Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesIn the past few years, Apple has sold Americans iPhones made in India, AirPods from Vietnam and Mac desktops assembled in Malaysia. It was part of a strategy by Apple to diversify its manufacturing from China. Apple employed the strategy as a hedge for its supply chain after the company dealt with tariffs by the first Trump administration, supply chain issues tied to…
Author: usaeverydaylife
Before breakfast, a quick stop at the driving range.It may seem trivial that hitting a bucket of balls was Jon Scheyer’s priority on the last morning of Cooper Flagg’s official visit to Duke — Oct. 22, 2023. But the coach wanted one final one-on-one window with the nation’s No. 1 recruit, and he’d come to learn how much the Newport, Maine, native appreciated golf. In fact, amid Flagg’s meteoric rise to becoming arguably the top NBA prospect in America, the high schooler often found reprieve in playing 18 at Fogg Brook Resort, the local course near his childhood home.Scheyer came…
Boxes of Novo Nordisk’s weight-loss drug Wegovy in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersPharmaceutical companies breathed a sigh of relief Wednesday after U.S. President Donald Trump revealed that they would not be subject to reciprocal tariffs — but that reprieve could prove fleeting as the White House moves ahead with plans for the sector.The Trump administration is considering launching a so-called 232 investigation into pharmaceuticals, among other industries, which could lead to import duties under the Trade Expansion Act.”The pharmaceutical companies are going to come roaring back, they are coming roaring back, they are all coming back to…
Chip stocks tumbled Thursday despite what looked like good news on the tariff front. The plans President Donald Trump unveiled Wednesday exempted semiconductors. At first blush, the announcement suggests companies will escape substantial levies such as Taiwan’s hefty 32% rate, but investors aren’t buying the optimism. Nvidia shares shed nearly 7%, bringing its year-to-date decline to almost 24%. Micron cratered 14%, Broadcom was down about 9%, while Taiwan Semiconductor Manufacturing tumbled more than 6%. The market’s negative reaction stems from several factors. First, semiconductor-specific tariffs remain on the horizon; they’ve just been kicked down the road to be addressed separately.…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: It’s an ugly day for Wall Street as the Trump administration’s highly anticipated tariff plan proved to be more aggressive and widespread than the market anticipated. It’s a day of s weeping price-to-earnings (P/E) multiple compression across the stock market because investors are struggling to accurately forecast what companies will earn in a slowing growth environment with tariffs eating into a chunk of their profits. That’s a key dynamic playing…
The Golden State Warriors’ regular season will end on a Sunday afternoon at Chase Center in one of Draymond Green’s favorite matchups. Against the LA Clippers. It will likely have postseason implications, so Green will no doubt be intense.But it’s not one of his favorites for the matchup against Ivica Zubac, the bruising center he’ll have to face. Or Kawhi Leonard. Or James Harden. No, Green loves the matchup because of opposing head coach Ty Lue.“When I’m playing against his teams,” Green said, “I feel like it’s a chess match with me and him.”It’s a window into why Green is…
For years, Prime Minister Benjamin Netanyahu of Israel has been standing trial for corruption, even as he oversees conflicts in Gaza, Lebanon and Syria.Now, he is locked in a separate standoff with Israel’s law enforcement authorities, a police investigation that has renewed opposition calls for his resignation.Known as “Qatargate,” the case hinges on the claim that Mr. Netanyahu’s media advisers were paid by a representative of Qatar to promote Qatari interests in the Israeli news media. That claim has angered many Israelis because it created the perception of a conflict of interest; for years, Qatar has hosted leaders of Hamas.Mr.…
As President Donald Trump’s sweeping tariffs push stocks deeper into a selloff, now may be the time for investors to start turning to defensive plays. Stocks tumbled on Thursday, the day after the president unveiled an elevated tariff policy that began at an across-the-board baseline of 10%, and steepened from there for countries such as China, Vietnam and those in the European Union. Investors drove stocks sharply lower in reaction, after realizing the expected tariffs were far higher than Wall Street had expected. For instance, the new reciprocal tariff duty on China, together with existing rates already implemented, brings the…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025.Charly Triballeau | Afp | Getty ImagesSmall-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a massive stock market rout that followed the administration’s sweeping and aggressive tariff rollout.The Russell 2000 Index was down more than 5% on Thursday, bringing its losses from its November 25 record close to about 21%. On Wall Street, a 10% pullback is considered a correction, but a…
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines’ new policies such as charging for checked bags for the first time could backfire, Fitch Ratings said Thursday.Southwest is reversing its decades-old two “bags fly free” policy for checked luggage in May, though there are exceptions for travelers with a Southwest credit card, elite frequent flyer status or who buy the highest classes of tickets. It is also launching assigned seating and a no-frills basic economy fare and said…
