President Donald Trump on Tuesday blasted Sen. Rand Paul after the Kentucky Republican criticized the massive Trump-backed budget bill over its provision to raise the debt ceiling by trillions of dollars.Paul, a staunch libertarian, said on CNBC’s “Squawk Box” that he is “just not open to supporting $5 trillion … in debt ceiling increase” that the Senate’s version of the bill currently includes.Trump lashed out soon after, writing on Truth Social that the senator “has very little understanding” of the budget plan that the president has dubbed the “one big, beautiful bill.”Trump claimed Paul does not grasp that the bill,…
Author: usaeverydaylife
Check out the companies making headlines in midday trading. Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson’s $7.62 billion revenue was also above the $7.42 billion estimate. The company also slightly raised its full-year revenue growth guidance. Sitio Royalties — The mineral and royalty company soared 16% after agreeing to be acquired by Viper Energy , a subsidiary of Diamondback Energy. The deal, worth around $4.1 billion, is expected to close in the third quarter. Shares of Viper and…
Bernstein thinks Wall Street is unnecessarily beating on Qualcomm stock. The firm reiterated an outperform rating on the chipmaker on Tuesday, alongside a $185 per share price target. Bernstein’s forecast implies about 26% upside from Monday’s $146.63 close. Analyst Stacy Rasgon labeled Qualcomm the “Rodney Dangerfield of semiconductor stocks,” in reference to the comedian famous for saying he “gets no respect.” Rasgon said the company is making strides toward shedding some of the lingering doubts about its growth prospects . “Indeed, the name has been the quintessential ‘Rodney Dangerfield’ of semiconductor stocks, garnering no respect regardless of the fundamentals,” Rasgon…
The Texas flag flies outside TDECU Stadium in Houston, Oct. 21, 2023.Tim Warner | Getty Images Sport | Getty ImagesTesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for self-driving technology.CEO Elon Musk wrote in a post on X last week that the company has been testing Model Y vehicles with no safety drivers on board in the Texas capital for several days.Tesla’s Austin robotaxi service will kick off with 10 vehicles and expand to thousands, moving into more cities if the launch goes…
Uranium Energy is set to rally as the U.S. focuses on securing domestic fuel supplies to meet President Donald Trump’s goal to quadruple nuclear power by 2050, according to BMO Capital Markets. BMO initiated coverage of Uranium Energy on Tuesday with a buy rating and setting a stock price target of $7.75 per share, implying 36% upside from the company’s most recent close of $5.69. BMO’s decision to cover the uranium miner comes after Trump issued an series of executive orders on May 23 to reinvigorate nuclear power in the U.S., including a push to strengthen the domestic uranium supply…
Alina Habba, Acting U.S. Attorney for the District of New Jersey, arrives at the courthouse where Mayor of Newark, Ras Baraka’s hearing will be held on May 15, 2025 in Newark, New Jersey. Stephanie Keith | Getty ImagesNewark, New Jersey, Mayor Ras Baraka sued his state’s top prosecutor, Alina Habba, on Tuesday over his arrest last month at an immigration detention center in his city.Baraka’s lawsuit alleges that Habba falsely arrested, maliciously prosecuted and defamed the Democratic mayor.Habba is President Donald Trump’s former personal defense lawyer, and his pick for interim U.S. attorney for the Garden State. The federal civil…
Democratic Rep. Ro Khanna of California warned Tuesday that the nation’s economy and talent pipeline could take a hit if international students opt against attending colleges in the United States because of President Donald Trump’s visa policies.”The reality is that you have people like Elon Musk who were foreign students, I mean, they have been embedded in Silicon Valley and the companies that have been created,” Khanna said on CNBC’s “Squawk Box.”Khanna, who represents Silicon Valley, said that world-class educational opportunities for foreign students are one of America’s “biggest exports of anything.””You go talk to Stanford, you talk to other…
An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | ReutersNvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo’s new Switch 2, days before the long-awaited console is set to hit store shelves.In a video posted by Nintendo, Huang called the chip inside the Switch 2 “unlike anything we’ve built before.””It brings together three breakthroughs: The most advanced graphics ever in a mobile device, full hardware ray tracing, high…
Deutsche Bank’s Binky Chadha is bullish again, confident that the Trump administration will continue to back down on tariffs. “Our base case was for a significant rally in equities on a credible relent on trade policies,” the chief U.S. equity and global strategist wrote Tuesday. “In the event, the administration relented earlier than we had anticipated, driven primarily by market reaction, and before the emergence of any legal barriers or economic or political pain.” “This reinforces the view that if negative impacts of tariffs do materialize, we will get further relents,” Chadha added. Chadha raised his year-end S & P…
The tax and spending bill winding its way through Congress could end up delivering a gift for exercise buffs and a boost to the stock price of their favorite gyms. The bill that passed the House of Representatives last month included a provision that would expand the allowable uses for health savings accounts to include “qualified sports and fitness expenses.” HSAs work alongside high-deductible health insurance plans, and they allow savers to put away pre-tax dollars and have them accumulate free of taxes. The money can be withdrawn tax free to cover qualified medical expenses. The bill calls for allowing…
