Clean energy stocks rose on Tuesday after a tax on solar and wind projects was removed from the Senate version of the One Big Beautiful Bill Act.Shares of NextEra Energy, the largest renewables developer in the U.S., rose about 5% after the Senate narrowly passed President Donald Trump’s bill on Tuesday. AES, a leading renewable provider, rose about 2%. The megabill will now go to the House of Representatives, where lawmakers will consider the Senate’s changes.The clean energy industry was surprised and outraged to find over the weekend that a tax on wind and solar projects had been inserted into…
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Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesDesign software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol FIG.The offering would be one of the hotly-anticipated IPOs in recent years given Figma’s growth rate and its high private market valuation. In late 2023, a $20 billion acquisition agreement with Adobe was scrapped due to regulatory concerns in the U.K. That led Adobe to pay Figma a $1 billion termination…
Senate staffers rest on the U.S. Capitol steps at sunrise as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., July 1, 2025. Nathan Howard | ReutersHow to read this guideFollow along from start to finish, or use the table of contents to jump to the section(s) you want to learn more about.Since 2018, the $10,000 cap on the state and local tax deduction, known as SALT, has been a critical issue for certain lawmakers in high-tax states such as New York, New Jersey and California.The SALT deduction…
I believe Shake Shack is on the attack for a continuation to and through all-time highs, possibly once and for all. I last wrote about SHAK in February of last year and first added this company to our growth portfolio on Feb. 2, 2024. It’s been a volatile ride since then, as the company navigates expansion in a competitive fast casual dining space, as well as a rich valuation that has some reluctant to chase into all-time highs. Looking at the weekly chart, first we see a third attempt since 2021 to break through the $140 region. Looking at the…
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. looks on as he attends a press conference to discuss health insurance reform, at the Department of Health and Human Services in Washington, D.C., U.S., June 23, 2025.Kevin Mohatt | ReutersA federal judge on Tuesday blocked the Trump administration from moving forward with plans to overhaul the U.S. Department of Health and Human Services by reorganizing several of its agencies and substantially cutting their workforce.U.S. District Judge Melissa DuBose in Providence, Rhode Island, issued an injunction at the behest of a group of Democratic-led states who challenged a plan…
Check out the companies making the biggest moves midday: Diabetes tech stocks — The Centers for Medicare & Medicaid Services is proposing a rule change that could change the reimbursement rates for continuous glucose monitors and insulin pumps. The news sent shares of diabetes tech stocks lower. Tandem Diabetes Care and Beta Bionics tumbled 4% and 6%, respectively, while Dexcom shares shed nearly 4%. Insulet shares were also down 4%. Progress Software — The business application software maker tumbled 11% after reporting mixed second-quarter results. Revenue came in at $237.4 million, shy of the $237.5 million consensus estimate, per FactSet.…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are seeing opportunity in tech outside the “Magnificent Seven” and giving top picks in the industrials space after it finished the first half of 2025 as the top-performing sector. Worldwide Exchange pick: Netflix Victoria Greene of G Squared said Netflix still has more second half upside despite a more than 50% gain in the first six month of the year and a forward PE ratio of 50. “Bulls don’t die from a…
Analysts on Wall Street are optimistic about a handful of stocks that they say are in the middle of a turnaround. Stocks closed out the first half of the year at record-highs earlier this week, as investor optimism that trade deals are on the horizon helped lift the S & P 500 more than 10% in the second quarter. U.S. equities staged a sharp comeback from a steep selloff beginning in April that saw the broad market index approach bear market territory . Investors continue to hope that President Donald Trump will make further progress on trade, with his self-imposed…
Bay Area Rapid Transit (BART) passengers walk off a train at the Richmond station on March 15, 2023 in Richmond, California.Justin Sullivan | Getty ImagesCommuters in and around San Francisco rode into work for free on Tuesday morning due to an outage in the Clipper card system, which is used to handle payments for train, bus and ferry rides.”ATTENTION: The Clipper system is experiencing an outage on all operators this morning,” the Bay Area Clipper account wrote in a post on X. “Please be prepared to pay your fare with another form of payment if required by your transit agency.”Many…
Any way you slice it, Latin American stocks have been on fire this year. The iShares Latin America 40 ETF (ILF) has rallied more than 25% in just the first half of 2025, far outpacing the S & P 500’s 5% gain. Many country specific benchmarks and ETFs are doing even better so far this year (gains through June 30 afternoon trading): Brazil: Bovespa up 15%; EWZ ETF up 27% Mexico: S & P/BMV IPC index up 14%; EWW ETF up 29% Chile: S & P/CLX IPSA up 22%; ECH ETF up 25% Peru: S & P/BLV up 12%; EPU…
