Author: Daniel snow
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks surged Friday following better-than-expected labor data. Nonfarm payrolls rose 139,000 in May, above the Dow Jones estimate of 125,000. The S & P 500 jumped more than 1% in early trading as a result, reaching levels not seen since late February. It’s great news, given U.S. corporations have been bracing against the impact of tariffs and the potential of a weakening economy. “Sometimes you get an employment number that really threads the…
Cuban thinks we all need to prepare to venture out of the office and meet people face-to-face. Here’s why. Source link
When the Trump administration begins hiring next month, it will prioritize ‘patriots.’ Are loyal employees good for innovation? Source link
Broadcom’s overall guidance may not have wowed Wall Street after the stock’s big recent run, but “AI is strong and getting stronger,” one analyst noted. Source link
The Docusign Inc. application for download in the Apple App Store on a smartphone arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesShares of DocuSign tanked 18% in trading on Friday, a day after the e-signature provider reported stronger-than-expected earnings but slashed its full-year billings outlook.Here’s how the company performed in the fiscal first quarter, compared with estimates from analysts polled by LSEG:Earnings per share: 90 cents, adjusted, vs. 81 cents expectedRevenue: $764 million vs. $748 million expectedBillings, a closely-watched sales metric, came in at $739.6 million in the fiscal first…
Tesla’s stock is driven by sentiment, which has soured greatly. Plus, Musk has now alienated Republicans and Democrats alike. Source link
Shares of Rocket Lab and Intuitive Machines are getting a lift Friday as the outlook for Elon Musk’s SpaceX comes into question. Source link
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — Used vehicle prices last month eased from their recent high in April as consumers who may have needed a vehicle but feared price hikes due to tariffs flocked to purchase a car or truck, according to a closely watched barometer of pre-owned prices.Cox Automotive’s Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — decreased 1.5% from April to May, but remained 4% higher than…
US President Donald Trump during a meeting with Chancellor of Germany Friedrich Merz in the Oval Office of the White House on Thursday June 5, 2025. Demetrius Freeman | The Washington Post | Getty ImagesPresident Donald Trump on Friday urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point, despite a better-than-expected result from the Labor Department’s latest jobs report.Trump, who has regularly badgered Powell to cut rates in order to boost the economy, argued for a full-point cut even as he maintained that the country is “doing great.””Go for a full point, Rocket Fuel!”…
A sign in German that reads “part of the UBS group” in Basel on May 5, 2025.Fabrice Coffrini | AFP | Getty ImagesThe Swiss government on Friday proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital, following its 2023 takeover of stricken rival Credit Suisse.The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks.”The rise in the going-concern requirement needs to be met with up to USD 26 billion of CET1 capital, to allow the AT1 bond holdings…