Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a note to clients Friday afternoon. “If slack in the labor force builds at all, or we continue to see a below 100,000 jobs hiring rate persistently, we would expect the Fed to start moving rates lower, and a 50-basis point cut in September might be…
Author: usaeverydaylife
President Donald Trump on Friday said that he ordered two nuclear submarines “to be positioned in the appropriate regions” in response to warnings made to the United States earlier this week by high-ranking Russian official Dmitry Medvedev.Medvedev on Monday in a social media post wrote that each new ultimatum that Trump makes about Russia to force an end to its war on Ukraine “is a threat and a step towards war.””Not between Russia and Ukraine, but with his own country,” Medvedev wrote on X that day.Trump earlier Monday had said he was cutting from 50 days to less than two…
new video loaded: Why Trump’s Tariffs Are Closing Factories in LesothoRecent episodes in Latest VideoWhether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.Show more videos from Latest Video Source link
Check out the stocks making the biggest moves midday. Kimberly-Clark — The consumer products giant gained about 4% on stronger-than-expected full-year guidance. Kimberly-Clark expects earnings per share to grow in the low-to-mid single digit percentage rate, while analysts polled by FactSet anticipated a contraction of around 2.6%. Marvell Technology — The chipmaker fell about 6%, following the broader tech sector lower. The Technology Select Sector SPDR Fund (XLK) shed more than 1%. UnitedHealth — The insurance giant shed more than 3%.The company announced Thursday that Wayne DeVeydt would take over as chief financial officer, effective Sept. 2. Current CFO John…
Boeing’s turnaround is gaining altitude, according to Bank of America. In a Friday note, the bank reiterated its buy rating on the aerospace and defense stock and raised its price objective to $270 per share from $260. The new forecast implies shares can rise 21% from Thursday’s close. Boeing’s second-quarter results , released on Tuesday, showed that the company raked in revenue of $22.75 billion, topping expectations. Its adjusted loss of $1.24 per share was also less than forecast. Boeing delivered 150 airplanes in the second quarter, its most since 2018. This was a bright spot for analysts who have…
A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Lam Yik | Bloomberg | Getty ImagesThe crypto market slid Friday after President Donald Trump unveiled his modified “reciprocal” tariffs on dozens of countries.The price of bitcoin showed relative strength, hovering at the flat line while ether, XRP and Binance Coin fell 2% each. Overnight, bitcoin dropped to a low of $114,110.73.The descent triggered a wave of long liquidations, which forces traders to sell their assets at market price to settle their debts,…
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025.David Paul Morris | Bloomberg | Getty ImagesGoogle has purged more than 50 organizations related to diversity, equity and inclusion, or DEI, from a list of organizations that the tech company provides funding to, according to a new report.The company has removed a total of 214 groups from its funding list while adding 101, according to a new report from tech watchdog organization The Tech Transparency Project. The watchdog group cites the most recent public list of organizations that…
The once-dependable 60/40 portfolio has had a rough few years, but that doesn’t necessarily mean investors should count it out. The allocation of 60% stocks and 40% bonds typically provides less upside than an all-stock portfolio, but is expected to experience less of a decline during a market downturn. However, a recent analysis by Morningstar of 60/40 performance over the last century and a half found that in recent years it has done just the opposite. The bond and stock markets both tanked in 2022, for example. While equities recovered to their previous highs in September 2024, the bond market…
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 9th, 2025.David A. Grogan | CNBCPalantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade.As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states.The agreement creates a “comprehensive framework for the Army’s future software and data needs” that provides the government with purchasing flexibility and removes contract-related fees and…
A child playing with a Nintendo Switch game console.Julian Stratenschulte | picture alliance via Getty ImagesNintendo said Friday it plans to hike the price of its original Switch “family of systems and products” in the U.S.The price increases, which take effect Aug. 3, are being made “based on market conditions,” the Japanese company said in a post on its website. It will impact the original Switch console, Switch Lite and OLED models, as well as some Switch accessories.The price of the Switch 2 console, along with physical and digital Switch and Switch games, will remain the same for now, Nintendo…
