U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025.Craig Hudson | ReutersNEW YORK — Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates.With markets nervous over Trump’s proposals for tariffs and other issues, Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy amid the high level…
Author: usaeverydaylife
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023.Patrick T. Fallon | AFP | Getty ImagesPalantir is rolling out its first two artificial intelligence-enabled systems to the U.S. Army, the company said Friday.The Tactical Intelligence Targeting Access Node systems, or TITAN, act as a mobile ground station that harness AI to collect data from space sensors to assist soldiers with warfare strategy and improve strike targeting and accuracy, according to Palantir.President and Chief Technology…
INDIAN WELLS, Calif. — For a tournament that bills itself as a tennis paradise, Indian Wells has a tendency to bring some Old Testament elements to the sport in the California desert.The sun that blazes down in the day is replaced with temperatures that can turn frigid at night. In a part of the world that sees rain around 14 days out of 365, a few always seem to land in the first fortnight of March, interrupting play. Last year, bees swarmed the main stadium. This year, the sworn enemy of tennis players at all levels — that rarely stops…
In the packed Paris courtroom, the corporate magnate portrayed himself as a successful business leader who had labored to turn LVMH into the world’s top luxury conglomerate, with 75 brands, including Louis Vuitton and Dior, and 200,000 employees worldwide. When Mr. Arnault first took over the company in the 1980s, it had just 10,000 employees.He denied ever knowing of any illegal surveillance.Mr. Squarcini was tried alongside nine other defendants — mostly civil servants, police officers and consultants. Two of them were found not guilty.As the main defendant in the case, Mr. Squarcini was convicted of myriad offenses, including mishandling classified…
A new documentary titled “Tune Out The Noise” brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors. The film, made by Academy Award-winning documentarian Errol Morris, chronicles the rise of academic finance in the middle of the twentieth century and how it led to a boom in passive investing and to the creation of Dimensional Fund Advisors, which now has more than $700 billion in assets under management. Morris and David Booth, Dimensional chairman and the namesake of the University of Chicago Booth School of Business, spoke to CNBC’s…
Buying stocks with steady profits and a strong competitive edge could provide some protection against the current highly uncertain macro backdrop, according to UBS. Uncertainty around the Trump administration’s new tariff policies have increased volatility in recent weeks. Stocks have seesawed back and forth above the flatline to begin the month, but all three major averages were pacing for a weekly decline as of Thursday afternoon. Against this backdrop of heightened trepidation and unpredictability, UBS screened for potential safe-haven opportunities post the most recent market sell-off. “This screen is designed to identify firms with strong competitive advantages and consistent levels…
Passengers walk through the entrance of a TSA PreCheck in Terminal One at O’Hare International Airport Wednesday, Feb. 1, 2017, in Chicago. (Armando L. Sanchez/Chicago Tribune/Tribune News Service via Getty Images)Armando L. Sanchez | Chicago Tribune | Getty ImagesThe Trump administration said Friday it is ending collective bargaining for about 50,000 Transportation Security Administration officers that staff checkpoints at U.S. airports and other transportation hubs.American Federation of Government Employees President Everett Kelley called the decision “clear retaliation” because the “union has been out in front challenging this administration’s unlawful actions targeting federal workers, both in the legal courts and in…
Michael Astorino recently walked into his favorite campus smoothie shop with two things in mind: an order and an offer. He cued up his laptop and gave the owner a pitch deck presentation, which was meant to benefit his Wesleyan University basketball teammates while also helping drum up business for the store.The deal: If she gave players 50 percent off their smoothies for a limited time, he would create a mini-campaign for her — complete with digital content promoted on social media — in conjunction with Wesleyan hosting games on the first weekend of the Division III men’s basketball NCAA…
U.S. President Donald Trump signs executive orders in the Oval Office of the White House on March 06, 2025 in Washington, DC. President Trump signed a series of executive orders, including lifting 25% tariffs for all goods compliant under USMCA trade agreement.Alex Wong | Getty Images News | Getty ImagesGlobal markets have been rocked by volatility in recent days, as investors try to stay ahead of U.S. President Donald Trump’s tariffs policies.As the White House leader’s long-threatened levies on Canadian and Mexican goods finally came into effect this week, equity markets around the globe were shaken. Stocks on Wall Street…
President Donald Trump listens during a Cabinet meeting at the White House on Feb. 26, 2025.Andrew Harnik | Getty Images News | Getty ImagesThe Trump administration’s purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.The terminations of federal workers by the Trump administration’s so-called Department of Government Efficiency — headed up by billionaire entrepreneur Elon Musk — may ultimately stretch into the hundreds of thousands. That would amount to the largest mass layoff in U.S. history.The scale of cuts would likely “overwhelm”…
