FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine’s President Volodymyr Zelenskyy meet at Trump Tower in New York City, U.S., September 27, 2024. Shannon Stapleton | ReutersUkraine and the United States reached an agreement over access to Kyiv’s deposits of rare earth minerals, according to media reports, as Kyiv seeks to reinforce its ties with its key wartime transatlantic ally under the Trump administration.The draft deal envisages that the two countries will jointly develop Ukraine’s mineral resources, including oil and gas, and sees the U.S. drop demands for a right to $500 billion in potential revenue…
Author: usaeverydaylife
The home for sale at 377 Capron Ash Loop in Casselberry is pictured on Wednesday, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty ImagesMortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume dropped 1.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.88% from 6.93%, with points decreasing to 0.61 from 0.66 (including the origination fee) for…
A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty ImagesLowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead.The company said it expects full-year total sales sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion for fiscal 2024. It said it expects comparable sales to be flat to up 1% year over year and earnings per share to range from approximately $12.15 to $12.40.Here’s what the company reported for the…
Optimism around artificial intelligence could mean big gains in Alibaba shares, according to Bernstein. The firm upgraded the stock to outperform from market perform and hiked its price target by $61 to $165. That new target implies 23.1% upside potential as of Tuesday’s close. Shares of the Chinese e-commerce giant have soared more than 50% over the past month since Chinese startup Deepseek low-cost, open-source model rattled U.S. tech stocks in January by raising fears around competition and spending in the artificial intelligence space. On Wednesday, shares rose more than 4% in the premarket after the company announced that it’s…
Mary Barra, CEO, GM at the NYSE, November 17, 2022.Source: NYSEDETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits.GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor. The higher dividend is expected to take effect with the company’s next planned payout, scheduled to be announced in April.Under the $6 billion repurchase plan, $2 billion in buybacks are expected to be completed during the…
Firefighters in Cape Town on Wednesday were battling a wildfire that broke out in Table Mountain National Park and spread overnight toward the city, local authorities said.The wildfire has burned for several days in the Newlands area, high in the mountainous slopes of the park, but strong gusting winds pushed it toward Cape Town’s central business district overnight, fire and park officials said.The size of the fire and the extent of any potential property damage was still being determined, said Edward Bosch, a spokesman for the Cape Town Fire and Rescue Service. But he described the blaze as “extensive.” He…
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom.Nathan Stirk | Getty Images News | Getty ImagesBritish oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 in a fundamental strategic reset following sharp profit declines. “Today we have fundamentally reset bp’s strategy,” BP CEO Murray Auchincloss said in a statement.”We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth, and relentlessly pursuing performance improvements and cost efficiency. This is all in service of sustainably growing cash flow and…
On a good day in February, Debbie Hartlen might sell one Canadian flag at her workshop in Dartmouth, Nova Scotia, where she sells flags. Now, daily sales have hit roughly 300 flags, and that’s not counting her larger online business. President Trump’s plan to impose crippling tariffs on Canadian exports are seen as a devastating threat to many Canadian businesses and workers. His warning on trade — combined with his repeated calls for the United States to annex Canada — have the country’s flag makers struggling to keep up with suddenly soaring demand.“Isn’t it wonderful?,” said Ms. Hartlen, who owns…
A BNSF freight train with 76 container cars and FedEx freight trailers travels from Seattle to points east on August 23, 2021 in Livingston, Montana. (Photo by William Campbell/Getty Images)William Campbell | Getty Images News | Getty ImagesAccording to President Donald Trump, the sweeping U.S. tariffs on imports from Canada and Mexico are coming.The tariffs set to begin next week “will go forward” when a monthlong delay expires, Trump said Monday, and they will begin “on time, on schedule.”If the administration follows through, the impact on economies across the U.S. will be extensive, though it will vary greatly from state to state. Texas and California, which have…
Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing “heavy Tesla obligations.”Anadolu | Anadolu | Getty ImagesIndia has been striving to become a global manufacturing hub, having successfully invited major companies such as Apple to set up as well as expand production in the country.To further bolster its manufacturing prowess, the South Asian nation has been eyeing Tesla to set up its base in the country. And the carmaker that has appeared reluctant for long is now signaling interest in the market as the Indian government attempts…
