President Donald Trump and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing.Artyom Ivanov | TASS | Getty ImagesPresident Donald Trump and Chinese President Xi Jinping are likely to speak this week, a senior White House official told CNBC on Monday.The expected discussion follows a series of flare-ups between Washington and Beijing that threaten to derail a tentative trade agreement that the two economic superpowers reached just weeks earlier.The two leaders could speak one-on-one “very soon,” though probably not today, the official said on condition of anonymity.Trade…
Author: usaeverydaylife
US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty ImagesU.S. President Donald Trump surprised markets yet again with an abrupt announcement on Friday that he will hike tariffs on steel imports from 25% to 50% on Wednesday.But while the inflationary impact on U.S. domestic prices is widely expected to be severe, the effect in Europe will be more mixed, according to analysts — with…
Omar Marques | LightRocket | Getty ImagesStock Chart IconStock chart iconDratKings & Flutter, 1-dayBoth chambers of Illinois’ state legislature passed a budget that includes a tax of 25 cents per wager on the first 20 million online sports bets made each fiscal year, rising to 50 cents per bet after.Illinois Gov. J.B. Pritzker issued a statement Sunday night saying that he would sign the budget, according to local news reports.Truist analyst Barry Jonas called the duties a last-minute surprise, adding that it’s the second straight year of the state slapped an unexpected tax on the industry. Under the latest plan,…
A worker arranges cans of Campbell’s soup on a supermarket shelf in San Rafael, California.Getty ImagesCampbell’s has seen customers prepare their own meals at the highest rate in about half a decade, offering the latest sign of everyday people tightening their wallets amid economic concerns.”Consumers are cooking at home at the highest levels since early 2020,” Campbell’s CEO Mick Beekhuizen said Monday, adding that consumption has increased among all income brackets in the meals and beverages category.Beekhuizen drew parallels between today and the time when Americans were facing the early stages of what would become a global pandemic. It was…
Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesTesla’s sale of new cars in Norway skyrocketed 213% in May from a year ago, according to official registration data, bucking a downward trend across Europe.Tesla car sales in Norway jumped to 2,600 last month, data from the Norwegian Road Federation (OFV) showed on Monday, up from 832 over the same period a year earlier. The increase was primarily driven by sales of the…
Boeing was upgraded at Bank of America, which heralded the use of the company’s planes as a bargaining chip in the Trump administration’s trade deals. The firm upgraded the stock to buy from neutral and raised its price target to $260 from $185. “Boeing (BA) aircraft have emerged as the favored trade tool for the Trump Administration in recent trade deals,” wrote analyst Ronald Epstein in a Monday note. “We view those recent deals struck in the UK (32 aircraft orders), Qatar (210 aircraft orders), UAE (28 aircraft orders), and China (removing the ban on BA aircraft), as setting a…
Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024.Katelyn Mulcahy for SailGPFans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team.SailGP is working with gaming companies DraftKings in the United States and Bet365 internationally to let fans place bets on races, starting at the Mubadala New York Sail Grand Prix on June 7 and 8.”It’s a sport that’s naturally built for sports betting and gaming onsite in person at the events,” said SailGP chief revenue officer…
Dr. Matthew Willsey working in the operating room.Courtesy of the University of MichiganNeurotech startup Paradromics on Monday announced it has implanted its brain-computer interface in a human for the first time. The procedure took place May 14 at the University of Michigan with a patient who was already undergoing neurosurgery to treat epilepsy. The company’s technology was implanted and removed from the patient’s brain in about 20 minutes during that surgery.Paradromics said the procedure demonstrated that its system can be safely implanted and record neural activity. It’s a major milestone for the nearly 10-year-old startup, as it marks the beginning of…
These are the stocks posting the largest moves in the premarket. Source link
JPMorgan has renewed confidence in Gap after the firm held a virtual investor meeting with company management. Analyst Matthew Boss reiterated the clothing retailer as overweight and kept his target price of $29 per share unchanged. That target suggests shares could jump nearly 30% from their latest close. Shares of Gap — which owns Gap, Old Navy, Banana Republic and Athleta — are down 5.6% this year, but have rebounded more than 8% this quarter. The stock had declined after Gap said in late May, during its first-quarter earnings report, that tariffs could impact its business by $100 million to…
