The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried.”I don’t get a huge sense that they’re dreading the job market or that they think there are going to be dramatic changes,” Seamans told a gathering of technology executives at last week’s CNBC Technology Executive Council Summit in New York City. “These students have been in the job market already before coming back to school and they’re used to the ups and downs of being in…
Author: usaeverydaylife
At South Korea’s largest amusement park, crowds of people wait for hours to be a part of the “KPop Demon Hunters” craze.U.S. streaming giant Netflix, the distributor of the Sony Pictures Animation film, has collaborated with the Everland park outside of capital city Seoul to create a themed zone featuring whack-a-mole, dance games and snacks from the movie.It’s the latest iteration of the “KPop Demon Hunters” frenzy as the film takes Netflix by storm — and delivers a boost to the $10 billion K-pop music industry along with it.Netflix said in August that “KPop Demon Hunters” had become the most…
As November kicks off, JPMorgan added Alphabet to its list of favorite stocks. Every month, the bank updates its analyst focus list. This includes top ideas from JPMorgan analysts aligned with the growth, income, value and short investment strategists. The bank’s changes follow a strong October, propped up by robust quarterly earnings results from major tech giants such as Amazon. The S & P 500 added 2.3% and the Nasdaq Composite advanced 4.7%. The Dow Jones Industrial Average climbed 2.5%, notching its sixth positive month for the first time since 2018. Still, an ongoing government shutdown — and fears that…
Treasury Secretary Scott Bessent said Tuesday that there are other options in case of defeat as the Supreme Court is about to hear a landmark case on President Donald Trump’s tariffs.The high court is set Wednesday to hear arguments on whether Trump exceeded his authority under the International Emergency Economic Powers Act to enact sweeping duties on U.S. trading partners.At stake is the leeway presidents have to wield over trade measures as a tool of economic policy. Bessent expressed confidence in a CNBC “Squawk Box” interview that the administration will prevail, but has additional outlets it can use in case…
Republican gubernatorial candidate Winsome Earle-Sears and Democratic gubernatorial candidate, former U.S. Rep. Abigail Spanberger (D-VA).Anna Moneymaker | Chip Somodevilla | Getty ImagesVirginia voters on Tuesday are poised to pick their first female governor and weigh in on a scandal-rocked state attorney general’s race.The race for governor will make history, regardless of whether the winner is Democratic former U.S. Rep. Abigail Spanberger or Winsome Earle-Sears, the state’s Republican lieutenant governor.Virginia is one of 18 states that have never had a female governor. The winner will succeed Gov. Glenn Youngkin, a Republican who is term-limited from running again.Polls of the governor’s race,…
Thomas Fuller | Lightrocket | Getty ImagesSpotify on Tuesday reported strong third-quarter results that topped Wall Street expectations and saw total revenue climb 12% year over year, but issued weak guidance for revenue and subscribers for the current quarter.Shares of Spotify fell 2% on Tuesday.Here’s what Spotify reported compared with LSEG estimates:Earnings per share: 3.28 euros vs. 1.97 euros expected.Revenue: 4.27 billion euros vs. 4.23 billion euros expected.The streaming platform increased premium subscribers by 12% to 281 million, coming in just below StreetAccount expectations of 281.24 million.Spotify hiked subscription prices in August to 11.99 euros from 10.99 euros in multiple markets, including South…
Broadcom could rally from here as hyperscaler demand continues to increase, according to Jefferies. The bank reiterated its buy rating on the semiconductor stock and named it as a top pick. The bank also raised its price target to $480 per share from $415. Analyst Blayne Curtis’ updated price target represents upside of 32% from the stock’s Monday close. “While NVDA remains the leader and we still see upside there, AVGO has a greater magnitude of estimate upside as Google, Meta, and OAI ASICs ramp,” the analyst wrote. “Google has long been the main ASIC customer for AVGO but those…
A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesA federal judge was asked Tuesday to effectively force the Trump administration to pay full SNAP benefits during the government shutdown, a day after the administration said that it would only pay half of those food stamp costs for November.Lawyers for plaintiffs in a lawsuit over the continuation of the SNAP benefits told the judge that the administration’s decision to pay partial benefits out of a contingency fund did not…
Independent candidate former New York Gov. Andrew Cuomo, Republican candidate Curtis Sliwa and Democratic candidate Zohran Mamdani participate in a mayoral debate, in New York, U.S. October 16, 2025.Angelina Katsanis | Via ReutersNew York City voters will elect a new mayor on Tuesday, as two well-known Big Apple names strive to beat a relative newcomer, Zohran Mamdani, a democratic socialist whose sudden political ascendance has drawn attention nationwide.Mamdani, the Democratic Party nominee, is facing off against former New York Gov. Andrew Cuomo, a longtime Democrat running as an independent, and Republican Curtis Sliwa, founder of Guardian Angels.The winner will replace…
Palantir’s stock fell 7% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company.During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.”Karp called the positions “super triggering” and said they are “shorting one of the great businesses of the world.””Honestly, I think what is going on here is market manipulation,” Karp said. “We delivered the best results everyone, anyone’s ever seen.”The stock move overshadowed the company’s top-and-bottom-line beat and stronger-than-expected guidance.…
