A truck drives past shipping containers at the Port of Philadelphia in Philadelphia, Pennsylvania, US, on Wednesday, Nov. 6, 2024.Bloomberg | Bloomberg | Getty ImagesAs President Donald Trump begins imposing tariffs on imported goods, some experts question revenue expectations — including the possibility of replacing the federal income tax. During his presidential campaign, Trump floated an “all tariff policy” at a June meeting with Republican lawmakers, which he said would allow the U.S. to eliminate income tax. However, some policy experts have been skeptical of the idea. “It’s just not a realistic proposal,” said Alex Durante, senior economist at the Tax Foundation,…
Author: usaeverydaylife
Argentina’s President Javier Milei addresses the audience during the World Economic Forum (WEF) annual meeting in Davos on January 23, 2025. Milei said at a Bloomberg event on January 22, 2026 that “The world should celebrate the arrival of President Trump,”before Donald Trump will star on January 23, 2025 in an eagerly-anticipated online appearance at the World Economic Forum in Davos, addressing global elites whose annual gabfest has been consumed by the US president’s days-old second term. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)Fabrice Coffrini | Afp | Getty ImagesArgentina will pull out of…
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices shares fell more than 10% on Wednesday after the chipmaker under-delivered on Wall Street’s estimates for its important data center business.Shares traded at a 52-week low and were on pace for their worst session since October.AMD reported better-than-expected results on the top and bottom lines, but it also reported data center sales of $3.86 billion. That reflected 69% growth from a year ago but fell short of…
Andrea Kimi Antonelli was more nervous than he had been for some time. A racing driver’s career can often hinge on sliding doors moments such as these.The 18-year-old wasn’t trying to secure a Formula One drive. He completed that mission months ago when he signed with Mercedes to replace Lewis Hamilton.He was about to sit his driving test.Thirty minutes later, the Italian teenager beamed beneath his mop of curly hair and raised a thumb to the camera. He’d passed — first time, of course. There would be no need to squeeze in another test between the hectic travel demands of…
Sweden was reeling and the authorities were searching for answers on Wednesday after what the government called the worst mass shooting in the country’s history.The attack unfolded on Tuesday at an adult education center in the city of Orebro, west of Stockholm, the capital. The police said that at least 11 people were killed — with the suspect believed to be among the dead.With Sweden in mourning, the authorities had yet to establish a motive or identify who was involved. Here’s a look at what we know.What happened?Gunfire erupted at about 12:30 p.m. at the Risbergska educational center, which offers…
DeepSeek’s status as an artificial intelligence disruptor might actually benefit some stocks in the space, according to JPMorgan. Stocks sold off across the board last week after Chinese startup DeepSeek emerged as a powerful threat to existing AI investments. Specifically, DeepSeek’s relatively inexpensive costs — combined with its high efficiency — raised concern over the the level of capital being funneled into the space by companies in the last few years, and whether it was all necessary. Since the market meltdown, stocks have managed to claw back a substantial portion of their losses, partially due to the notion that DeepSeek’s…
U.S. President Donald Trump speaks as he signs documents in the Oval Office at the White House in Washington, U.S. Feb. 4, 2025. Elizabeth Frantz | ReutersPresident Donald Trump on Wednesday said he wants to negotiate a nuclear deal with Iran after reimposing a “maximum pressure” campaign on the Islamic Republic.Trump said in a Truth Social post that work should begin on such a deal “immediately.” The president said reports that the U.S. and Israel are working together to attack Iran are exaggerated.”I would much prefer a Verified Nuclear Peace Agreement, which will let Iran peacefully grow and prosper,” Trump said…
Pavlo Gonchar | Lightrocket | Getty ImagesTeladoc Health on Wednesday announced it will acquire the preventative care company Catapult Health in an all-cash deal for $65 million.Catapult offers an at-home wellness exam that allows members to check their blood pressure, collect a blood sample, log other screening information and meet virtually with a nurse practitioner. Teladoc, a virtual care platform, said the acquisition will help it improve its ability to detect health conditions early.The company said Catapult will operate within its integrated care segment after the deal closes. At JPMorgan’s health-care conference in January, Teladoc said it is actively working…
Major League Baseball recently released a report about pitcher injuries. It was the culmination of interviews with 200 subject-matter experts about the growing rash of arm troubles in the sport, and the word “stuff” was used 47 times. The report includes entire sections about the concept of stuff metrics — like Stuff+ — and how they may relate to pitcher health.The study of the physical characteristics of a pitch, and how they relate to outcomes, has been improved immensely over the past few years by new technology and machine learning techniques. Now a number like Stuff+ can tell you how…
The Seoul skyline.Mongkol Chuewong | Moment | Getty ImagesSouth Korea’s consumer inflation quickened to a six-month high in January, government data showed on Wednesday, coming in higher than market expectations on pressure from a weak local currency.The consumer price index (CPI) rose 2.2% from a year earlier, after climbing 1.9% in the previous month, according to Statistics Korea. That compared with a median 1.97% increase forecast in a Reuters poll.Inflation accelerated for the fourth straight month and marked the fastest since July 2024. It was also higher than the central bank’s medium-term target of 2%.Last month, the Bank of Korea unexpectedly kept its policy interest rate unchanged, after…
