Lynn Martin, NYSE President, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBC The great American entrepreneur Henry Ford once said, “The only real security that a man can have in this world is a reserve of knowledge, experience and ability.” In surveying the recent volatility in global financial markets from my perch as president of the New York Stock Exchange, I believe this notion remains as true today as it did 100 years ago.After 233 years, the New York Stock Exchange remains the beating heart of the global financial system.…
Author: usaeverydaylife
It was another weekend of head-spinning news, but we are no closer to figuring out what the right level should be for stocks. The good news is that while President Donald Trump has a higher pain threshold than most thought, there is a pain threshold, and the tariff exemption on the electronics industry means that a tech earnings collapse is far less likely. The bad news is that trade policy is now completely dependent on day-to-day negotiations and mood swings, which makes it very difficult to argue for any kind of serious rally, and stagflation worries are not going away.…
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran’s Foreign Minister Abbas Araghchi speaking to AFP during an interview at the Iranian consulate in Jeddah on March 7, 2025.Evelyn Hockstein | Amer Hilabi | AFP | Getty ImagesDUBAI, United Arab Emirates — Talks between U.S. President Donald Trump’s administration and Iran’s government on a potential renewed nuclear agreement began on a positive note over the weekend, representatives of both countries said, despite enduring…
Kena Betancur | Corbis News | Getty ImagesPfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial. The patient did not experience any liver-related symptoms or side effects, a Pfizer spokesperson said in a statement. They added that the patient’s liver enzymes “recovered rapidly” after they stopped taking the pill, which is an oral GLP-1 drug called danuglipron. The statement suggests that the patient’s liver enzymes were elevated, which often indicates damage to cells in the organ and is…
It could be hard for Stellantis to make a rebound after its recent sell-off, according to UBS. Analyst Patrick Hummel downgraded Stellantis to neutral from buy and lowered his 12-month price target from about $18 to roughly $10. His new target suggests about 13% possible upside for the stock, which has plummeted more than 28% over the past month and 32% year to date on tariff concerns. The analyst is losing confidence in the automaker as auto tariffs remain a risk to global demand, saying that it’s “impossible to be confident on U.S. turnaround in an auto tariff world.” “Without…
Apple looks slightly more attractive now that smartphones have been exempt from President Donald Trump’s sweeping U.S. tariffs, according to KeyBanc Capital Markets. Analyst Brandon Nispel upgraded Apple to sector weight from underweight and kept his $170 price target on the stock, after lowering it just last week. That target implies a 14.2% decrease from Apple’s latest close. Nispel thinks Trump’s new guidance removes meaningful risks the iPhone maker was facing when investors were bracing for an escalating global trade war and further retaliation from China. Trump’s latest announcement erased the added tariffs of 145% on several electronics devices and components made…
As Ukraine contends with a war raging on its eastern front and Russian attacks on its cities, one lawmaker is working on something that he says could help the nation: legalizing pornography.Yaroslav Zhelezniak, deputy chairman of the Ukrainian Parliament’s finance committee, is leading a push to ditch what he sees as outdated Soviet-era legislation that bans the possession, production and distribution of pornography.Doing so, he said, would remedy what he and people making pornographic content say is an unfair contradiction.Violations of Ukraine’s laws on pornography — Article 301 of the criminal code — are punishable by three to five years…
1. Return the carThe simplest way to get out of a car lease is to just return the car to the dealer. You’ll have to pay an early termination fee, however, usually a set dollar amount plus the difference between the balance on your lease and the car’s market value. Be sure to calculate whether the fee would be more than your remaining monthly payments.2. Transfer the leaseIf you can’t afford the termination fee, you can also transfer the lease to someone else if the terms of your lease contract permit it.Sites like Leasehackr, Swapalease and Leasetrader will let you…
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China.Pool | Getty Images News | Getty ImagesChinese President Xi Jinping said that there are no winners in a trade war and warned against protectionism.The comments come ahead of his state visits to three Southeast Asian countries from April 14 to 18: Vietnam, Malaysia and Cambodia. Xi’s visit to Vietnam began on Monday and will end on Tuesday.In an exclusive article for Nhan Dan, the official newspaper of Vietnam’s Communist Party,…
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a “challenging economic environment” behind its move.In Europe, the PS5 Digital Edition will now cost 499.99 euros ($569.9), Sony said in a blog post on Sunday. That is up from a previous price of 449.99 euros. The company said the U.K. recommended retail price is £429.99, a rise from the previous price of £389.99.There is no price increase for the PS5 with HD Blu-ray disk drive in Europe and the U.K,…
