Maria Teresa Horta, a Portuguese feminist writer who helped shatter her conservative country’s strictures on women, died on Feb. 4 at her home in Lisbon. She was 87.Her death was announced on Facebook by her publisher, Dom Quixote. The Portuguese prime minister, Luis Montenegro, paid tribute to her on X, calling her “an important example of freedom and the struggle to recognize the place of women.”Ms. Horta was the last surviving member of the celebrated writers known as the “Three Marias,” who together wrote the landmark 1972 book “Novas Cartas Portuguesas” (“New Portuguese Letters”). A collection of letters the women…
Author: usaeverydaylife
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., February 11, 2025. Craig Hudson | ReutersFederal Reserve Chair Jerome Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.Ending several years of speculation whether the Fed would join some of its global counterparts, including China, in developing a formal cryptocurrency like bitcoin or its many peers, Powell said during a Senate hearing that the project would not…
DuPont shares jumped Tuesday on better-than-expected earnings and revenue — boosted, in part, by the company’s exposure to the fast-growing artificial intelligence semiconductor market. The stock has tested our patience, but quarters like this demonstrate why we have stayed invested through the doldrums. Fourth-quarter net sales rose 6.7% year over year to $3.09 billion, topping estimates of $3.07 billion, according to LSEG. Adjusted earnings per share (EPS) totaled $1.13, well ahead of the 98-cent consensus, LSEG data showed. On an annual basis, adjusted EPS rose 29.9%, its best quarterly growth rate since the third quarter of 2021. DD 1Y mountain…
Innodata (INOD) is a small $1.2 billion market cap company that in a recent investor presentation says is … positioned as a “picks and shovels” beneficiary of the AI and Gen AI race. In simple terms, the company transforms large amounts of raw data into formats that help artificial intelligence models recognize patterns and organize the data to make more accurate predictions and interpretations. They also help companies build custom platforms to analyze and manage their own data. Innodata also claims in the most recent investor presentation that it has been contracted by 5 of the 7 “Magnificent Seven” for…
Kash Patel, U.S. President Donald Trump’s nominee to be director of the FBI, looks on as he testifies before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025. Evelyn Hockstein | ReutersPresident Donald Trump’s nominee to lead the FBI, Kash Patel, was accused Tuesday of personally directing an “ongoing purge” of civil servants at the agency before being confirmed by the Senate.In a letter to the Justice Department’s internal watchdog, Sen. Dick Durbin, D-Ill., wrote that he had “received highly credible information from multiple sources,” who described Patel’s alleged involvement in the personnel decisions.”This alleged…
As free agency kicked off last month and star players began shuffling around the WNBA, another important date loomed on the league’s calendar.Bids for the 16th WNBA franchise were due on Jan. 30, according to a league source briefed on the matter, resulting in a flurry of interest. More than 10 potential ownership groups submitted formal bids, according to people involved in the process.As the WNBA determines where it should award its next expansion team, here are the cities and groups we know have made formal bids for team No. 16 and what the timeline is likely to look like…
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley.The chief executive of America’s second-largest automaker described 25% tariffs on steel and aluminum, as well as threatened levies of the same amount on Mexico and Canada, as currently adding “a lot of cost, and a lot of chaos” to the industry.”President Trump has talked a lot about making our U.S. auto industry…
Check out the companies making headlines in midday trading: Lattice Semiconductor — Shares surged more than 7% after the chipmaker beat consensus revenue estimates in the fourth quarter. Revenue of $117.4 million came above analysts’ calls for $117.1 million, according to LSEG. Coca-Cola — Shares gained more than 3% after the soda maker’s fourth-quarter results topped Wall Street estimates. Coca-Cola posted adjusted earnings of 55 cents per share on revenue of $11.54 billion. Analysts polled by LSEG expected a profit of 52 cents per share and $10.68 billion in revenue. Fidelity National Information Services — The fintech company’s stock plummeted…
Bank of America said investors appear to be swapping attention-catching growth names for an admittedly more boring group: banks. For more than two years, technology and other growth stocks have captured investor interest with conversation focused on the promise of artificial intelligence. Now, Bank of America said there’s a shift away from this group toward banks, an area of the market that is often seen as more stabile but less exciting. “Our investor conversations and stock performance indicate that a rotation into bank stocks (from non-bank financials, growth) underway,” Ebrahim Poonawala, research analyst at Bank of America, wrote in a…
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025.Firdous Nazir | Nurphoto | Getty ImagesCoca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday.”As it relates to our strategies around ensuring affordability and ensuring consumer demand, if one package suffers some increase in input costs, we continue to have other packaging offerings that will allow us to compete in the affordability space,” Quincey said on the company’s earnings conference call. “For example, if aluminum cans become…
