Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBCIn May, Tesla changed its corporate bylaws in a way that would require investors to own 3% of the stock, today worth about $30 billion, in order to file a derivative lawsuit against the company for breach of fiduciary duties. Authorities in New York State are now asking Tesla to delete the bylaw entirely. Overseers of the New York State Common Retirement Fund, which owns about 0.1% of Tesla’s shares, submitted a formal proxy proposal and letter to the company on July 11, and shared it with CNBC on…
Author: usaeverydaylife
Hours after President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, he denied plans to do that.”We’re not planning on doing it,” he said Wednesday at the White House. “I don’t rule out anything,” he added, “but I think it’s highly unlikely, unless he has to leave for fraud.”At a meeting Tuesday evening in the Oval Office, Trump had asked a group of House Republicans if they thought he should fire Powell. After receiving support for the move, the president said he would follow through, according to a senior White…
Goldman Sachs reported a better-than-expected second quarter and provided an encouraging outlook for Wall Street dealmaking. Revenue in the three months ended June 30 rose 14.5% year over year to $14.58 billion, topping the consensus estimate of $13.47 billion, compiled by data provider LSEG. Earnings per share (EPS) increased 26.6% year over year to $10.91, well ahead of the $19.46 estimate, according to LSEG. GS YTD mountain Goldman Sachs YTD Goldman shares opened higher before quickly turning negative as the earnings call got underway; however, they have since fought their way to about breakeven. While we understand the desire to…
Netflix is slated to release its second-quarter results Thursday after market close, and analysts are expecting another blockbuster. Analysts surveyed by LSEG anticipate that the streaming giant will post earnings of $7.08 per share and $11.066 billion in revenue. Those results would signify earnings growth of 45% year over year as well as a 15.8% jump in revenue when compared to the prior-year period. The anticipated gains come after the streamer posted a major earnings beat for the first quarter of the year, where it saw revenue rise 13%. That was due to the company increasing pricing for its plans…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: It’s been a volatile session. The S & P 500 on Wednesday afternoon briefly sold off after it was reported that President Donald Trump told Republican lawmakers he planned to fire Federal Reserve Chairman Jerome Powell if they gave him approval to do so. Trump’s main issue with Powell is the Fed’s reluctance to cut interest rates, making it ironic that longer-term interest rates jumped immediately after the news…
President Donald Trump returns to the White House, in Washington, D.C., from Pittsburgh, July 15, 2025.Celal Gunes | Anadolu | Getty ImagesPresident Donald Trump on Wednesday sharply criticized the bloc of his own political base that is publicly demanding the release of the so-called Jeffrey Epstein files, calling them “weaklings” whose support he does not want.”Their new SCAM is what we will forever call the Jeffrey Epstein Hoax, and my PAST supporters have bought into this ‘bull—-,’ hook, line, and sinker,” Trump vented in a Truth Social post.Trump doubled down at the White House later Wednesday, when he answered several…
NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025.Mustafa Yalcin | Anadolu | Getty ImagesNvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, according to a U.S. Securities and Exchange Commission filing.The sale comes as part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Huang…
Rockwell Automation could still be an attractive turnaround story for investors, even after its latest run, according to Bank of America. BofA upgraded the industrial automation stock to buy from neutral in a Wednesday note, raising its price target 14%, to $410 per share from $360. BofA’s forecast implies about 18% upside from Tuesday’s $346.49 close. Rockwell helps businesses update their operations while improving productivity, through what are called both “smart manufacturing” and “process solutions.” Analyst Andrew Obin said that Rockwell is “starting to see the impact of its operational turnaround strategy,” adding that the company’s Logix platform is a…
President of the European Commission Ursula von der Leyen talking to media at the end of a bilateral meeting in the Berlaymont, the EU Commission headquarter on July 13, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty ImagesThe European Union’s executive arm on Wednesday put forward a proposal for a 2 trillion euro ($2.31 trillion) seven-year budget for the bloc starting in 2028, with a significant increase in funding allocated for defense.”This is a budget for the realities of today, as well as the challenges of tomorrow,” European Commission President Ursula von der Leyen said during…
Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty ImagesStock Chart IconStock chart iconBitmine (BMNR) 1-monthThe current wave of interest in Ethereum and related assets follows an announcement by Robinhood that it will enable trading of tokenized U.S. stocks and ETFs across Europe, and a groundswell of interest in stablecoins throughout June following Circle’s wildly successful IPO and ongoing progress in Congress on the Senate’s proposed stablecoin bill, the GENIUS Act.The price of ether itself also continued…
