President Trump is tough on China when it comes to trade. He especially points to one number to say we’re being ripped off: our trade deficit. Ana Swanson, who covers trade and international economics for The New York Times, explains Trump’s approach to lowering the trade deficit with China and why some economists question his strategy. Source link
Author: usaeverydaylife
Check out the companies making headlines before the bell. Semtech – The semiconductor manufacturing company plunged more than 28% after it warned in an 8-K filing that fiscal 2026 net sales from its CopperEdge products used in active copper cables are now underperform “due to rack architecture changes.” Semtech also said that it doesn’t expect any ramp-up over the course of that fiscal year. BP – Shares were higher by more than 6% after The Wall Street Journal reported, citing people familiar with the matter, that Elliott Management has taken a stake in the British oil giant. According to the…
Here are Monday’s biggest calls on Wall Street: Stifel reiterates Tesla as buy Stifel lowered its price target on the stock but said it’s standing by its buy rating. “Following mixed 4Q24 results, uncertainty caused by the Trump Administration, and TSLA’s low favorability ratings, we are modifying our estimates, maintaining our Buy, and reducing our target price to $474 from $492.” Evercore ISI adds a tactical outperform on Nvidia Evercore said investors should buy the dip ahead of earnings later this month. “We are buyers of NVDA into its Jan-25Q earnings call scheduled for 26-Feb.” JPMorgan reiterates Amazon as a…
White House plans to halt the work of the Consumer Financial Protection Bureau may prove beneficial for bank stocks — but there are also uncertainties to keep in mind, according to Raymond James. CFPB Operations Chief Adam Martinez told employees in a Sunday memo to work remotely this week as the headquarters would be closed. That came one day after Russell Vought, the director of the Office of Management and Budget and the CFPB’s acting head, told staff in an email to stop most of the bureau’s activities . Last week, Tesla CEO Elon Musk, leader of the Trump Administration’s…
Super Bowl LIX was expected to be fun and close, with the Kansas City Chiefs seeking to become the first team to win the big game three years in a row and the Philadelphia Eagles playing upstart. It ended up being a runaway few saw coming, as the slight favorite Kansas City fell 40-22 to Jalen Hurts, Saquon Barkley and the rest of the Eagles.Now that it’s over and the confetti has been cleared from the New Orleans Superdome turf, it’s time to see how close you were paying attention while gorging on chicken wings, pizza or tacos with family…
Shortly after 3 a.m., a battering ram burst open the door to a 14th-floor apartment and three men dressed in the black tactical gear of the Chilean police rushed in. Brandishing guns, they grabbed Ronald Ojeda in front of his wife and 6-year-old son and dragged him away in his underwear.Mr. Ojeda, a 32-year-old former Venezuelan Army officer, was a political dissident living under asylum in a middle-class neighborhood of Chile’s capital, Santiago. He had tried to organize plots to topple Nicolás Maduro, Venezuela’s autocratic leader, and weeks earlier, Mr. Maduro’s government had publicly labeled him a traitor.When his wife…
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | ReutersPresident Donald Trump ordered a halt to the production of new pennies, which he said will help reduce “wasteful” government spending.”For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump said in a Truth Social post. “This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies. Let’s rip the waste out of our great nations budget, even if…
Nvidia is set to report earnings in just over two weeks, and one firm is getting bullish despite the stock’s recent losses in the wake of developments from Chinese artificial intelligence startup DeepSeek. On Monday, Evercore ISI added the chip giant to its tactical outperform list in the lead-up to the company’s results due out after the bell on Feb. 26. The firm has a $190 price target on the name, which implies more than 46% upside from Friday’s close. The stock has taken a hit in the wake of DeepSeek’s low-cost, open-source model stoking fears around spending and competition…
Traders work underneath GameStop Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, June 7, 2024. Michael Nagle | Bloomberg | Getty ImagesShares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.GameStop, day traders’ favorite meme stock, climbed more than 3%, while MicroStrategy, which recently rebranded into “Strategy,” saw shares rising 2.6%. Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting…
NEW ORLEANS — There Howie Roseman danced, a cigar between his fingers, surrounded by the team that dismantled a dynasty. Players urged their general manager on. Others showered him with champagne. More stood atop their lockers, hollering over speakers that pulsated lyrics that partly defined their franchise within Future’s “Lil Demon.”Go platinum, f— a budget.Jeffrey Lurie, the owner of the Philadelphia Eagles, later lauded Roseman in the hallway outside. The NFL is not a place to be risk-averse, Lurie believes. Not if you want to unseat the Kansas City Chiefs. Not if you want to be Super Bowl LIX champions.…
