Author: usaeverydaylife

We are closing out 2024 with a bit more volatility than normal, but the overall trend remains up. To everyone who stops me on the street and asks me, “Why is the stock market up so much?,” I give a fairly simple answer: It’s because the overall profits and margins remain at near record levels. If people persist and ask, “Why is Nvidia up more than 180% this year?,” again, it’s a simple answer: That’s because Nvidia (and Broadcom ) is where the big profit growth is. The direction of profits is the most important determinant of whether stocks go up or…

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President-elect Donald Trump’s “border czar” said Thursday that the use of family detention centers for migrants is “on the table,” raising the possibility that the practice ended by the Biden administration could return as early as next year.”It’s something we’re considering,” Tom Homan, who was acting director of Immigration and Customs Enforcement during the first Trump administration, said in an interview.”Look, we’ve got to end catch-and-release — and that includes family units, too,” he added, using a phrase sometimes used to describe migrants’ being released from detention while they await immigration court proceedings.ICE stopped detaining families who enter the country illegally with their children not…

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Members of the Bundestag debate before passing a resolution on Nov. 30, 2022 in Berlin, Germany. Sean Gallup | Getty Images News | Getty ImagesPresident Frank-Walter Steinmeier on Friday dissolved Germany’s lower house of parliament to pave the way for snap elections on Feb. 23 following the collapse of Chancellor Olaf Scholz’s three-way coalition.”Especially in difficult times, like now, stability requires a government capable of acting, and reliable majorities in parliament,” which was why early elections were the right way forward for Germany, Steinmeier said in Berlin. After the elections, problem-solving must become the core business of politics again, added Steinmeier…

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Osamu Suzuki speaks at a news conference in Tokyo, Japan, on Monday, May 10, 2010. Bloomberg | Bloomberg | Getty Images Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94.He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out of its primary market of minivehicles.The inexpensive, boxy, 660-cc cars specific to Japan benefited from generous tax breaks, but demanded a stringent reining-in of costs…

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Treasury yields were slightly higher early Friday after a mixed set of data on weekly jobless claims.The yield on the benchmark 10-year Treasury was 3 basis points higher at 4.607%, slightly down from its peak earlier in the week but back above the 4.6% level it had not breached since May. The 2-year Treasury was fractionally higher at 4.334%.One basis point is equal to 0.01%. Yields move inversely to prices.After the Christmas break, jobless claims data released Thursday for the week ending Dec. 21 came in 1,000 lower at 219,000, below the 225,000 consensus forecast from Dow Jones.However, continuing claims rose by 46,000…

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Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024.Bloomberg | Bloomberg | Getty ImagesSouth Korea’s lawmakers on Friday unexpectedly voted to impeach acting President Han Duck-soo, in the second head-of-state ousting this month after a short-lived martial decree on Dec. 3, according to South Korean news agency Yonhap.Han’s predecessor, President Yoon Suk Yeol, was impeached a mere two weeks prior, after imposing martial law for six hours at the start of the month for…

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European stocks were set to open higher on Friday, as regional markets resume trading following a closure for the Christmas holiday.The FTSE 100 is expected to open 34 points higher at 8,136, according to data from IG, while the German DAX is slated to gain 40 points at 19,888 and the French CAC 40 is set to add 21 points to open at 7,293.Investors are monitoring economic data out of China, where official figures showed industrial profits in the world’s second biggest economy contracted for the fourth consecutive month in November.The data print came a day after the World Bank…

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Child saving money in a glass jar at homePinstock | E+ | Getty ImagesYour relationship with money might seem random, but one expert says it offers clues about your childhood — and understanding this could help overcome toxic spending habits.Vicky Reynal, a financial psychotherapist and author of “Money on Your Mind,” told CNBC Make It that there are psychological reasons behind our spending habits, and many of these attitudes stem from childhood experiences. “Our emotional experiences growing up will shape who we become,” she said.For example, someone who felt secure during childhood might feel that they deserve good things, and…

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Miami-Dade County Commission District 6 candidate Kevin Marino Cabrera celebrates at Beat Culture Brewery in Miami after defeating Coral Gables Commissioner Jorge Fors on Tuesday, Nov. 8, 2022. Al Diaz | Miami Herald | Getty ImagesPresident-elect Donald Trump announced his pick for American ambassador to Panama, days after suggesting that the United States should take control of the Panama Canal.  “I am pleased to announce that Kevin Marino Cabrera will serve as the United States Ambassador to the Republic of Panama, a Country that is ripping us off on the Panama Canal, far beyond their wildest dreams,” Trump posted on the social media platform Truth…

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