Ceasefire between Iran and Israel 'good news,' Egyptian minister says
The ceasefire between Iran and Israel is "good news" for the regional economy, Rania Al-Mashat, Egyptian minister of planning, economic development and international cooperation, tells CNBC's Dan Murphy from the World Economic Forum in Tianjin.
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Boston Globe
an hour ago
- Boston Globe
Zohran Mamdani just stunned New York City with a win in the mayoral primary. Here's a look at his New England ties.
He attended college in Maine An empty Bowdoin College campus in Brunswick, Maine, on March 13, 2020. Sarah Rice/The New York Times Mamdani, a 33-year-old native of Uganda who moved to New York City with his family at the age of 7, received a bachelor's degree in Africana Studies from Bowdoin College in Maine, according to his campaign website. Advertisement Mamdani published 32 articles in the Bowdoin Orient, the school's newspaper, between 2010 and 2014, according to the Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up In one column from 2011, he reflected on taking in a women's lacrosse game on campus. 'My girl Jordan Smith '14, a proud representative of the Dirty Jersey, which we'll call her from here on, had persuaded a few of our floormates and me to get down to watch the team take on the University of Southern Maine (USM),' Mamdani 'To be honest, I didn't really want to go — I had a lot of procrastination to take care of — and I'd heard that men's lacrosse was more enjoyable. But Dirty Jersey just didn't give up, and I agreed to head over for the first half. Even though I didn't get to see my girl take the field, the game was awesome. Advertisement 'Before the game, lacrosse, for me, meant insane flow, Crack House, and Brantford Winstonworth. But now, I realize it's actually pretty fun to watch.' In another column from 2013, he discussed thorny issues related to consent and bodily autonomy on the dance floor. 'There's nothing wrong with trying to hook up on the dance floor,' Another 2013 column described a visit Mamdani had made to Egypt. He wrote that he touched down 'before the onset of nationwide protests that were to depose President Mohammad Morsi and the Muslim Brotherhood.' 'The Egyptian conflict is not one of two sides, instead it encompasses many: from tamarod (the group that organized the protests and reflects much of the Egyptian left's concerns) to the resurgent feloul (the remnants of former president Hosni Mubarak's regime), the ever-present army, and the ikwhan (Muslim Brotherhood), amongst others," Mamdani wrote. 'The confusion lies in that other than the ikhwan , these groups increasingly speak with one voice, and so give off the impression of a true political alliance. Yet their united front is built first and foremost on a rejection of the ikhwan , and so they are united only in opposition—a dangerous basis for any partnership. Advertisement 'But this is not just a 'made-in-Egypt' conflict. Among other backers, American taxpayers are continuing to fund the Egyptian army to the tune of $1.3 billion a year, and it was this army that I was now watching depose a president, becoming the de-facto head of a nation—not a democratic process as most Americans would see it." He's inspired by Boston Mayor Michelle Wu Boston Mayor Michelle Wu during the first 2025 Boston mayoral debate at Suffolk University's Modern Theater on May 15. Matthew J. Lee/Globe Staff Mamdani has praised Boston Mayor Michelle Wu, a fellow progressive who has also championed causes like free public transportation and rent control, while locking down the backing of her city's crunchy cohort. 'I've shown myself adept at the skills required' to occupy the Five Boroughs' corner office, He told the interviewer that Wu's free bus pilot program showed 'that dwell-time at bus stops can go down by 23 percent if you're using all-door boarding. We mandated the MTA [in NYC] to do it, for the pilot. I got on those buses on the first day. I got on them a few months after. I got on them towards the end. A lot of it was not all-door boarding. That's where I also think this can change.' He scored key endorsements from Bernie Sanders and AOC Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez acknowledge the cheering crowd during a "Fighting Oligarchy" event in Los Angeles on April 12. Jae C. Hong/Associated Press New York Congresswoman Alexandria Ocasio-Cortez, who Advertisement On Tuesday night, AOC gave Mamdani a shout-out via X. 'Congratulations, Congratulations, Your dedication to an affordable, welcoming, and safe New York City where working families can have a shot has inspired people across the city. Billionaires and lobbyists poured millions against you and our public finance system. And you won. — Alexandria Ocasio-Cortez (@AOC) Travis Andersen can be reached at
CNBC
an hour ago
- CNBC
Analysts like these beaten-down stocks heading into the second half of 2025
Select technology and paper stocks could win big heading into the second half of the year. At least for now, it looks like the bull case for stocks will remain intact over the next few months. Stocks rose on Monday, with Wall Street shaking off any fears associated with the United States' bombing of Iran over the weekend and a subsequent retaliation from Iran . That same day, Fundstrat co-founder and head of research Tom Lee said that Monday's rally should actually strengthen the case for stocks to perform better in the latter half of 2025. "At the start of this year, we would have said the U.S. bombing a nuclear facility is a 'Black Swan.' Oil would be $120, stocks should be down 10%," he said on CNBC's " Squawk on the Street " Monday morning. "And then we have the event, and oil is not really surging. … So I'd almost say that you put another stress test into the market, we've seen it pass it, and I think it means stocks should do pretty well into year's end." In particular, analysts believe that some of this year's beaten-down stocks would win big in the second half. CNBC Pro used FactSet data to screen the S & P 500 for stocks that could climb as the third quarter begins. To be included in the following table, stocks had to meet the below criteria: Be down at least 5% for the year Have buy ratings from at least 60% of analysts covering the name Have an upside to average price target of at least 25% Have an expected earnings per share growth rate of at least 10% One name on the list was cloud stock Arista Networks , which has stumbled 17% this year, as of Monday's close. But 79% of analysts covering the name have assigned it a buy rating, and the average price target suggests 19% upside, according to FactSet. Views of the stock could be taking a turn. Shares jumped 6.6% on Monday. Earlier this month, Morgan Stanley reiterated its overweight rating on the stock. "There has been significant debate on ANET in the 1H of this year, with us tending to find bear case arguments overblown," wrote analyst Meta Marshall. "Not expecting to get meaningful resolution to arguments on AI webcast later this week, but do see attractive setup to the 2H and remain OW." Solar technology manufacturer First Solar has plunged 18% this year, but analysts believe it could rise 40% from here. Approximately 80% of Wall Street shops covering the name are bullish on its future prospects. Earlier in June, Jefferies upgraded the name to a buy rating from hold, calling it the "only game in town" after the Senate version of President Donald Trump's tax bill cut out incentives for the renewable energy industry. "We believe IRA is going to shape-out net positive for FSLR … or at least better than contemplated," analyst Julien Dumoulin-Smith wrote. Around 87% of analysts also see positive prospects for financial technology company Fiserv , which could rise 29% to its average price target, according to FactSet. The stock has tumbled 17% in 2025, as of Monday's close. Shares of Fiserv gained 4.4% on Monday after the company announced plans to broaden its operations in the stablecoin industry through the launch of both a stablecoin and a digital-asset platform. To help meet these objectives, Fiserv said it would partner with Circle and PayPal .
CNBC
an hour ago
- CNBC
President Trump to speak at NATO summit
CNBC's Megan Cassella joins 'Squawk on the Street' ahead of President Trump's comments at the 2025 NATO summit.
