President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022.James Lawler Duggan | ReutersMohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position in order to ensure the central bank’s independence, making the chief economic advisor at Allianz one of the first prominent economists to publicly take such a position.”If Chair Powell’s objective is to safeguard the Fed’s operational autonomy (which I deem vital), then…
Author: usaeverydaylife
Check out the companies making headlines in midday trading: Opendoor Technologies , Kohl’s — The two stocks have been cited on Reddit’s WallStreetBets forum and have seen some wild moves as retail traders chase meme stocks . Opendoor, an online real estate startup, surged earlier in the day, but was recently down nearly 2%. Still, shares have gained more than 500% this month. The department store didn’t appear to have any major corporate announcements, but Kohl’s stock surged 37% . General Motors — Shares tumbled nearly 7% despite the automaker beating sales and profit expectations in the second quarter. Adjusted…
Google parent Alphabet is among the first of the ” Magnificent Seven ” companies to report second-quarter earnings, with results due after the stock market closes on Wednesday. Shares of Alphabet have barely budged this year, lagging the other Magnificent 7 stocks and the S & P 500 . Investor concern is focused on the shifting search and advertising landscape, given the rise of artificial intelligence chatbots that risk Google’s competitive edge. Still, analysts are generally bullish on Google’s search and ad monetization for the second quarter. Wall Street is expecting the YouTube owner to post double-digit earnings and revenue…
On the American Express site On the American Express site SpotlightThe Amex Gold Card offers over $400 in statement credits every year.Good to Excellent670–850You may be eligible for as high as 100,000 Membership Rewards® PointsSee rates and fees, terms apply. Read our American Express® Gold Card review. The American Express Gold® Card Welcome Offer: To view your personalized offer, you must first submit an application. If approved, you will: (1) receive your Welcome Offer details, (2) have the option to accept the Card with that offer, (3) be required to spend $6,000 on eligible purchases within the first 6 months…
U.S. Speaker of the House Mike Johnson (R-LA) speaks to reporters at the U.S. Capitol on July 21, 2025 in Washington, DC. Congressional Lawmakers have returned to work on Capitol Hill after the weekend. Andrew Harnik | Getty Images News | Getty ImagesThe House of Representatives will begin its August recess early to avoid Republicans being forced to vote on Democratic-backed motions related to the Jeffrey Epstein files.”There’s no purpose for Congress to push an administration to do something that they’re already doing,” House Speaker Mike Johnson, R-La., told reporters on Tuesday.”And so this is for political games,” Johnson said…
Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers tailor the Copilot digital assistant to their own needs.David Ryder | Bloomberg | Getty ImagesMicrosoft on Tuesday said Chinese hacking groups were part of the recent attacks on its SharePoint collaboration software.As early as July 7, the Chinese nation-state actors it calls Linen Typhoon and Violet Typhoon have been trying to exploit the vulnerability, as has a China-based actor called Storm-2603,…
Check out the companies making headlines before the bell: Opendoor Technologies — The online real estate startup popped more than 13%, extending a rally powered by retail traders chasing meme stocks. Opendoor, which has often been cited on Reddit’s WallStreetBets forum, is ahead more than 500% this month. Trading volume exploded to 1.9 billion shares Monday, more than 1,700% of the three-month average, according to FactSet. General Motors — Shares tumbled nearly 4% despite the automaker beating sales and profit expectations in the second quarter. Adjusted earnings before interest and taxes of $3.04 billion were higher than analysts estimated, but…
Club holding Capital One will unveil its second-quarter earnings report after the bell Tuesday, offering Wall Street a crucial look into the financial pulse of the U.S. consumer. Capital One’s financials don’t just give investors an understanding of the company’s performance. As one of America’s largest credit card issuers — with a more diverse client base than affluent-focused American Express — Capital One’s release is also a barometer for assessing the impact of ongoing economic uncertainty on its customers’ spending habits. Insights like these are especially important as the market continues to speculate over President Donald Trump’s tariffs, the Federal…
Investors seeking high returns on capital should look no further than Liberty Formula One , according to Goldman Sachs. The bank upgraded shares of the motorsport stock to a buy rating from hold. Analyst Stephen Laszczyk’s price target of $120 represents a potential upside of 17% from the stock’s Monday closing price. Shares of Liberty Formula One have rallied 12% this year. FWONK YTD mountain FWONK YTD chart In the Monday note, Laszczyk said that the company has a lot going for it. “High quality, execution based growth story with potential for outsized capital returns,” he wrote. “We believe that…
High-protein products are taking over the grocery aisle as brands like General Mills and PepsiCo are capitalizing on the trend.In fiscal 2024, General Mills generated more than $100 million in retail sales from its protein cereal lines, including Nature Valley Protein, Cheerios Protein and Ghost Protein.PepsiCo has protein product launches planned for its fiscal fourth quarter of 2025 and fiscal first quarter of 2026, according to its a recent earnings call. PepsiCo CEO Ramon Laguarta said on CNBC’s “Squawk on the Street” last week that he believes the protein category will continue to grow. A 2025 Bain & Company survey found that…
