August, one of the worst trading months for stocks, could end on a high note next week, now that investors have greater confidence a September rate cut is on the table. In fact, if Nvidia ‘s earnings results and the Federal Reserve ‘s preferred inflation gauge next week confirm the latest rally, that could be supportive of a broad-based advance going forward. Just about everything rallied on Friday, after Fed Chair Jerome Powell delivered what was likely his final speech at Jackson Hole, Wyo., one that gave investors exactly what they wanted after suggesting the central bank was ready to…
Author: usaeverydaylife
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty ImagesAlphabet shares rose on a Friday report that Apple is in early discussions to use Google’s Gemini AI models for an updated version of the iPhone maker’s Siri assistant.The company’s shares rose more than 3% on the Bloomberg report, which said Apple recently inquired of Google about the potential for the search giant to build a custom artificial intelligence model that would power a new Siri that could launch next year. Google’s…
A shopper looks at chairs for sale at an At Home store in Queens, New York City, U.S., July 15, 2025. Kylie Cooper | ReutersThe Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.”Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan,…
Federal Reserve Chair Jerome Powell’s Friday speech showed the central bank was increasingly dovish, which can mean good news for small-cap stock performance, according to Tom Lee, head of research at Fundstrat. “The Fed acknowledging that the risks now are tilted to the labor market to be softening … especially because they don’t think that tight labor markets are going to create inflation, that’s a very good sign,” Lee said on CNBC’s “Squawk on the Street” Friday morning. “I think it means we have a dovish Fed again,” Lee added. “That’s kind of a green light for small caps.” Lee’s…
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta is planning to use its annual Connect conference next month to announce a deeper push into smart glasses, including the launch of the company’s first consumer-ready glasses with a display, CNBC has learned.That’s one of the two new devices Meta is planning to unveil at the event, according to people familiar with the matter. The company will also launch its first wristband that will allow users to control the glasses with…
Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesCloud security platform Netskope will go public on the Nasdaq under the ticker symbol “NTSK,” the company said in an initial public offering filing Friday.The Santa Clara, California-based company said annual recurring revenue grew 33% to $707 million, while revenues jumped 31% to about $328 million in the first half of the year.But Netskope isn’t profitable yet. The company recorded a $170 million net loss during the first half of the year. That…
BlackRock’s Mitchell Garfin is still finding areas of opportunity in a high-yield bond market that looks expensive. Some investors, like Pimco chief investment officer Dan Ivascyn , have been moving into higher-quality bonds amid economic uncertainty and what they see as the lack of reward for taking on risk. “I’m not too concerned about the overall state and health of the economy,” said Garfin, co-head of U.S. leveraged finance at BlackRock. “Clearly we’re going to need to see what the data looks like over the next few months, next few quarters. But given what we know now, we’re still reasonably…
Overall view of Truist Park in the fifth inning during game two of a double header between the Atlanta Braves and the Miami Marlins on August 9, 2025 in Atlanta, Georgia. Matthew Grimes Jr. | Atlanta Braves | Getty ImagesMajor League Baseball is nearing a finalized agreement with Disney’s ESPN, Comcast’s NBC Sports and Netflix on a new three-year media rights deals for packages of live games.Earlier this year, ESPN opted out of its $550 million-per-year deal for Sunday Night Baseball. That package will be split into two parts for 2026-2028, if a deal closes.An agreement hasn’t yet been finalized…
Ghislaine Maxwell on September 20, 2013 in New York City.Laura Cavanaugh | Getty ImagesA top Department of Justice official questioned imprisoned Jeffrey Epstein accomplice Ghislaine Maxwell about interactions with President Donald Trump — Epstein’s former friend — during a two-day interview in July, newly released transcripts revealed Friday.Deputy Attorney General Todd Blanche asked Maxwell, “Did you ever hear Mr. Epstein or anybody say that President Trump had done anything inappropriate with masseuses or with anybody in your world?” according to the transcripts.”Absolutely never, in any context,” said Maxwell during the interview at the federal courthouse in Tallahassee, Florida.”I actually never…
Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesCurrent and former Federal Reserve officials struck a common note when asked about Lisa Cook’s situation: It’s imperative the central bank’s independence is preserved. Cook, a Fed governor nominated in 2022 by then-President Joe Biden, has faced attacks over accusations of mortgage fraud from Federal Housing Finance Agency Director Bill Pulte. Justice Department attorney Ed Martin also urged Chair Jerome Powell to fire Cook from her post and confirmed a…
