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.…
Author: usaeverydaylife
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…
Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs. “The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring to Nvidia’s graphics processing units that are powering the artificial intelligence boom. He said investors just need to listen to commentary from OpenAI, Google and Elon Musk.President Trump announced an expansive and aggressive “reciprocal tariff” policy in a ceremony at the White House on Wednesday. The…
Paige Bueckers ran off the court at Spokane Arena with a smile splitting her face and a Final Four hat perched atop her head. She waved to the crowd and headed for the UConn locker room.The second-seeded Huskies had just beaten No. 1 seeded USC on Monday night behind Bueckers’ 31 points. Little girls shrieked and chanted her name alongside their mothers. Fans wore her famous No. 5 jersey. One held a sign saying she’d woken at 3 a.m. to fly to Washington to see Bueckers play. Another waved an American flag bearing an image of Bueckers’ face.“Yeah, I don’t…
Wall Street’s fear gauge is close to signaling a bear market, according to DataTrek Research. The CBOE Volatility Index topped the 29 level on Thursday in a sign the stock sell-off will continue unless volatility abates from here. Typically, a reading above 20 indicates elevated fear and uncertainty in the market, according to Nicholas Colas, the firm’s co-founder. “The CBOE Volatility (VIX) Index is on the verge of signaling an outright bear market in US stocks, implying further downside from even tonight’s post-tariff announcement levels,” said Colas in a note to clients. “All is not lost, but volatility needs to…
Check out the companies making headlines in midday trading. Lululemon – The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46% tariff by the administration. Almost 90% of Lululemon’s products are made in Vietnam, Cambodia, Sri Lanka, Indonesia and Bangladesh. Deckers Outdoor – Shares of the footwear company plunged more than 14% following Trump’s reciprocal tariffs rollout. The Ugg maker has 68 supply chain partners in…
Stocks could be heading into a bear market amid tariff chaos, and investors should wait for lower prices to add risk, according to Ritholtz Wealth Management CEO Josh Brown. “It’s a really tough time. It’s not a clearing event. And while opportunities are being created by stocks falling, there might be better opportunities later,” Brown said Thursday on CNBC’s ” Halftime Report .” “We are in a downtrend in a bear market. People need to behave accordingly.” Stocks plunged Thursday after President Donald Trump slapped big tariffs on countries across the world. Investors were caught off guard by the aggressive country-specific…
Jim Cramer at the NYSE, June 30, 2022.Virginia Sherwood | CNBCCNBC Jim Cramer said Thursday that long-term investors must steel themselves as the stock market tanks on President Donald Trump’s sweeping tariff announcement.During “Squawk on the Street,” Cramer said, “If you were OK in 2007 and 2008, it came back,” referring to the financial crisis and how the market did eventually recover.”It did take until 2013 to get the money back,” Cramer said, acknowledging that investors who need their money now, such as retirees or those nearing retirement, are “in limbo.””But don’t sell, just hold,” Cramer concluded. In fact, following…
