Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday’s Fed-driven plunge. The S & P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak. Looking under the hood of the S & P 500, all sectors closed lower for the week, despite Friday’s rally. Energy was…
Author: usaeverydaylife
They arrived within six months of each other, two stars summoned to Cleveland as franchise saviors and the final pieces necessary for a championship run. The Cavaliers packed their arena with employees and team personnel in September 2022 to welcome Donovan Mitchell at his introductory news conference. It was a signal both internally and across the NBA that the Cavs were contenders again. But six months earlier, when Deshaun Watson took the podium in March for an introductory news conference, it felt more like an interrogation than a Browns coronation.Two years later, the Cavaliers and Browns are in far different spaces. Mitchell…
Navigating a busy college schedule is hard. Navigating a busy college schedule while running your own business is even harder. For Elena Bonvicini, who founded the viral clothing brand EB Denim in high school, scaling her business during her time at the University of Southern California was a tall order. By the time she was a junior, EB Denim was bringing in over $1 million in revenue and Bonvicini was managing a handful of employees and interns.The success got her thinking: Why keep paying tuition and taking classes when she already had her dream job?”I was realizing I was already…
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024.Brian Snyder | ReutersPresident-elect Donald Trump said Sunday Russian President Vladimir Putin has expressed his interest in a meeting regarding the war with Ukraine.”President Putin said that he wants to meet with me as soon as possible,” Trump said during his remarks at Turning Point’s America Fest convention. “So we have to wait for this, but we have to end that war. That war is horrible, horrible.”Trump, who is set to return to the White House in January, previously said on the campaign trail that…
HARTFORD, Conn. — As USC’s bench emptied onto the XL Center floor, with the No. 7 Trojans having defeated the No. 4 UConn Huskies 72-70, JuJu Watkins’ hands shot to the sky. Basking in her 25-point performance that lifted USC past UConn for the first time in school history, Watkins turned to the small section of supporters decked out in red and yellow inside the sold-out arena and acknowledged their support.“It hit a little different knowing the history from last year and how they sent us home,” Watkins said.The stakes were different this time. In April, in the Elite Eight,…
Whether you call it “tip creep” or “tipflation,” it’s clear that Americans are being asked to tip more and more — and they’re tired of it.Some 6 in 10 adults view tipping negatively, and 35% say things have gotten “out of control,” according to a survey from Bankrate earlier this year. And it’s no wonder — the burden of tipping has seemingly increasingly fallen on customers even as rising prices have stretched their budgets thin.That makes the holidays a tricky season. It’s a time when many of us want to express gratitude toward the people who make our lives easier throughout…
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024.Brandon Bell | Via ReutersAs Congress regroups following another averted government shutdown, Democratic lawmakers are increasingly calling into question the level of influence Elon Musk has over President-elect Donald Trump as the latter prepares to enter the White House in just a few weeks.Last week, Trump – with help from Musk – effectively killed a 1,500-page bipartisan funding legislation drafted by House Speaker Mike Johnson, R.-La., to fund the government beyond Friday. Following 11th-hour…
With its clay terraces, the ochre-coloured Stade El Harti in Marrakech’s bustling Gueliz district is a venue that neatly demonstrates the transformation in Moroccan football over the past decade.Until 2010, it was the 10,000-capacity home to Kawkab Athletique Club de Marrakech, a middle-ranking side who could not wait to move to a 45,000-seater stadium on the other side of the city, built originally for the World Cup that summer which instead was hosted by South Africa.For the next eight years, a largely redundant El Harti felt like it belonged to a lost age. Yet as the Moroccan state realised how…
U.S. National Security Advisor, Jake Sullivan speaks during a press conference in Tel Aviv, Israel, 12 December 2024. Abir Sultan | Via ReutersThe Biden administration is concerned that a weakened Iran could decide to build a nuclear weapon, White House National Security Adviser Jake Sullivan said on Sunday, adding that he was briefing incoming President-elect Donald Trump’s team on the risk.Iran is reeling from setbacks to its regional influence after Israel’s assaults on its allies, Palestinian Hamas and Lebanon’s Hezbollah, followed by the fall of Syrian Iran-aligned President Bashar al-Assad.Tehran’s “conventional capabilities” have also been reduced, Sullivan told CNN, a reference…
Google’s recent announcement of the arrival of Willow, a quantum chip that has reduced the error tendencies of some of its predecessors, is a milestone in the effort to bring quantum computing into the real world, and in the years ahead, it could change the way we think about the risk in cryptocurrencies.Willow’s speed is almost incomprehensible — according to Google, it’s able to perform a computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion years to solve. Ten septillion is 10,000,000,000,000,000,000,000,000 years. But the accuracy of quantum computing has, until now, also been…
