Author: Daniel snow

[ad_1] It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last Friday’s close. These milestones cap off a remarkable comeback for financial markets since April. Stocks were pummeled by President Donald Trump’s “reciprocal” tariff announcement on April 2 as Wall Street panicked over what higher levies would mean for economic growth and geopolitical relations. The…

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[ad_1] U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms.Trump’s announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax.”We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next…

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[ad_1] Coterra Energy is refocusing on oil. CEO Thomas Jorden shared the company’s decision not to reduce its oil rig count at the JPMorgan Energy conference earlier this week. Here are several key takeaways for investors. 1. For starters, the move signals that Coterra has regained confidence in the direction of oil markets — and inherent in that is more confidence in the outlook for the economy. Alongside its first-quarter earnings report in early May, Coterra said it planned to shift some capital expenditures from its oil assets into natural gas production amid concerns about a potential tariff-driven recession that…

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