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☆ 11 top tech stocks to buy for up to 41% upside as strong Q2 earnings spark another major rally
▼ + stars: | 2024-07-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Few voices in markets have matched Ives' zeal for tech stocks in recent years. "The AI revolution is the strongest tech trend we've seen in 40 years," Ives said. "And anyone that thinks different will be proven wrong because the growth is so outsized in the tech sector." 11 tech stocks to buy nowWhile Wedbush is bullish about tech broadly, Ives and his colleagues are most excited about 11 stocks that are either exceptional tech giants or leading cybersecurity companies. Below are those 11 stocks along with the ticker, market capitalization, price target, and upside to that target for each.

Persons: —, Dan Ives, Ives, monetization Organizations: Service, Wedbush Securities, Business, Nvidia, Microsoft, Wall, Tech

☆ British pound breaches $1.30 for the first time in a year as Labour seen ushering in stability
▼ + stars: | 2024-07-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — The British pound on Wednesday broke above the $1.30 level against the U.S. dollar for the first time in a year, as investors bank on a coming period of growth-friendly policies and political stability under the newly elected Labour government. Sterling was 0.5% higher against the U.S. dollar at $1.303 at 1:04 p.m. in London (8:04 a.m. U.K. inflation came in at the Bank of England's 2% target for a second straight month, figures published earlier Wednesday showed. However, the inflation print slightly reduced market bets on an August rate cut from the central bank due to the stickiness of the key services print. The U.K. currency has also been supported by the recent landslide parliamentary victory for the Labour Party, according to analysts.

Persons: Sterling, Joe Tuckey Organizations: U.S, Labour, Bank of England's, Labour Party Locations: London

☆ Steve Bannon filmed Jeffrey Epstein for 15 hours. His 'documentary' has never surfaced.
▼ + stars: | 2024-07-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +16 min

Read previewBefore his 2019 death in jail, Jeffrey Epstein spent hours being interviewed on camera by Steve Bannon. AdvertisementAlexandra Preate, a spokesperson for Bannon, told BI in December 2021 that the documentary about Epstein would be screened "probably around Labor Day." In the 2000s, Trump and Jeffrey Epstein fought over Trump's purchase of a Palm Beach mansion that Epstein coveted. Mark Epstein said Jeffrey Epstein told him he wasn't subpoenaed for any depositions at that time. "You were the only person I was afraid of during the campaign," Bannon told Epstein, according to Wolff's book.

Persons: —, Jeffrey Epstein, Steve Bannon, Bannon, Epstein, Ghislaine Maxwell, Epstein —, Donald Trump's, He's, Kevin McCarthy, Alexandra Preate, Preate, Trump Bannon, Mark Epstein, Jeffrey Epstein's, Donald Trump, Melania Knauss, Jeffrey, Trump, Bannon's, Steve Bannon's, Jacob Shamsian, wasn't, would've, Brett Kavanaugh, Kavanaugh, he's, Mike Lindell, I've, It's, Guo Wengui, Guo —, Ho Wan Kwok, Miles Guo —, Guo, Leon Black, Black, Epstein's, David Bossie, Bobbi Sternheim, Gloria Allred, Arick Fudali, didn't, David Schoen, Brad Edwards, Emma, Jo Morris, Hunter, Morris, Michael Wolff, Wolff, Julie K, Brown, Alexander Acosta, Acosta, Ehud Barak, Reid Weingarten, Rachel Maddow, Gayle King, King, Patrick Semansky, he'd, Diana, Jean Carroll, Bergdorf Goodman, Carroll Organizations: Service, New York, Business, Global, Victory Films, Trump, Capitol, Labor, Daily, Miami Herald, Davidoff, BI, Voting Systems, Apollo Global Management, White, Citizens United, Office, Southern, of, New, Trump White Locations: Manhattan, Paris, Palm Beach , Florida, Mexico, Danbury , Connecticut, Palm Beach, New York, jshamsian@businessinsider.com, JacobShamsian, York, Miami, Florida, Trump

☆ Chaos at Copa America raises doubts over U.S. 2026 World Cup readiness
▼ + stars: | 2024-07-17 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Fans of Colombia and Argentina the CONMEBOL Copa America 2024 Final match between Argentina and Colombia at Hard Rock Stadium on July 14, 2024 in Miami Gardens, Florida. The Copa America soccer final between Argentina and Colombia on Sunday saw chaotic scenes at the Hard Rock Stadium in Miami — and is raising questions about the United States' preparedness to co-host the 2026 World Cup. (A halftime show was also added this year in a first for the league, further extending the event.) Well, I've never seen anything like I saw last night, and we're not going to see that again," Gilbert said. Miami-Dade Fire Rescue said it responded to a total of 120 incidents at the stadium and the surrounding area, 116 of which were for medical calls.

Persons: Anjali Bal, Oliver Gilbert, I've, we're, Gilbert, Ramón Jesurún Organizations: CONMEBOL Copa, Hard, Copa America, NFL's Miami Dolphins, Babson College, Miami, Dade, Dade Fire Rescue Locations: Colombia, Argentina, Miami Gardens , Florida, Miami —, United States, Miami

Wolfe Research initiated coverage of Amazon with an outperform rating, calling for nearly 30% upside. 7:03 a.m.: Goldman Sachs increases Spotify price target Goldman Sachs thinks Spotify will surpass Wall Street's second-quarter earnings forecasts. The firm and increased its price target to $320 from $317 on shares while maintaining a neutral rating. The analyst upgraded the e-commerce stock to buy from neutral and raised his price target to $82 per share from $78. Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target.

Persons: Wolfe, Goldman Sachs, Wall, Eric Sheridan, Brian Evans, Shopify, Brad Sills, Sills, — Brian Evans, Jefferies, Surinder Thind, Piper Sandler, Peter Keith, Keith, DLTR, Alan Gould, Gould, Shweta, Khajuria, Fred Imbert Organizations: CNBC, Wolfe Research, Bank of America, Spotify, Jefferies, EPAM, EPAM Systems, Trump, Biden, Democrat, Advertising, Cloud Computing, Health, Business, Amazon Logistics Locations: Reddit, Monday's

☆ Usha Vance is the 4th person of South Asian descent to be part of the 2024 presidential campaign. Why that matters
▼ + stars: | 2024-07-16 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +6 min

“It’s about time,” he said, adding the Vances “are going to represent a new generation of Americans.”The 2024 presidential campaign has seen three politicians of South Asian descent vying for the White House: Former South Carolina Gov. Since 2020, according to Pew, the number of eligible Asian American voters has increased by 2 million – roughly the population of Nebraska. According to the Asian American voter survey, the economy, education, inflation and immigration were “highly important” for Asian Americans this election cycle. Kumar said immigration is top of mind for many South Asian Republican voters because of the backlog facing millions of Hindu and Indian Americans who are waiting for green cards. Chen said the work must continue to engage with Asian American voters – many of whom are immigrant, first-time voters – to understand the key role they could play in the upcoming election.

Persons: ” Kumar, Donald Trump, Ohio Sen, JD Vance’s, Usha, ”, Nikki Haley, Vivek Ramaswamy, Kamala Harris, Joe Biden, Haley, Ramaswamy, Vance, Usha Vance, Chintan Patel, United States Kamala Harris, ” Patel, Patel, reimagine, ” Trump, Christine Chen, ” Chen, “ We’re, Kumar, –, Chen, “ It’s Organizations: CNN, Republican Hindu Coalition, Indian Coalition of, Republican National Committee, Yale, White, Former South Carolina Gov, Republican, Trump, Republican National Convention, Indian, Pew Research, Pew, Pacific Islander, AAPI, Advancing Justice, AARP, Voter Survey, American, Democratic Party, Asian, South Asian Republican Locations: Ohio, United States, South, Nebraska, Georgia

☆ Trump's VP pick Vance could have a market impact if they win—Beware Meta and Alphabet
▼ + stars: | 2024-07-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

At a February event, Vance raised concerns about Alphabet and Meta Platforms , saying that the technology behemoths have hurt tech innovation and pose potential risks to democracy. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House. These stocks should fare well given Trump's favorable view toward digital assets, Boltansky said.

Persons: Donald Trump, Trump, J.D, Vance, Peter Thiel, Stifel's Brian Gardner, Sen, Vance's, it's, Research's Blair Levin, Isaac Boltansky, Boltansky, TD Cowen's Paul Gallant, Lina Khan, Pres, Gallant, Raymond James, Ed Mills, Cryptocurrencies, Elizabeth Warren, Stifel's Gardner, Wolfe Research's Tobin Marcus Organizations: Ohio, Yale Law School, Republican Party, GOP, Technology, Twitter, Federal Trade, Street, Trump White House, Trump, Banking, Visa, Mastercard, U.S, Republican Locations: Washington

☆ Trump ready to be ‘peace broker’ on Ukraine, Orban tells skeptical European leaders
▼ + stars: | 2024-07-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —Hungary’s Prime Minister Viktor Orban has told European leaders leaders that Donald Trump is “ready to act as a peace broker” between Russia and Ukraine if elected president, according to a letter seen by Reuters, amid concerns across the continent that Trump would attempt to force Kyiv into ceding territory to Moscow. Orban’s letter, addressed to European Council President Charles Michel and sent to all European Union leaders, was written in the wake of his controversial meetings with former President Trump, Russian President Vladimir Putin and Chinese President Xi Jinping. “I can […] surely state that shortly after his election victory, he will not wait until his inauguration, [Trump] will be ready to act as a peace broker immediately. But his visits with Putin, Xi and Trump have gone down poorly with EU lawmakers, who have accused Orban of vitally “misrepresenting” and “undermining” the EU’s stance on foreign policy. A letter signed by 63 European lawmakers, addressed to the three EU chiefs, said Orban had “caused significant damage” through his meetings.

Persons: CNN —, Viktor Orban, Donald Trump, Trump, Charles Michel, Vladimir Putin, Xi Jinping, “, ” Orban, Orban, pare, ” Trump, Joe Biden, Russia –, Orban –, ”, Putin, Volodymyr Zelensky, Trump’s, Xi, Ursula von der Leyen, Roberta Metsola Organizations: CNN, CNN — Hungary’s, Reuters, European, European Union, Ukraine “, EU, Ukrainian, ”, European Council Locations: Russia, Ukraine, Moscow, Russian, Hungarian, Beijing, Florida, Kyiv, Hungary

☆ Why the 2024 Campaign Is Ripe for Conspiracy Theories - The New York Times
▼ + stars: | 2024-07-16 | by ( Julia Angwin | ) www.nytimes.com time to read: +1 min

It took minutes after the shooting at Donald Trump’s campaign rally on Saturday for misinformation to begin circulating on social media. Perhaps Mr. Trump was shot in the chest. The platform X, formerly known as Twitter, promoted conspiracy theories sporting hashtags like “#falseflag” and “#staged” (alleging that the shooting was staged to gain sympathy for Mr. Trump) among its trending topics. We’ve just experienced the first serious attempted assassination of a presidential candidate in the social media age. Mr. Trump’s surprise victory was attributed partly to his campaign’s strategy of flooding the social media airwaves — an effort supported by a covert Russian influence campaign and a trove of misused Facebook data.

Persons: Donald Trump’s, Trump, We’ve, Mark Scott, ”, Trump’s Organizations: Twitter, Big Tech Locations: Italian, U.S, Russian

Democrats have been planning for weeks to conclude Biden’s nomination process before August 7 – well before the Chicago convention next month. But even as those entreaties are being made daily behind the scenes, plans are being made to solidify his standing with the help of party rules in the Democratic convention process. Democratic National Committee Chairman Jaime Harrison pushed back on any suggestion that attempts might be underway within the DNC to accelerate the virtual roll call. “Fourteen million people voted for me to be the nominee in the Democratic Party. “That’s the democratic process,” Biden said of the ability of delegates to change their mind, before adding confidently: “It’s not going to happen.”This story has been updated with additional reporting.

Persons: Joe Biden, Donald Trump, Biden, Jared Huffman, ”, ” Huffman, “, Jaime Harrison, ” Harrison, –, Donna Brazile, Howard Dean, Terry McAuliffe, Dean, McAuliffe, NBC’s Lester Holt, Biden –, James Clyburn, Sen, JD Vance, ” Ben Kindel, Frank LaRose, Huffman –, Democratic Party –, Huffman, he’s, ” Biden, “ It’s, CNN’s Haley Talbot, Lauren Fox Organizations: Washington CNN, House Democrats, Democratic National Committee, Biden, CNN, ” CNN, Democrats, Democrat, DNC, Lawmakers, Ohio Republicans, Trump, Democratic, Democratic National, Democratic Party, GOP, District of Columbia, Brazile, ”, South, South Carolina Democrat, Democratic House, ’, –, “ Locations: Chicago, California, Ohio, Milwaukee, District, South Carolina

☆ USA Basketball Men’s National Team survives Australia fightback in Olympic warmup contest
▼ + stars: | 2024-07-16 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —The USA Basketball Men’s National Team survived a late Australia fightback in an underwhelming 98-92 victory in an Olympic warmup game on Monday. But when Australia missed chances to reduce the deficit further, back-to-back three-pointers from Tyrese Haliburton sealed the USA win. Not that it’s often mattered, though, with Team USA winning seven of the eight men’s basketball gold medals on offer since professionals were able to participate for the first time at Barcelona 1992. “We stopped playing mid third quarter and started turning the ball over,” Team USA coach Steve Kerr said, per the NBA. For Australia, the defending Olympic bronze medalist, Jock Landale scored a game high 20 points to go with seven rebounds and six assists in a standout performance.

Persons: Haliburton, Devin Booker, “, Steve Kerr, Anthony Davis, Anthony Edwards, Jock Landale, ” Davis, we’ve, ” Organizations: CNN, Men’s, Boomers, Australia, USA, Phoenix Suns, Team USA, Barcelona, ”, Los Angeles Lakers Locations: Australia

☆ GOP sees divine intervention in Trump’s triumphant return
▼ + stars: | 2024-07-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Thousands of Trump supporters in Milwaukee on Monday night hailed their leader, elevating him from MAGA superhero to saint-like status. For Trump’s millions of American fans, Monday night was a validation of their faith in God and the ex-president and the righteousness of his mission. A list of Black Republican and female Republican lawmakers gave speeches, offering a somewhat misleading perception that the GOP has a deep and diverse bench. One GOP source said speechwriters at the convention had thrown out all their pre-written material for the week’s top speakers and started again. The ex-president has a new chance at politics and life in the wake of his assassination attempt.

Persons: Donald Trump, MAGA, Trump, Sen, JD Vance, Ohio, He’s, “, ”, South Carolina Sen, Tim Scott, Providence, Kristi Noem, “ Nobody, They’ve, Marjorie Taylor Greene –, –, president’s, Trump’s, Hell, Joe Biden’s, he’d, Corey Comperatore —, Wisconsin Sen, Ron Johnson, Vance, Biden, ” Vance, Aileen Cannon, Jack Smith’s, … ” Trump, Elise Stefanik Organizations: CNN, Republican National Convention, Trump, Milwaukee Bucks NBA, America . South Dakota Gov, ” Georgia, Republican, Capitol, Washington Examiner, GOP, Wisconsin, Democrat, Florida, Washington , D.C, Democrat Justice Department, ” New York, Justice Department Locations: Pennsylvania, Milwaukee, American, South Carolina, America ., America, Washington, Ohio, New York, Florida, Washington ,

☆ Teoscar Hernández becomes first Dodgers player to win the Home Run Derby
▼ + stars: | 2024-07-16 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

Hernández hit 14 home runs in the final round to become the first Dodgers player in franchise history and seventh Dominican-born player to win the event. In the first round, Hernández belted 13 home runs before entering the three-out bonus period. Trailing behind Texas Rangers slugger Adolis Garcia’s 18 home runs, Hernández rallied by launching six home runs to surpass him and advance. Hernández managed to hit two home runs in the three-swing swing-off, while Bohm hit only one, to book his spot in the final. The time and pitches were reduced in the final round to two minutes and 27 pitches.

Persons: Teoscar Hernández, Bobby Witt Jr, Hernández, ” Hernández, Witt Jr, ’, Adolis Garcia’s, Alec Bohm –, Bohm, Stacy Revere Organizations: CNN, Los Angeles Dodgers, Derby, Kansas City Royals, Life, Dodgers, ESPN, Texas Rangers, Philadelphia Phillies, Phillies, League Baseball’s, National League, American League Locations: Arlington , Texas, Dominican

☆ Meet the woman who helped boost JD Vance from Ohio obscurity to 'Hillbilly Elegy' superstardom
▼ + stars: | 2024-07-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.

Persons: —, Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America

☆ Opinion | A ‘Breathtaking’ Dismissal of the Trump Documents Case
▼ + stars: | 2024-07-16 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Judge Voids Case About Documents That Trump Held” (front page, July 16):It is rare that I read a news article that I describe as breathtaking, but Judge Aileen Cannon’s dismissal of Donald Trump’s classified documents case falls into this rare category. I may have been naïve in my belief that in the U.S. justice system, judges were in place to decide cases based on evidence and arguments before the court. The ruling highlights that individual judges are no longer arbiters but rather extensions of political parties. Steve ReichShort Hills, N.J.To the Editor:The timing of Judge Aileen Cannon’s dismissal of the classified documents case — right before the Republican convention — is so cynical and political. She must have been writing her 93-page opinion for a while, but she released it with impeccable timing to give Donald Trump a victory going into the opening of the convention.

Persons: Trump, Aileen Cannon’s, Donald Trump’s, we’ve, Steve Reich, —, Donald Trump Organizations: Republican Locations: U.S, N.J

☆ What to Know About J.D. Vance, Trump’s Running Mate
▼ + stars: | 2024-07-15 | by ( Maggie Astor | ) www.nytimes.com time to read: +1 min

Vance of Ohio, the newly announced running mate to former President Donald J. Trump, has gone on a rapid journey over the past eight years from best-selling author and outspoken Trump critic to one of Mr. Trump’s staunchest defenders and, now, his would-be second in command. Before running for office, Mr. Vance, 39, was known as the author of “Hillbilly Elegy,” a best-selling memoir recounting his upbringing in a poor family that also served as a sort of sociological examination of white working-class Americans. The book was published the summer before Mr. Trump’s election in 2016, and many readers looked to it after his victory as a sort of guide to understanding Mr. Trump’s support among white working-class communities. Mr. Vance himself harshly denounced Mr. Trump during his 2016 campaign. But by 2022, he had embraced Mr. Trump, winning a crowded Republican Senate primary with his backing and becoming a reliable pro-Trump voice in Congress.

Persons: J.D, Vance of Ohio, Donald J, Trump, Trump’s, Vance, ” Organizations: Trump, Republican

☆ Gold eases, investors seek more cues on Fed's rate path
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +2 min

A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024. Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory. The dollar rose on safety bids after an attempted assassination of former U.S. President Donald Trump, which raised his odds of winning. Data sets due this week include U.S. retail sales, industrial output for June and weekly jobless claims. "If we get another big miss on retail sales, it will reinforce there is a sense of urgency to cut rates, which could help gold.

Persons: Donald Trump, I'm, Trump, Matt Simpson, Jerome Powell, Ilya Spivak Organizations: Gold Investments, Federal Reserve, Trump, Index Locations: London, Beijing

☆ Cramer breaks down which stocks would gain a tailwind from a GOP-presidential victory
▼ + stars: | 2024-07-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer breaks down which stocks would gain a tailwind from a GOP-presidential victory'Mad Money' host Jim Cramer looks at stocks and sectors that would benefit from a GOP-presidential victory.

Persons: Cramer, Jim Cramer Organizations: GOP

☆ Oil extends losses as dollar strengthens following Trump attack
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a second day on Monday as the dollar gained ground amid political uncertainty in the U.S. following an attack on U.S. presidential candidate Donald Trump while investors eyed the progress of talks for a Gaza ceasefire. Brent crude futures fell 55 cents, or 0.7%, to $84.48 a barrel by 0109 GMT after settling down 37 cents on Friday. The dollar firmed on Monday while U.S. bond futures slipped as investors wagered the attack on Trump made his victory in the upcoming presidential election more likely. A stronger dollar tends to lower oil prices as buyers using other currencies have to pay more for their dollar-denominated crude. Still, oil markets are broadly underpinned by supply cuts from OPEC+ with Iraq's oil ministry saying it will compensate for any oil overproduction since the beginning of 2024.

Persons: Donald Trump, Trump, Tony Sycamore, Brent, Baker Hughes Organizations: Brent, . West Texas, ., Hamas Locations: Stanton , Texas, U.S, Gaza, China, Beijing, Israel

☆ Trump Media shares surge 55% in premarket trading after assassination attempt
▼ + stars: | 2024-07-15 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Trump Media shares surged 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday. Shares in Trump Media & Technology Group were 50% higher in premarket trading at 6:29 a.m. "I also call for the federal government to provide any security resources requested by President Trump to guarantee his safety," he added. Trump Media, the parent company of social media platform Truth Social, has seen volatile trading throughout the election race. In its first-quarter earnings report, filed in May, Trump Media posted a net loss of $327.6 million and total revenue of $770,500.

Persons: Donald Trump, Trump, Devin Nunes, Nunes, President Trump, Rob Casey, CNBC's Organizations: Republican, Trump Media, Trump Media & Technology Group, Trump, Signum Global Advisors, Truth Locations: Chesapeake , Virginia, Pennsylvania, TMTG

☆ Stock futures rise slightly following a record-setting session for the Dow: Live updates
▼ + stars: | 2024-07-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. U.S. stock futures were slightly higher on Monday after the Dow Jones Industrial Average closed at a record high. The market also continued its rotation into small-cap stocks, with the Russell 2000 rising 1.8% during Monday's session. The Russell 2000 posted a 6% gain last week. Lee said that small-cap stocks look comparatively more oversold, with valuations even lower this time around.

Persons: Donald Trump, Russell, Tom Lee, Lee, Morgan Stanley, UnitedHealth, Charles Schwab Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Republican, GOP, Fundstrat Global Advisors, Bank of America Locations: New York City, U.S

☆ Powell's comments were a 'victory lap speech,' says Jeffries' David Zervos
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's comments were a 'victory lap speech,' says Jeffries' David ZervosDavid Zervos, Jeffries’ chief market strategist, joins CNBC's 'The Exchange' to discuss Fed Chair Jerome Powell's comments at the Economic Club of Washington D.C.

Persons: Jeffries, David Zervos David Zervos, Jerome Powell's Organizations: Economic, of Washington D.C

☆ Takeaways from the RNC’s first day
▼ + stars: | 2024-07-15 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

Trump called Vance 20 minutes before he announced he’d chosen the Ohio senator on Truth Social, a source familiar with the process told CNN. The two had met at Trump’s Mar-a-Lago club on Saturday, before the rally at which Trump was shot in the ear. Trump is betting that Vance articulating his evolution from Trump critic to supporter will prove much more potent than those older comments. “President Trump honored the Constitution. “I’m here tonight to tell you, no matter your political background, the best chance we have to give our babies a better life is to elect Donald Trump president of the United States,” Rose said.

Persons: Donald Trump, Trump, Ohio Sen, JD Vance, “, ”, Vance, Joe Biden, Vance Rather, he’d, Mike DeWine, CNN Vance, rans, Kristi Noem, she’d, Glenn Youngkin, Elise Stefanik, —, Byron Donalds, “ Donald Trump, South Carolina Sen, Tim Scott, ” Scott, Van Jones, Sean O’Brien, O’Brien, ” O’Brien, Biden, Amber Rose, influencer, ” Rose, CNN Ron Johnson’s Ron Burgundy, Wisconsin Sen, Ron Johnson’s, ” Johnson’s Organizations: CNN, Republican National Convention, Secret Service, Republican, reelecting, Truth, Trump’s, ”, ” Ohio Gov, Republican Party, Trump, Republicans, ” Publicly, Trump —, South Dakota Gov, Virginia Gov, New, New York, Democratic, Florida Rep, International Brotherhood, Teamsters, Labor, CNN Trump, Biden, White House, Donalds, Black Republicans Locations: Milwaukee, Butler , Pennsylvania, Ohio, Pennsylvania, Wisconsin, ” Ohio, Ohio’s, Florida, South Carolina, American, Washington, Michigan , Pennsylvania, United States

☆ Cramer breaks down what's behind the surge in bank stocks
▼ + stars: | 2024-07-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer breaks down what's behind the surge in bank stocks'Mad Money' host Jim Cramer looks at stocks and sectors that would benefit from a GOP-presidential victory.

Persons: Cramer, Jim Cramer Organizations: GOP

☆ Dollar sees safe-haven gains; sliding yen stays on intervention watch
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +3 min

The risk-sensitive Australian dollar fell 0.18% to $0.6771, while the New Zealand dollar slid 0.35% to $0.6097. Under a Trump presidency, market analysts expect a more hawkish trade policy, less regulation and looser climate change regulations. Against the dollar, the yen was last 0.3% lower at 158.36, having strengthened to a roughly one-month high of 157.30 per dollar on Friday. "The confirmed FX intervention undertaken by the MOF in April and May proved that policymakers are prepared to be canny about choosing the timing of their moves," said Jane Foley, head of FX strategy at Rabobank. "In order to make more 'bang for their buck', FX intervention in quiet conditions or after the release of softer U.S. economic data seems like a sensible move.

Persons: Donald Trump, Jack Ablin, It's, Trump, Rong Ren Goh, Jane Foley Organizations: Trump, Cresset, New Zealand, Eastspring Investments, Cash U.S, Investors, . Bank of Japan, Finance, Analysts, Rabobank Locations: Asia, Japan, U.S, Tokyo

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