A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025.Peter Parks | Afp | Getty ImagesChina’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs and called for the White House to defuse the escalating trade war through “equal-footed consultation.”U.S. stock markets fell sharply for a second consecutive day on Friday, with all three major indexes dropping by more than 5% as part of a global rout.The market turmoil was exacerbated on Friday when China’s Finance Ministry announced…
Author: usaeverydaylife
It was not long ago that President Joseph R. Biden Jr. was marshaling European allies to resist the Russian invasion of Ukraine. He illustrated the point that a top American diplomat, R. Nicholas Burns, recently summarized as the way the United States wins the global competition for power and prosperity: “Be nice to your allies.”President Trump clearly has a different view. His antagonism toward Europe has been public for decades, seeing allies as economic competitors and geopolitical parasites. And his decision on Thursday to impose controversially calculated tariffs on America’s partners, including Ukraine — but not on Russia or North…
President Trump and Europe are clashing over tariffs, the war in Ukraine and the very purpose of the European Union’s existence. But they are also divided over free speech — with potentially far-reaching implications for how the digital world is regulated.The E.U. has been investigating U.S. companies under the Digital Services Act, a new law meant to prevent illegal content and disinformation from spreading online. In the first major case to near a conclusion, regulators as soon as this summer are expected to impose significant penalties — including a fine and demands for product changes — on Elon Musk’s social…
Employees at a clothing factory in Vo Cuong, Bac Ninh province, in Vietnam.SeongJoon Cho/Bloomberg via Getty ImagesThe Trump administration’s plan to slap steep tariffs on goods from dozens of countries is expected to spike prices for consumers. Some items, like leather goods, will see a bigger jump than others.The overall impact on households will vary based on their purchasing habits. But most families — especially lower earners — are likely to feel the pain to some degree, economists said.According to an analysis by the Budget Lab at Yale University, the average household will lose $3,800 of purchasing power per year…
A pungent smell of rotting garbage fills the air. Bulging sacks of trash pile high, some spilling their festering contents. And, with vermin plaguing parts of the city, at least one resident has claimed to have been bitten by a rat.With its heritage as a manufacturing powerhouse and its proud civic history, Birmingham likes to call itself Britain’s second city.Right now, it’s the nation’s garbage capital.A standoff between striking refuse workers and city officials has left an estimated 17,000 tons of trash piled on city streets that is attracting rats, foxes, cockroaches and maggots. On Monday, Birmingham’s municipality declared it…
Jamie Grill | Getty ImagesAs U.S. markets continue to suffer steep declines in the wake of the Trump administration’s new tariff policies, you may be wondering what the next best move is when it comes to your retirement portfolio and other investments.Behavioral finance experts warn now is the worst time to make any drastic moves.”It is dangerous for you — unless you can read what is going to happen next in the political world, in the economic world — to make a decision,” said Meir Statman, a professor of finance at Santa Clara University.”It is more likely to be driven…
On a Monday morning last fall, Ukrainian drone pilots watched what had become a familiar scene unfold on a drone’s live feed: Russian soldiers pointed their guns at two Ukrainians, who seemingly surrendered. Then, the footage showed, the Russians shot them point blank.The video, provided by a pilot who said he had witnessed the killing on the feed, was verified by The New York Times and the Centre for Information Resilience, a nonprofit organization. It appeared to show the Ukrainian prisoners executed near the village of Novoivanovka in the Kursk region of Russia.“There were no polite words spoken among us…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market meltdown: The S & P 500 and Nasdaq were on track for another difficult close — with declines of nearly 6% for each, bringing this week’s losses to around 9% and 10%, respectively. There was a brief recovery in the market following President Donald Trump ‘s comments about Vietnam wanting to negotiate a deal to reduce tariffs. This development suggests a willingness on the part of the Trump administration to,…
The cease-fire between Israel and Hamas collapsed last month, and the dead and wounded again pour into the hospital. The injured are triaged at a tent in the hospital’s courtyard, set up to relieve the pressure on the packed emergency room inside.When people arrive, medical workers sort them into three categories: green, yellow and red. Those classified green are given basic treatment, like bandages, and are sent on their way. Yellow means treatment is required in the hospital. Red indicates an urgent case that requires immediate care, possibly surgery.But nurses and doctors can only do so much. There is still…
An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC has learned, as Robert F. Kennedy Jr. upends the U.S. health department. During a virtual all-hands meeting with employees on Friday, CMS acting Administrator Stephanie Carlton detailed some of the specific offices at the agency impacted by cuts under Kennedy’s broader plan to restructure the Department of Health and Human Services, or HHS.CNBC viewed a transcript of the internal meeting, which…
