An Hour Ago
Debt ceiling bill appears likely to pass House Rules Committee
The debt ceiling bill hammered out by President Joe Biden and House Speaker Kevin McCarthy appeared poised to pass a key committee on Tuesday evening.
Rep. Thomas Massie of Kentucky, a Republican swing vote on the House Rules Committee, said late Tuesday that he anticipates voting for a rule that would send the bill to the floor.
If the bill is sent to the floor, it is tentatively scheduled to have a vote on Wednesday night.
— Christina Wilkie, Emma Kinery, Jesse Pound
An Hour Ago
Stock futures open flat
Stock futures opened little changed on Tuesday evening, with futures for the Dow, S&P 500 and Nasdaq 100 all marginally lower.
— Jesse Pound
An Hour Ago
Ambarella slides after issuing soft guidance
Shares of gaming chipmaker Ambarella fell more than 12% in extended trading after the company’s second-quarter revenue guidance came in short of expectations.
Ambarella, like many other chip stocks, has risen sharply in recent weeks amid investor excitement around the demand for semiconductors from breakthroughs in artificial intelligence. However, the slide in extended trading threatens to erase more than half of Ambarella’s gains in May.
Check out more after-hours movers here.
— Jesse Pound
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