U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesNvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect.”American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in ‘baby bumps’ or ‘alongside live lobsters,’ ” a spokesperson for Nvidia said. Anthropic, the AI startup…
Author: usaeverydaylife
Transgender women will be barred from playing for women’s soccer teams in England from June 1, the Football Association, the sport’s governing body in the country, said on Thursday.In a statement, the Football Association, known as the F.A., said that it had changed its policy as a result of a Supreme Court ruling last month, which said that Britain’s equality laws were based on “biological sex” and that trans women did not fall within the legal definition of women.The F.A. is the latest body to update its policies as a result of the judgment, which all public and private bodies…
Akos Stiller/Bloomberg via Getty ImagesGold returns are shining — but investors holding gold exchange-traded funds may get hit with an unexpectedly high tax bill on their profits.The Internal Revenue Service considers gold and other precious metals to be “collectibles,” similar to other physical property like art, antiques, stamps, coins, wine, cars and rare comic books.That’s also true of ETFs that are physically backed by precious metals, according to tax experts.Here’s why that matters: Collectibles generally carry a 28% top federal tax rate on long-term capital gains. (That rate applies to profits on assets held for longer than one year.)By comparison,…
Amid a volatile market, Jefferies is taking a contrarian position on some stocks. The S & P 500 ended April down 0.8% after several dramatic swings that followed President Donald Trump’s reciprocal tariffs rollout on April 2. Companies have been scrambling to deal with the impact on their supply chains, and investors are looking to assess the fallout. Jefferies highlighted some of the stocks where its view is outside the mainstream compared with the rest of Wall Street. Here are some of the names on the list: Three of the stocks on the firm’s list are consumer names: e.l.f. Beauty…
Passengers board an aircraft, operated by Ryanair Holdings, on the tarmac at London Stansted Airport, in Stansted, U.K., on Nov. 6, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesRyanair on Thursday threatened to cancel orders for hundreds of Boeing aircraft if a U.S.-led tariff war leads to materially higher prices, and said it could look at alternative suppliers, including Chinese planemaker COMAC.The threat by Europe’s largest low-cost carrier and one of Boeing’s biggest customers was the latest sign of a potential reordering of the global aerospace industry if U.S. President Donald Trump does not exempt the sector from his tariff plans.But…
The minerals deal signed between the United States and Ukraine on Wednesday could bring untold money into a joint investment fund between the two countries that would help rebuild Ukraine whenever the war with Russia ends.But Ukraine’s untapped resources that are the subject of the deal will take years to extract and yield profits. And those could fail to deliver the kind of wealth that President Trump has long said they would.It is not yet clear how the nine-page deal, the text of which Ukraine’s government made public on Thursday, will work in practice. Many specifics need to be worked…
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesAs he exits his efforts to curtail wasteful government spending, Elon Musk is taking one last shot, calling into question the $2.5 billion Federal Reserve building renovation.In a rare interview with print reporters, the initiator of the Department of Government Efficiency advisory board said the price tag for the central bank operation “sounds high.””I mean, what do you get for two and a half billion dollars in redecorating? Must be incredible,” the Tesla CEO said.The Fed began…
Here are the biggest calls on Wall Street on Thursday: JPMorgan reiterates Qualcomm as overweight JPMorgan says the chip giant is resilient following earnings on Wednesday. “Qualcomm delivered robust results against +an otherwise challenging backdrop for the smartphone market helped not only by robust content growth in Android premium smartphones but also strong results in both IoT and Automotive.” Truist upgrades ServiceNow to buy from hold Investors should buy the dip in ServiceNow, the firm said on Thursday. “We are upgrading our rating to Buy from Hold on ServiceNow shares, as we believe that the company will continue to consolidate…
A Kohl’s store in Pleasant Hill, California, US, on Monday, Nov. 25, 2024. Kohl’s Corp. is expected to release earnings figures on November 26. Bloomberg | Bloomberg | Getty ImagesDepartment store chain Kohl’s said on Thursday it has removed Ashley Buchanan from the post of chief executive officer after an investigation uncovered company policy violations by him.The move comes five months after Buchanan was appointed to the top job in November, replacing Tom Kingsbury.A board investigation found Buchanan directed the company to engage in vendor transactions that involved undisclosed conflicts of interest, Kohl’s said.This story is developing. Please check back…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta Platforms shares jumped more than 6% Thursday after the company topped earnings expectations and showed advertising resilience in a murky macroeconomic environment.”Key here is that Meta’s adv. demand trends appear to be relatively healthy and while we’re watching for any impacts from macro and lower spend from China-based advertisers given the de minimis change, Meta’s scale of users and advertisers + focus on newer products are offsetting some macro challenges,” wrote Citi’s Ronald Josey.First-quarter revenues…
