U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | ReutersU.S. importers and their customers are about to experience the full force of President Donald Trump’s unprecedented use of emergency economic powers.To that point, 25% tariffs on imports from America’s top two trading partners, Canada and Mexico, went into effect at midnight Tuesday, as did an additional 10% tariff on Chinese imports. Canadian energy will be tariffed at a lower rate of 10%, also as of…
Author: usaeverydaylife
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty ImagesStock Chart IconStock chart iconNYSE Arca Airline Index versus the S&P 500Airlines, especially full-service carriers with big international networks, had been a bright spot thanks to strong demand and moderating domestic flight growth, but some analysts are now anticipating potential demand impacts, particularly for more price-sensitive customers ahead of the crucial spring travel season.U.S. consumer spending fell in January for the first time in almost two years, the U.S. Commerce Department said last week. Earlier in February,…
The Champions League gets serious this week as the round of 16 begins.To get to this point, 160 games have been completed — now there are just 29 left to play. But those 29 are the most consequential matches of the competition, the moments when each team’s key players must step up and perform.But who should we be keeping an eye on? The superstars, sure, but you can’t land the European Cup with stellar names alone. Who are the key figures who have been excellent in the 2024-25 season without generating as many headlines as they should have? (And yes,…
Samsung’s extended reality ‘Project Moohan’ headset on display at the Mobile World Congress 2025 in Barcelona.Arjun Kharpal | CNBCSamsung will launch its extended reality headset this year, a spokesperson for the company told CNBC on Tuesday.The device, dubbed Project Moohan, is Samsung’s answer to Apple’s $3,500 Vision Pro, which was launched last year.Samsung teased the headset last year but put it on display for the first time globally at this year’s Mobile World Congress in Barcelona.Samsung refers to the product as “extended reality” or XR device which aims to merge the digital and physical world. However, there are currently few…
U.S. President Donald Trump’s recent levies could eradicate the profits of “Big Three” automakers General Motors , Ford and Stellantis , according to Barclays. On Tuesday, the president’s 25% tariffs on goods imported from Canada and Mexico took effect, along with an additional 10% tariff on goods from China. All three countries have since said they’ll impose retaliatory tariffs . “While it’s generally understood that a blanket 25% tariff on any vehicles or content from Mexico or Canada could be disruptive, it may be underappreciated how disruptive this could be,” analyst Dan Levy wrote in a Tuesday note. “In short,…
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025.Saul Loeb | Via ReutersTechnology stocks have slumped more than 7% since President Donald Trump took office in January, with new tariffs setting off a trade war and adding fuel to the risk-off sentiment on Wall Street.Economists warned the tariff spat could spike inflation and send shockwaves worldwide, prompting investors…
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales.The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S. reportedly halted military aid to Ukraine, increasing pressure on the bloc to take action.”It sounds logical for Europe to take its destiny in its own hands and build, if needed, more and more capacity in terms of engineering, R&D, industry,” Thales CEO Patrice Caine told CNBC’s…
In January, Toyota said its mobility software subsidiary “Woven by Toyota” was investing $44 million into Japanese rocket maker Interstellar Technologies. Rival Honda has been developing a proprietary reusable rocket since 2019 to launch low-earth orbit satellites to space. Chinese automaker Geely Holding Group, a Tesla competitor, has invested $326 million to manufacture its own satellites.”What are those satellites going to be used for and what are they already being used for?” said Micah Walter-Range, president of consulting firm Caelus Partners. “Some of it is for improving navigation services for cars. Some of it’s for mapping. If you think about…
The last 12 months for Sabrina Ionescu have been like a movie.Last February, she lit up the NBA All-Star stage in a one-on-one 3-point shootout with her role model and friend Steph Curry of the Golden State Warriors. In June, the Sabrina 2 dropped, the second edition of her signature Nike shoe — embraced by men and women hoopers. In August, she won a gold medal in the 2024 Olympic Games in Paris. In October, she won a WNBA championship with the New York Liberty, a run that included an epic game-winning 3-pointer in Game 3.Now, she’s a team owner.…
Arab leaders convened for an emergency summit in Cairo on Tuesday, facing pressure to come up with something that has proved elusive for decades: a comprehensive Arab vision for Gaza, just as the Israel-Hamas cease-fire is teetering and Israel, buoyed by President Trump’s backing, holds the upper hand.“Arab Summit: Rescue mission,” read a stark headline on Saturday in Al Ahram, Egypt’s state-owned flagship newspaper, over an article outlining the “uphill task” facing Arab leaders.The delegates were expected to ratify an Egyptian proposal that would involve spending $53 billion to rebuild Gaza without, as Mr. Trump has suggested, moving Palestinians out…
