Before President Barack Obama was sworn into office in 2009, Benjamin Netanyahu called the Israeli diplomat Alon Pinkas out of the blue and asked for a lesson in what was essentially a foreign tongue: the language of Democrats.“I speak Republican and you speak Democratic, and I need the intermediary,” said Mr. Netanyahu, who was about to become prime minister of Israel, according to Mr. Pinkas. He added: “Netanyahu always thought of himself as some pedigree neocon that belongs in the right wing of the Republican Party.”Mr. Netanyahu, who is meeting with President Trump at the White House on Monday, is…
Author: usaeverydaylife
Hedge funds loaded up on a record number of short bets against stocks as President Donald Trump’s steeper-than-expected tariffs wreaked havoc on Wall Street, according to Goldman Sachs’ prime brokerage data. Fast-money professional traders made their largest-ever, one-day net sales of global equities last week through Thursday, the day after Trump rolled out his sweeping levies, said Goldman, which has been collecting the data since 2010. “Liberation Day was a knock-down, drag-out affair — there was a harshness that surprised even the most hawkish people I know,” Tony Pasquariello, head of hedge fund client coverage at Goldman said in a…
The tariff market sell-off could provide investors with attractive entry points for certain stocks, according to Mizuho. Stocks seesawed on Monday as President Donald Trump’s tariffs continued to spark fear of an economic slowdown. Last week’s announcement sent the market spiraling, with the S & P 500 seeing a loss of 10% in the prior two trading days. The Nasdaq Composite also closed in bear market territory on Friday, and the Dow Jones Industrial Average saw its biggest decline since June 2020 in that session. “We expect volatile markets ahead as the pace of tariff-related news flow may not subside…
UBS believes there is further downside ahead for shares of U.S. machinery firms. In a Monday note, analyst Steven Fisher downgraded all U.S. machinery stocks he covers to a sell rating. The stocks in the sector have pulled back sharply, with Caterpillar, Cummins and Paccar all down around 20% over the past month. Still, Fisher does not expect shares have fully priced in the macroeconomic headwinds the companies face and the subsequent hit to earnings. “We think the recent underperformance primarily reflects the direct impacts of tariffs and a modestly more challenged demand and pricing environment than was reflected in…
AUGUSTA, Ga. — It’s Masters Week.The azaleas are popping, the gnomes are flying off the shelves in the merchandise building, and the egg salad sandwiches are in abundance. The golf world has descended on Augusta National Golf Club for the 2025 Masters Tournament, including The Athletic.To get the week started, three of our golf writers — Brody Miller, Gabby Herzig and Hugh Kellenberger — answered questions, from what they were thinking about on their way to Augusta to whether they’ll miss Tiger Woods (out, torn Achilles) to who and who may not be the owner of a new green jacket…
Tobias Lütke, CEO of Shopify, speaks at the Collision conference in Toronto, Canada, on May 22, 2019.David Fitzgerald | Sportsfile | Getty ImagesShopify CEO Tobi Lutke is changing his company’s approach to hiring in the age of artificial intelligence.Employees will be expected to prove why they “cannot get what they want done using AI” before asking for more headcount and resources, Lutke wrote in a memo to staffers that he posted to X on Monday.”What would this area look like if autonomous AI agents were already part of the team?,” Lutke wrote in the memo, which was sent to employees…
The “Magnificent Seven” stocks are likely to be more affected by retaliatory tariffs given that they get a substantial chunk of their revenue from foreign countries, according to an analysis from Apollo. “Roughly 50% of earnings in the Magnificent 7 come from abroad … that is higher than for the S & P 500, where the share is 41%,” Apollo chief economist Torsten Slok wrote in a note to clients on Monday. “As a result, the Magnificent 7 will be hit harder on their global earnings than other S & P 500 companies.” Six of the seven companies got at…
A season that was supposed to be defined by parity instead ended with the two most iconic brands in women’s basketball meeting in the national title game and UConn adding a historic record 12th title. Those programs once again top the field in this way-too-early look at 2025-26.As is tradition in these power rankings, the defending champions get the top spot. However, an early wave of entrants into the transfer portal, combined with the double graduations of the senior class and the super senior class from the pandemic bonus year, has created a lot more flux below the upper tier.Some…
The Palestine Red Crescent Society on Monday gave new details of the Israeli attack on its paramedics and other emergency responders in the Gaza Strip that killed at least 15 people last month, saying Israeli forces had targeted them in a “series of deliberate attacks.”Speaking at a news conference in the West Bank, Red Crescent officials said Israeli troops shot at the rescue workers in waves over a two-hour period before dawn on March 23. They termed the killings “a full-fledged war crime” and called on the United Nations Security Council and the international community to demand accountability and an…
Check out the companies making headlines in midday trading: U.S. Steel — Shares advanced nearly 9% after President Donald Trump ordered the review of Japan’s Nippon Steel’s proposed takeover of U.S. Steel. The president instructed the Committee on Foreign Investment in the United States to aid in “in determining whether further action in this matter may be appropriate.” Automakers — Shares of automakers continued to fall as investors worried about the lack of any deals tied to President Trump’s tariff policy. Stellantis pulled back more than 6%, while Ford Motor fell 5%. General Motors slipped 3% following a Bernstein downgrade of…
