Peter Boockvar, Bleakley Financial Group CIO, joins ‘Fast Money’ to discuss if the ‘sell America’ trade is back on. Source link
Author: usaeverydaylife
An in-progress Ferrari at the supercar maker’s E-Building in Maranello, Italy.Crystal Lau | CNBCFerrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters.Known for its roaring petrol engines, Ferrari has sold hybrid models since 2019 and will begin unveiling its first EV in October this year in a three-stage process culminating in a world premiere in the spring of next year.First deliveries to customers are expected in October 2026.Aside from the lack of…
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabytes per second of network bandwidth, what the company calls the highest offering in the public cloud.Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second.Graviton4, a central processing unit, or CPU, is one of many chip products that come from Amazon’s Annapurna Labs in Austin, Texas. The chip is a win for the company’s custom strategy and putting it up against traditional semiconductor players like Intel and AMD.But the real battle is with Nvidia…
Credo Technology is a relatively new company that came public in 2022 at an approximate $1.5 billion valuation. Amidst the AI boom in the past three years, this company has grown quickly to a $13 billion market cap company. From the looks of things, the stock is going higher. We added the name to our Active Opps portfolio based on technical and fundamental reasons I’ll outline below. Fundamentals first: This company is a leader in several areas of the AI infrastructure buildout, particularly high-speed connectivity solutions. A data center is only as helpful as the individual processors and chips can quickly communicate with…
Josh Brown, CEO of Ritholtz Wealth Management, said Tuesday the stock market is being dictated by two factors — the artificial intelligence investing theme and the strength of the U.S. consumer — and both are in solid place right now. “If you understand that the AI story and the U.S. consumer are the only things that matter, you could stop wasting your time reading a lot of other data and focusing on a lot of other reports,” Brown said on CNBC’s ” Halftime Report .” His comment came after data showed consumer spending retreated more than expected in May. Sales…
How Trump accounts workNot unlike a 529 college savings plan, Trump accounts come with a tax incentive. Earnings grow tax-deferred, and qualified withdrawals are taxed as long-term capital gains.Under both the House and Senate versions of the bill, withdrawals could begin at age 18, at which point account holders can tap up to half of the funds for education expenses or credentials, the down payment on a first home or as capital to start a small business.At 25, account holders can use the full balance for expenses that fall under those same guidelines and at 30, they can use the money…
From left, Cliff Obrecht, Canva’s co-founder and chief operating officer, and George Howes, co-founder and CEO of MagicBrief, pose for a photo at the Cannes Lions festival in Cannes, France, in June 2025.CanvaCanva has grown into a $32 billion startup through its popular design tools used for easily creating images, marketing material and presentations.Now the company, with its 12th acquisition, is buying its way into the analytics market. Canva said on Tuesday that it’s buying MagicBrief, whose technology is used for analyzing ad performance, for an undisclosed sum. With MagicBrief, companies can track spending and engagement on their ads and…
A tail of an Air India Boeing 787 Dreamliner plane that crashed is seen stuck on a building after the incident in Ahmedabad, India, June 12, 2025. Amit Dave | ReutersIndia’s aviation safety watchdog said on Tuesday surveillance conducted on Air India’s Boeing fleet did not reveal any major safety concerns, days after one of its jets crashed, killing at least 271 people.”The aircraft and associated maintenance systems were found to be compliant with existing safety standards,” the Directorate General of Civil Aviation said in a statement.The Boeing 787-8 Dreamliner bound for London with 242 people on board crashed seconds after take-off in Ahmedabad on Thursday…
A new Vanguard fund is aimed at investors who are hungry for income and willing to take a bit more risk to get it. The firm launched the Vanguard Multi-Sector Income Bond ETF (VGMS) last week. The actively-managed fund will focus in large part on riskier parts of the fixed income universe, including high yield corporate credit. That strategy may meet some skepticism given concerns about an economic slowdown, but the multi-sector area is one where active management is often seen as a positive. “We still view this strategy as one that investors will want to invest in even in…
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks to the Economic Club of New York in Manhattan, New York City, on April 23, 2024.Mike Segar | ReutersJPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD.The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of the Ethereum network. Each deposit token is meant to serve as a digital representation of a commercial bank deposit.JPMD will offer clients round-the-clock settlement as well…
