The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
Security personnel cordon-off a street near the site of a strike in Muzaffarabad, the capital of Pakistan-administered Kashmir, on May 7, 2025.Sajjad Qayyum | AFP | Getty ImagesMultiple loud explosions were heard in several places in Pakistan and Pakistani Kashmir on Wednesday as India said it had attacked “terrorist infrastructure” in nine sites and Pakistan vowed to respond to the attacks.After the explosions, power was blacked out inMuzaffarabad, the capital of Pakistani Kashmir, witnesses said. It was not immediately clear what the explosions were.”A little while ago, the Indian armed forces launched ‘OPERATION SINDOOR’, hitting terrorist infrastructure in Pakistan and…
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025. Mandel Ngan | Afp | Getty ImagesTreasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this week to discuss economic and trade matters, their offices announced Tuesday.The meetings appear to be a major step toward Washington and Beijing beginning negotiations to potentially resolve an ongoing trade war ignited by President Donald Trump.Trump last month ratcheted up tariffs on Chinese imports to 145% even as…
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesFor the third time under President Donald Trump, the Consumer Financial Protection Bureau has pulled back from enforcing a key rule, this time targeting buy now, pay later services.The CFPB said in a notice on Tuesday that it will not prioritize enforcement of a rule, established during Joe Biden’s presidency, that classified BNPL providers as credit card issuers subject to the Truth in Lending Act. Fintech lenders had been required to comply with more stringent…
Israeli fighter jets bombed the main international airport in Yemen on Tuesday in retaliation for a missile attack by the Houthi militia that struck near Israel’s main airport last weekend.The Israeli strikes were the latest salvo in a battle with the Iran-backed Houthis, who rule much of northwestern Yemen, including the capital, Sana. They have fired dozens of rockets and drones at Israel, and many more at ships in the Red Sea, in what they call a solidarity campaign with Palestinians in Gaza.The Houthis have also been the target of a stepped-up U.S. bombing campaign on Yemen since mid-March. President…
Evan Seigerman, BMO Capital Markets, joins ‘Fast Money’ to talk new headwinds facing the pharma sector. Source link
Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersRivian Automotive on Tuesday beat Wall Street’s expectations for the first quarter and confirmed its 2025 earnings targets, but negatively adjusted its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs.The all-electric vehicle manufacturer said it is “not immune to the impacts of the global trade and economic environment,” despite producing all of its trucks and SUVs in the U.S. at a factory in Illinois.”The current global economic landscape presents significant uncertainty, particularly regarding evolving…
The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company’s Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025. Joe Skipper | ReutersSpaceX has been granted permission by the Federal Aviation Administration to launch and land its massive Starship rockets and Super Heavy boosters up to 25 times per year from the company’s Starbase spaceport in Texas.The aerospace and defense contractor run by Elon Musk was previously restricted to five Starship launches per year from the site. While SpaceX submitted the proposal…
About 764,000 wallets that purchased President Donald Trump’s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.Most of the wallets that lost money held smaller amounts of the token, according to the firm’s on-chain analysis. Crypto wallets are accounts that store the keys you need to access and use your cryptocurrency holdings.Chainalysis said that while around 2 million wallets have bought into the token, 58 wallets made more than $10 million apiece, totaling roughly $1.1 billion in gains.The $TRUMP token, which surged in popularity after being tied to…
Check out the companies making headlines in after-hour trading. Arista Networks — Shares of the cloud computing stock slid 7%. First-quarter revenue narrowly beat LSEG consensus estimates, coming in at $2.00 billion, versus the $1.97 billion the Street expected. Adjusted earnings also beat estimates, landing at 65 cents a share, compared to the 59 cents per share analysts sought. Super Micro Computer — Shares slid about 5% after the server maker missed expectations for the third fiscal quarter and gave a weak outlook for the current three-month period. Super Micro reported earnings 31 cents per share, excluding items, and $4.60…
