Author: Daniel snow

Oracle shares pop 15% to record high on earnings beat, cloud optimism

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Larry Ellison, Oracle’s co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other topics.Andrew Harnik | Getty Images News | Getty ImagesOracle shares soared 15% on Thursday and headed for a record close…

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Chime opens at $43 in Nasdaq debut after pricing IPO above range

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CEO of Chime, Chris Britt, center right, rings the opening bell during the company’s initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Andres Kudacki | Getty ImagesChime opened at $43 in its Nasdaq debut on Thursday after selling shares at $27 each in an IPO that valued the online banking company at $11.6 billion.Late Wednesday, Chime raised about $700 million in its offering, and existing investors sold an additional $165 million worth of shares. The stock is trading under the ticker symbol CHYM.Chime’s IPO, from a valuation perspective, represents a big step down…

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Trump CFPB cuts reviewed by Fed inspector general

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Director of the Office of Management and Budget (OMB) Russell Vought attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersThe Federal Reserve’s inspector general is reviewing the Trump administration’s attempts to lay off nearly all Consumer Financial Protection Bureau employees and cancel the agency’s contracts, CNBC has learned.The inspector general’s office told Sen. Elizabeth Warren, D-Mass., and Sen. Andy Kim, D-N.J., that it was taking up their request to investigate the moves of the consumer agency’s new leadership, according to a June 6 letter seen by CNBC.”We had already initiated…

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Costco’s $130 Executive Membership just got a brand new perk

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Costco’s biggest spenders will soon be getting more bang for their buck.Three months after the retailer extended hours at its North American gas stations, Costco has announced that shoppers who pay for its $130 Executive Membership will be able to enjoy early access to its warehouses.Stores will now be open to Executive Members beginning at 9 a.m., giving them an extra hour in the store before Gold Star members are let in. The new change was announced a little over a week after CEO Ron Vachris said on the company’s May 29 earnings call that customer response to the gas…

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Mutual funds vs. ETFs — the difference and the role they can play in your portfolio

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Here’s our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week’s first question: What is the difference between an ETF & a mutual fund? — Maxine Exchange-traded funds (ETFs) and mutual funds are common ways to invest in a diversified basket of stocks or bonds. They can be actively or passively managed. The main differences? ETFs are traded like individual stocks, and prices…

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