Author: usaeverydaylife

Firefighters had brought wildfires on the outskirts of Jerusalem under control on Thursday after battling the blazes for a second consecutive day, according to Israel’s fire and rescue service.The authorities reopened the main highway between Tel Aviv and Jerusalem and allowed evacuees to return to their homes in Israel and the Israeli-occupied West Bank.“Control has been declared over the big fire,” the fire and rescue service said in a statement Thursday evening.Earlier on Thursday, with winds forecast to pick up, firefighters raced to extinguish the fires, said Tal Volvovitch, a spokeswoman for the fire and rescue service.The exact cause of…

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Check out the companies making headlines in midday trading. Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance for the current period. Wayfair — The online home goods store gained nearly 2% after first-quarter results beat Wall Street’s estimates on the top and bottom line. Wayfair notched an adjusted 10 cents per share on revenue of $2.73 billion, while analysts polled by LSEG…

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Big Tech companies are continuing to spend on artificial intelligence infrastructure and data center buildouts, quieting concerns about their growth and reviving investor sentiment in other parts of the AI market. Quarterly results from Microsoft and Meta released on Wednesday indicated that both giants are maintaining their AI spending plans despite the threat of tariffs, which could raise costs for data center parts that come from overseas. Wall Street cheered the results as both stocks rallied. “Contrary to investors’ worries of slowing capex, it appears that spending for AI continues to be unabated,” Citi analyst Christopher Danely wrote in a…

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For years, an unsettling pattern has cast a cloud over Wall Street. Companies with spinoff plans often see their stocks lag in the runup to the completed deals. In investment circles, the phenomenon is known as spin purgatory. And, the CNBC Investing Club’s 29-stock portfolio has not been immune to this. Take Club stock DuPont , it has had an overall lackluster performance since the specialty chemicals giant unveiled plans nearly one year ago to split into three separately-traded companies — electronics and water, with the new DuPont keeping the health care and mobility portfolios. While DuPont initially rose following…

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National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. This week marks the first 100 days of U.S. President Donald Trump’s second term. Andrew Harnik | Getty Images News | Getty ImagesNational security advisor Mike Waltz is expected to leave his post in the Trump administration on the heels of controversy over his creation of a Signal messaging app group that was used to discuss U.S. military plans in March.Deputy national security advisor Alex Wong is also expected to leave his job,…

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Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft said Thursday that it has increased the recommended retail prices of its Xbox video game consoles and some controllers globally due to “market conditions.”The announcement, which also affects some new first-party games, means consumers will be paying more for consoles this holiday season as they reckon with higher costs from President Donald Trump’s sweeping tariffs on imports. “We understand that these changes are challenging, and they were made with careful consideration…

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South Korea’s Finance Minister Choi Sang-mok attends a joint press conference on South Korea’s post impeachment situation in Seoul on December 18, 2024. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images)Jung Yeon-je | Afp | Getty ImagesSouth Korea’s top court cast doubt on Thursday on frontrunner Lee Jae-myung’s eligibility to run for the presidency, while the resignations of the prime minister and finance minister shook the interim government in place since December’s martial law.Education Minister Lee Ju-ho took over as acting president, the third since the martial law decree, ahead of the June 3 snap…

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(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Today we are highlighting Spotify (SPOT) , the Netflix of music because it is dominant, defensive and growing. Spotify has been on our list for 26 weeks. There are 20 stocks in the communication sector that trade on the New York Stock Exchange with a market capitalization of $10 billion or greater. Spotify has the best return year-to-date out of all 20, up more than 34%. It’s also the second-best performer the past year, up 108%, following Reddit…

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Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCMicrosoft shares popped 9% Thursday after the software giant issued strong guidance, and robust cloud growth drove a top-and-bottom line beat in the third quarter.Shares are on pace for their best day since March 2020.Azure revenues topped estimates, growing 33% year over year. Microsoft attributed 16 points of that growth to artificial intelligence. Analysts polled by StreetAccount and CNBC had anticipated 30.3%.”Clearly, the macro environment remains a wild card, but with Azure back in ‘beat/raise’ mode,…

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First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025.Patrick T. Fallon | AFP | Getty ImagesThe U.S. is working with L3Harris Technologies to modify a used Qatari government jumbo jet in what could become a new presidential plane, according to a person familiar with the matter.The work comes after President Donald Trump earlier this year expressed frustration about delays in modification work from…

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