People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesConsumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a Federal Reserve Bank of New York survey released Monday.The central bank’s monthly Survey of Consumer Expectations showed that respondents saw inflation a year from now at 3.6%, an increase of half a percentage point from February and the highest reading since October 2023.Along with concerns over a higher cost of living came a surge in worries over the…
Author: usaeverydaylife
General Motors may face a tough time going forward as tariff pressures mount, according to Deutsche Bank. Analyst Edison Yu downgraded the automobile maker to hold from buy, citing “structural uncertainty” stemming from the rollout of U.S. tariffs. Yu’s updated price target of $43, down from $58, is roughly 1% below General Motors’ Friday close. GM 1Y mountain GM 1Y chart “At the core, assuming these tariffs are truly permanent, GM will face structural challenges for years. … Should the company decide to onshore, this will naturally lead to lower profitability and higher capex (i.e., in turn less FCF),” the…
Jakub Porzycki | Nurphoto | Getty ImagesNvidia, the AI chipmaker that powers much of today’s AI boom, on Monday announced a push to produce NVIDIA AI supercomputers entirely in the U.S. for the first time.The company said it plans to produce up to $500 billion of AI infrastructure in the U.S. via its manufacturing partnerships over the next four years.”Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency,” CEO Jensen Huang said.The news comes after President Donald Trump, in a push to take on…
White House Council of Economic Advisers Chairman Kevin Hassett speaks with reporters outside the White House in Washington, DC, on March 7, 2025. Anna Moneymaker | Getty Images News | Getty ImagesNational Economic Council Director Kevin Hassett said Monday that “more than 10” countries have made “very good, amazing” trade deal offers to the United States after President Donald Trump imposed steep tariffs on imports from many nations.Hassett also said in a Fox Business interview that there is no chance at all — “100% not” — that the U.S. will experience a recession in 2025.And he denied there was any insider…
Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook “panicked” when making the acquisitions of Instagram and WhatsApp as smartphone use took off.”It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that’s the point at which it resorted to this buy-or-bury scheme where, if it couldn’t outcompete a rival, it either bought them out or cut them off its network,” Khan said on CNBC’s “Squawk Box.”Meta, the parent company of Facebook, Instagram and WhatsApp, begins a trial with the FTC on Monday. The government alleges that the company monopolized the personal social networking market with…
As the Bahrain Grand Prix unfolded and George Russell raced in second place, messages slowly came through on his radio that different systems were failing. Team principal Toto Wolff put it simply: “The car was wounded.”The Mercedes driver suddenly suffered a brake-by-wire failure, and it took time to find the settings to reset the system, Wolff said. He lost the GPS, and he experienced onboard Drag Reduction System (DRS) issues, which led to his race engineer having to tell him over the radio when he could use the system.The fear arose that the Briton “would lose the whole dash —…
President Trump has said Russia’s deadly missile attack on the Ukrainian city of Sumy was “a mistake,” calling it a “horrible thing” even as members of his administration went further with condemnation that served as a rare critique of Moscow while the White House is pushing for a cease-fire.Two ballistic missiles hit the center of Sumy on Sunday morning, killing at least 34 people and injuring more than 100. The attack was the second in just over a week to cause large numbers of civilian casualties in Ukraine, which Kyiv has said shows that the Moscow is not truly interested…
Want to spruce up your resume? Generative AI can help.”It’s just too easy to use tools like ChatGPT or Grammarly … to help you not only with punctuation and grammar but also brevity,” former Google recruiter Nolan Church previously told Make It. And there are ways AI can help you strengthen your LinkedIn profile as well.If you have the premium version of LinkedIn, there’s actually a built-in AI tool to help you create your profile. But if you don’t have that version or simply want to use other tools, here’s what experts recommend.’Provide me with two to three sample professional…
Read Dane Brugler’s 2025 ‘The Beast’ NFL Draft guide.At least beyond Cam Ward, there is no consensus on where each of this year’s crop of quarterbacks may get drafted. After Ward presumably becomes a Tennessee Titan, the rest of the group is a complete mystery. It’s just as likely Ward is the only quarterback we see on Thursday night as it is that four quarterbacks go in the first round.Lucky for us, we’re going to cut through all that uncertainty and play quarterback matchmaker, placing all of this year’s top quarterback prospects on the teams that make the most sense. In some…
A woman stands with a coffee and looks at her phone on U.K. high street. John Keeble | Getty Images News | Getty ImagesBritish retailers have warned that Chinese companies risk flooding the U.K. with low cost goods as U.S. President Donald Trump’s tariffs choke off access to the world’s largest consumer market.The British Retail Consortium said domestic firms had raised alarm about cheaper goods being “rerouted” away from the U.S. and toward other markets in the wake of Trump’s 145% tariffs on China, along with the closure of a key tax loophole for low-cost imports.”Retailers are very concerned about the…
