Israel launched airstrikes on Syria on Wednesday and threatened to strike government forces there if clashes persisted between pro-government fighters and militiamen from the Druse minority.Wading into the latest eruption of sectarian violence in the country, the Israeli military said its aircraft had struck a group of “operatives” accused of having “attacked Druse civilians” in spreading violence around the outskirts of the capital, Damascus.It did not identify the operatives, but pro-government Islamist fighters have been locked in fierce clashes in the area with Druse militiamen for two days. Earlier, the Israeli government said its forces had targeted members of an…
Author: usaeverydaylife
All of the upside potential from artificial intelligence demand for Nvidia may already be priced into the stock, according to Seaport Research Partners. The firm initiated research coverage of the market bellwether and AI darling with a rare sell rating on Wednesday, alongside a $100 per share price target. Seaport’s forecast implies more than 8% downside from Tuesday’s $109.02 close. Shares have pulled back more than 21% in 2025, and are almost 31% below the January all-time high, a stark contrast to the massive runup Nvidia saw in the heyday of the AI boom. Jensen Huang’s company soared 239% in…
Mohsen Mahdawi speaks at a protest on the Columbia University campus on November 9, 2023 in New York City. Mukta Joshi | Getty ImagesColumbia University student Mohsen Mahdawi is free on bail after a judge ordered his release from federal immigration custody on Wednesday, weeks after armed DHS agents detained him in Vermont during his naturalization interview.Mahdawi, a 34-year-old U.S. permanent resident who was born and raised in a refugee camp in the West Bank, was detained April 14 and had been held at an Immigration and Customs Enforcement facility, the Northwest State Correctional Facility, in St. Albans, Vermont.”I am…
White House trade advisor Peter Navarro brushed off concerns Wednesday about the unexpected drop in U.S. gross domestic product last quarter, saying, ‘We really like where we’re at now,” and pointing to a surge in new domestic investment.”I got to say just one thing about today’s news, that’s the best negative print I have ever seen in my life,” Navarro said on CNBC’s “Squawk on the Street” after the Commerce Department reported that GDP fell at a 0.3% annualized pace in the first quarter of 2025.”The markets need to, like, look beneath the surface of that” figure, said Navarro, an ardent…
Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025.David RyderMicrosoft is set to report fiscal third-quarter results after market close on Wednesday.Here’s what analysts are looking for, according to a consensus from LSEG:Earnings per share: $3.22Revenue: $68.42 billionThe revenue projection implies annual growth of 10.6%, which would be the slowest rate in two years. The past quarter will be important, but investors will be more focused on what Microsoft CEO Satya Nadella says about business prospects for the rest of the year given President…
A home is seen for sale on April 24, 2025 in Austin, Texas. Brandon Bell | Getty ImagesMortgage rates didn’t move much last week, but homebuyers continued to pull back amid concerns over the broader economy.Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was just 3% higher than the same week one year ago, even though interest rates last year were considerably higher.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.89%…
Attendees arrive at the auditorium of the CHI Health Center during the Berkshire Hathaway annual meeting in Omaha, Nebraska, US, on Saturday, May 6, 2023. David Williams | Bloomberg | Getty ImagesFor decades, Berkshire Hathaway’s annual meeting — Warren Buffett’s “Woodstock for Capitalists” — has attracted foreign investors traveling to Omaha, Nebraska, sometimes from thousands of miles away. This year, their international trip has a new wrinkle to it.Xin Jin, a Chinese investor in Guangzhou, wanted to pay his second visit to Omaha this May but international travel in the current political climate worried him. In 2012, he poured half his assets…
Chuck Smith monitors the manufacturing process of the series 6 solar panels during a tour of a First Solar plant in Walbridge, Ohio, on Oct. 6, 2021.Dane Rhys | ReutersFirst Solar shares plunged Wednesday, after CEO Mark Widmar said the scale and depth of President Donald Trump’s tariffs were unexpected and pose a “significant economic headwind” to the company’s manufacturing facilities.Widmar said the implementation of new trade policies by Trump was viewed by First Solar as a possibility, but the tariffs imposed by the president earlier this month have “introduced significant challenges to 2025 that were not known at the…
GE HealthCare reported better-than-expected first-quarter results on Wednesday, but the company slashed its annual forecast to account for the impact of President Donald Trump’s far-reaching reciprocal tariff policy.Shares of GE HealthCare were up 3% Wednesday.Here’s how the company did:Earnings per share: $1.01 adjusted vs. 91 cents expected by LSEG.Revenue: $4.78 billion vs. $4.66 billion expected by LSEG.Revenue increased 3% year over year from $4.65 billion. GE HealthCare reported net income of $564 million, or $1.23 per share, up from $374 million, or 81 cents per share, during the same period last year.For its full year, GE HealthCare said it expects to…
Britain’s military carried out a joint operation with U.S. forces against the Houthi militia in Yemen, officials said on Wednesday, in the first such strike since President Trump re-entered the White House and stepped up attacks on the Iran-backed group.There was no immediate comment from the American military about the operation, which the British Defense Ministry said early Wednesday was carried out overnight “to degrade Houthi capabilities and prevent further attacks against U.K. and international shipping.”Typhoon jets using precision guided bombs took part in the mission, the ministry said in a statement, adding that the strike took place “after dark”…
