The American ambassador to Israel has said that it should be up to “Muslim countries” to build a Palestinian state on their territory instead of in the areas that much of the world recognizes as Palestinian lands.If the statements by Ambassador Mike Huckabee are confirmed as representing the U.S. administration’s position, it would be a sharp shift away from decades of American foreign policy on the Israel-Palestinian conflict. A State Department spokeswoman downplayed his remarks.“Muslim countries have 644 times the amount of land that are controlled by Israel,” Mr. Huckabee said in an videotaped interview with the BBC. “So maybe,…
Author: usaeverydaylife
David Paul Morris/Bloomberg via Getty ImagesThe annual inflation rate increased slightly in May as an uptick in grocery inflation somewhat offset lower prices at the gasoline pump.And while inflation was relatively tame, economists said they expect President Trump’s tariff policy to raise consumer prices in coming months — and that there was already some evidence of their impact.The consumer price index, an inflation barometer, rose 2.4% in the 12 months through May, up from 2.3% in April, the Bureau of Labor Statistics said Wednesday.’Calm before the inflation storm’That increase to the annual inflation rate was largely due to a data…
Wall Street analysts are optimistic heading into Oracle’s earnings release Wednesday after the bell. The cloud company is expected to earn $1.64 per share on revenue of $15.59 billion, LSEG said. Shares of the tech company have gained more than 7% this year. However, the highest price target on the Street suggests the stock could rise 13% from Tuesday’s close of $177.48. Most analysts have pointed to its Oracle Cloud Infrastructure, or OCI, business as a key asset in its portfolio. Strong bookings from OCI customers could continue to boost the company’s fundamentals. Here’s what analysts had to say heading…
Out of a universe of more than 10,000 tradable names, a strict technical screen we run at CappThesis recently surfaced just six stocks worth a closer look. One of them is Royalty Pharma (RPRX) , and we think the chart deserves our attention right now. There are four key reasons why RPRX stands out: 1. A bullish inverse head-and-shoulders pattern is nearing completion The first — and most importantly from our perspective — is a bullish inverse head-and-shoulders pattern has taken shape over the past several months. These patterns can mark a trend reversal or continuation of a trend. This…
Musician Brian Wilson performs at Roadside Attraction’s “Love and Mercy” DVD release and music celebration with Brian Wilson at the Vibrato Jazz Club on October 12, 2015 in Los Angeles, California. Kevin Winter | Getty ImagesBrian Wilson, the musical visionary who captured the optimism of early 1960s youth culture as leader of the Beach Boys and crafted some of the most stylistically adventurous pop music of the era with the seminal album “Pet Sounds,” has died, his family confirmed Wednesday.He was 82. His family did not immediately specify a cause of death.”We are heartbroken to announce that our beloved father…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesThe impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy have faded, and that makes the country vulnerable to a downturn in the coming months, according to JPMorgan Chase CEO Jamie Dimon.”I think there’s a chance real numbers will deteriorate soon,” Dimon said at a Morgan Stanley conference on Tuesday, according to a transcript from FactSet.The…
Check out the companies making the biggest moves midday: Oklo — The advanced reactor company surged more than 25% after receiving a notice that it will likely win an award to power an Air Force base. Oklo would deploy one of its Aurora powerhouse plants at Eielson Air Force Base in Alaska. The award is not finalized and Oklo’s reactor design has not been approved by the Nuclear Regulatory Commission yet. GameStop — Shares slipped nearly 5% after GameStop posted first-quarter revenue of $732.4 million, down from the $881.8 million figure seen in the same period a year prior. Bread…
President Donald Trump’s proposal for a new savings account for children with a one-time deposit of $1,000 from the federal government just got an important stamp of approval.At the “Invest America” roundtable at the White House this week, several top CEOs, including Michael Dell and Goldman Sachs chief David Solomon, expressed support for “Trump Accounts,” which are part of the landmark Republican-backed “big beautiful bill” moving through Congress. The executives committed to contributing to the accounts of their employees’ children, and, in Dell’s case, matching the government’s seed money “dollar for dollar.”Still, policy experts and financial advisors question whether the provision is the most…
The Walt Disney logo is displayed on screen during the Walt Disney Studios presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Valerie Macon | AFP | Getty ImagesDisney and Universal joined forces in a lawsuit against artificial intelligence image creator Midjourney, alleging copyright infringement.It is the first AI copyright lawsuit from Hollywood giants.The lawsuit claims that the company used and distributed AI-generated characters from the movie studios like Star Wars, The Simpsons and other films and alleges that Midjourney disregarded requests to stop.The studios included numerous examples in the suit…
The dozen board members of the prestigious Fulbright program that promotes international educational exchanges resigned on Wednesday because of what they said was political interference by the Trump administration in their operations, according to people familiar with the issues and a board memo obtained by The New York Times.The members are concerned that political appointees at the State Department, which manages the program, are acting illegally by canceling the awarding of Fulbright scholarships to almost 200 American professors and researchers who are prepared to go to universities and other research institutions overseas starting this summer, said the people, including Senator…
