Apple will need to hike prices by around 9% to mitigate the impact of tariffs put into place by President Donald Trump, according to Bank of America. The firm projected that the tech giant will have to increase prices on iPhones, iPads and other products by that amount, with the assumption that all of the products will be subject to at least a 10% tariff. Analyst Wamsi Mohan warned that the company’s earnings could take a hit no matter how it responds. Wamsi’s analysis comes as Wall Street and Main Street alike scramble to predict the ramifications of Trump’s sweeping…
Author: usaeverydaylife
While the “Magnificent Seven” helped lead the market higher in 2024, accounting for more than half the S & P 500’s 23.3% gain, there are some stocks investors should eye for 2025 instead, according to Piper Sandler. “Even though the Magnificent 7 are some of the most successful companies in the world, they don’t outperform every single year,” Piper Sandler analyst Michael Kantrowitz wrote in a Monday note. “So far in 2025, only META is significantly leading the S & P 500 and 4 of the Mag 7 stocks are in the red YTD.” Meta Platform shares have risen more…
Check out the companies making headlines in midday trading: Analog Devices — Shares gained 8% after the semiconductor manufacturing company beat earnings and revenue expectations and management signaled a “return to growth” for the 2025 fiscal year. Analog Devices reported adjusted earnings of $1.63 per share on revenue of $2.42 billion, while analysts polled by FactSet expected earnings of $1.54 per share on revenue of $2.36 billion. Quantum stocks — Quantum stocks rallied on Wednesday following Microsoft ‘s release of its first quantum computing chip , Majorana 1. In the news release , Microsoft said =the reveal showed that “quantum…
NYC Mayor Eric Adams speaks during a press conference with NYPD Commissioner Jessica Tisch at Bellevue Hospital Center on Feb. 18, 2025 in New York City.Michael M. Santiago | Getty ImagesA top Department of Justice official on Wednesday offered a new rationale for the DOJ’s controversial decision to ask a federal judge to dismiss its criminal corruption case against New York City Mayor Eric Adams.DOJ Chief of Staff Chad Mizelle in a series of 20 tweets questioned the legal theories used by prosecutors in the Manhattan U.S. Attorney’s Office to obtain an indictment against Adams last year.”The case against Mayor…
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.The funding round values Baseten at $825 million and demonstrates that venture capitalists believe tech’s AI boom stands to benefit a plethora of startups, not just those building large language models. In recent months, OpenAI, Anthropic and xAI have raised billions in funding, with much of the money going toward servers containing Nvidia graphics processing units, or GPUs.After companies finish training AI models on reams of data, they need to deploy those models somewhere at the inference…
BOSTON — When Drew Doughty got his first taste of best-on-best hockey, he was the youngest member of Team Canada at the 2010 Vancouver Olympics, and things didn’t start so well for him.Naturally, it was a conversation with one of the “veterans” that helped him reverse course and turn the event into a career-shifting experience.Never mind that the player was just two years, four months and one day older than Doughty. It was the type of player who was born a veteran.It was Sidney Crosby.“He was young,” Doughty recalls, “but I remember after one of our first practices I was…
Meta’s impressive 20-day winning streak rightfully drew a lot of attention — until it abruptly ended Tuesday. Ranking among the longest in history for any stock, its streak was bound to end at some point. Now that it has, the key question is: what happens next? First, let’s acknowledge the obvious—there are no clear near-term support levels right now. This could be frustrating for investors who have been waiting for a dip. Typically, when buying weakness, we have at least one reference point to lean on, but META is currently in “support discovery” mode. We typically use that term when describing stocks in…
There’s a new scorecard by which to measure President Donald Trump ‘s economic prowess, according to Gavekal Research. Roughly one month into Trump’s return to the White House, the president’s economic goals are taking shape, notably across three key measures that have been elevated: long-dated Treasury yields, the U.S. dollar and oil prices. Theoretically, a suppression across those three measures should drive a surge in U.S. economic growth, which is what Trump is seeking, but that could be more challenging than anticipated, wrote Louis-Vincent Gave, CEO at Gavekal Research. “These three goals are understandable. An environment of low yields, low…
A SolarEdge Technologies logo is seen on a smartphone and a PC.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesSolarEdge shares surged more than 28% on Wednesday despite posting a steep fourth-quarter loss of $287 million.Results were sharply down year over year, but “exceeded the Street’s very low expectations as well as our numbers,” Guggenheim Securities analyst Joseph Osha told clients in a Wednesday note.”The company also managed to generate positive free cash flow as SEDG continued to draw down inventory and trade receivables,” Osha wrote.Excluding impairment charges and write-offs, SolarEdge posted an adjusted loss of $3.52 per share…
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023Saul Loeb | AFP | Getty ImagesThe U.S. aviation industry on Wednesday urged Congress to approve “robust emergency funding” for air traffic control technology and staffing.Three weeks after a deadly midair collision near Washington, D.C., marked the worst air disaster in the U.S. since 2001, groups representing industry heavyweights like Boeing, major U.S. airlines, private aviation and a host of labor unions wrote to lawmakers calling for urgent funding and improvements to U.S. airspace.They also…
