss per share of $13.10. That may not compare with the 9 cents per share earnings expectedRevenue: $139 million vs. $125 million expectedRevenue at Hinge increased 55% in the second quarter from $89.8…
Utilities are emerging as a hot play in 2025 as investors take notice of their role in powering the artificial intelligence movement – and many of the names also happen to pay attractive dividends. As the broader S & P 500 retreated on Tuesday, the Utilities Select Sector SPDR Fund (XLU) touched a fresh record. Utilities are the second-best performing sector in the S & P 500 in 2025, up more than 14% and outperforming tech’s roughly 13% advance. The outperformance is greater still including utilities’ 2.8% dividend yield. XLU 5D mountain The Utilities Select Sector SPDR Fund (XLU) in…
Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesAdvanced Micro Devices reported quarter earnings on Tuesday that missed estimates. The stock slid about 5% in extended trading.Here’s how the chipmaker did versus LSEG expectations for the quarter ended June:Earnings per share: 48 cents adjusted versus 49 cents expectedRevenue: $7.69 billion versus $7.42 billion expectedFor the current quarter, AMD…
Evan Spiegel, CEO of Snap Inc., attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 9, 2025.David A. Grogan | CNBCSnap shares tanked 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.Here is how the company did compared with Wall Street’s expectations:Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates.Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG Global daily active users: 469 million vs. 467 million expected, according to StreetAccountGlobal average revenue per user:…
Ilkercelik | Istock | Getty ImagesWe’re about to witness a regime change in productivity. Prepare for the “RIA of 1”: A single financial advisor supported by a collection of autonomous and augmented AI agents and applications.This isn’t a whimsical notion; it’s the inevitable outcome of AI fundamentally transforming the advisory space, augmenting advisors and reshaping firm structures through unprecedented efficiency. This efficiency isn’t merely incremental; it represents a paradigm shift, far exceeding the capabilities of even the most sophisticated traditional tools.AI-powered tools will enable advisory firms to prospect and convert. They will streamline client onboarding and service. AI will enable…
