A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty ImagesTesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas.The production stoppage begins June 30, Business Insider reported, citing a staff meeting where the announcement was made. The pause, which is for maintenance on production lines, would be the third such shutdown at the Austin facility in the past year, according to BI.Tesla is tentatively launching the robotaxi in…
Author: usaeverydaylife
Vitranc | E+ | Getty ImagesOne provision in Republicans’ “big beautiful” bill would narrow the relief options for struggling student loan borrowers. House and Senate Republicans both call for the elimination of both the economic hardship and unemployment deferment.Those deferments allow federal student loan borrowers to pause their monthly bills during periods of joblessness or other financial setbacks, often without interest accruing on their debt.Less attention has been paid to the GOP plan to do away with the deferments than its proposals to eliminate several student loan repayment plans and to establish a minimum monthly payment for borrowers.The House advanced…
Equity bears are growling, and bulls are sharpening their horns. I see an imminent retest of the S & P 500’s all-time high as a market melt-up seems to be underway. I want to use options to carefully capture another leg up after the SPDR S & P 500 ETF Trust (SPY) has bounced 21% since “liberation day” lows back in April and geopolitical tensions ratchet up. In the wake of President Donald Trump announcing his surprising trade tariff plans back in April, there were calls for a recession, a repeat of Black Monday and hyper-inflation. In addition, a cackle…
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.Streaming represented 44.8% of total TV viewership in May, its largest share to date, while broadcast (20.1%) and cable (24.1%) combined represented 44.2% of TV viewing, according to Nielsen’s The Gauge monthly report.Compared with this time four years ago, when Nielsen started its monthly reports, streaming has skyrocketed 71%, while broadcast and cable viewing have declined 21% and 39%, respectively, according to Nielsen.”While many have expected this milestone to occur sooner, sporting events, news and new season content have kept broadcast…
Thomas Fuller | Lightrocket | Getty ImagesReddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools.The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an engine called Reddit Community Intelligence that turns “posts and comments into structured intelligence.”Reddit announced a “listening tool” called Reddit Insights, which shares real-time insights with marketers to help them identify trends and launch campaigns. The other tool, called Conversation Summary Add-ons, allows brands to show “positive” user…
Investors are really pumped about the future of international stocks. Bank of America’s latest fund manager survey showed investors expect equities outside the United States will prove the best-performing asset class over the next five years. “Less than [one quarter] think U.S. assets will continue to dominate ranked returns, and just 5% anticipate bonds to perform best,” strategist Michael Hartnett wrote. The rest of the world is trouncing the U.S. stock market this year. The iShares MSCI All-Country World Index ex-U.S. ETF ( ACWX ) is up 15% in 2025, far outpacing the S & P 500’s 2.6% advance. That…
Truist Securities sees a rosy outlook ahead for Etsy . The investment firm maintained its buy rating on the e-commerce retailer, but lifted its price target to $60 per share from $55. This updated forecast is roughly 11% above Etsy’s Monday closing price of $53.89. Shares of Etsy have risen nearly 2% this year. ETSY YTD mountain ETSY YTD chart As a catalyst, analyst Youssef Squali pointed to Truist card data, which has revealed that Etsy’s 2025 marketplace revenue is tracking ahead of consensus estimates for the quarter. As a result, the analyst has raised his revenue estimate for the…
Homes under construction at the Toll Brothers Preserve at Folsom Ranch community in Folsom, California, US, on Thursday, March 6, 2025. TBloomberg | Bloomberg | Getty ImagesHigher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders.Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative. The index stood at 43 in June 2024.Analysts had been expecting a slight improvement, given recent tariff negotiations and pullbacks by the Trump administration.This…
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.Kevin Carter | Getty ImagesJetBlue Airways CEO Joanna Geraghty told staff that the carrier is implementing a host of new cost cuts as softer-than-expected travel demand is making break-even operating margins this year unlikely.”We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we’ve lost this year and our path back to profitability will take longer than we’d hoped. That means we’re still relying on borrowed cash to keep the airline running,” Geraghty said in a…
Hong Kong SkylineNikada | E+ | Getty ImagesRegencell Bioscience Holdings, an early-stage, Hong Kong-based bioscience company with no revenue, is the latest speculative overseas stock to attract an unusual surge in trading demand.Shares of Regencell, which says it develops traditional Chinese herb treatments to treat childhood attention deficit hyperactivity disorder and autism, more than tripled on Monday — soaring more than 280% by the close. A 38-for-1 split declared on June 2 took effect on Monday. The company’s year to date performance is off the charts too, having risen 46,000% in 2025. By Monday’s close, Regencell, founded in 2014 and…
