Trump claims China has been “hit much harder” in tariff warU.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Leah Millis | ReutersPresident Donald Trump on Saturday claimed that China has been “hit much harder than the USA, not even close,” in the escalating trade war.”They, and many other nations, have treated us unsustainably badly,” Trump said in a post on Truth Social. “We have been the dumb and helpless ‘whipping post,’ but not any longer.”He touted his sweeping new tariffs, saying, “We are bringing back jobs and businesses…
Author: usaeverydaylife
Elon Musk has been promising investors for about a decade that Tesla’s cars are on the verge of turning into robotaxis, capable of driving themselves cross-country, after one big software update.That hasn’t happened yet.What Tesla offers is a sophisticated, but only partially automated, driving system that’s marketed in the U.S. as its Full Self-Driving (Supervised) option, though many Tesla fans refer to it as FSD. In China, Tesla recently changed the system’s name to “intelligent assisted driving.”Full Self-Driving, as it was previously called, relies on cameras and software to enable features like automatic navigation on highways and city streets, or…
“Always I have to be careful for the respect for the players that have played incredible roles, but there’s no doubt he’s one of the greatest for sure,” said Pep Guardiola of Kevin De Bruyne’s impending exit from Manchester City.De Bruyne’s impact at City since joining from Wolfsburg in 2015 has been huge, with the Belgian scoring 106 goals in 413 appearances, contributing to 187 Premier League goals (scoring or assisting), equalling the assist record for a single season and winning 19 trophies.While Guardiola was careful about discussing where he stands in the greatest player debate, the City coach praised…
Under a soccer field in a Vienna neighborhood along the Danube, archaeologists have found a mass grave dating to the era when the Roman Empire was battling Germanic tribes almost 2,000 years ago, experts announced this week.The grave was discovered in October by a construction company doing renovations for the field in Vienna’s Simmering district, a team of archaeologists and historians at the Vienna Museum said in announcing its findings. The extraordinary discovery was tied to what they called a “catastrophic” military event, possibly one where Roman troops were badly defeated and fled the site quickly.Radiocarbon dating traced the bones…
Yeti tumblers are displayed at an REI store on May 09, 2024 in Berkeley, California. Justin Sullivan | Getty ImagesCompany: Yeti Holdings Inc (YETI)Business: Yeti is a designer, retailer, and distributor of outdoor products. The company’s product portfolio consists of three categories: Coolers & Equipment, Drinkware and Other.Stock Market Value: ~$2.5B ($30.15 per share)Stock Chart IconStock chart iconYeti Holdings in the past 12 monthsActivist: Engaged Capital LLCOwnership: 1.87%Average Cost: n/aActivist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged is an experienced and successful small cap investor and makes investments with…
Financial markets that spent two years anticipating a recession that never came took two days to price in surging odds of a recession that might come by invitation. With one of the nastiest two-day selloffs in history following President Donald Trump’s launch of punitive tariffs on most trading partners, the stock market is in one of those precarious spots: Both tightly coiled for a near-term bounce soon, but not quite priced for the full fundamental implications of this policy as now contemplated. Bespoke Investment Group gave voice to this uncomfortable moment, in which markets that are built to produce the…
The Nasdaq MarketSite in New York, June 9, 2023.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least.Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered steep consecutive daily drops to finish 10% lower for the week, the index’s worst performance since the beginning of the Covid pandemic in 2020.The tech industry’s leading CEO’s rushed to contribute to Trump’s inauguration in January and paraded to Washington, D.C., for the event. Since then, it’s been…
Traders work on the floor at the New York Stock Exchange in New York City, U.S., April 4, 2025.Brendan McDermid | ReutersBefore Wednesday, President Donald Trump’s tariffs were expected to be a problem for markets and the economy, but a manageable one.So much for that idea.What happened instead is something worse than the worst-case scenario, which previously had been one where the U.S. would slap true “reciprocal” duties on its trading partners that would match tariffs charged to American exports.In a perfect world, that would have triggered a round of negotiations that led to deals all sides could live with…
The U.S. Capitol building viewed through the bars of standard barricades in Washington, U.S., April 4, 2025. Leah Millis | ReutersThe U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President Donald Trump’s 2017 tax cuts and sharply reduce government spending.The vote, following an all-night legislative session, unlocks a maneuver that will allow Republicans to bypass the Senate’s filibuster and pass the tax cuts later this year without Democratic votes.Non-partisan analysts say the measure, if enacted, would add about $5.7 trillion to the federal government’s debt over the next decade. Senate…
A top Trump administration envoy to the Middle East was in Lebanon on Saturday amid U.S. pressure on the country to crack down on Hezbollah and as tensions with Israel flare despite a U.S.-brokered cease-fire.Morgan Ortagus, President Trump’s deputy Middle East envoy, met with senior officials after strikes over the past two weeks threatened the truce that went into effect in November.The Lebanese government has been trying to rebuild the country in the wake of the devastating war between Israel and Hezbollah in which about 4,000 people in Lebanon were killed and roughly one million displaced. Hezbollah, the Iran-backed militant…
