The market’s remarkable one-month turnaround from the tariff-induced rout may have many investors wondering how to position themselves for what lies ahead. The S & P 500 is above the level it traded on April 2, when President Donald Trump detailed his sweeping tariff policy. Stocks tumbled in the wake of that announcement and remained rocky as the president walked back many of those levies and announced a pause for negotiations. The broad-based index is now up 1% year to date, as of Tuesday’s close — when it ended lower and snapped a six-day win streak. Stocks were down again…
Author: usaeverydaylife
Earlier this month, Jackie Han, an audience member at the Berkshire Hathaway annual shareholder meeting, stood to ask a question of company chairman and CEO Warren Buffett. “As you might guess, coming from a Chinese family, we always had a soft spot for real estate,” Han said.Plenty of Americans feel the same way. Each year, Gallup asks U.S. adults their preferred investment for long-term returns, and for 12 consecutive years, real estate has been the most popular answer. This year, 37% of those surveyed identified real estate as their top choice, compared to just 16% who chose stocks.What does the…
TJX Companies on Wednesday reported a respectable set of first-quarter numbers and managed to leave its full-year guidance unchanged despite the evolving tariff picture. The stock’s decline in response to the earnings report is a gift to investors. Revenue in the three months ended May 3 rose 5.1% on annual basis to $13.11 billion, exceeding the consensus estimate of $13.03 billion, according to LSEG. Earnings per share (EPS) in the period totaled 92 cents, beating expectations by a penny, LSEG data showed. Compared with the year-ago period, EPS declined by 1.1%. Same-store sales grew 3% across the company in the…
WASHINGTON — House Republican leaders faced a last-minute revolt Wednesday by members of the party’s hardline conservative faction, who opposed their latest attempt to win support from moderate members of the conference for President Donald Trump’s “big, beautiful” tax bill.As a pivotal meeting of the House Rules Committee entered its twelfth hour after starting at 1:00 a.m., members of the House Freedom Caucus reiterated their objection to Speaker Mike Johnson’s self-imposed Memorial Day deadline for passing the bill on the House floor. “I don’t think it can be done today. I mean, the runway is short today. The leadership is…
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon CEO Andy Jassy said Wednesday that the company hasn’t seen any signs of consumers tightening their wallets in the face of President Donald Trump’s sweeping tariffs.Jassy’s comments came during Amazon’s annual shareholder meeting, which was held virtually on Wednesday. “We have not seen any attenuation of demand at this point,” Jassy said during a question-and-answer portion of the meeting. “We also haven’t yet seen any meaningful average selling price increases.”Amazon and other retailers continue to digest the…
President Donald Trump’s plans for a ” Golden Dome ” missile defense system could be a catalyst for a handful of stocks. On Tuesday, Trump unveiled details of the defense system. He forecast that the project would be complete before the end of his term and estimated that the total cost of the project would be $175 billion. He said that an initial $25 billion would be earmarked in a sweeping spending package , which is currently being weighed by Congress. The Golden Dome is similar to Israel’s missile deterrent system, the so-called “Iron Dome,” which has been in use…
OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty ImagesOpenAI said on Wednesday that it’s buying Jony Ive’s AI devices startup io for about $6.4 billion in an all-equity deal that includes its current stake in the company.Ive is taking on “deep creative and design responsibilities across OpenAI and io,” OpenAI said in a statement. The company said that io is merging with OpenAI, while Ive and his “creative…
In this February 15, 2025 a Boeing 747 sits on the tarmac of Palm Beach International airport after US President Donald Trump toured the aircraft on February 15, 2025.Roberto Schmidt | Afp | Getty ImagesThe Trump administration has formally accepted a Boeing 747 jet that was gifted to the U.S. by the government of Qatar, the Pentagon said Wednesday.Defense Secretary Pete Hegseth accepted the luxury plane “in accordance with all federal rules and regulations,” Pentagon spokesman Sean Parnell said in a statement to CNBC.The Department of Defense will work to ensure that the jet, which President Donald Trump wants to…
Windows 11 operating system logo is displayed on a laptop screen for illustration photo. Beata Zawrzel | Nurphoto | Getty ImagesMicrosoft said Wednesday that it broke down the Lumma Stealer malware project with the help of law enforcement officials across the globe.The tech giant said in a blog post that its digital crimes unit discovered over 394,000 Windows computers were infected by the Lumma malware worldwide between March 16 through May 16. The Lumma malware was a favorite hacking tool used by bad actors, Microsoft said in the post. Hackers used the malware to steal passwords, credit cards, bank accounts…
Check out the companies making headlines in midday trading. Target — The big-box retailer fell 4% on disappointing first-quarter results . Target also cut its full-year sales outlook, partly blaming falling consumer sentiment and uncertainty about tariffs. Toll Brothers — The stock added 2.8% after the homebuilder beat on both the top and bottom lines for its second quarter. Earnings came in at $3.50 per share, topping the $2.83 a share expected from analysts polled by LSEG. Revenue was $2.74 billion, versus the $2.48 billion consensus estimate. Palo Alto Networks — The cybersecurity company tumbled 5% after posting a gross…
