US Senator Alex Padilla, who interrupted the press conference held by U.S. Secretary of Homeland Security Kristi Noem, is removed from the venue, in Los Angeles, California, U.S., June 12, 2025. Aude Guerrucci | ReutersPolice handcuffed Sen. Alex Padilla, D-Calif., and pushed him to the ground Thursday after forcibly removing him from a press conference Homeland Security Secretary Kristi Noem was holding in Los Angeles.Padilla had entered the room and interrupted Noem as she was speaking about her department’s plans to continue deportation efforts in California, even as the Trump administration’s recent immigration enforcement operations have stirred a wave of…
Author: usaeverydaylife
Shares of coffee giant Starbucks (SBUX) have rallied about 20% from a closing low in early April. Now the stock is facing perhaps its biggest hurdle on the road to recovery: the 200-day moving average. Based on our review of the daily and weekly charts, we see a likely pullback scenario before the uptrend phase propels SBUX to even greater heights. Starbucks peaked in early March, making a new swing high even after the S & P 500 and Nasdaq 100 had already pulled back from their own peaks. Over the subsequent weeks, SBUX cratered from a peak around $117…
U.S. President Donald Trump walks with North American Flat-Rolled Segment Senior Vice President and Chief Manufacturing Officer Scott Buckiso, Plant manager of Irvin and Fairless Plant Donald German and Mon Valley Works United Steel Corporation Vice President Kurt Barshick, as he visits U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025.Leah Millis | ReutersPresident Donald Trump said Thursday that the U.S. will have a “golden share” in U.S. Steel after its deal with Japan’s Nippon Steel closes.”We have a golden stock. We have a golden share, which I control, or the president controls,” Trump told reporters in…
CEO of Chime, Chris Britt, center right, rings the opening bell during the company’s initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Andres Kudacki | Getty ImagesChime opened at $43 in its Nasdaq debut on Thursday after selling shares at $27 each in an IPO that valued the online banking company at $11.6 billion.Late Wednesday, Chime raised about $700 million in its offering, and existing investors sold an additional $165 million worth of shares. The stock is trading under the ticker symbol CHYM.Chime’s IPO, from a valuation perspective, represents a big step down…
We are adding two classic defensive plays to our All-Weather Stock List , both tied to industries that can weather any type of economic hiccups: water and tobacco. We launched the All-Weather List in February with the idea that 2025 would be a more volatile year than typical and that’s turned out to be the case. Our strategy of hiding out in stocks that can thrive in any kind of economy continues to work even as the S & P 500 has mostly recovered from the April lows reached in the wake of aggressive tariffs from the Trump administration (that…
Former Representative Billy Long, a Republican from Missouri, speaks during a campaign event for former US President Donald Trump at Simpson College in Indianola, Iowa, US, on Sunday, Jan. 14, 2024. Al Drago | Bloomberg | Getty ImagesThe Senate on Thursday confirmed Billy Long as the next IRS Commissioner, which could mark a shift for taxpayers amid sweeping agency cuts.Picked by President Donald Trump, the former Missouri Congressman’s nomination received mixed support from Washington and the tax community. But Senate Republicans confirmed Long via a party-line vote.During the confirmation process, Long faced Democratic scrutiny over Trump loyalties and ties to dubious tax…
Larry Ellison, Oracle’s co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other topics.Andrew Harnik | Getty Images News | Getty ImagesOracle shares soared 15% on Thursday and headed for a record close…
Macroeconomic uncertainty has UBS coining a new investing acronym and eyeing retail stocks that it says could continue to outperform. The investment bank recommends sticking with Costco Wholesale , O’Reilly Automotive and Walmart — what the firm calls “COW” stocks — saying they’ve already had a strong start to the year and are poised to continue beating the broader market in any economic climate. “During times of uncertainty, we think owning the stocks of best-in-class retailers could provide a measure of safety,” analyst Michael Lasser wrote in a note on Tuesday. “We believe these are among a few retailers well-positioned…
Shoppers browse the frozen food cases at WinCo.Joe Jaszewski | Idaho Statesman | Tribune News Service | Getty ImagesDespite widespread fears to the contrary, President Donald Trump’s tariffs have yet to show up in any of the traditional data points measuring inflation.In fact, separate readings this week on consumer and producer prices were downright benign, as indexes from the Bureau of Labor Statistics reported that prices rose just 0.1% in May.The inflation scare is over, then, right?To the contrary, the months ahead are still expected to show price increases driven by Trump’s desire to ensure the U.S. gets a fair…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJeffrey Sonnenfeld, Yale School of Management professor, joins ‘Money Movers’ to discuss what happens with Boeing after the tragic Air India plane crash Source link
