A tech giant and a fast-food stock are promising growth plays, even as they have had a rough 2025 thus far, according to Eric Clark, chief investment officer at Accuvest Global Advisors. Clark named Amazon and burrito chain Chipotle Mexican Grill as some of his favorite stocks during CNBC’s “Three-Stock Lunch” segment on Wednesday. The investor also said he is steering clear of small-cap stocks. Amazon Shares of the e-commerce giant jumped 2% Wednesday after The New York Times reported , citing three people familiar, that the company has put in a bid to acquire video app TikTok. Amazon also…
Author: usaeverydaylife
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025.Saul Loeb | Via ReutersApple slid almost 6% in late trading on Wednesday and led a broader decline in tech stocks after President Donald Trump announced new tariffs of between 10% and 49% on imported goods.The majority of Apple’s revenue comes from devices manufactured primarily in China and a handful of other…
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. Julia Demaree Nikhinson | Getty ImagesAmazon submitted a bid to the White House to purchase the social media app TikTok from its Chinese owners, CNBC has confirmed.The company sent its proposal in a letter this week to Vice President JD Vance and Commerce Secretary Howard Lutnick, according to a source familiar with the…
Investors looking to cushion their portfolios in the midst of the recent market volatility may be turning to dividend-paying stocks. Equities are off to a rocky start so far this year thanks to uncertainty around President Donald Trump’s tariffs and the economy. On Wednesday, the market fell ahead of the tariff rollout, expected in the afternoon, and then recovered. Trump has said the levies will be reciprocal and will “start with all countries.” Stocks with consistent dividends are often thought of as ballast in market storms, since the income generated can help offset any declines in the share price. “Dividends…
A trader works on the floor at the New York Stock Exchange in New York City, U.S., April 2, 2025.Brendan McDermid | ReutersU.S. stocks fell in after hours trading as President Donald Trump unveiled sweeping tariffs of a minimum 10%, but even higher for some countries.The SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, lost about 2% in after hours trading. The Invesco QQQ ETF, which corresponds to the Nasdaq-100 Index, shed 3.3%. The SPDR Dow Jones Industrial Average ETF Trust (DIA) lost 1%.Shares of companies that are big importers were hit in extended trading Wednesday evening. Nike…
Eric Trump says his family was “the most canceled company, probably on Earth.”That was then. With his dad, President Donald Trump, back in the White House, he sees a new money-making opportunity. “It actually is what drove us toward cryptocurrency,” the president’s middle son told CNBC, referring to the Trump family’s latest business endeavors. “You realize that cryptocurrency was a lot faster, it was a lot more pragmatic, it was a lot more transparent, it was exponentially cheaper.”In 2022, about two years after the end of President Trump’s first term, two subsidiaries of the Trump Organization were convicted by a…
About once a week last summer, Jim Riggleman found himself checking the Pittsburgh Pirates schedule to see when Paul Skenes pitched next.Riggleman spent almost five decades in baseball. He managed five major league teams and coached for four other clubs, but never the Pirates. And yet here he was, 72 years old and out of the game, reaching for the TV remote at his home near Clearwater, Fla., and watching the last-place Pirates. That’s the effect Skenes, the National League’s reigning Rookie of the Year and current Cy Young favorite, has on baseball people.“It looks almost effortless out there,” Riggleman…
Democratic senators sent a letter to the Trump administration on Wednesday criticizing what they called the paltry U.S. aid response to the earthquake in Myanmar, where China and Russia have sent rescue and relief teams.The six senators said in the letter that the United States appeared to be failing the first test of its ability to respond to a humanitarian crisis in the wake of the Trump administration’s drastic cuts to foreign aid and dismantling of the United States Agency for International Development, the main aid agency.“We are deeply concerned that the administration’s response is failing to meet both our…
If President Donald Trump’s long-awaited tariff announcement on Wednesday results in a full-blown trade war with China, Goldman Sachs has some ideas of stocks to avoid. Trump is slated to unveil his trade plans , which were a focal point of his election campaign, at 4 p.m. ET. While the full policy is not yet known, Trump said it is intended to be “reciprocal,” and White House press secretary Karoline Leavitt said any levies should be going into effect immediately. Uncertainty around these taxes on trade partners has hampered the stock market. The S & P 500 has fallen more…
After a rough start to the year, President Donald Trump is going to do what he can to get the stock market back on track, according to Fundstrat’s Tom Lee. The S & P 500 has lost about 3.7% so far in 2025 as investors have been rattled over fickle and potentially draconian trade policy and the impact it could have on consumers and companies. Though Trump during his first term had used market performance as a yardstick for progress, he has seemed less preoccupied with Wall Street this time around. That could change with the president making his “liberation…
