The ‘Fast Money’ traders talk Wednesday’s big market moves in Big Tech. Source link
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Reverend Alberto Rojas, Bishop of the Diocese of San Bernardino Ordaining Prelate and Principal Celebrant, leads the Ordination to the Priesthood mass at St. Paul the Apostle Catholic Church in Chino Hills on Saturday, May 20, 2023.Will Lester | Medianews Group | Getty ImagesA Catholic bishop in California has issued a rare decree allowing parishioners to miss Mass due to fears of raids by U.S. Immigration and Customs Enforcement.Bishop Alberto Rojas of the Diocese of San Bernardino wrote that “such fear constitutes a grave inconvenience that may impede the spiritual good of the faithful.”Catholic bishops have occasionally granted Mass exemptions…
US President Donald Trump speaks during a multilateral lunch with visiting African Leaders in the State Dining Room of the White House in Washington, DC, on July 9, 2025.Jim Watson | Afp | Getty ImagesPresident Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports, partly in retaliation for the ongoing prosecution of the country’s former president, Jair Bolsonaro.Trump said in a letter that the new tariff — a massive jump from the 10% rate the U.S. imposed on Brazil in early April — was also spurred by the “very unfair trade relationship” between the two…
The logo of the cryptocurrency Bitcoin can be seen on a coin in front of a Bitcoin chart.Silas Stein | Picture Alliance | Getty ImagesBitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close.The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999.The flagship cryptocurrency has been trading in a tight range for several weeks despite billions of dollars flowing…
Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty ImagesShares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company. The Italian company known for its circular hazelnut chocolates could finalize an acquisition of the legacy breakfast foods business as soon as this week, the Wall Street Journal reported, citing people familiar with the matter.WK Kellogg, which makes U.S. childhood staples like Froot Loops and Frosted…
(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 looking to take profits in the rally for cyclicals and small caps and looking to play the expected capex boom following the passing of President Donald Trump’s tax and spending bill. Investing in tech infrastructure Chris Hyzy, chief investment officer of Bank of America Private Bank, sees large tech companies spending on capital expenditures increasing and boosting demand for what he calls “power infrastructure” after the signing of the tax bill.…
One corner of the energy market is poised to gain as data centers drive demand for natural gas-fueled power, according to TD Cowen – and a few of those providers pay attractive dividends, too. Midstream natgas companies own pipelines and other infrastructure to move oil and gas products, and the burgeoning demand for gas should continue into the 2030s, according to a team of TD Cowen analysts led by Jason Gabelman. This theme could contribute to consistent earnings and dividend growth compared to other energy companies that have more volatile earnings, they said in a report published Monday. “The largest…
Of the 25 stocks within the VanEck Semiconductor ETF (SMH) , seven components are within 3% of their 52-week highs. ASML is not one of them — it’s trading about 30% below its own 52-week high which, ironically, was set almost exactly a year ago on July 11. However, ASML may be one of the most attractive components in the ETF, with potentially far more upside from current levels. The stock has performed well since its April lows, gaining about 40% through its most recent high in late June. Yet it hasn’t garnered much attention — especially compared to others…
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength.Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves. The meeting ended with Federal Open Market Committee members voting unanimously to hold the central bank’s key borrowing rate in a range between 4.25%-4.5%, where it has been since December 2024.However, the summary also showed a growing divide over how policy should proceed from here.”Most participants…
Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to his alleged role in rigging the bidding to develop, manage and operate the University of Texas’ basketball arena in Austin.Leiweke, 68, is accused in the indictment of conspiring with another would-be bidder on the $338 million Moody Center arena project to induce that second company to drop out of the competition with Oak View Group in exchange for receiving lucrative sub-contracts at the arena.Oak View Group CEO Tim Leiweke attends the groundbreaking ceremony for the new University of Texas event facility, the “Moody…
