Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon has formed a new group within its consumer product-development arm that is focused on agentic artificial intelligence, the company said Wednesday.The team will be based in Lab126, the stealthy Silicon Valley-based research and development unit behind the Kindle e-reader, Echo smart speaker and other popular Amazon devices.A growing number of companies are building AI agents as they look beyond text and image generators. In contrast to AI services such as chatbots, agents are capable of completing multistep, complex…
Author: usaeverydaylife
The real estate sector has been a lackluster performer in recent weeks, but some dividend-paying stocks in the group could be showing signs of promise, according to Wolfe Research. While the S & P 500 was up more than 6% in May, the real estate sector only advanced about 0.9% in that time. Real estate’s performance last month coincided with a volatile period for longer-dated Treasurys, including the 10-year note, as investors grappled with shakiness around tariff policy and deficit worries as the House of Representatives cleared a massive tax and spending bill . The 10-year Treasury is closely tied…
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025.Evelyn Hockstein | ReutersElon Musk on Wednesday ramped up his attacks against the massive tax-cut bill that President Donald Trump is pushing Congress to pass, claiming it will condemn America to “debt slavery” and urging lawmakers to “KILL the BILL.””Call your Senator, Call your Congressman,” Musk wrote as he decried the budget package at length on his social media site X. “Bankrupting America is NOT ok!””A new spending bill should be drafted that doesn’t massively grow…
Students are seen on the campus of Columbia University on April 14, 2025, in New York City. Charly Triballeau | Afp | Getty ImagesThe U.S. Education Department said Wednesday that Columbia University has failed to meet the standards for accreditation because it “is in violation of federal antidiscrimination laws” for allegedly tolerating harassment of Jewish students on campus.The Education Department’s Office of Civil Rights notified the Middle States Commission on Higher Education, an accrediting institution that Columbia belongs to, of the alleged violation.The department noted that federal regulations, “accreditors are required to notify any member institution about a federal noncompliance finding…
The Health Care Select Sector SPDR Fund (XLV) was down over 5% in May, as the S & P 500 gained over 6%, which means that XLV underperformed the index by 11%. That’s a huge performance discrepancy. In fact, it was the worst relative monthly percent move vs. the SPX in XLV’s history, dating back to late 1998. As is clear from this long-term chart, the odds of this horribly bad relative weakness continuing at this same pace is low – at least for June. XLV itself now has approached two major long-term support levels after the recent downturn. The…
A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company’s bankruptcy in Torrance, California on May 27, 2025. Patrick T. Fallon | Afp | Getty ImagesThe U.S. economy contracted over the past six weeks as hiring slowed and consumers and businesses worried about tariff-related price increases, according to a Federal Reserve report Wednesday.In its periodic “Beige Book” summary of conditions, the central bank noted that “economic activity has declined slightly since the previous report” released April 23.”All Districts…
Nathan Simington, Commissioner at the Federal Communications Commission (FCC) testifies during a House Energy and Commerce Committee Subcommittee hearing on March 31, 2022 in Washington, DC. The subcommittee held a hearing on oversight of the FCC. Kevin Dietsch | Getty ImagesRepublican Federal Communications Commission member Nathan Simington said Wednesday he plans to resign this week after more than four years in office.Simington was confirmed in December 2020 to the five-member FCC after he lead a regulatory effort during President Donald Trump’s first term in office seeking to rein in social media companies. Democratic FCC Commissioner Geoffrey Starks said last month…
The number of companies that buy bitcoin to hold on their balance sheet has grown in recent weeks, helping the leading cryptocurrency to hit its recent all-time high. But that newfound corporate support could soon become a downside risk to bitcoin’s price, according to Standard Chartered. While Strategy , formerly MicroStrategy, is the poster child for the bitcoin acquisition strategy by corporate treasuries, “imitators” have been gaining ground, Standard Chartered said in a report out Tuesday. Holdings by bitcoin treasuries have doubled in the last two months to just below 100,000 bitcoins, but their average purchase prices are far higher…
As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits.Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, says it’s developing a solution, and one with an added benefit to the environment. Capture6’s technology repurposes industrial and water treatment waste, generating clean water and capturing carbon dioxide from the atmosphere.”That combination of water treatment, brine management, and carbon capture all at once is part…
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.”This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits. “This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.””I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless…
