The logo for Wondery is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Tuesday, Sept. 29, 2020. Gabby Jones | Bloomberg | Getty ImagesAmazon is terminating some positions in its Wondery podcast division and the head of the group is leaving as part of a broader reshuffling of the company’s audio unit.In a Monday note to staffers, Steve Boom, Amazon’s vice president of audio, Twitch and games, said the company is consolidating some Wondery units under its Audible audiobook and podcasting division. Wondery CEO Jen Sargent is also stepping down…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — If I asked you what is the most important geographic location on earth for the modern internet, you might be tempted to guess Silicon Valley or perhaps somewhere in Asia. You’d be wrong. Believe it or not, it’s in Loudon County, Virginia, known by the locals as “Data Center Alley.” The Alley is home to the world’s largest cluster of data centers. According to the Wall Street Journal, approximately 70% (SEVENTY PERCENT!) of the entire world’s…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks were bouncing back Monday after selling off Friday in reaction to a weaker-than-expected July jobs report. The surprise miss, along with negative revisions to the prior two months, has shifted the market’s view on interest rates. “The economy is weaker, the Fed should cut — and if they cut, I think the market is going to go higher,” Jim Cramer said Monday. “Therefore, I like our portfolio even more.” Federal Reserve Chairman Jerome…
President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine,” Trump said in a post on Truth Social.”Because of this, I will be substantially raising the Tariff paid by India to the USA.”He did not elaborate on what the tariff would be.India’s trade ministry did…
Jaque Silva | Nurphoto | Getty ImagesOpenAI is set to hit 700 million weekly active users for ChatGPT this week, up from 500 million in March, marking a more than fourfold year-over-year surge in growth, the company said Monday.The figure spans all ChatGPT artificial intelligence products — free, Plus Pro, Enterprise, Team, and Edu — and comes as daily user messages surpassed 3 billion, according to the company. The growth rate is also accelerating, compared with 2.5 times year-over-year growth at this time last year.”Every day, people and teams are learning, creating, and solving harder problems,” said Nick Turley, VP…
Check out the companies making headlines before the bell: Berkshire Hathaway — Class B shares of Warren Buffett’s conglomerate dipped nearly 1% in premarket after Berkshire’s operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett’s cash hoard of $344.1 billion remained near a record high. The conglomerate was a net seller of stocks for the 11th quarter in a row. Amphenol — The cable parts supplier rose 2% after agreeing to acquire CommScope’s connectivity and cable solutions business for $10.5 billion in cash. The sale is expected…
Berkshire Hathaway ‘s second-quarter earnings report had a few surprising elements that caused shares to fall Monday, but few Wall Street analysts are abandoning Warren Buffett’s conglomerate. Berkshire’s operating profit from the company’s wholly-owned businesses, including insurance and railroads, dipped 4% year-over-year, to $11.16 billion in the second quarter. The Omaha-based conglomerate again issued a stern warning of the effect of President Donald Trump’s tariffs and the potential impact on its various businesses. Kraft Heinz write-down Most notably, Berkshire took a rare write-down of its underperforming Kraft Heinz stake. The conglomerate for the first time reduced the carrying value of…
US President Donald Trump speaks to journalists at Lehigh Valley International Airport in Allentown, Pennsylvania, on August 3, 2025 as returns to the White House from his Bedminster residence, where he spent the weekend. Brendan Smialowski | Afp | Getty ImagesPresident Donald Trump plans over the next several days to name replacements for two key vacancies, one to fill a spot on the Federal Reserve and other to replace the head of the Bureau of Labor Statistics.Both spots opened up Friday — the Fed position through the surprise resignation of Governor Adriana Kugler, and the other from Trump’s stunning decision…
U.S. President Donald Trump walks towards reporters from Marine One at at the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania.Anna Moneymaker | Getty ImagesPresident Donald Trump and one of his top economic advisors stoked baseless conspiracies about federal jobs data Monday, suggesting without evidence that Friday’s weaker-than-expected jobs report had been “rigged” by federal workers bent on sabotaging the president.”All over the US government, there have been people who have been resisting Trump everywhere they can,” National Economic Council Director Kevin Hassett said Monday on CNBC.Trump, meanwhile, claimed on social media that the report, which painted a…
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | ReutersThe European Union announced Monday that it will suspend for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week.”On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade,” the EU Commission spokesperson for trade said in a statement.The spokesperson touted the agreement as restoring “stability and predictability for citizens and businesses on both…
