Author: Daniel snow

[ad_1] U.S. intelligence found that Iran did not move nuclear material from its Fordo facility before American bombers blasted that site, despite a report to the contrary, Sen. Markwayne Mullin said Monday.”They are claiming that they moved some material,” Mullin said, referring to Israel and Iran, respectively. “Our intelligence report says they didn’t,” the Oklahoma Republican said in an interview on CNBC’s “Squawk Box.” “In fact, we actually believe they stored more of it in Fordo because they believe Fordo was impenetrable,” said Mullin, a member of the Senate Armed Services Committee. “They thought it was a safe place to…

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[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Wall Street has come off Monday’s highs, which were driven by Fed Governor Michelle Bowman saying she could envision an interest cut as early as the July meeting. Fed Governor Christopher Waller told CNBC on Friday he also thinks the Fed could consider cutting next month . Rates were getting more attention in the market Monday than the U.S. bombing Iranian nuclear sites over the weekend. “I’m not saying [Iran] is a sideshow.…

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[ad_1] Tech stocks have acted like a stock market safe haven at various times in recent years when volatility went up, such as during the Covid pandemic. But a recent slide in the tech stock often considered to be the safest of all, Apple, has raised questions about that role for the market’s leading sector.As of last week, Apple was a notable underperformer, down -0.6% over the past two months (approximately 40 trading sessions), according to CNBC research.But that doesn’t mean tech hasn’t bounced back strongly from the early 2025 tariff-triggered selloff. The SPDR Info Tech Sector Fund (XLK) is…

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