Lisa Cook, governor of the US Federal Reserve, and U.S. President Donald Trump.Ting Shen | Bloomberg | Getty Images | Jonathan Ernst | ReutersPresident Donald Trump on Friday asked a judge to deny a request by Federal Reserve Board Governor Lisa Cook to issue an injunction barring Trump from firing her.The Fed, in a separate court filing, took no position on Cook’s lawsuit challenging her termination by the president, but asked the judge to issue a “prompt ruling” to resolve the dispute.The filings came about two hours before a scheduled hearing in U.S. District Court in Washington, D.C., on Cook’s…
Author: usaeverydaylife
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Punit Paranjpepunit Paranjpe | AFP | Getty ImagesIndian conglomerate Reliance Industries on Friday announced new partnerships with Google and Meta to accelerate the company’s push into artificial intelligence.Speaking at an annual shareholders’ meeting on Friday, Reliance Chairman Mukesh Ambani also disclosed ambitions to list Reliance Jio, India’s largest mobile network, in the first half of 2026.”A decade ago, digital services became a…
A vendor gives a customer change at stall at a farmers market in Hanau, Germany, on Saturday, Aug. 9, 2025.Alex Kraus | Bloomberg | Getty ImagesGerman inflation rose by a higher-than-expected 2.1% in August, preliminary data from statistics office Destatis showed Friday.Economists polled by Reuters had expected the headline figure, which is harmonized for comparability across the euro zone, to come in at 2%. Inflation had risen by a cooler-than-expected 1.8% in July.Markets and economists are closely watching inflation figures around the world to assess the impact of U.S. President Donald Trump’s tariff policies. Various sectoral levies, as well as…
Li Auto’s weaker growth outlook has Bank of America moving to the sidelines on the stock. BofA downgraded Li Auto to neutral from buy on Friday and trimmed its price target to $26 per share from $31. The firm’s forecast calls for about 12% upside from Thursday’s close. LI YTD mountain Li Auto stock in 2025. Analyst Ming Hsun Lee pointed to lower growth expectations after the company issued lackluster guidance for vehicle deliveries in the current quarter. “We believe the latest guidance echoes the intensified market competition, which will weigh on Li’s sales growth outlook,” the analyst said. “We…
At the stroke of midnight, 92% of all U.S. cargo shipments, and up to four million package daily, lost their duty-free status with President Trump’s removal of the de minimis exemption for low-value trade going into effect. Any imported goods sent through the international postal network that are valued at or under $800 will now be subject to applicable duties. While the winners and losers on the retail landscape and among consumers are debated, customs experts are warning the troubles facing small to medium-sized businesses that relied on the duty-free exemption are just beginning, and will be significant.”When I think…
Eric Trump and Donald Trump Jr during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Wednesday, May 28, 2025.Bloomberg | Bloomberg | Getty ImagesEric Trump said Friday he is certain bitcoin will eventually hit a $1 million valuation as he spoke at a Hong Kong conference, marking the first of a series of Asian crypto events that will feature U.S. President Donald Trump’s sons.Speaking at Hong Kong’s Bitcoin Asia 2025 conference, Eric Trump discussed his strong involvement in the crypto space.”I really believe in the next several years, Bitcoin hits a million dollars. There’s no question,” he said,…
The sale of one of Dollar Tree’s struggling businesses clear the path forward for the stock to go higher, according to Telsey Advisory Group. The firm upgraded Dollar Tree stock to outperform from market perform on Friday. Telsey also raised its price target to $130 per share from $100, which implies about 16% upside from Thursday’s close. Dollar Tree last month sold Family Dollar for $1 billion to a group of private equity investors. Analyst Joseph Feldman said that makes Dollar Tree a “cleaner story with multi price point expansion to fuel growth.” DLTR YTD mountain Dollar Tree stock in…
The Mumbai skyline on July 6, 2025.Punit Paranjpe | Afp | Getty ImagesIndia’s economy grew at a faster than-expected annual rate of 7.8% in the quarter ended June.The gross domestic product print for the first quarter of the fiscal year 2026 came in higher than the 6.7% growth forecast by economists in a Reuters poll.India’s economy had grown at 7.4% in the previous quarter.This is a breaking news story. Please refresh for updates. Source link
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba posted a better-than-expected bottom line in the June quarter fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business.Still, the Chinese giant’s revenues came in under analyst forecasts.Alibaba’s stock was up more than 1% in premarket trade in the U.S. after initially dipping.Here’s how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates:Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected.Net income: 43.11 billion yuan, compared with…
In a Thursday interview with CNBC’s Jim Cramer, Gap CEO Richard Dickson reviewed the apparel maker’s recent quarter and addressed how tariffs will affect business. “There are things that you can control and there are things that you can’t control,” Dickson said. “I think what we are representing is, the things that we can control we’re doing really well. The team is doing a great job with our mitigation plans.”Gap — which owns Banana Republic, Old Navy, Athleta, as well as its namesake brand — posted mixed quarterly results Thursday after close, sending shares down in extended trading. The company…
