SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for a third launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 13, 2024. Joe Skipper | ReutersVoters in a part of south Texas that is home to Elon Musk’s rocket company, SpaceX, will decide Saturday whether to officially turn a small, coastal stretch at the southern tip of the Lone Star State into a city named Starbase.If the measure passes, which seems likely, the newly incorporated city would cover only about 1½ square miles, but it would be a much-needed…
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Prime Minister Mark Carney of Canada said on Friday that he would travel next week to meet with President Trump for a high-stakes encounter between the two leaders of countries whose once-close friendship has collapsed amid a trade war and Mr. Trump’s threats to Canada’s sovereignty.Mr. Carney also announced that King Charles III would visit Canada later this month, his first trip to the country since Charles’s coronation two years ago. The news of the trip, which was also announced by Buckingham Palace, is seen by analysts as a clear rebuke to calls by Mr. Trump to make Canada the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
A turbulent period for stocks around new tariff policies from the White House has remarkably given way to Wall Street’s longest winning streak in 20 years. The S & P 500 rose again on Friday, notching a ninth straight positive session for the first time Nov. 5, 2004. The index also traded above its April 2 close for the first time since the major tariff announcement a month ago. .SPX 3M mountain The S & P 500 has risen for nine straight sessions, hitting its highest level in a month on Friday. Not to be outdone, the Dow Jones Industrial…
Logo of the Organization of the Petroleum Exporting Countries (OPEC)Andrey Rudakov | Bloomberg | Getty ImagesEight OPEC+ countries will meet on Saturday to decide whether to agree a further accelerated oil output hike for June or make a smaller increase as originally planned, two sources with knowledge of the matter told Reuters on Friday.The meeting was originally scheduled to take place on Monday. It was not immediately clear why it had been brought forward.Last month, Saudi Arabia pushed for a larger-than-planned output hike from the eight members in May, a decision that helped send oil prices below $60 a barrel…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyGil Luria, D.A. Davidson managing director, joins ‘Fast Money’ to discuss this weeks tech earnings and what his takeaways are from the sector.04:115 minutes ago Source link
The welcome sign at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 2, 2025.David A. Grogen | CNBCOMAHA, Nebraska — Berkshire Hathaway shareholders are getting more bang for their buck at this year’s meeting with the annual shopping event more interactive than ever.The conglomerate’s yearly convention kicked off Friday with a shareholder-only shopping event, called the “Berkshire Bazaar of Bargains.” With over 20,000 square feet of showroom space at the CHI Health Center in downtown Omaha, the exhibit hall is offering goods from a myriad of the conglomerate’s holdings, including Warren Buffett-themed apparel from Brooks Sports and…
A powerful alliance of armed gangs that has plunged Haiti into violence and launched attacks against state institutions was designated on Friday as a terrorist group by the Trump administration.The move is likely to worsen an already dire humanitarian crisis in Haiti, experts said, since gangs control much of the country’s economy and infrastructure, including ports and major roads, and extort businesses and the local population.President Trump’s designation gives the U.S. broad power to impose economic penalties on the criminal groups, and potentially even to take military action. But it also allows sanctions to be imposed on anyone whom the…
Eaton , a maker of power management solutions for AI data centers and other commercial markets, delivered a solid quarter on Friday that raised more questions for us than it answered. Earnings per share for the first quarter ended in March rose more than 33% from the year-ago period to $2.72, beating the LSEG compiled analyst consensus estimate by a penny. Revenue rose 7.3% to $6.38 billion, beating the LSEG compiled analyst consensus estimate of $6.26 billion. Organic sales grew 9%, far exceeding the Bloomberg estimate for a 6.8% increase. Eaton Why we own it: Eaton has exposure to several…
Trade talks will continue to be critical in the week ahead, as equities mount an impressive rally on hopes the U.S. economy is strong enough to weather the fallout from Trump’s tariffs. The S & P 500 has made a huge comeback since the post-April 2 sell-off, recouping all its losses after the latest jobs report spurred hopes the U.S. could dodge a recession, and China signaled a willingness to come to the table on trade talks. On Friday, the S & P 500 posted its longest win streak since 2004. It is trading above its 50-day moving average for…
