Category Archives: Syndicated

S&P 500 futures inch higher after index’s first-ever close above 5,400: Live updates

(CNBC) S&P 500 futures rose slightly Wednesday night after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision and a May consumer inflation print that came in cooler than expected. […]

Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year

(CNBC) Databricks, the data analytics software vendor that’s among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. Annualized sales through July, or the […]

Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates

(CNBC) The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been “modest further progress” toward […]

GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’

(CNBC) A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike in trading volume in the call options that meme stock leader “Roaring Kitty” owns. The last time Roaring Kitty, whose legal name is Keith Gill, […]

Broadcom beats earnings estimates, announces 10-for-1 stock split

(CNBC) Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts’ estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. To read […]

Tesla shareholder sues Musk to return billions in alleged unlawful profits

(CNBC) Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s $56 billion pay package, […]

Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit

(CNBC) The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy. To […]

Stock futures are little changed ahead of Fed’s rate decision, consumer inflation data: Live updates

(CNBC)Stock futures oscillated near the flatline Tuesday night as investors awaited the Federal Reserve’s interest rate decision and May’s consumer inflation data. Futures tied to the Dow Jones Industrial Average slipped 9 points, or 0.02%. S&P 500 futures ticked up by 0.04%, while Nasdaq 100 […]

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

(CNBC) Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that […]

Here’s what investors expect from the stock market after the Fed decision Wednesday

(CNBC) Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. While the central bank in March last projected three rate cuts over the course of 2024, the latest batch of […]

Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000

(CNBC) The price of bitcoin was last lower by 3% at $67,582.34, according to Coin Metrics, extending a decline that began last week when bitcoin retreated from the $70,000 level. Earlier in the day, it fell as low as $66,140.67. Ether fell 4.8% […]

Stock futures slip as investors gear up for start of Fed policy meeting: Live updates

(CNBC) Stock futures inched lower Monday night as investors await the start of June’s Federal Reserve policy meeting. Dow Jones Industrial Average futures lost 60 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures both lost roughly 0.1%. Those moves follow a muted but notable […]