U.S. President Donald Trump is leaving the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday.The G7 has struggled to find unity over conflicts in Ukraine and between Israel and Iran as Trump overtly expressed support for Russian President Vladimir Putin and has imposed tariffs on many of the allies present.Trump had earlier urged everyone to immediately evacuate Tehran, and reiterated that Iran should have signed a nuclear deal with the United States.”Much was accomplished, but because of what’s going on in the Middle East, President…
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Sunset at Shinjuku , Tokyo – Japan.Xavierarnau | E+ | Getty ImagesAsia-Pacific markets were set open slightly higher Tuesday, as investors hope the Israel-Iran conflict might remain contained with Tehran reportedly signaling readiness to negotiate.Investors await the Bank of Japan’s policy verdict, with the BOJ expected to stand pat on interest rates at 0.5% in the face of an uncertain trade climate, as it concludes its two-day policy meeting later in the day.Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 38,575 while its counterpart in Osaka last traded at 38,570, against the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJared Holz, Mizuho, joins ‘Fast Money’ to talk the fallout for Sarepta after another death related to its muscular dystrophy gene therapy.03:41an hour ago Source link
Equity and energy markets appeared to shake off concerns of a wider conflict in the Middle East on Monday, reversing some of the moves from late last week and suggesting that it may take significant military escalation to cause a more lasting sell-off. Traders who look beyond geopolitical issues are not unusual, and this conflict has yet to create the type of damage that has hurt markets in the past, said Henry Allen, London-based macro strategist at Deutsche Bank. “Historically, it’s only been when it’s affected macro variables like growth and inflation. So for markets, the geopolitical events that mattered…
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.The department announced the one-year contract on Monday, months after OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for “national security missions.””Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the Defense Department said. It’s the first contract with…
Some corporate insiders cashed in on the recent stock market rebound, making multimillion-dollar sales last week, including executives at two leading tech companies. Insider transactions are tracked by many professional investors and fund managers. The idea is that when board members or managers are selling a stock, it might express a lack of confidence in the business, and vice versa. Sometimes sales are part of prefiled plans, used in estate and trust management, but there have been several notable transactions in recent days that did not fall into this category, according to VerityData and securities filings. One came from CrowdStrike…
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 (NYSE) in New York City. Spencer Platt | Getty ImagesStock futures were roughly flat on Monday evening as investors continued to monitor the conflict between Israel and Iran.Futures tied to the Dow Jones Industrial Average added 26 points, or 0.06%. S&P 500 futures inched up 0.03%, while Nasdaq 100 futures lost 0.02%.The three major averages ended Monday’s regular trading on a positive note, with the 30-stock Dow adding more than 300 points. The S&P 500 posted a roughly 0.9% advance, while the Nasdaq Composite jumped 1.5%.Investor sentiment was aided by…
U.S. President Donald Trump holds a folder with a document next to British Prime Minister Keir Starmer as they speak to the media during the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | ReutersPresident Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade deal reached between the two allies last month.Trump, standing alongside Starmer at the Group of Seven summit in Canada, said the relationship with Britain was “just fantastic,” as he waved, and briefly dropped, a document which he said he had just signed.”We signed it and it’s…
Apple is underperforming the rest of the “Magnificent 7,” but the technicals show it is at an inflection point, said Jessica Inskip, director of investor research at StockBrokers.com. Apple was one of three names Inskip discussed during the ” Three Stock Lunch ” segment on CNBC’s ” Power Lunch ” Monday. Apple Shares of the tech giant, which are down more than 20% year to date, have the potential to move higher, according to the charts, Inskip said. “There is a very, very strong resistance support zone where we’re in right now — thus the inflection point, which is around…