U.S. President Donald Trump points towards Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersFederal Reserve Governor Adriana Kugler’s surprise resignation last week brought back a scenario that seemed to be fading but could have important ramifications for how the central bank conducts policy.With the open seat on the influential central bank board, President Donald Trump now has a number of strategic options, including one where he could appoint a so-called shadow chair whose job would…
Author: usaeverydaylife
Many on Wall Street expect that Novo Nordisk ‘s loss has been Eli Lilly ‘s gain, and this will be good news for the Zepbound maker’s second-quarter results. Novo Nordisk’s stock has cratered about 47% since the start of the year, as doubts emerged about the outlook for its GLP-1 drugs, Ozempic for diabetes and Wegovy for obesity. The company has said its business has been hurt by competition from compounding pharmacies, which are making knock-off versions of its semaglutide, the active ingredient in both brands. This prompted Novo to cut its annual forecast and oust its CEO. Lilly’s business…
Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California.ZooxAmazon’s Zoox has cleared a key regulatory hurdle, paving the way for demonstrations of its self-driving robotaxis.The National Highway Traffic Safety Administration said Wednesday that it granted Zoox an exemption from some requirements, a first for U.S.-built vehicles under a recently expanded program.”Transportation innovators can be confident in getting speedy review of their vehicles and, as appropriate, exemption from Federal Motor Vehicle Safety Standards,” NHTSA Chief Counsel Peter Simshauser said in a release.The company must remove all existing statements that its purpose-built vehicles meet all…
President Donald Trump has tried to justify firing former Bureau of Labor Statistics Commissioner Erika McEntarfer by claiming that her agency’s gold standard employment reports were “rigged” in order to harm him politically.Trump has provided no evidence to support his allegation. Nonetheless, he has repeatedly claimed that the BLS issued “phony” strong-looking jobs numbers during the last year of the Biden administration, only to revise them sharply downward right after the 2024 presidential election.”Just days before the [Nov. 5 presidential] election, they put out numbers that it was like the country was on fire,” Trump claimed Tuesday morning on CNBC’s…
There’s been a lot of chatter around gold lately—and much of it hasn’t been bullish. That’s largely because gold (and, as a result, the GLD Gold ETF ) has failed to reclaim its April highs. But let’s zoom out. Back in October 2023, soon after GLD bottomed, we began tracking the performance spread between GLD and the S & P 500 . Up until the end of 2024, the performances were remarkably even. They didn’t move in lockstep the entire time, but they didn’t drift far apart either. That changed in December. Gold took off while the SPX sputtered — before ultimately collapsing through…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro.) Tim Seymour acknowledges it’s hard to navigate the different trade headlines hitting each day, but investors should realize most of these so-called deals are not “real” news and focus on the company fundamentals instead. The founder of Seymour Asset Management is a buyer of Apple (AAPL) today, but not because CEO Tim Cook is giving President Donald Trump a $100 million peace offering with a promise to manufacture more of its products on U.S. shores. AAPL 1D mountain…
AMD shares tumbled Tuesday despite solid revenue guidance and AI chip optimism, becoming the latest semiconductor casualty in a market where solid execution simply isn’t enough. This earnings season has been brutal for chip stocks: Texas Instruments , ON Semiconductor , Qualcomm , and Arm all posted results that looked good on paper, but were met with steep sell-offs as investors demanded accelerating growth and guidance that clears an ever higher bar. SOXX 1M mountain iShares Semiconductor ETF, 1 month Even Lattice Semiconductor wasn’t spared. Management outlined a confident AI roadmap and said new product sales could could hit the…
Fg Trade | E+ | Getty ImagesA popular student loan forgiveness program, Public Service Loan Forgiveness, has always had its problems.But borrowers pursuing PSLF have faced some especially challenging changes of late that have made it harder — if not impossible — to access the relief.PSLF, which President George W. Bush signed into law in 2007, allows many not-for-profit and government employees to have their federal student loans canceled after a decade of payments.Here are three challenges impacting PSLF borrowers, and what you can do about them.1. Eligibility may change under TrumpPresident Donald Trump signed an executive order on March 7…
Disney shares are under pressure Wednesday after the entertainment giant reported mixed quarterly results. We think it’s an opportunity. Revenue in the three months ended June 28 increased 2% year over year to $23.65 billion, missing expectations of $23.73 billion, according to LSEG. Adjusted earnings per share (EPS) in the fiscal 2025 third quarter totaled $1.61, outpacing the LSEG consensus of $1.47. On an annual basis, adjusted EPS jumped 16%. The stock dropped more than 3% in early afternoon trading. Shares entered the day up a little over 6% year to date, slightly trailing the S & P 500. .SPX…
Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty ImagesApple shares popped 5% Wednesday, ahead of an Oval Office event touting an update to the company’s stated plans to spend and invest in the U.S.CEO Tim Cook will join President Donald Trump for the announcement set for 4:30 p.m. ET.Apple will up its previous commitment, made in February, from $500 billion to $600 billion over the next four years, a White House official told CNBC. It will also announce a new manufacturing…
