The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesPlayStation 5 game consoles will cost $50 more in the U.S. starting this week, Sony announced on Wednesday.The price for an entry-level PlayStation 5 Digital Edition will increase from $450 to $500, and a PlayStation 5 with a disc drive is going up to $550 from $500. Sony’s high-end PlayStation 5 Pro will cost $750, up from $700. The PlayStation 5 was first released in 2020.President Donald Trump’s sweeping tariff plan announced in April went into effect earlier this month on most countries. The U.S. currently has…
Author: usaeverydaylife
Stablecoin Tether and Circle’s USDC dominate the market.Justin Tallis | Afp | Getty ImagesThe U.K. should establish a national stablecoin strategy to enable adoption of the tokens and avoid falling behind the U.S. on the disruptive new technology, several major crypto firms said Wednesday.In an open letter addressed to Finance Minister Rachel Reeves, 30 crypto industry figures said that the U.K. “must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era.””To ensure the UK is at the forefront, we believe a proactive, coordinated national strategy is needed – one that positions stablecoins not…
Roper Technologies could deliver meaningful returns over the next year, according to Citigroup. The Wall Street investment bank firm on Tuesday initiated research coverage of the software provider with a buy rating and set its 12-month price target at $626, which implies about 18% total return, including reinvested dividends. “Roper is a vertical software and technology-enabled product leader that has undergone a dramatic shift over the last 2+ decades from its history as an industrial conglomerate to a vertical software leader today,” analysts led by George Kurosawa wrote in a 68-page report. “We believe the company’s latest more subtle evolution…
Google announced its new series of Pixel smartphones, including the Google Pixel 10 Pro, which has new AI and durability features.Google on Wednesday debuted its latest line of Pixel smartphones that prominently feature the Gemini assistant as artificial intelligence increasingly becomes the battleground where device companies compete.The Alphabet company announced the Pixel 10 family of smartphones, saying the devices can use Google’s AI to do smart tasks, like quickly surfacing the address of an Airbnb when someone sends a text asking for it.The Pixel 10 series includes several models and incorporates new AI and camera features. The baseline model, the…
Palantir shares sank into bear market territory Wednesday after six-straight days of heavy selling.The slide marks the longest such streak for the artificial intelligence software company since April 2024, and brings shares down 20% from the recent record. Shares closed in correction territory on Tuesday after accumulating a 15% loss from the highs.Palantir’s slide followed a broader market selloff and came on the heels of a short-seller report from Andrew Left’s Citron Research. He called the company “detached from fundamentals and analysis” and said shares should be priced at $40 if compared to the same price-to-revenue multiple in OpenAI’s recent…
Apple’s (AAPL) recent rally has lifted the stock back towards valuation levels that have downside risks when we factor into the lack of meaningful innovation. While recent earnings were better than feared and investments in the U.S. may eased regulatory concerns, the signs of decelerating growth and a lack of meaningful innovation with continued reliance on financial engineering — suggest renewed downside risk if market expectations aren’t met. Trade timing & outlook AAPL has rebounded strongly, now trading around $230 after the post‑earnings spike with relative strength versus the S & P 500. However, this move approaches major resistance levels, and both momentum and volumes…
GE Vernova is bucking up to address Jim Cramer’s only gripe with a stock that has skyrocketed more than 75% this year. We’re talking about a new investment that helps the Club name deliver more heavy-duty gas turbines to meet unprecedented customer demand, which has been fueled by the insatiable energy consumption from the buildout of AI data centers. GE Vernova is planning to spend at least $41 million at its Schenectady, New York, plant to expand its generator operations and increase gas power capacity, the company announced Tuesday. The investment will go toward improvements in the manufacturing process for…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.Laure Andrillon | ReutersIntel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC’s David Faber.Intel stock slid more than 7% on Tuesday, after rallying earlier this week on a $2 billion capital injection from SoftBank and reports that the Trump administration is weighing different ways to get involved with the company.Commerce Secretary Howard Lutnick told CNBC on Tuesday that the U.S. government must receive an equity stake…
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty ImagesPresident Donald Trump on Wednesday demanded that Federal Reserve Governor Lisa Cook resign after a U.S. housing agency chief called on the Department of Justice to launch a criminal mortgage fraud investigation into the central bank official.”Cook must resign, now!!!” Trump wrote in a Truth Social post that linked to a…
Shoppers come and go the TJ Maxx store at the Mall at Prince George’s on August 17, 2022 in Hyattsville, Maryland.Chip Somodevilla | Getty ImagesTJX Cos. on Wednesday reported earnings and revenue that beat Wall Street’s expectations and raised its full-year guidance, as the discounter behind T.J. Maxx, Marshalls and HomeGoods said it assumes it can offset higher costs from tariffs.TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per share, up from its prior guidance between $4.34 and $4.43 per share. The retailer also raised its comparable sales expectations to a 3% increase, versus prior…
