European defense stocks could be set for another big tailwind, according to an analyst who says the sector is about to see a surge in demand from one particular pocket of the market. Speaking to CNBC’s “Squawk Box Europe” on Thursday, Ben Heelan, Bank of America’s head of EU industrials research, said his team expects European long-only investors are yet to buy into the defense space. Many ESG funds, which have historically swerved defense investments, appear to have shifted their stance on the sector amid rising geopolitical instability and commitments from Western governments to grow their security budgets. Heelan pointed…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange at the opening bell on April 9, 2025.Timothy A. Clary | Afp | Getty ImagesStock futures were little changed on Monday, as investors prepare for a fresh inflation report.Futures tied to the Dow Jones Industrial Average fell 9 points, or 0.02%. Nasdaq 100 futures hovered near the flatline, alongside S&P 500 futures.Investors are keenly focused on Tuesday’s consumer price index report, hoping to gather potential insight into how the Federal Reserve will handle short-term interest rates, especially as the S&P 500 hovers near an all-time high. Economists polled by…
Dr. E.J. Antoni, nominee for the Commissioner of the Bureau of Labor Statistics stands next to Donald Trump in the Oval Office.Courtesy: Donald J. Trump via Truth SocialPresident Donald Trump said Monday that he will nominate the economist E. J. Antoni as commissioner of the Bureau of Labor Statistics.Antoni would replace Erika McEntarfer, who Trump fired as BLS commissioner on Aug. 1, after accusing her of manipulating jobs report data.Antoni is the chief economist at the conservative Heritage Foundation. He has been a longtime critic of the BLS.”I am pleased to announce that I am nominating Highly Respected Economist, Dr.…
Brent Thill, Jefferies, joins ‘Fast Money’ to talk what is behind Monday.com seeing its worst trading day ever. Source link
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S.Andrew Harrer | Bloomberg | Getty ImagesSinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said Monday.The company and its advisors have already held deep discussions with potential merger partners, according to people close to the matter who could not speak publicly due to the sensitive nature of the talks. Still, it’s too early to determine a valuation for a potential deal, they added.At the same time, Sinclair…
Intel CEO Lip-Bu Tan makes a speech on stage in Taipei, Taiwan May 19, 2025. Ann Wang | ReutersPresident Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended trading.”I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,” Trump wrote in a post on Truth Social. “The meeting was a very interesting one. His success and rise is an amazing story. Mr.…
This week’s inflation data will be huge for markets, and not just for the numbers. Beneath the Bureau of Labor Statistics’ reports on consumer and producer prices will be simmering questions over the data’s validity. Those concerns have accelerated as budget cutbacks have forced the agency to change the way it collects data. On top of that, President Donald Trump’s decision to fire the BLS commissioner after the July nonfarm payrolls data was released raised worries that the bureau could be politicized. Doubt over the accuracy and integrity of the data is a serious issue considering how much BLS work…
StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has learned.The company originally paused its IPO plans in April as the stock market was reeling from President Donald Trump’s “liberation day” tariffs. The decision came after StubHub submitted its prospectus in March indicating it would list on the New York Stock Exchange under the ticker “STUB.”StubHub now expects to kick off its IPO roadshow after Labor Day, Sept. 1, and make its debut later in the month, according to a…
People walk past an AMC theater in Manhattan, New York City, on Feb. 25, 2025.Jeenah Moon | ReutersShares of AMC Entertainment rose 3% in midday trading Monday after the movie theater chain reported stronger-than-expected second-quarter results.The stock was previously up as much as 11% following the company’s earnings report before the bell.The company posted revenue of nearly $1.4 billion, up about 35% year over year and topping the $1.35 billion Wall Street estimate, according to LSEG.AMC reported a net loss of $4.7 million, or just 1 cent per share, notably narrower than the loss of $32.8 million, or 10 cents…
