An employee works on the production line of power batteries and box chassis for new energy vehicles at a workshop on July 11, 2025 in Huaibei, Anhui Province of China.Li Xin | Visual China Group | Getty ImagesAsia-Pacific markets opened mixed Monday, after Wall Street saw all three U.S. major indexes climb Friday stateside.Investors in Asia will be watching manufacturing activity figures out from China later today, as RatingDog publishes its purchasing managers index for October.Economists from Reuters expect the reading to come in at 50.9, slightly lower than September’s 51.2. The official PMI numbers out of the National Bureau…
Author: usaeverydaylife
Traders work on the floor at the New York Stock Exchange on Sept. 17, 2025.Brendan McDermid | ReutersStock futures were little changed on Sunday night, as a new month of trading begins.S&P 500 futures ticked higher by 0.1% along with Nasdaq-100 futures. Dow Jones Industrial Average futures advanced 16 points, or less than 0.1%.Wall Street is coming off a winning session that added to the benchmark’s October gains. The S&P 500 and Dow industrials climbed 2.3% and 2.5%, respectively, for the month. The Nasdaq Composite outperformed, gaining 4.7%.Those gains were driven in part by continued momentum in the artificial intelligence…
Investing is not just a game of giant Jenga. But the pessimistic hedge funds, or the ones who must have shorts on to justify their high fees, as well as their media acolytes who sound so painfully bearish even if they are just trying to sound like informed skeptics, sure make it seem that way when they fixate on the fate of the stock market and the “Magnificent Seven.” The presumption of the gang tackle of articles about the Seven is simple: The market is too heavily concentrated in these seven stocks: Alphabet , Apple, Amazon , Meta Platforms, Microsoft…
U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump says that Chinese President Xi Jinping has given him assurances that Beijing would take no action toward its long-stated goal of unifying Taiwan with mainland China while the Republican leader is in office.Trump said that the long-contentious issue of Taiwan did not come up in his talks with Xi on Thursday in South Korea that largely…
Jasondoiy | E+ | Getty ImagesA recent NBC News poll showed growing frustration among Americans regarding President Donald Trump’s handling of the economy less than a year after entering office.In a poll of 1,000 voters taken between Oct. 25-28, 63% said Trump had fallen short of expectations regarding the economy. Separately, 65% said Trump had fallen short of looking out for the middle class, and 66% expressed the same sentiment for the handling of inflation and the cost of living.Trump’s overall approval rating in the poll has fallen 4 points to 43% since March, while 55% disapprove of the president’s…
Juanma Hache | Moment | Getty ImagesWhile many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. Plus, some non-spouse beneficiaries, commonly adult children, must begin taking required minimum distributions, or RMDs, in 2025 over the 10-year period, or face a hefty IRS penalty. Inherited IRA planning is important amid the “great wealth transfer,” with more than $100 trillion expected to change hands through 2048, according…
Members of the FBI Joint Terrorism Task Force stand in the front yard as they search a home in Dearborn, Michigan, on October 31, 2025.Jeff Kowalsky | AFP | Getty ImagesA Michigan defense lawyer is disputing FBI Director Kash Patel’s allegations that his 20-year-old client and four other young suspects were planning to carry out a terror attack on Halloween weekend.Announcing their arrests on Friday, Patel said more information would be coming soon, however the FBI and Michigan authorities have offered few details about the case. Spokespersons for the state and national FBI and the U.S. Attorney in Detroit did not…
The OPEC logo on the building of the Organization of the Petroleum Exporting Countries.Thomas Coex | Afp | Getty ImagesOPEC+ is set to agree on Sunday on another modest increase in oil output targets, three sources familiar with the talks said, as the producers’ group moderates plans to regain market share due to rising supply glut fears.OPEC+ has raised output targets by more than 2.7 million barrels per day — about 2.5% of global supply — since April but slowed the pace in October and November from larger increases amid predictions of a looming oversupply.New Western sanctions on OPEC+ member…
Millions of Americans are living in fear that they will go hungry due to potential delays in SNAP food assistance benefit payments, even after a federal judge ordered the Trump administration to make payments in November. That’s in a nation where close to $400 billion in food is estimated to be at risk of going to waste every year.ReFED, a U.S.-based nonprofit that focuses on food waste, recently released its 2025 report showing that $382 billion in surplus food was produced in 2023, the most recent year statistics were available.”Forty percent of all food is headed for the bin globally,”…
U.S. Treasury Secretary Scott Bessent speaks as he and U.S. Trade Representative Jamieson Greer hold a press conference on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., Oct. 15, 2025. Ken Cedeno | ReutersSNAP food benefits could restart as early as Wednesday, Treasury Secretary Scott Bessent said on Sunday morning.Two federal judges in Massachusetts and Rhode Island ruled on Friday that the Trump administration must use emergency funds to pay SNAP benefits, which help feed 42 million Americans, during the government shutdown. Judge Jack McConnell of Rhode Island also directed that these be paid out of…
