CNBC’s “Fast Money” team share their final trades of the day. Source link
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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 22, 2025. Brendan McDermid | ReutersStock futures are little changed Thursday night ahead of a key inflation print.Futures tied to the Dow Jones Industrial Average fell 13 points, or 0.03%. S&P futures ticked up 0.06%, while Nasdaq 100 futures added 0.1%.In after-hours trading, Intel shares popped nearly 7% after the chipmaker reported third-quarter sales that exceeded analysts’ estimates. Target shares rose marginally after the retailer announced it would slash its corporate workforce by 8%, marking its first major layoff in a decade. Applied Materials…
U.S. President Donald Trump speaks holding a photos of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC on October 22, 2025. Salwan Georges | The Washington Post | Getty ImagesBig Tech and other publicly traded companies are helping to finance the $300 million White House ballroom planned by President Donald Trump.The White House East Wing has been demolished to make room for the 90,000 square foot ballroom, sparking public anger after Trump promised in July that the building would not be impacted.Trump has said the…
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025.Saul Loeb | Afp | Getty ImagesMeta said Thursday that it’s laying off an undisclosed number of employees in its risk organization as the company shifts to use artificial intelligence to automate its compliance review process.Michel Protti, Meta’s chief privacy and compliance officer for product, disclosed the layoffs on Wednesday to members of the company’s risk organization, according to a report by Business Insider. CNBC confirmed the contents of…
Check out the companies making headlines in after-hours trading. Alphabet — Shares of search engine giant Alphabet ticked 1% higher after Anthropic and Google officially announced their cloud partnership Thursday. The deal, worth tens of billions of dollars, gives Anthropic access up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Ford Motor — Shares of the Detroit automaker jumped 4% in after-hours trading. Ford Motor’s third-quarter earnings results exceeded Wall Street’s expectations, but the company lowered its full-year guidance due to impacts of a fire at an aluminum supplier. Ford reported adjusted earnings per share of 45…
Workers at a factory in Houston, Texas build servers for Apple.AppleApple has started shipping advanced servers for artificial intelligence applications out of a factory in Houston, Texas, the company announced on Thursday.These servers are a core part of Apple’s commitment to spend $600 billion in the U.S. on advanced manufacturing, suppliers, and other initiatives, and the milestone could please President Donald Trump, who has called for Apple and other technology companies to do more manufacturing on U.S. shores.Apple’s plan to assemble servers in the U.S. was first revealed in February. Apple Chief Operating Officer Sabih Khan said on Thursday that…
The U.S. Attorney for Maryland had told superiors at the Department of Justice that she does not believe there is strong enough evidence to charge Sen. Adam Schiff of California with mortgage fraud, MSNBC reported Thursday.President Donald Trump has called on Attorney General Pam Bondi to criminally charge the California Democrat Schiff, a staunch critic of the president who acted as prosecutor in Trump’s first impeachment trial.MSNBC, citing three people familiar with the matter, reported that Maryland U.S. Attorney Kelly Hayes, in recent days, met with Deputy Attorney General Todd Blanche to update him on her investigation of Schiff.”Hayes, an…
ESPN and YouTube TV.David Buono | Icon Sportswire | Jaque Silva | NurPhoto | Getty ImagesJust a month after reaching an agreement with NBCUniversal to avoid dropping its networks, YouTube TV has another potential blackout on its hands — this time with Disney.Disney said Thursday it would begin running public messages for YouTube TV subscribers to alert customers that the company’s networks, including ABC and ESPN, will be dropped from the service if the two sides can’t reach a new distribution agreement, which expires October 30 at 11:59 p.m. ET.”This is the latest example of Google exploiting its position at…
Tesla third-quarter earnings missed expectations , and many analysts see a tough path for the electric vehicle maker ahead. Shares slipped 3% after the electric vehicle maker reported third-quarter adjusted earnings of 50 cents per share, missing the 54 cents per share analysts polled by LSEG had forecast. However, Tesla’s revenue came in at $28.10 billion, exceeding the expected $26.37 billion. Automotive revenue also jumped 6% year over year to $21.2 billion from $20 billion. Sales increased in the last quarter, as many customers pulled their purchases forward before the expiration of federal tax credits for electric vehicles. Going forward,…
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California. Kevin Carter | Getty ImagesTarget said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales.It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to employees at its headquarters.The eliminated roles are a combination of about 1,000 employee layoffs and about 800 positions that will no longer be filled,…
