Amazon was smart to set the record straight to avoid the unwanted ire of the Trump administration. The news Amazon said Tuesday that displaying tariff surcharge pricing on products was “never approved” and “not going to happen.” The statement came after White House Press Secretary Karoline Leavitt blasted Amazon over a report that such a move was under consideration. “This is a hostile and political act by Amazon,” Leavitt said at a morning news conference. NBC News also reported that President Donald Trump called Amazon founder Jeff Bezos personally to complain about the initial report. Club stock Amazon, which was…
Author: usaeverydaylife
U.S. Commerce Secretary Howard Lutnick speaks to members of the media near the White House in Washington, D.C., U.S., March 13, 2025.Nathan Howard | ReutersCommerce Secretary Howard Lutnick on Tuesday teased that the Trump administration has reached its first trade deal, but said it was not fully finalized and declined to name the country involved.”I have a deal done, done, done, done, but I need to wait for their prime minister and their parliament to give its approval, which I expect shortly,” Lutnick told CNBC’s Brian Sullivan.The stock market rose to its highs of the session following the comments, as…
In a warming world with increasingly extreme weather events, homeowners are turning to backup batteries for relief and peace of mind. But the backup only lasts only so long, and there’s a bigger problem at play: aging power grids.Enter the virtual power plant, managed through a cloud-based system. It’s a fertile market for a number of companies as consumers look for more reliability, especially in areas prone to extreme temperatures and storms.Base Power, headquartered in Austin, Texas, is a virtual power plant and hardware company that provides battery backup to homeowners. The startup manages the batteries, and virtually controls the…
A man accused of wounding two women with a crossbow in the British city of Leeds on Saturday has died of a self-inflicted injury, the police said on Tuesday.The suspect, Owen Lawrence, 38, died in the hospital where he was taken after his arrest at the scene of the attack, the counterterrorism police said in a statement.The two women, ages 19 and 31, were seriously injured, the authorities said. One was released from the hospital a day after the attack, but the other remained hospitalized on Tuesday after undergoing surgery for life-threatening wounds, they said.The police said they were still…
A trader works on the floor at the New York Stock Exchange in New York City, U.S., April 28, 2025. Brendan McDermid | ReutersPeriods of extreme volatility in the stock market may feel painful for investors — but such periods are generally followed by strong stock returns, if history is a guide, according to market analysts.In that sense, many investors would be wise not to sell stocks — and should perhaps even buy more, analysts said.The VIX index, also known at the Wall Street fear gauge, measures the market’s estimate of expected volatility in the S&P 500 stock index.When the…
Northrop Grumman Corp (NOC) plunged after missing earnings expectations last week. While this was definitely material news, a look at the three-year weekly chart shows the stock finding solid footing around the $450 multi-year support level — and it’s already starting to show signs of a rebound. Even though several analysts have trimmed their ratings, the median price target still sits at $545 — a lot higher than where NOC is trading right now. Also worth noting: Northrop is part of the industrials sector, and a quick glance at XLI — the Industrials Select Sector SPDR ETF — shows that…
Courtesy: Gilead SciencesGilead Sciences agreed to pay $202 million to the U.S. government and various states to settle claims the drugmaker used speaker programs to pay kickbacks to doctors to induce them to prescribe Gilead’s expensive antiretroviral medications to patients with HIV, prosecutors announced Tuesday.Gilead gave the money to doctors who spoke at the events in the form of honoria payments, meal and travel expenses, according to the U.S. Attorney’s Office in Manhattan.In return, the company sought to induce those doctors to prescribe the company’s drugs, which include Biktarvy, Stribild, Genvoya, Complera, Odefsey and Descovy, the office said.The arrangement, which…
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021.Source: NYSEFintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector.Shift4 Payments and Upstart Holdings surged following upbeat news, while PayPal shares were slightly higher despite delivering a strong earnings beat.Shift4 shares rose more than 10% after the company reported better-than-expected first-quarter results and raised its full-year guidance.Shift4 reported adjusted earnings of $1.07 per share, above the LSEG expectation of 71 cents per share. Sales in the first quarter of $848 million were below the consensus…
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025.Mandel Ngan | Afp | Getty ImagesTreasury Secretary Scott Bessent said Tuesday that the U.S. could be closing in on a trade deal with India, and that negotiations with the country “are moving well.””I think that we are very close on India,” Bessent said during a White House press briefing on President Donald Trump’s 100th day in office.The White House has also had “substantial talks” with Japan over a possible trade deal and “the…
Check out the companies making headlines in midday trading: Spotify — Shares of the music streaming company lost 3.8% on the back of disappointing results. Spotify reported first-quarter operating income of 509 million euros, while analysts polled by FactSet expected 519.9 million euros. Spotify’s revenue of 4.2 billion euros was in line with estimates, while its monthly active users of 678 million met the company’s guidance. General Motors — Shares ticked down 2% after the automaker said it was reconsidering its full-year outlook due to concerns over tariffs and macroeconomic uncertainty. That admission overshadowed a better-than-expected earnings report for the…
