Author: Daniel snow

Abbott competitor drops out, special circumstance for Nvidia earnings

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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. Markets: Stocks edged down slightly Wednesday as investors awaited several major earnings reports after the bell, including quarterly results from Nvidia and Salesforce . The muted market action followed a strong S & P 500 rally on Tuesday, driven by President Donald Trump’s decision to postpone the 50% tariff on European Union imports that he had threatened the previous Friday. Exiting TAVR : Boston Scientific announced in a filing Wednesday that…

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JD Vance tells bitcoin conference stablecoins don’t threaten dollar

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Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas.John Locker | APLAS VEGAS — Vice President JD Vance used his position on stage at the biggest bitcoin conference of the year to push the Trump administration’s efforts on stablecoin legislation, touting its potential benefits to the U.S. economy.”In this administration, we do not think that stablecoins threaten the integrity of the U.S. dollar. Quite the opposite,” Vance said, in his keynote at Bitcoin 2025 in Las Vegas on Wednesday. “We view them as a force multiplier of our economic might.”Months after a successful campaign…

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Trump nuclear orders could open small reactors by 2030: GE Vernova

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Scott Strazik, chief executive officer of GE Vernova LLC, speaks during the CERAWeek by S&P Global conference in Houston, Texas, US, on Thursday, March 13, 2025. Aaron M. Sprecher | Bloomberg | Getty ImagesPresident Donald Trump’s executive orders on nuclear power could lead to the deployment of small modular reactors in the U.S. by late 2030, GE Vernova CEO Scott Strazik said Wednesday.Trump on Friday ordered the Nuclear Regulatory Commission to decide on applications to construct and operate new nuclear plants within 18 months. The order also calls for the NRC to “adopt shorter deadlines tailored to particular reactor types.”…

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Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

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Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show.The summary of the May 6-7 meeting of the Federal Open Market Committee reflected ongoing misgivings about the direction of fiscal and trade policy, with officials ultimately deciding the best course was to keep rates steady.”Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take a cautious approach until the net economic effects of the array of changes to government policies become clearer,” the minutes stated. “Participants…

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Anthropic appoints Netflix Chairman Reed Hastings to board

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Reed Hastings speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021.David Swanson | ReutersArtificial intelligence startup Anthropic said Netflix Chairman Reed Hastings is joining its board of directors.Hastings, who co-founded Netflix in 1997 and served as CEO (and eventually co-CEO) of the streaming giant until 2023, was appointed to the board by Anthropic’s Long Term Benefit Trust, an independent body of five financially disinterested members, according to a press release on Wednesday.Hastings, 64, has held other high-profile board positions in the tech sector, including at Microsoft, Bloomberg and Facebook, which is now Meta.Anthropic…

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