As President Donald Trump’s “reciprocal” tariffs announcement sent shockwaves across Wall Street, the world’s richest people lost billions of dollars in net worth almost overnight.On Wednesday, Trump announced a baseline 10% tariff for imported goods from all countries set to take effect on April 5, and “individualized” tariffs as high as 50% on a series of specific countries and regions. The announcement sparked a stock market meltdown: The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each fell by more than 5% on Friday, following similar losses on Thursday.Collectively, the two-day drop wiped out $30.9 billion in net worth…
Author: usaeverydaylife
TAMPA, Fla. — They don’t talk about legacy at UConn. There’s no point. Why acknowledge the obvious? Because at UConn, talking about the importance of national championships isn’t pointing out the elephant in the room; the room is the elephant. It is the standard bearer, whether or not you say it out loud. And anyone who walks through those doors at UConn goes there for that exact reason.In Storrs, the minimal expectation is excellence, perfection is the goal. There is no shortage of reminders. The gym is bordered in chairs from each of the Huskies’ Final Fours (they’ll soon add…
Prime Minister Benjamin Netanyahu of Israel is set to meet with President Trump at the White House on Monday, according to a White House official, in the second such visit by the Israeli leader since the new administration began in January.Mr. Netanyahu will arrive in Washington after renewing Israel’s military campaign against Hamas in Gaza late last month, despite efforts by Mr. Trump’s aides to broker a new truce to stop the fighting there and free more hostages.A spokesman for Mr. Netanyahu did not respond to a request for comment. The Israeli prime minister has been in Hungary on a…
The stocks that investors shied away from the most this week could be poised to rebound if the market makes a comeback. Stocks have taken a severe beating, with many investors selling positions after President Donald Trump unveiled his latest tariff policies late Wednesday. All three major averages closed in the red this week, with the tech-heavy Nasdaq Composite leading the losses, falling 10%. Investors are trying to play it safe, still cautious that the sell-off could get worse. Citi Wealth chief investment officer Kate Moore told CNBC’s ” Squawk Box ” Thursday morning that ” the uncertainty factor is…
Beau Vallis started his music career young.The 32-year-old got an internship at legendary music engineer Jimmy Douglass’ studio in Miami when he was just 18. It was there he met former Destiny’s Child member Kelly Rowland, for whom he became the go-to music engineer, and ultimately worked with such modern icons as Sia and Sean Paul. He also worked on Pharrell Williams’ album “Girl,” which got nominated for the Album of the Year Grammy in 2015.Despite this major success so early on in his career, Vallis had a hard time making a living. “The label kind of chooses what they…
Forget crowded airports and hours-long flights. If traveling the world is on your bucket list, Adventures By Train is set to offer a new and unique experience to do just that — all in 100 days.The tour operator recently announced its round-the-world trip by train and the first departure is scheduled for March 17, 2026.More and more people are looking for a sustainable way to travel and a trip by railway fits the bill.”People are becoming increasingly concerned about their carbon footprint and the impact that flying, in particular, has on the planet,” Jim Louth, director of Adventures by Train,…
SUZUKA, Japan — “That. Is. Insane. That is insane!”Max Verstappen’s engineer, Gianpiero Lambiase, rarely sounds as impressed as he did on the radio when his driver’s pole position for the Japanese Grand Prix was confirmed.He had been through this routine 40 times before, congratulating Verstappen after a job well done.But this pole, the 41st of Verstappen’s career, felt particularly special. After Red Bull’s struggles to make Verstappen fully comfortable with the RB21 car, prompting an array of setup experiments to try to get some answers at Suzuka, plus the domination of McLaren in the early part of this season, to…
Stocks have fallen sharply in the aftermath of President Donald Trump ‘s tariffs, but there are some names that may ultimately benefit as companies return operations to the United States, according to two financial firms. Trump vowed to bring factories and jobs back to the country when he signed a sweeping tariff policy on Wednesday. It includes reciprocal tariffs that begin at 10%, and rise higher for certain countries. On Friday, China retaliated by slapping 34% levies on all goods imported from the U.S. Reshoring, or the return of companies’ overseas operations to the U.S., isn’t that simple due to…
Andrew Fox | The Image Bank | Getty Images”Dead” investors often beat the living — at least, when it comes to investment returns.A “dead” investor refers to an inactive trader who adopts a “buy and hold” investment strategy. This often leads to better returns than active trading, which generally incurs higher costs and taxes and stems from impulsive, emotional decision-making, experts said.Doing nothing, it turns out, generally yields better results for the average investor than taking a more active role in one’s portfolio, according to investment experts.The “biggest threat” to investor returns is human behavior, not government policy or company…
Arseniy45 | Istock | Getty ImagesPresident Donald Trump may hope his tariffs jump-start a renaissance in manufacturing in the United States, but the reality is not so simple, according to experts.The president announced sweeping tariffs Wednesday, including a baseline 10% levy across the board on all imports. He also targeted specific countries with steep tariffs, such as 34% on China, 20% on the European Union and 46% on Taiwan.Trump said “jobs and factories will come roaring back.””We will supercharge our domestic industrial base, we will pry open foreign markets and break down foreign trade barriers and ultimately more production at…
