A rendering of Eli Lilly’s manufacturing facility in Houston, Texas.Courtesy: Eli LillyEli Lilly on Tuesday said it will spend $6.5 billion to build a manufacturing facility in Houston, Texas, to boost production of the company’s pipeline of so-called small molecule drugs, including its closely watched experimental obesity pill. It is the second in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the two remaining U.S.…
Author: usaeverydaylife
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | ReutersFederal Reserve Chair Jerome Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision he backed to lower the central bank’s key interest rate last week.The Federal Open Market Committee’s first cut of the year came amid signs that both supply and demand of workers is waning at the same time that near-term impact from tariffs…
A look under the surface of the S & P 500 may signal the benchmark is due for a pullback. DataTrek Research co-founder Nicholas Colas noted that S & P 500 sector correlations are nearly 2 standard deviations below their long-term average at 0.64. This, Colas said, indicates “excessive animal spirts” are driving the market. In this case, investors appear to be chasing the tech sector and AI plays, while neglecting the rest of the market. Colas said that instances of such low correlation do not bode well for investors. “Correlations have been at similar levels 3 times since the…
Central banks around the world — including the Federal Reserve — could soon become big buyers of bitcoin, after historically shunning the cryptocurrency, according to the Deutsche Bank Research Institute. Monetary policy-setting institutions have traditionally skewed conservative with their reserves, holding mostly gold and Treasurys for stability and to preserve their currencies’ value. Yet, the creation of a U.S. strategic bitcoin reserve in March could serve as a key catalyst for a shift. The Wall Street firm expects the cryptocurrency will enjoy greater legitimacy alongside gold as a federal holding over the next five years. “While gold has long been…
US President Donald Trump delivers remarks to the United Nations General Assembly at the UN headquarters in New York City on September 23, 2025. Timothy A. Clary | Afp | Getty ImagesPresident Donald Trump mocked the United Nations’ headquarters in a speech to the General Assembly, recalling his failed bid to renovate the building in New York.”Many years ago, a very successful real estate developer in New York, known as Donald J. Trump, I bid on the renovation and rebuilding of this very United Nations complex,” Trump told the GA during wide-ranging remarks that questioned the purpose of the UN.”I…
Nvidia ‘s $100 billion mega investment in OpenAI was hailed as a sign of artificial intelligence’s momentum as the chipmaker’s rally continued to boost the broader stock market to a record, but seasoned investors said the move looked more like a troubling echo of past bubbles. The chipmaker said it will invest up to $100 billion in OpenAI as the AI lab sets out to build hundreds of billions of dollars in data centers based around Nvidia’s AI processors. Nvidia shares jumped nearly 4% on Monday following the announcement, lifting the S & P 500 to another all-time high. However, some…
Four times a year, public companies provide an in-depth look at their financial performance — and drilling into those figures is one of investors’ most important jobs. But making sense of them isn’t always easy. One big reason for confusion is that companies have some leeway on the specific metrics they highlight. In particular, we’re talking about the “adjustments” that get made to metrics such as earnings per share and operating margin. This often shows up in earnings releases as GAAP versus non-GAAP results. It’s fair for investors to ask: What’s the difference between GAAP and non-GAAP? Should investors care…
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021.Nicholas Kamm | AFP | Getty ImagesAmazon plans to close all of its Fresh supermarkets in the U.K., in the latest recalibration of its grocery strategy.The company said in a Tuesday blog that it’s preparing to close all 19 of its Fresh U.K. stores, “following a thorough evaluation of business operations and the very substantial growth opportunities in online delivery.” Five of the Fresh locations are expected to be converted into Whole Foods stores, Amazon said.Amazon opened its first Fresh location outside the U.S. in London in…
Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank’s key borrowing rate, he told CNBC that further moves would depend on economic progress.”I’m OK with moving to be in a better spot, and I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air,” he said during…
Today’s setup is LULU (Lululemon) . On Sept. 4, the company beat EPS, but sharply cut full-year revenue guidance — triggering a classic knee-jerk selloff of nearly 22% in one day. After tagging a five-year low, the stock has been quietly basing and is starting to show signs of a recovery. For this trade, I’m consulting three technical indicators to build the case. RSI (Relative Strength Index) I’m starting with a classic technician’s tool: RSI. On LULU, RSI dipped into oversold territory on Sept. 5 and recently pushed back above the 30 level on Sept. 17. That transition out of…
