(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 heading into Monday’s session were looking at financials as the sector outperforms. JPMorgan also breaks down its year-end outlook for stocks. David Zervos’ outlook on financials David Zervos of Jefferies expects financials to be one of the best performing sectors in the second half of 2025. “I’m very optimistic on deal flow and a deregulatory story that starts to hit the energy sector and financial sector,” said Zervos. ” I think there…
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Janine Kraft, store manager of the Tante Enso store in Wörlitz, Germany, sorts goods onto the shelves.Picture Alliance | Picture Alliance | Getty ImagesGermany’s annual inflation rate unexpectedly eased to 2% in June, bringing Europe’s largest economy in line with the European Central Bank’s target, preliminary data from statistics office Destatis showed Monday.Analysts polled by Reuters had expected a reading of 2.2% in the twelve months to June.The German print is harmonized across the euro zone, allowing for a direct comparison with other single currency states. The consumer price index had eased to 2.1% in the year to May.Elsewhere in…
The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesModerna on Monday said its experimental mRNA-based flu vaccine produced a stronger immune response than a currently available shot in a late-stage trial, clearing a path forward for the product and the company’s separate combination flu and Covid jab.Moderna in May voluntarily withdrew an application seeking approval of its combination shot targeting Covid-19 and influenza, saying it had plans to resubmit it with efficacy data from the phase three trial on its standalone flu vaccine. That decision came after discussions with the Food and…
Jefferies sees a rosy outlook ahead for Walt Disney . The bank upgraded shares of the entertainment giant to buy from hold. Analyst Ed Alter also lifted his price target to $144 per share from $100, implying nearly 18% upside from Friday’s close. Alter pointed to the launch of two new cruise ships in the first quarter of next year as a catalyst. Together, these ships could drive incremental revenue up between $1 billion to $1.5 billion. The analyst also applauded Disney’s direct-to-consumer business, especially the content and sports slate offered on its streaming platform, Disney+. Names such as “Moana…
Sustainable cloud growth should make Oracle shares look even more attractive, according to Stifel. The bank upgraded the tech company to buy from hold. Analyst Brad Reback lifted his price target to $250 per share from $180, which signals upside of about 19% from Friday’s close. Shares of Oracle have been on fire in 2025, gaining 26%. Reback believes that Oracle’s cloud acceleration appears sustainable, which would drive further gains. For each of the next two fiscal years, the analyst forecasts that Oracle’s total cloud revenue could grow in the high 30% range. ORCL YTD mountain ORCL YTD chart “Upgrade…
A tractor plows a field as seen through heat shimmers during a heat wave in Woodland, California, U.S. May 30, 2025. Fred Greaves | ReutersWASHINGTON — President Donald Trump said in an interview on Fox News that the administration is working to develop a temporary pass for immigrants who work in certain industries, which would mark the latest shift in the administration’s approach to immigration enforcement for farmworkers.”We’re working on it right now. We’re going to work it so that some kind of a temporary pass where people pay taxes, where the farmer can have a little control, as opposed to you…
When the tyranny of the “Magnificent Seven” ended, I always figured the money would go to the rest of tech. I also didn’t think that there would be anything left of the Mag 7 to invest in. They would all be obliterated as part of a source-of-funds move. Club name Nvidia would be grounded by China fears, both DeepSeek and restrictions by President Donald Trump. It was too good to be true, when Nvidia was in the high $80s a share, that it could find its way to new highs. Microsoft , another portfolio member, would falter because Copilot would falter.…
U.S. Treasury yields moved lower as investors monitored whether the Senate would pass President Donald Trump’s divisive spending bill over the next few hours.At 3:59 a.m. ET, the benchmark yield was 2 basis points lower at 4.257%, and the 30-year yield moved 3 basis points lower to 4.814%. Meanwhile, the 2-year yield was little changed at 3.73%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.Trump’s “big, beautiful bill” passed a key procedural hurdle in the Senate on Saturday and is now slated for a final debate in the Senate.The package could add over $3.9 trillion to the national debt,…
Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham, United Kingdom. Wpa Pool | Getty Images News | Getty ImagesLONDON – The U.K.-U.S. trade deal comes into play on Monday, giving a preferential tariff rate to British cars imported to America, while questions linger over final levies on the U.K.’s metal exports.Back in May, the U.K. became the first country to negotiate a trade deal with the U.S. since White House leader Donald Trump unveiled his so-called reciprocal tariffs a month prior. The terms of the agreement are effective…
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