(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in gold as well as chip stocks to play the expected increase in global defense spending. Worldwide Exchange pick: Barrick Mining Gina Sanchez of Chantico Global sees Barrick Mining having more upside despite a recent pull back in gold prices. She added that it has an attractive valuation, trading at approximately 10.5 times forward earnings. “The demand for gold will likely continue [and] a proxy for that in…
Author: usaeverydaylife
On a massive, 2,250-acre site about 250 miles north of New Orleans, hundreds of construction workers and tons of heavy equipment are turning former soybean fields into what will be the largest data center in the Western Hemisphere. And in the process, officials say, they are transforming Louisiana’s economy.”It put us on a scale that has a lot of people, not just domestically, but internationally, sort of rethinking Louisiana,” Secretary of Economic Development Susan Bourgeois told CNBC.Meta, the parent company of Facebook, Instagram and WhatsApp, announced in December that it had chosen Louisiana as the site for its largest data…
JPMorgan sees a rosy outlook ahead for Yum Brands . The bank upgraded shares of the Taco Bell, KFC and Pizza Hut owner to an overweight investment rating from neutral, but analyst John Ivankoe lowered his 12-month price target to $162 per share from $170. This revised forecast is still approximately 14% higher than where shares closed Tuesday. Yum has added more than 6% this year, outperforming a gain of less than 4% for the S & P 500. YUM YTD mountain YUM YTD chart Ivankoe cited several catalysts for the stock, including strong free cash flow generation, a lower…
The British pound is widely forecast to continue rising against the U.S. dollar.Matt Cardy | Getty ImagesThe British pound is hovering at its highest level in more than three years — and analysts are divided on the potential for further upside.Britain’s currency was last seen trading around the $1.36 mark on Wednesday morning in London.It marked a slight drop from Tuesday, when sterling hit its highest level since January 2022.So far this year, the pound has surged 8.7% against the greenback.Stock Chart IconStock chart iconGBP/USD priceAgainst the euro, however, sterling is down 2.9% year-to-date. It was last seen trading marginally…
A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom.Anadolu | Anadolu | Getty ImagesTesla new car sales in Europe fell for a fifth straight month in May, according to data from the European Automobile Manufacturers Association (ACEA), as customers pivot to cheaper Chinese electric vehicles.Data published Wednesday by ACEA found that Tesla’s car sales in the European Union, Britain and the European Free Trade Association fell to 13,863 units in May, down 27.9% year-on-year. Tesla’s European market share also dropped…
It’s still early days for Microsoft’s artificial intelligence business, according to Wells Fargo. The bank reiterated its overweight rating on the technology giant and raised its price target to $585 from $565. This updated forecast is approximately 19% higher than where shares closed on Tuesday. “We still see a bright future ahead for Microsoft, driven by continued growth prospects in huge categories of IT spend, ability to further monetize strong positioning in multiple end markets, and a financial profile that continues to exhibit durable margin expansion,” wrote Wells Fargo analyst Michael Turrin. “We acknowledge shares are trading near historical highs,…
Bernstein thinks investors are underappreciating Coinbase’s potential. Analyst Gautam Chhugani stood by his outperform rating on the stock and hiked his price target to $510 per share from $310. Shares of Coinbase closed at $344.82 on Tuesday afternoon, meaning that Chhugani’s revised target represents upside of approximately 48%. “Coinbase is the most misunderstood company in our Crypto coverage universe. … Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank,” he wrote. “It is the only Crypto company in the S & P500, dominates U.S. Crypto trading market, runs the largest stablecoin business amongst exchanges, dominates institutional…
American flags are displayed on the lawn of the National Mall with the U.S. Capitol Building in the background on June 2, 2025, in Washington, D.C. Kevin Carter | Getty Images News | Getty Images’Big beautiful’ bill includes Medicaid work requirementsThe House and Senate versions of the “big beautiful” bill would impose federal work requirements on Medicaid for the first time.Per the House and Senate proposals, individuals ages 19 to 64 who apply for Medicaid or who are enrolled through Affordable Care Act expansion group would need to would need to work or participate in qualifying activities for 80 hours…
Military vehicles are seen during a military parade commemorating the Greek Independence Day in Athens, Greece, on March 25, 2025.Marios Lolos | Xinhua News Agency | Getty ImagesSun-soaked Greece may not immediately come to mind as a top defense spender — but only four NATO allies spent a bigger slice of their GDP on security than the Mediterranean country last year.In addition to the U.S., NATO estimates show that tally includes Poland, Latvia and Estonia, which ramped up their defense expenditures in response to Russian aggression in recent years.Greece has meanwhile consistently been a big defense spender, spending around 3.1%…
The NATO summit in the Netherlands.Haiyun Jiang | Via ReutersIt’ll be a moment of truth for NATO on Wednesday when the Western military alliance releases a joint statement on a heavily pushed and previewed collective defense spending hike.Allies have been corralled, cajoled and pressured to hike their defense expenditure from 2% to 5% of each member nation’s gross domestic product by 2035, even as some have struggled to meet the lower target.It’s widely expected that the bloc’s 32 member states will green light the hike on Wednesday — NATO ambassadors have already agreed in principle — but action, and the…
