U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | ReutersPresident Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday.”I do believe it will come before the prime minister’s visit tomorrow,” press secretary Karoline Leavitt told reporters at the White House when asked about Trump’s forthcoming announcement.She added, “I will let the president discuss the details on the reciprocal tariff front, but this is something he believes strongly in.”Trump said…
Author: usaeverydaylife
LOS ANGELES — JJ Redick knew exactly what he was doing. The Los Angeles Lakers coach stepped into a subtle moment and broke the awkward silence with the matter-of-fact delivery of a question. One designed to rile up the guys. Add some juice to the moment.“Who’s the best player on the team?” Redick asked.Hands flew up. Five players nominated themselves with raised arms. Another did so with a confident smirk. Redick grinned at the chaos he provoked as several Palisades Charter High School boys basketball team members claimed the crown.“Are we serious?” sophomore point guard Jack Levey asked, his right…
President Trump said on Wednesday that he had a “lengthy and highly productive phone call” with President Vladimir V. Putin of Russia, characterizing it as the beginning of a negotiation to end the war in Ukraine.It was the first confirmed conversation between the two men during Mr. Trump’s second term, coming as Mr. Trump has made clear to advisers that finding a U.S.-backed end to the war that Russia began is a priority for his administration.“We discussed Ukraine, the Middle East, Energy, Artificial Intelligence, the power of the Dollar, and various other subjects,” Mr. Trump wrote in a social media…
Check out the companies making headlines in midday trading: Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its artificial intelligence model later this year. The source said that “foundational model” Ernie 5.0 will have “big enhancements in multimodal capabilities.” Micron Technology — Shares slid 3% following remarks from the semiconductor manufacturer at the Wolfe Semiconductor Conference on Tuesday morning. Micron said it had no updates to its second-quarter guidance, but does expect revenue growth in its fiscal third quarter. Kraft Heinz — The…
Tesla is best positioned to benefit from the transformation of U.S. manufacturing by artificial intelligence merging with physical machines, according to Morgan Stanley. The U.S. manufacturing base has declined from 28% of the U.S. economy in 1953 to just 10% today, an all-time low. But AI is tailwind for domestic manufacturing that will bring down costs, analysts led by Adam Jonas told clients in a Wednesday note. “The opportunity is compounded by 25 years of US Manufacturing under-investment creating conditions for growth and exciting new alpha-generating ideas,” Jonas said. Tesla is the most diversified company developing physical AI or intelligent…
FILE PHOTO: A Chevron gas station is seen in Austin, Texas, U.S., October 23, 2023. Brian Snyder | ReutersChevron will slash 15% to 20% of its workforce as the oil major implements a plan to cut costs, the company announced Wednesday.The layoffs will begin this year with most of the cuts complete before the end of 2026. The job cuts are part of its plans to slash costs by between $2 billion and $3 billion by the end of next year, according to Chevron.”We do not take these actions lightly and will support our employees through the transition,” Chevron Vice Chairman…
Erling Haaland scored against Real Madrid for the first time in his career.And then scored another.But Manchester City still lost at home to the Champions League holders.It will have felt all too familiar for Pep Guardiola and his team as they threw away a 2-1 lead with four minutes of normal time to play at the Etihad, being stung first by one of their former players, Brahim Diaz, and then the tireless Jude Bellingham, who steered the ball home from close range in added time.Oh, and earlier in the game Kylian Mbappe had scored with his shin.Carlo Ancelotti’s side take…
The consumer price index rose 0.5% in January, and is up 3.0% over the last 12 months, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting a monthly rise of 0.3% and a 2.9% increase year over year.Core CPI, which excludes volatile food and energy prices, rose 0.4% for the month and 3.3% over 12 months. Economists had penciled in core price increases of 0.3% in January and 3.1% year over year, according to Dow Jones.The hot inflation report could push expectations of the next Federal Reserve rate cut further into the future. The Federal…
A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025.Angela Weiss | AFP | Getty ImagesThe New York Stock Exchange will soon have a presence in Texas to cater to the growing number of companies looking for a home base in the business-friendly state.The NYSE announced Wednesday that one of its electronic exchanges, NYSE Chicago, will reincorporate in Texas and be renamed NYSE Texas, giving companies an option to list their stocks in the Lone Star state.”As the state with the largest number of NYSE listings, representing over $3.7 trillion in…
Here are the biggest calls on Wall Street on Wednesday: D.A. Davidson initiates Blaize as buy D.A. Davidson said in its initiation of the tech company that it is best “positioned to become a key player in AI-enabled edge computing.” “We are initiating coverage o f Blaize with a BUY rating and $10 price target.” UBS reiterates Walmart as buy The firm says it is bullish heading into Walmart earnings next week. “With that said, we think the company’s results will live up to the high expectations.” Needham upgrades GlobalFoundries to buy from hold The firm says the semis company…
