Apple’s Chief Executive Officer Tim Cook attends the China Development Forum in Beijing on March 24, 2024.Pedro Pardopedro Pardo | Afp | Getty ImagesApple shares fell more than 3% on Monday after President Donald Trump announced 10% tariffs on China, where the company assembles the majority of its products.Apple’s decline was steeper than all of the tech megacaps, other than Tesla, and shows how vulnerable the iPhone manufacturer could be to increased import costs.While Apple faced tariffs during the first Trump administration, the company was largely able to avoid fees by securing waivers for its specific products. It also expanded…
Author: usaeverydaylife
“I don’t get that. I don’t understand that. … One minute he’s gonna take on the whole world, and then, 12 hours later, he’s sucking down pills. Why?”“Why? ‘Cause people are f—–g incomprehensible. (That’s) why.”Marty Bach, “Michael Clayton,” 2007There is rarely a surprise in the NBA. When a coach is about to be fired, a lot of people know it’s coming, starting with the coach. When an elite free agent is about to enter the market, the smart people in this league know 18 months ahead of time where he’s going.The connected, often incestuous network of players, families, friends and…
Through nearly 16 months of war in Gaza, politicians and analysts debated competing proposals for the territory’s postwar governance, but no clear direction emerged while the fighting continued.Now, as a fragile cease-fire holds and as Israel and Hamas prepare for negotiations to extend the truce, four rival models for Gaza’s future have begun to take shape.Hamas, weakened but unbowed, still controls most of the territory and is trying to entrench that authority. Under the terms of the cease-fire, Israel is meant to withdraw gradually from Gaza, but its troops still occupy key parts of it. Right-wing Israeli leaders want their…
Wall Street is looking to see if Palantir Technologies can one-up its last blowout earnings report after the closing bell on Monday. The software platforms company has soared a staggering 385% over the past year. Palantir was also the best-performing stock in the S & P 500 for 2024, surging 340%. Contributing to that outperformance is retail traders embracing the stock. Data from Vanda Research released last week showed about $75 million in retail flows went into Palantir over a five-day stretch, the sixth-highest of any stock. Earlier in January, investors scooped up more than $150 million in Palantir shares.…
Jakub Porzycki | Nurphoto | Getty ImagesShares of Temu parent PDD Holdings slid more than 5% on Monday, after President Donald Trump’s tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers.Trump on Saturday signed executive orders imposing 25% tariffs on imports from Canada and Mexico, while adding an additional 10% levy on goods from China. Trump on Monday agreed to pause tariffs on Mexico for one month, while the import taxes remain in place for China and Canada.An overlooked provision in the orders eliminates the “de minimis” trade loophole relied…
No team in Super Bowl history loaded up to get there quite like the 1994 San Francisco 49ers. Jimmy Johnson’s rival Dallas Cowboys had won the previous two Super Bowls, beating the 49ers in the NFC Championship Game both times. Mike Holmgren’s Green Bay Packers were rising in the NFC. Free agency was new. Competition was palpable.Then-49ers owner Eddie DeBartolo Jr. opened his checkbook, adding future Hall of Famers Deion Sanders, Rickey Jackson and Richard Dent in free agency, plus Ken Norton Jr., Bart Oates and Gary Plummer. That all-in San Francisco team also traded up from No. 15 to…
Auto stocks faced a steep sell-off at Monday’s open following the implementation of new tariff policies. Electric and autonomous vehicle companies were hit particularly hard. This newfound struggle for auto stocks could contribute to a broader, long-term trend of underperformance for the industry group, with technical headwinds expected to persist. The Global X Autonomous and Electric Vehicles ETF (DRIV) has been in a sustained downtrend since late 2021, and the chart points to further declines over the intermediate term. After failing to break above long-term trendline resistance, DRIV appears to have downside risk to a long-term support zone closer to…
Check out the companies making headlines in midday trading Stocks moving on tariffs — U.S. stocks are off their lows after the U.S. and Mexico said tariffs against the latter country would be delayed for one month. Initially, stocks dropped on tariffs announced over the weekend against key trading partners, with a 25% tax on goods from Canada and Mexico, and a 10% levy on imports from China. The companies most impacted are automakers and suppliers, consumer goods makers, clothing companies, steelmakers, railroads, transportation providers, nuclear stocks on Canadian uranium exposure, restaurant chains on higher food costs, homebuilders and solar…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAsset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors.The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average fee cut is 20% per share class. Vanguard said this is its biggest fee cut ever and will save investors about $350 million this year, based on current asset levels.”We’re proud to build on Vanguard’s legacy of lowering the costs of investing—which we have done more than…
We’re buying 10 shares of BlackRock at roughly $1,017 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 110 shares of BLK, increasing its weighting in the portfolio to about 3.05% from about 2.8%. Among the tariff uncertainty, BlackRock is one of our worst-performing stocks Monday. While negative sentiment around a trade war is dinging all types of banks and financials, the asset manager group is under pressure after peer Vanguard announced it lowered its fees on 168 share classes across 87 funds. Vanguard said the fee reductions are expected to save investors more than $350 million this year.…
