Fernando Gutierrez-Juarez | Picture Alliance | Getty ImagesBitcoin held its head above water after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020.The price of the flagship cryptocurrency was last higher by 1.7% at $83,396.89 on Friday, according to Coin Metrics. Most of the flagship cryptocurrencies were also in the green Friday. XRP and Solana gained 3% each and dogecoin jumped 6%.Crypto-related stocks fell again, however, with Coinbase down about 8% and MicroStrategy down more than 1%. Meanwhile, spot gold fell 2.6% to $3,038.50 an ounce, while U.S. gold futures were…
Author: usaeverydaylife
One of the most thrilling and important games in the history of this tournament that doesn’t get mentioned enough happened on March 30, 1991: Duke’s 79-77 upset of previously unbeaten UNLV at the Hoosier Dome in Indianapolis.Or maybe it’s been mentioned enough and decades have passed. But I feel like I see Grant Hill to Christian Laettner — which happened one year later — 500 times for every replay I see of UNLV’s Anderson Hunt missing a 3 at the buzzer, into the hands of Bobby Hurley, into scenes of euphoria on his side and disbelief on the other. Keith…
Chris Wright, chief executive officer of Liberty Energy Inc. and US energy secretary nominee for US President-elect Donald Trump, arrives for a Senate Energy and Natural Resources Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 15, 2025. Al Drago | Bloomberg | Getty ImagesLiberty Energy shares lost around nearly a third of their value in just two days, as the oilfield services company founded by President Donald Trump’s Energy Secretary Chris Wright comes under heavy selling pressure.The stock has shed 30% since Wednesday’s close and was last trading 13.8% lower as of 11:00 a.m. ET. The sharp decline marks one…
[The stream is slated to start at 11:25 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell speaks Friday to the Society for Advancing Business Editing and Writing conference in Arlington, Virginia.The central bank leader’s appearance, including prepared remarks and a Q-and-A session after, comes at a time of heightened market uncertainty regarding President Donald Trump’s aggressive tariffs against U.S. trading partners.In March, the Fed voted to hold its benchmark interest rate steady while noting the issues over trade policy. Other Fed officials in recent days have expressed…
Individual investors poured into the U.S. stock market on Thursday, even with institutional counterparts dumping holdings as President Donald Trump’s tariff rollout rocked markets. Everyday traders bought $4.7 billion worth of U.S. equities on net during the session, according to JPMorgan. That’s the largest daily sum in the past decade, the bank found. They were “de-liberately buying the dip,” JPMorgan’s Emma Wu wrote in a note to clients, alluding to Trump’s “liberation day” title for the unveiling of his controversial tariff plans. The S & P 500 tumbled 4.8% on Thursday, marking its biggest one-day slide since 2020. Markets around…
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna and StubHub are delaying plans to go public after President Donald Trump’s sweeping tariff announcement sent shockwaves through U.S. markets.The companies put their long-awaited debuts on pause because of market turbulence, according to a source familiar with the matter who asked not to be named because the discussions are confidential. Neither company has a timeline for when it will pursue an offering, the person said.Goldman Sachs, which is leading the Klarna IPO, declined to comment. Representatives from StubHub didn’t immediately respond to a request for comment.Both…
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty ImagesTechnology stocks fell for a second day Friday as retaliatory tariffs from China fueled fears of a global trade war.Tesla and Nvidia led the losses, plunging more than 9% and 7%, respectively, after slumping more than 5% during Thursday’s session. Apple lost 5%, bringing its week-to-date drop to more than 11%. The company is under pressure as new tariffs target some of its secondary manufacturing locations…
Start times matter in sports when it comes to championship game viewership. The World Series, the NBA Finals, the Stanley Cup Final, the NCAA men’s basketball title game and college football national championship game, just to name a few mega-events, all commence in a prime time (on the East Coast) television window. The Super Bowl airs slightly earlier (roughly 6:30 p.m. ET) but concludes in the middle of prime time. There is a reason television programmers have historically done this, and it follows the same adage that Willie Sutton used when someone asked him why he robbed banks.Because that’s where…
“FREE MARINE LE PEN!”With this blunt call, a strange one in that the French far-right leader is walking the streets of Paris, President Trump has waded into the politics of an ally, condemning her conviction this week on embezzlement charges and her disqualification from running for public office.The conviction was “another example of European Leftists using Lawfare to silence Free Speech,” Mr. Trump wrote on Truth Social. Elon Musk, his billionaire aide, drove home the point: “Free Le Pen!” Mr. Musk echoed on his social media platform X.More than an extraordinary American intervention in French politics, the statements ignored the…
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty ImagesFederal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and indicated that the central bank won’t move on interest rates until it gets a clearer picture on the ultimate impacts.In a speech delivered before business journalists in Arlington, Va., Powell said the Fed faces a “highly uncertain outlook” because of the new reciprocal levies the president announced…
