The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersPresident Donald Trump’s new administration is likely to do away with the White House’s National Space Council, a cabinet policy panel that lobbyists at Elon Musk’s SpaceX have been pushing to axe, according to three people familiar with the plans.Trump’s aides and SpaceX’s top lobbyist Mat Dunn in recent months have told associates they see the space council as a “waste of time”, according to the sources, stirring doubts about…
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesStripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed. The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo. A…
When Andy Reid was the head coach of the Philadelphia Eagles, he would pass messages to quarterback Donovan McNabb via notecards. Reid called them nuggets. They were usually short, just a thought or goal or a few words of motivation. They weren’t supposed to be life changing.“His thing was like: ‘I’ll give you a li’l nugget,’” McNabb said. “Just something to take in.”Reid was a young coach, and he was always jotting down ideas, a lesson from Bill Walsh or Winston Churchill that would find its way onto a 3 x 5 card. Some of those cards went to McNabb.…
Bank of Japan Governor Kazuo Ueda delivers a speech at the start of issuance of new yen banknotes at the Bank of Japan headquarters in Tokyo on July 3, 2024. Str | Afp | Getty ImagesThe Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points, according to a survey of economists polled by CNBC.A hike will put the BOJ’s key rate at 0.5%, its highest level since 2008.An overwhelming majority of 18 out of 19 economists agreed on prospects of a rate hike, with most pointing to a recent change in tone of…
Check out the companies making headlines in extended trading. Netflix — Shares soared more than 13% after the streaming giant surpassed 300 million paid memberships . Netflix also beat fourth-quarter expectations on the top and bottom lines, and it raised its revenue expectations for the full year 2025. United Airlines — Shares popped more than 3% after United Airlines’ fourth-quarter results came in better than expected. The airline operator posted adjusted earnings of $3.26 per share on revenues of $14.70 billion. Analysts surveyed by LSEG had expected per-share earnings of $3.00 on revenues of $14.47 billion. The company also issued…
The word “Netflix” shines brightly at the presentation of the new season (3) of the Netflix series “Bridgerton” in the Flora.Rolf Vennenbernd | Picture Alliance | Getty ImagesNetflix is hiking the price of most of its U.S. plans.The streaming giant announced on Tuesday that its standard plan without commercials will increase from $15.49 a month to $17.99. Its cheaper, ad-supported plan, which was more recently introduced to attract more subscribers, will increase from $6.99 per month to $7.99.In addition, the monthly cost of Netflix’s premium plan will increase from $22.99 to $24.99.The company, which reported fourth-quarter earnings on Tuesday, said…
Big banks will be winners under President Donald Trump’s second term as he ramps up deregulation, according to Wells Fargo analyst Mike Mayo. In addition to more lax regulatory measures under the new administration, Mayo thinks improved government efficiency and the “revolution of common sense” — as Trump stated in his inauguration speech — marks a shift toward more business-friendly oversight. These changes add up to a “triple benefit” for large-cap bank stocks, he added. “The start of a new bank era is now,” Mayo wrote in a note on Monday. “A new era with more free-markets and re-regulation should…
Blue Origin’s New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025.Gregg Newton | Afp | Getty ImagesPure-play space stocks flew higher on Tuesday, a rally that a Wall Street analyst pinned to exuberance around the sector after President Donald Trump’s inauguration.”Post the election, there seems to be this very deep and broad excitement about opening up private space opportunities,” Deutsche analyst Edison Yu told CNBC.”It’s not just the headlines. When you talk to any [venture capital] investor, any institutional investor, any family office ……
A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty ImagesUnited Airlines forecast first-quarter earnings that surpassed analysts’ estimates as the carrier seeks to grow earnings again in 2025 thanks to strong travel demand.The airline said Tuesday that it expects to earn an adjusted 75 cents to $1.25 in the first three months of the year, above the 54 cents analysts had expected, according to LSEG…
