U.S. President Donald Trump speaks while World leaders listen during a summit of European and Middle Eastern leaders on Gaza on October 13, 2025 in Sharm El-Sheikh, Egypt. Chip Somodevilla | Getty Images This might not be Christmas, but the war in the Middle East is over — at least according to U.S. President Donald Trump.On Monday, Trump declared at the Knesset, Israel’s parliament, that the “long and painful nightmare” was finally over for both the Israelis and Palestinians. More straightforwardly, Trump gave an unequivocal “yes” when asked by reporters if the war in the Middle East has ended, Reuters…
Author: usaeverydaylife
A salesperson (left) shows vehicles to a shopper at a Toyota dealership.Getty ImagesDETROIT — Look no further than the automotive industry for the latest indication that U.S. consumers could be facing a “K-shaped” economy, where the wealthy keep seeing gains while those who have lower incomes struggle.The average price paid for a new vehicle last month topped $50,000 for the first time ever, Cox Automotive’s Kelley Blue Book reported Monday. Meanwhile, auto loan delinquency rates remain near all-time highs for those with low credit ratings.Consumers who can afford a new vehicle are on a buying spree, while those on tighter…
A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025.Yves Herman | ReutersAmazon fired a Palestinian engineer who was suspended last month after he protested the company’s work with the Israeli government.Ahmed Shahrour, who worked as a software engineer in Amazon’s Whole Foods business in Seattle, received an email on Monday informing him of his termination. When he was suspended in September, Amazon said the decision was the result of messages Shahrour…
SHANGHAI, CHINA – JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China.Vcg | Visual China Group | Getty ImagesAsia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China.Following a slew of tit-for-tat trade restrictions and heated exchanges, Trump said “Don’t worry about China, it will all be fine!” in a Truth Social post Monday.China has slapped fees on U.S. ships for docking at its ports, in retaliation for similar charges imposed by Washington on Chinese ships.…
With less than 24 hours ahead of new U.S. government port fees on Chinese-made freight vessels, importers are grappling with additional tariffs that include other Chinese-made machinery key to the supply chain.On Friday, the U.S. Trade Representative announced modifications following a review of public comments on the prior rule, which include an additional 150% tariffs on rubber tire gantry cranes, rail-mounted gantry cranes, automatic stacking cranes, reachstackers, straddle carriers, terminal tractors, top loaders, and the components that make up the pieces of equipment.Factoring in the layering of prior tariffs on the cranes, the new tariff rate can be as high as…
While Europe isn’t directly impacted by U.S. President Donald Trump’s latest tariff threats , it could have a knock-on effect on European exports if the dollar continues to weaken. With the euro strong in comparison, Gerry Fowler, who head up UBS ‘ U.S. and European equity and derivative strategy team, expects European exports to feel the effects. “Europe is going through what our economists call the J curves, which is a couple of quarters of roughly zero GDP growth, but the reality is, if you think about the nature of GDP being consumption, investment, government spending and net exports, nearly…
Too many risky stocks helped the market bounce back from last week’s sell-off, according to CNBC’s Jim Cramer.”I don’t love a day like today because the speculative stocks make for bad leadership,” he said. “It’s much more encouraging when the tried and true do the leading, even if the tried and true means the Magnificent Seven and their fellow travelers.”The indexes recouped some of their losses from Friday’s rout — where $2 trillion in market value disappeared after President Donald Trump made a post on his Truth Social platform threatening to raise tariffs with China, saying the country was “becoming…
Broadcom CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries.Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.””And you put in generative AI, you create intelligence in a lot of other aspects of society,” Tan continued. “That 30% say will grow to 40% of all GDP. That’s $10 trillion a year.”If AI grows and becomes responsible for a larger piece of global GDP as Tan predicts, it would be a…
Traders work on the floor at New York Stock Exchange American at the New York Stock Exchange in New York City, U.S., April 10, 2025.Jeenah Moon | ReutersStock futures were little changed on Monday night, following a winning session in which the major averages recovered a chunk of their losses suffered at the end of last week.Dow Jones Industrial Average futures ticked higher by just 19 points. S&P 500 and Nasdaq-100 futures hovered just below the flatline.The S&P 500 and Dow each jumped more than 1% on the day, marking the former’s biggest one-day gain since May 27. The broad…
Oracle CEO, Clay Magouyrk, sits down with CNBC’s David Faber on Oct. 13, 2025. CNBCOracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes.In an interview with CNBC’s David Faber at Oracle’s AI World conference on Monday, Magouyrk said “of course” OpenAI can pay $60 billion for a year’s worth of cloud resources. In July, OpenAI agreed to a five-year deal with Oracle that’s worth more than $300 billion.”Just look at the…
