Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s “Squawk Box,” Swagel said the CBO analysis shows the economy has weakened since January, which he would expect to exert downward pressure on inflation.Swagel also shared his office’s long-term view of the impact of Trump’s tariffs: The CBO expects the levies to reduce the U.S.…
Author: usaeverydaylife
My top 10 things to watch Monday, Sept. 15 1. President Donald Trump implied in a social media post this morning that a TikTok deal has been reached with China, and he plans to speak with Chinese President Xi Jinping this coming Friday. Trade officials from both countries were talking in Spain over the weekend. 2. Trump, in a separate morning post, questioned whether companies should report their financial results on a quarterly basis and advocated moving to a semiannual system. 3. China said Nvidia violated its anti-monopoly law in relation to the Club name’s acquisition of Mellanox in 2020.…
Check out the companies making the biggest moves in premarket trading: Tesla — CEO Elon Musk disclosed he bought $1 billion worth of shares of the EV maker on Friday, helping send the stock nearly 8% higher. Nvidia — The dominant maker of semiconductors for artificial intelligence applications shed almost 2% after China’s market regulator said a preliminary investigation found the chipmaker violated the country’s anti-monopoly law . The investigation will continue. On Semiconductor , Analog Devices , Texas Instruments — China launched an anti-dumping probe into certain analog chips from the U.S. Shares of On Semiconductor fell 2%, while…
Macquarie sees a long runway of solid growth ahead for Broadcom . The bank initiated the semiconductor manufacturer at an outperform rating. Analyst Arthur Lai also implemented a 12-month price target of $420 per share, which signals 17% upside from Friday’s close. Broadcom has soared 55% this year. And while the stock trades at a steep premium to the rest of the semiconductor space — 53 times forward earnings vs 29.55 times for the PHLX Semiconductor index — its higher valuation is justified, Lai said. AVGO YTD mountain AVGO YTD chart “We believe Broadcom should trade at a premium to…
Samuel Boivin | Nurphoto | Getty ImagesIt looks like President Donald Trump has reached a deal with China on TikTok.Trump said in a Truth Social post Monday that a deal was reached “on a ‘certain’ company that young people in our Country very much wanted to save.”The administration was facing a Sept. 17 deadline to either divest TikTok’s U.S. business or shut down the social media app in the country. Commerce Secretary Howard Lutnick also said in July that TikTok would shutter for Americans if China doesn’t give the U.S. more autonomy over the popular short-form video app.Trump said he will speak to Chinese President Xi…
Deutsche Bank believes there’s much reason to celebrate heading into Micron’s next earnings release. The bank raised its price target to $175 from $155, signaling 11% upside from Friday’s close. Analyst Melissa Weathers also reiterated her buy rating on shares of the semiconductor manufacturer heading into Micron’s fiscal fourth-quarter earnings report, scheduled for after market close on Sept. 23. Weathers pointed to supply remaining tight within the dynamic random-access memory, or DRAM, business into 2026. “This supply tightness should result in healthy ASP [average selling price] growth, driving GMs [gross margins] higher (DB sees clear path to > 50% GMs),”…
Citi believes Union Pacific looks “too compelling to ignore.” Analyst Ariel Rosa upgraded the railroad to buy from neutral. He also raised his price target to to $251 from $250. Rosa’s revised forecast is approximately 17% above where Union Pacific closed on Friday. Rosa pointed to more clarity on Union Pacific’s planned merger with fellow railroad company Norfolk Southern . While he thinks Union Pacific will face a “contentious” merger review process ahead, the likelihood of a clean merger approval with limited constraints has slightly increased and now remains in the 65%-70% range. “In July we had moved to Neutral…
A Thames Valley Police officer from the Police force’s Specialist Search Unit, accompanied by police dog Jack, carries out security searches outside of Windsor Castle in Windsor, on September 12, 2025, ahead of the State Visit by US President Donald Trump.Jordan Pettitt | Afp | Getty ImagesThe U.S. and U.K are expected to sign a flurry of major new deals during U.S. President Donald Trump’s state visit to Britain this week, seeking to kickstart a “golden age” of nuclear power.Some of the multi-billion-pound agreements set to be inked include plans by U.S. and U.K. companies to build up to 12…
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersTesla shares jumped after CEO Elon Musk disclosed his first purchase of the stock in the open market since February 2020.Musk purchased 2.57 million shares at various prices Friday which tallies up to about $1 billion, a significant insider purchase traders took as a vote of confidence from the outspoken CEO.Tesla shares were higher by 6% in premarket trading Monday morning. They close Friday slightly lower for 2025 despite a recent rally with…
A protester brandishes a smoke flame by a barricade on fire during a demonstration part of the “Bloquons tout” (“Let’s block everything”) protest movement, in the south east of Paris, on September 10, 2025. The broad anti-government campaign, dubbed “Bloquons tout” (“Let’s block everything”), calls for a ahutdown of France on September 10 with a string of protest actions and civil disobedience around the country.Alain Jocard | Afp | Getty ImagesFrance’s borrowing costs ticked higher on Monday as traders reacted to Fitch’s decision Friday to downgrade the country’s credit rating amid ongoing uncertainty over the country’s political leadership.Fitch downgraded France’s…
