President of National Amusements Shari Redstone arrives at the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, on July 5, 2022.Brendan Mcdermid | ReutersParamount Global chair Shari Redstone was diagnosed with thyroid cancer earlier this spring, a spokesperson for Redstone said in a statement to Reuters on Thursday.After experiencing fatigue and other symptoms, Redstone sought medical help about two months ago and was diagnosed with thyroid cancer the next day. While surgeons removed her thyroid gland, some cancer cells remained as they had spread to her vocal cords, according to the New York Times, which first reported…
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The London Stock Exchange has struggled to entice companies looking to go public — but some market watchers say a tariffs-driven diversification away from the U.S. could help the U.K. win back a greater share of the IPO market. On Thursday, British fintech giant Wise dealt a fresh blow to the London Stock Exchange by announcing plans to move its primary listing from the U.K. capital to New York. It came soon after metals investor Cobalt Holdings scrapped plans for a London IPO. The firm confirmed to CNBC on Thursday that its U.K. listing would not go ahead, but declined…
The S&P 500 slid on Thursday, dragged down by falling Tesla shares. The EV company tumbled more than 14%. Here’s what’s on CNBC’s radar going into Friday. Source link
‘Fast Money’ traders answer viewer question on aerospace investing. Source link
Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group’s IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | ReutersStock market futures were mostly calm on Thursday evening ahead of a key jobs report that is expected to shed light on the health of the U.S. economy.S&P 500 futures were little changed. Futures linked to the Dow Jones Industrial Average ticked up 0.1% while Nasdaq 100 futures shed 0.1%.The May nonfarm payrolls report is due out before the opening bell on Friday. Economists expect growth of 125,000 jobs,…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Mathisworks | Digitalvision Vectors | Getty ImagesWhile Elon Musk has ended his government cost-cutting initiative that resulted in thousands of federal job cuts, mass layoffs are still roiling corporate America.Companies are under increasing pressure to trim costs against the backdrop of global economic uncertainty brought on by President Donald Trump’s tariff policies. Several companies have announced price hikes. Layoffs mark another way to pull back.Trade tensions have also raised concerns about the general health of the U.S. economy and the job market. While the April jobs reading was better than expected, a separate reading from ADP this week showed private…
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The $100 trillion wealth transfer from older to younger generations is set to reshape the wealth management industry, as younger investors plan to move their money to new advisors, according to a new report.A new survey from Capgemini shows that 81% of “next generation millionaires,”…
Here are the stocks making headlines in after hours trading on Thursday. Lululemon — The apparel stock slumped 20% after earnings guidance came in below expectations. Lululemon projected second-quarter earnings per share of $2.85 to $2.90 per share. Analysts surveyed by LSEG were looking for $3.29 per share. Lululemon also cut its full-year earnings guidance. Docusign — The software stock slid 16% after reporting slower-than-expected billings growth. First-quarter billings of $739.6 million were short of the $746.2 million projected by analysts, according to FactSet. Tesla — The electric vehicle maker fell about 2% in extended trading as Elon Musk and…
(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 on Thursday are looking at alternative asset manager names as potential rebound plays, along with small-cap stocks. Another investor is looking at how to play the quantum computing space. Worldwide Exchange picks: Apollo Global and Blackstone Storm Uru of LionTrust Asset Management sees upside in alternative asset managers Apollo Global and Blackstone that are both more than 30% off their 52-week high. “The long term structural case for these companies is really…
