Trade headlines are again weighing on the stock market, as President Donald Trump’s latest tariff salvo helped fuel a sell-off on Monday . Trump sent letters to several countries on Monday, detailing new tariff rates set to go into effect on Aug. 1. Those rates appear to generally be closer to the levels revealed on the April 2 “liberation day,” which spooked the market, than the milder import duties investors were hoping for. The letters also came on the heels of Trump’s threat over the weekend to hike tariffs on BRICS members . Taken together, the latest announcements from the…
Author: usaeverydaylife
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.Patrick T. Fallon | AFP | Getty ImagesWaymo said it will begin testing in Philadelphia, with a limited fleet of vehicles and human safety drivers behind the wheel. “This city is a National Treasure,” Waymo wrote in a post on X on Monday. “It’s a city of love, where eagles fly with a gritty spirit and cheese that spreads and cheese that steaks. Our road trip continues to Philly next.”The Alphabet-owned company confirmed to CNBC that it will be…
FILE PHOTO: Russian Minister of Transport Roman Starovoit arrives at a meeting of President Vladimir Putin with Venezuelan President Nicolas Maduro at the Kremlin in Moscow, Russia, May 7, 2025. Maxim Shemetov | ReutersRussia’s sacked transport minister has been found dead in his car outside Moscow with a gunshot wound and the principal hypothesis is that he took his own life, state investigators said on Monday, hours after President Vladimir Putin fired him.A presidential decree published earlier on Monday gave no reason for the dismissal of Roman Starovoit after barely a year in the job, though political analysts were quick…
The road to market records isn’t a smooth one, and investors would do well to hold onto a few defensive names to protect their portfolios in shaky times, according to Wolfe Research The Trump administration’s announcement of steep tariffs against South Korea, Japan and five other nations rattled stocks on Monday, with the Dow Jones Industrial Average down more than 500 points and the S & P 500 off 1% at their respective lows of the session. The new duties are set to take effect on Aug. 1. Even as the broad market S & P 500 has seen a…
Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025.Cheng Xin | Getty ImagesApple on Monday appealed what it called an “unprecedented” 500 million euro ($586 million) fine issued by the European Union for violating the bloc’s Digital Markets Act.”As our appeal will show, the EC [European Commission] is mandating how we run our store and forcing business terms which are confusing for developers and bad for users,” the company said in a statement. “We implemented this to avoid punitive daily fines and…
U.S. dollar banknote and decreasing stock graph are seen in this illustration taken April 25, 2025. Dado Ruvic | ReutersFresh off its worst performance since Richard Nixon was president, the U.S. dollar faces a variety of headwinds heading into the second half of the year that could have important investing implications.The greenback tumbled 10.7% against its global peers through June, making it the worst first half since 1973, back when Nixon broke the Bretton Woods gold standard. At its bottom, the currency hit its lowest point since February 2022.The path ahead may not look much brighter.That’s because many of the…
Turn to crypto-related stocks for gains as the long-awaited altcoin rally shows no sign of hope, according to Wolfe Research. Seasoned crypto investors have become used to a shift in market sentiment that usually follows new bitcoin all-time highs: Capital flows out of the flagship coin and into smaller, higher-risk cryptocurrencies known as altcoins. There have been two runups to new bitcoin records this year, but “alt season,” or altcoin season as the trend has become known, has not followed and isn’t likely to this year, Wolfe found. “It has been our call for months that investors should stick to…
CoreWeave CEO Michael Intrator, left, testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025.Chip Somodevilla | Getty ImagesArtificial intelligence-oriented cloud infrastructure company CoreWeave said Monday it will acquire Core Scientific, a data center infrastructure provider, in an all-stock deal valued at approximately $9 billion.CoreWeave stock was down about 2% in trading on Monday afternoon, while Core Scientific stock was about 16% lower. Shares of both companies rallied at the end of June after the Wall Street Journal reported that talks were underway for an acquisition.”I think that, like many things that we do,…
CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesArtificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. Coreweave stock fell about 4% on Monday while Core Scientific stock plummeted about 20%. Shares of both companies rallied at the end of June after the Wall Street Journal reported that talks were underway for an acquisition.The deal…
Still from Apple’s “F1.”AppleLights out and away we go.”F1: The Movie” hasn’t even reached the checkered flag of its theatrical run, but it’s already Apple’s best film release ever.The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global box office over the weekend. This outpaced Ridley Scott’s “Napoleon,” which generated $221 million during its run in 2023, to become Apple’s highest-grossing theatrical release.The tech company has only sent a handful of films to cinemas with wide releases since delving into the media business in recent years. “Killers of the Flower Moon” tallied $158 million worldwide, “Fly…
