President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the Department of Government Efficiency.Musk’s scheduled departure comes at a precarious moment, both for DOGE and for his relationship with the president.Multiple top staffers at DOGE have either recently left or are on their way out of the federal-workforce slashing group. They include Steve Davis, the president of Musk’s Boring Company, and DOGE spokeswoman Katie Miller, White House officials told NBC News. Attorney James Burnham is also reportedly leaving the group.Musk worked…
Author: usaeverydaylife
Check out the companies making headlines in midday trading. Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analyst estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company raised its annual profit forecast and crushed expectations with its quarterly results. Ulta said lower inventory losses as well as new launches helped drive demand at its stores. Gap — The apparel retailer plunged 20% after saying it sees current-quarter sales around flat from the…
The month of May added to the remarkable V-shaped comeback equity rally in the wake of “liberation day.” As I expect June to be another positive month in U.S. equities, I want to remain bullish as the bears seem to weaken on a daily basis. After a nearly 25% bounce off the April lows, I see more upside and an all-time high retest coming. I am defining my risk by using options on the Nasdaq-100 ETF (QQQ) to participate in this bullish move. May caught many bearish traders by surprise. Analysts continue to have to reconfigure their 2025 end-of-year price…
In minutes released this week from the Federal Reserve’s May meeting, central bank policymakers indicated that an interest rate cut isn’t coming anytime soon.Largely because of mixed economic signals and the United States’ changing tariff agenda, officials said they will wait until there’s more clarity about fiscal and trade policy before they will consider lowering rates again.In prepared remarks earlier this month, Fed Chair Jerome Powell also said that the federal funds rate is likely to stay higher as the economy changes and policy is in flux. The Fed’s benchmark sets what banks charge each other for overnight lending, but also has a domino effect on…
TOPSHOT – France’s President Emmanuel Macron reacts during a meeting with Vietnam’s President Luong Cuong sat the Presidential Palace in Hanoi on May 26, 2025. (Photo by Nhac NGUYEN / POOL / AFP) (Photo by NHAC NGUYEN/POOL/AFP via Getty Images) Nhac Nguyen | Afp | Getty ImagesSINGAPORE — French President Emmanuel Macron on Friday called on Europe and Asia to fortify coalition and avoid being caught in the intensifying rift between the U.S. and China.Addressing the annual defense forum Shangri-La Dialogue in Singapore, Macron urged Indo-Pacific nations’ prime ministers and defense ministers in the audience to establish a “new coalition”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk on the StreetCNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss why rentals in the Hamptons are piling up.04:2540 minutes agoRobert Frank Source link
Young graduates from Imperial College London at their graduation ceremony, on 19th October 2022 in London, England.Richard Baker | In Pictures | Getty ImagesBritish universities are preparing to attract international Chinese students after President Donald Trump’s administration cracked down on visas for Chinese students studying in the U.S.U.S. Secretary of State Marco Rubio said in a statement Wednesday that the U.S. will start “aggressively” revoking visas for Chinese students in the U.S., including those with connections to the Chinese Communist Party, in efforts to curb immigration.It comes after the Trump administration also blocked Harvard University’s ability to enroll or retain…
Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.Source: NasdaqZscaler shares jumped 8% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform.”The proliferation of AI in all aspects of business is increasing the need for our AI security,” said CEO Jay Chaudhry in a release. “We empower customers to securely adopt both public GenAI apps and their own private AI apps, and we are increasing our investments in this area.”The cloud security software company said revenues grew 23% to $678 million…
UnitedHealth could be a bargain for investors, according to Deutsche Bank. Analyst George Hill maintained his buy rating along with his target price of $362. That, he said, reflects an earnings multiple of 16 — which sits at the low end of the stock’s 10-year trading range. Hill’s forecast implies UnitedHealth shares could gain 21.4% from Thursday’s close. “We’re hanging our gloves on valuation: We maintain our buy rating on UNH’s shares, as even here using a trough-ish multiple on our expected 2025 trough earnings still implies meaningful upside to the shares,” Hill said in a Thursday note to clients.…
Alexander Spatari | Moment | Getty ImagesFederal student loan borrowers could be in repayment for up to 30 years under proposed changes in the House Republicans’ massive spending and tax package, dubbed the “One Big Beautiful Bill Act.”Currently, most student loan repayment plans range from 10 years to 25 years — which already generate concerns about people bringing their education debt into middle-age and beyond, said higher education expert Mark Kantrowitz.”A 30-year repayment term means indentured servitude,” Kantrowitz said.The House passed the bill last week. With control of Congress, Republicans can use “budget reconciliation” to pass their legislation, which only…
