The logo of Cadence Design Systems is pictured outside the company’s offices in San Jose, California, U.S., January 31, 2020. Stephen Nellis | ReutersCadence Design agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions, the Justice Department said on Monday.Cadence was accused of violating export controls by illegally selling chip design software and hardware to front companies representing China’s National University of Defense Technology.NUDT’s supercomputers are thought to support nuclear explosive simulation and military simulation activities, according to U.S.…
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The ‘Fast Money’ traders look ahead to trade deadlines, Fed meeting, and more Big Tech earnings. Source link
Check out the companies making headlines in after-hours trading. Cadence Design Systems – Shares of the computer software company jumped more than 6% after its latest quarterly results beat on the top and bottom lines. For the second quarter, Cadence reported adjusted earnings of $1.65 per share on revenue of $1.28 billion, above the $1.55 per share and $1.25 billion in revenue that analysts surveyed by LSEG were expecting. The company also posted upbeat full-year guidance. Nucor – Shares of the steel producer dropped more than 4% after its earnings and revenue for the second quarter missed Wall Street’s estimates.…
The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency exchange in Istanbul, Turkey, on Wednesday, Nov. 6, 2024. David Lombeida | Bloomberg | Getty ImagesThe crypto market’s bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication.On Monday, a little-known Canadian vape company saw its stock surge on plans to enter the crypto treasury game – but this time with Binance Coin (BNB), the fourth largest cryptocurrency by market cap, excluding the dollar-pegged stablecoin Tether (USDT), according to CoinGecko.Shares of CEA Industries, which trades on the Nasdaq under the ticker VAPE, rocketed more than 800%…
David Zaslav, President and CEO of Warner Bros. Discovery, attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | ReutersWarner Bros. Discovery on Monday announced the corporate names and leadership teams of its two future businesses as the company prepares to split in mid-2026.Its streaming and studios division will be called “Warner Bros.” and its global networks segment will be named “Discovery Global.”Warner Bros. will house its movie properties, including DC Studios and its streaming service HBO Max. Meanwhile, Discovery Global will include its entertainment, sports and news networks, including CNN, TNT…
Industrials are in the spotlight, emerging as the top sector in 2025 – and a few names happen to offer the prospect of upside and dividend income. Year to date, the industrials sector is up 17%, overshadowing even the high-flying tech sector, which is up 13%. A couple of factors are behind industrials’ rise: For starters, the U.S. economy has remained solid even as the Trump administration has been rolling out its tariff announcements. Further, the trade policy is expected to boost U.S.-based manufacturing. In addition, Bank of America’s Industrial Momentum Indicator shows a continuing rebound. “The BofA Industrial Momentum…
Wall Street had little doubt that Brian Niccol was the right executive to fix Starbucks’ triple shot of trouble: downbeat sales, operational bottlenecks and a fading coffee house identity. That has not made Niccol’s task any easier. Niccol’s status as a turnaround extraordinaire is well-deserved. After reviving the Taco Bell brand, Niccol became revered for his quick work in restoring the reputation of Chipotle following a multiyear food-safety crisis that drove customers away and cut its stock price by more than half. Upon taking over in March 2018, Niccol didn’t waste time implementing fixes at Chipotle, including more employee training…
The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump.In a lawsuit filed Friday in U.S. District Court in Florida, the company accused unnamed merchants of selling “inferior imitations” of Trump-branded products on several online marketplaces, including Amazon, Walmart and eBay.The Trump Organization company, which is owned by Trump, sells a variety of branded merchandise through its website, including a gold T1 smartphone. The Trump Organization alleges the online merchants didn’t license its trademarks and weren’t authorized resellers of genuine merchandise.”By selling counterfeit products that purport to be genuine and authorized products…
European banks have seen strong performance, with the STOXX Europe 600 Banks Index gaining 41% year-to-date, outpacing the broad-based STOXX Europe 600 Index by 30%. This year’s gains have resulted in a multi-year trading range breakout for the iShares MSCI European Financials ETF (EUFN) , which we see as a long-term tailwind suggesting banks should be a continued source of outperformance in Europe. In February, EUFN was able to decisively clear its 2011, 2014, and 2018 highs in a bullish secular shift. The monthly MACD is positive and expanding to the upside, unaffected by the decline into the April low…
Agent Nicole Plaxen of The Beverly Hills Estates said she’s holding “constant showings” of this $118 million mansion in Bel Air.Credit: The Beverly Hills EstatesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.When actor and entrepreneur Mark Wahlberg sold his Beverly Hills mansion in 2023 for $55 million, many brokers said the price was low.Wahlberg had listed the 30,500-square-foot home for $87.5 million but slashed the price in order to close before Los Angeles’ looming mansion tax…
