As investors grow more concerned about tariffs and the impact they could have on inflation, they are lowering their expectations even further for interest rate cuts out of the Fed this year. President Donald Trump is moving quickly to establish duties against the largest U.S. trading partners. Even with tariffs postponed against Canada and Mexico, he has moved forward against China and targeted efforts on steel and aluminum . Economists have warned that a wide-scale trade war could significantly raise prices, and consumers appear to be worried as well. Respondents to the University of Michigan’s closely-followed consumer sentiment poll released…
Author: usaeverydaylife
Football – NFL – Super Bowl LIX – Philadelphia Eagles v Kansas City Chiefs – Caesars Superdome, New Orleans, Louisiana, United States – February 9, 2025 U.S. President Donald Trump salutes before the game Evelyn Hockstein | ReutersPresident Donald Trump received one of his highest job approval ratings in his decade-long political career, after he kicked off his second term with a flurry of executive actions.A new CBS News/YouGov poll found that 53% of U.S. adults approved of Trump’s overall job in office so far.Most respondents said they would describe the 78-year-old Trump as “effective,” “focused,” “tough,” “competent” and “energetic” —…
A bus crash in Guatemala City killed at least 53 people and injured several more after the vehicle fell off a bridge and plunged into a ravine in early Monday morning, according to government officials.The bus was lodged in a hard-to-reach ravine and submerged in a river of sewage, according to footage from the scene. Luggage and personal belongings were scattered across the waters’ banks. The number of dead was expected to rise from the crash, officials said, which occurred at about 4:30 a.m. local time.The public prosecutor’s office, which released the death toll in a statement, said it was…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were higher to start the new week, with the Dow , the S & P 500 , and the Nasdaq shrugging off the trade and tariff headlines that caused weakness on Wall Street last week. Energy was the top-performing sector Monday, thanks to gains in oil and natural gas prices. Our lone oil and nat gas name, Coterra Energy , was jumping roughly 3.8%. Tech, however, was the…
Omar Marques | Lightrocket | Getty ImagesAn Alabama man pleaded guilty on Monday in federal court in connection with the January 2024 hack of the Securities and Exchange Commission’s X account, which was used to falsely claim that the SEC had approved exchange-traded funds for bitcoin.The man, 25-year-old Eric Council Jr., admitted to conspiring with others who took control of the SEC’s X account, according to the Department of Justice.The price of bitcoin spiked by more than $1,000 after the bogus tweet by the hackers on Jan. 9, 2024. The SEC quickly regained control of its X account and announced…
NEW ORLEANS — The second Patrick Mahomes interception, right before halftime of a Super Bowl that was already slipping away, left no doubt about what the Kansas City Chiefs must do to stabilize a dynasty shaken by the Philadelphia Eagles in the Superdome.We’ll get to that soon enough, but with Kansas City suffering a 40-22 defeat to spoil its shot at the first Super Bowl three-peat, the Pick Six column begins with a counterintuitive proclamation.This defeat actually draws Mahomes’ Chiefs closer to Tom Brady’s New England Patriots in the dynasty department. Both quarterbacks lost Super Bowls as favorites to end…
Talk to end the penny’s production has been bandied about for decades among government officials and economists. However, the talk became policy when, over the weekend, President Donald Trump ordered the Treasury to stop minting new pennies.”For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site. “I have instructed my Secretary of the US Treasury to stop producing new pennies.”Trump’s attack on the penny came after Elon Musk’s DOGE already had targeted the coin for elimination. Among…
Palantir (PLTR) is a data analytics and software company founded in 2003 by a team that included Peter Thiel and Alex Karp. Palantir initially built its reputation through national security and counter-terrorism contracts with U.S. government agencies. The company builds platforms to help organizations integrate, manage, and analyze large volumes of complex data. Here’s an in-depth look at what Palantir is, why it’s growing rapidly, who its main competitors are, and what competitive advantages it may have: What is Palantir? Palantir develops advanced data integration and analytics platforms. Its flagship products include Gotham, which was initially developed for government and…
The “Magnificent Seven,” once Wall Street’s indisputable stalwart, is losing its shine with investors. The group — made up of Apple , Microsoft , Alphabet , Amazon , Nvidia , Meta Platforms and Tesla — led the market higher in the past few years amid growing investments around artificial intelligence. In the past 12 months, Nvidia and Tesla have rallied 87% each, while Meta has soared more than 52%. That’s well ahead of the S & P 500’s 20% advance in that time. But the Magnificent Seven’s market stronghold has diminished slightly, as the cohort struggles to meet ever-loftier expectations,…
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025.Kent Nishimura for The Washington Post | Getty ImagesPresident Donald Trump is set Monday to sign an executive order directing the Department of Justice to pause enforcing a nearly half-century-old law that prohibits American companies and foreign firms from bribing officials of foreign governments to obtain or retain business.The pause in criminal prosecutions will be implemented to avoid putting U.S. businesses at an economic disadvantage to foreign competitors.The Bloomberg news service first reported the planned executive order related to the…
