The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he wanted to go all-in on irony, would seek to frustrate President Donald Trump ‘s desire for three interest rate cuts and say that tariffs call for a continued wait-and-see attitude. Powell, addressing the central bank’s annual economic symposium in the mountains of Wyoming, did express…
Author: usaeverydaylife
President Donald Trump on Sunday threatened to send the military into Baltimore to “quickly clean up” crime.”But if Wes Moore needs help, like Gavin Newscum did in L.A., I will send in the ‘troops,’ which is being done in nearby DC, and quickly clean up the Crime,” Trump said in a post on Truth Social, referring to the Democratic governors of Maryland and California and using a derogatory nickname for Gavin Newsom.Trump’s comments are the latest in a line of threats to replicate the D.C. deployment in cities across the country after hundreds of National Guard troops were brought to D.C. in what he’s…
For going on three years now, a once-scrappy company based in Santa Clara, California, has been the center of the Wall Street universe. That’s unlikely to change anytime soon — most certainly not in the week ahead, when its earnings report is the market’s biggest event. On Wednesday night, Nvidia is set to release its results for the three months ended in July, in what’s become the most anticipated earnings report of the season during the generative AI boom. The hype has gotten out of hand before — remember the time a New York City bar held a watch party…
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly’s stock is still recovering after the drugmaker released trial data earlier this month on its closely watched obesity pill that underwhelmed Wall Street.In a key late-stage trial, Eli Lilly’s pill, orforglipron, caused less weight loss and had higher side effects than what analysts were expecting. The pill’s efficacy also appeared to come in slightly below that of Novo Nordisk’s oral semaglutide for obesity, which showed strong data in a separate study.Shares of Eli Lilly fell…
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty ImagesPostal services across the world are halting shipments to the United States this week amid mounting confusion over new import duties that will apply to parcels starting Friday.President Donald Trump signed an executive order last month abolishing the trade loophole known as “de minimis,” which since 2016 had allowed goods worth up to $800 to enter the U.S. duty-free.The end of the exemption is being extended worldwide after the loophole was closed in May for packages from mainland China and Hong Kong.Under the new rules,…
Chabely Rodriguez takes money seriously. She strategically chose an affordable college and lucrative career path that has set her up to live comfortably at 30 years old. Rodriguez is a certified anesthesiologist assistant, and in 2024, she switched from a salaried role to working as a traveling CAA in contract positions. As a result, she brings in over $300,000 a year. She has a master’s degree in anesthesiology, which allowed her to then get her CAA credentials — without needing to attend medical school.She still cleared $200,000 a year in her previous position, often picking up overtime hours and 24-hour shifts on top…
Russia’s Foreign Minister Sergey Lavrov speaks during a joint press conference with Iranian Foreign Minister Abbas Araghchi in Tehran, Iran, February 25, 2025.Majid Asgaripour | Via ReutersRussian foreign minister Sergey Lavrov threw cold water on the possibility of an imminent meeting taking place between President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, saying that no meeting is currently planned.”Putin is ready to meet with Zelenskyy, when the agenda would be ready for a summit,” Lavrov said during an interview with NBC News’ “Meet the Press” that aired Sunday.”And this agenda is not ready at all,” he continued.Lavrov’s comments come after President Donald…
Could you build a house that’s the size of a closet? That’s the question I wanted to answer when I set out to build what might be one of the smallest livable homes around — just 19.4 by 4 feet — in my front yard in southern Ohio.I’ve always been obsessed with tiny living. I love seeing people get creative with small spaces. Over the past six years, I’ve traveled the U.S. documenting more than 300 unique Airbnbs, from treehouses to caves to luxury villas.One day, after seeing someone attempt to live in a 22-square-foot home, I thought: I can build something even…
Legendary investor Warren Buffett once famously said it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Now one Wall Street firm claims Buffett’s preference doesn’t stand the test of time. A team of analysts at Macquarie Equity Research developed a model to quantify a company’s fundamentals, which helps assess how “wonderful” a company truly is. It then layered a valuation model on top of that to measure if a stock is fundamentally cheap or expensive. To test Buffett’s investment theory, the analysts split “fundamentally cheap stocks” into three categories:…
Witthaya Prasongsin | Moment | Getty ImagesPresident Donald Trump’s attack on solar and wind projects threatens to raise energy prices for consumers and undermine a stretched electric grid that’s already straining to meet rapidly growing demand, renewable energy executives warn.Trump has long said wind power turbines are unattractive and endanger birds, and that solar installations take up too much land. This week, he said his administration will not approve solar and wind projects, the latest salvo in a campaign the president has waged against the renewable energy industry since taking office.”We will not approve wind or farmer destroying Solar,” Trump…
