Author: Daniel snow
Reviewing Tuesday’s market session, CNBC’s Jim Cramer said President Donald Trump’s actions draw short sellers and prompt investors to make misguided moves.”When you examine the market’s mistakes, they share a common theme: the president’s distorting pretty much everything, especially with his tariffs and his jingoistic approach to the rest of the world, and it’s continually confounding traders and investors alike,” he said. “People would just rather be short, they expect the market to come down every day.”The indexes saw gains on Tuesday as the Dow Jones Industrial Average climbed 0.51%, the S&P 500 rose 0.58% and the Nasdaq Composite added…
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesSen. Elizabeth Warren’s office issued a report Tuesday chronicling Elon Musk’s “130 days” in President Donald Trump’s administration, accusing the billionaire of using his government perch to enrich himself and his businesses.”Musk and individuals acting on his behalf have been involved in dozens of questionable actions that raise questions about corruption, ethics and conflicts of interest,” says the report by the Massachusetts Democrat’s office.The 14-page report outlines more…
CrowdStrike’s revenue outlook comes up short, but the company sees big opportunity ahead as it takes advantage of AI and gets customers to embrace more of its portfolio. Source link
Wells Fargo & Co. on Tuesday cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal. Source link
The company is seeing growth from sovereign customers, with one executive calling out AI momentum in the Middle East. Source link
Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S., May 29, 2025. Manuel Orbegozo | ReutersNvidia passed Microsoft in market cap on Tuesday, once again becoming the most valuable publicly traded company in the world.Shares of the artificial intelligence chipmaker rose about 3% on Tuesday to $141.40, and the stock has surged nearly 24% in the past month as Nvidia’s growth has persisted even through export control and tariff concerns.The company now has a $3.45 trillion market cap. Microsoft…
A key catalyst for Wells Fargo stock is finally here. The Federal Reserve Board announced Tuesday that it is finally lifting the $1.95 trillion asset cap imposed on Club name Wells Fargo since February 2018, a punishment brought on by the bank’s past misdeeds, including its notorious cross-selling scandal in the 2010s. “The removal of the growth restriction reflects the substantial progress the bank has made in addressing its deficiencies and that the bank has fulfilled the conditions required for removal of the growth restriction,” the Fed said in a press release. The asset cap had prevented one of Wall…
How the continent’s divisions compare to America’s own factions. Source link
Trump is governing by unchecked gut impulses, with little or no homework or coordination among agencies. The results could be disastrous. Source link
George Kurtz, chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesCrowdStrike shares fell 7% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast.Here’s how the company did against LSEG consensus:Earnings per share: 73 cents, adjusted vs. 65 cents expectedRevenue: $1.10 billion vs. $1.10 billion expectedRevenue increased by nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or 44 cents…