Author: Daniel snow
MicroStrategy’s stock was heading toward its first decline in six sessions, and Monness Crespi Hardt’s Gus Gala — who is Wall Street’s only bearish analyst on the company — reiterated his sell recommendation. Source link
President Donald Trump and his supporters point to encouraging economic indicators to argue that concerns about his tariffs are overblown. Skeptics, however, say it’s too soon to declare that all’s well. Source link
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSECircle shares slid on Tuesday after the U.S. House of Representatives failed to clear a key procedural hurdle that would have teed up votes on long-awaited crypto-related bills.The move dealt a major setback to the digital asset industry, which had cast this week as a turning point for regulatory clarity in Washington, D.C.Circle, the stablecoin issuer that’s soared in value since its public market debut last month, fell more than 5% after the vote. Crypto exchange Coinbase slipped about 2%.Even…
New research demonstrates methods for reducing AI energy consumption by up to 90 percent. Source link
“Safe to say we still happy with our decision,” Beckham says. Source link
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletGeneral Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of pickup trucks in its home state.”GM will begin production of the Cadillac Escalade, as well as the Chevrolet Silverado and GMC Sierra light duty pickups at Orion Assembly in early 2027 to help meet continued strong customer demand,” the Detroit automaker said in a statement. The Escalade…
Portland Fire’s new logo and the return of its original team name.Courtesy: Portland Fire | WNBAPortland’s WNBA expansion team on Tuesday unveiled its new branding and name — the Portland Fire — a rekindling of the city’s previous WNBA team that played from 2000 to 2002.The new logo features a rose on fire, a reference to Portland’s nickname as the “Rose City,” merged with the “unrelenting intensity of flame,” according to a release by the WNBA. The team colors are red, brown, blue and pink.”As a city that has long championed women’s sports, Portland is ready to reclaim its place…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were mostly lower on Tuesday despite a rally in Club name Nvidia and other chip stocks. Bond yields were spiking in reaction to the June consumer price index, which rose in line with estimates, and profit-taking in financials following the first round of second-quarter earnings reports. We think the selloffs in Club names BlackRock and Wells Fargo were overdone, but recognize it could take a couple of days…
The space-launch company’s stock hit an all-time intraday high and is on pace for a record closing high. Source link
Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesThe U.S. House failed Tuesday to clear a key procedural hurdle that would have cleared the way for votes in the lower chamber on several crypto-related bills.The failed vote delivers a major blow to to the crypto industry, which was hoping for a series of legislative wins this week — which had been billed as “Crypto Week.”The final vote was 196-223, with 13 Republicans voting with Democrats to block the procedural motion, NBC News reportsThis is breaking news. Please refresh for updates. Source…