[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony.In his remarks Tuesday before the House Financial Services Committee, the central bank leader asserted that the Fed is “well positioned to wait” on interest rate policy as it watches the impact that tariffs will have on inflation.Should the duties present a longer-lasting impact on prices, Powell said the Fed…
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Select technology and paper stocks could win big heading into the second half of the year. At least for now, it looks like the bull case for stocks will remain intact over the next few months. Stocks rose on Monday, with Wall Street shaking off any fears associated with the United States’ bombing of Iran over the weekend and a subsequent retaliation from Iran . That same day, Fundstrat co-founder and head of research Tom Lee said that Monday’s rally should actually strengthen the case for stocks to perform better in the latter half of 2025. “At the start of…
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.Tami Chappell | ReutersA crucial government panel of vaccine advisors is holding its first meeting Wednesday since Health and Human Services Secretary Robert F. Kennedy Jr. appointed several vaccine critics to the group. Earlier this month, Kennedy in a stunning step removed and replaced all members of the Advisory Committee on Immunization Practices, or ACIP, which advises the Centers for Disease Control and Prevention. The group reviews vaccine data and makes recommendations that determine who is eligible for shots and whether insurers should cover them, among…
Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty ImagesAmazon’s Ring video doorbell division is rolling out AI-generated notifications alerting users to unusual or suspicious activity around their home, the company said Wednesday.The tool uses artificial intelligence to generate text summaries of motion activity captured by Ring doorbells and cameras, which are then displayed as a phone notification. The summaries describe only the main subject that triggered the alert and are “intentionally concise” so that users can quickly discern whether it’s urgent, Ring said.The feature is rolling…
An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022.Luke Sharrett | Bloomberg | Getty ImagesAeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom lines.Here’s how the company did compared to analyst expectations:Earnings: $1.61 per share adjusted vs $1.39 per share expectedRevenue: $275 million vs $242 million expectedThis is breaking news. Please refresh for updates. Source link
Here are Wednesday’s biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said Nvidia is firing on all cylinders. “Reiterating our Buy rating and increasing our PT to $250 from $175 as our work strongly suggests that ‘the math just works’, as fantastic as that may sound.” DA Davidson initiates ServiceNow as buy DA said the company is “best-of-breed.” “We are initiating coverage of NOW with a BUY rating and a $1,150 price target. ServiceNow has been a market leading business automation provider for over two decades now.” Jefferies upgrades Stellantis to buy from hold Jefferies said…
DANA POINT, CALIFORNIA – SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Jerod Harris | Getty Images Entertainment | Getty ImagesBumble shares rallied more than 26% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.The layoffs will result in $13 million to $18 million in charges for the company hitting in the third and fourth quarters…
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump is speaking Wednesday at NATO’s annual summit in the Netherlands.Trump’s comments come days after he announced a ceasefire between Israel and Iran.Subscribe to CNBC on YouTube. Source link
Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), left, and U.S. President Donald Trump, during the NATO summit in The Hague, Netherlands, on Wednesday, June 25, 2025. Bloomberg | Bloomberg | Getty ImagesNATO allies on Wednesday agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035, in the most decisive move from the alliance in over a decade.In a joint declaration, the Western military bloc said it was “united in the face of profound security threats and challenges,” in particular the long-term threat posed by Russia to Euro-Atlantic…
Check out the companies making headlines before the bell. Rubrik — Shares of the data management software vendor rose 1% after it agreed to buy startup Predibase , a company that helps deploy artificial intelligence models. A person familiar with the transaction said Rubrik intends to pay as much as $500 million as part of the deal, CNBC reported. BlackBerry — The cybersecurity stock popped 7% after first-quarter revenue and profit topped analyst estimates. BlackBerry also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation, and amortization. Coinbase — Shares rose about 3% on the back…
