The stock market continues to be extraordinary in the face of distressing headlines, but the growing concentration risk has more investors on edge. The S & P 500 is back at all-time highs as the bull case on Wall Street plays out. The artificial intelligence buildout is ramping up. Corporate earnings are topping expectations. Interest rate cuts seem inevitable, likely coming next month. On top of all that, the One Big Beautiful Bill will be stimulative for an economy where consumers are still spending. But the market’s ascent at a time of seasonal weakness and ongoing inflation concerns has many…
Author: usaeverydaylife
Lisa Bucci, Hurricane Specialist, works near screens showing Tropical Storm Erin as they continue to track its progress on August 13, 2025 at the National Hurricane Center in Miami, Florida. Joe Raedle | Getty ImagesErin strengthened into a powerful Category 4 hurricane in the Caribbean on Saturday and continues to intensify, the National Hurricane Center said.The storm is currently 150 miles (240 kilometers) northeast of Anguilla with maximum sustained winds of 145 mph (230 kph). It is moving west-northwest at 20 mph (31 kph).It is currently not forecast to hit land, but strong winds are affecting nearby islands, prompting forecasters…
Being recognized as a resilient person feels great. Weathering the tough moments that build resilience is less glamorous.Developing emotional endurance, or the ability to withstand stress or discomfort without letting negative emotions overtake you, can help that process feel less grueling and more like an opportunity to learn and grow, Columbia University-trained psychologist Becky Kennedy tells CNBC Make It. “The more we understand that the frustration and struggle is actually a sign we’re [learning], not a sign we’re doing something wrong, it becomes a lot easier to tolerate,” says Kennedy, a New York-based clinical psychologist and host of the “Good Inside”…
Company: Avantor (AVTR)Business: Avantor is a life science tools company and global provider of mission-critical products and services to the life sciences and advanced technology industries. The company’s segments include laboratory solutions and bioscience production. Within its segments, it sells materials and consumables, equipment and instrumentation and services and specialty procurement to customers in the biopharma and health care, education and government and advanced technologies and applied materials industries. Materials and consumables include ultra-high purity chemicals and reagents, lab products and supplies, highly specialized formulated silicone materials, customized excipients and others. Equipment and instrumentation include filtration systems, virus inactivation systems,…
The market wants a Federal Reserve interest-rate cut soon, but it doesn’t want to need one. Wall Street economists are fixated on identifying tariff effects, yet stocks either celebrated or shrugged off three warm and sticky inflation readings this week, laboring to hold near record highs. The S & P 500 immediately processed a moderately elevated consumer price index report Tuesday as solidifying the chances for a September cut by the Fed into a still-steady economy, logging on that day slightly more than what would become a 0.9% gain for the week. Notably, over the next three days — through…
In 2014, Apple and Samsung were duking it out to rule the U.S. smartphone market. Samsung was selling devices with large screens, and iPhone fans were demanding a response.It took Apple some time, but the company finally released the iPhone 6, breaking with previous iterations and giving consumers a large-screen option. The iPhone won.But more than a decade later, recent smartphone sales and shipment figures signal that the Apple-Samsung fight has returned. And once again, it’s all about the screen.In the second quarter, shipments from Samsung surged in the U.S., with its market share rising from 23% to 31% from the…
Stocks such as eBay and Intel are among Wall Street’s most overbought names this week and could see a pullback ahead, according to one popular technical metric. Each of the three major U.S. indexes hit all-time highs this week. The records followed improved investor sentiment after fresh consumer inflation data supported hopes for an interest rate cut from the Federal Reserve’s September meeting. The S & P 500 and Nasdaq Composite gained 0.9% and 0.8% week to date, respectively, while the 30-stock Dow Jones Industrial Average added 1.7%. After this week’s rally, we used the CNBC Pro stock screener tool…
WASHINGTON — Washington, D.C.’s police chief is the force’s top official once again, after the Trump administration rescinded an order that stripped her of power less than a day after U.S. Attorney General Pam Bondi issued it.As part of an agreement struck Friday between attorneys from the Department of Justice and D.C. Attorney General Brian Schwalb’s office, Drug Enforcement Administration Chief Terry Cole will now be considered Bondi’s “designee,” instead of the emergency police chief, a position Bondi sought in her original order that claimed federal control of the department.The agreement allows Metropolitan Police Department Chief Pamela Smith to maintain…
Geoffrey Hinton’s message on a recent podcast about artificial intelligence was simple: “Train to be a plumber.”Hinton, a Nobel Prize-winning computer scientist often called “the Godfather of AI,” said in June what people have now been saying for years: Jobs that include manual labor and expertise are the least vulnerable to modern technology than some other career paths, many of which have generally been considered more respected and more lucrative.”I think plumbers are less at risk,” Hinton said. “Someone like a legal assistant, a paralegal, they’re not going to be needed for very long.”Even with the dramatic rise of AI and the…
Ukrainian President Volodymyr Zelenskyy attends a press conference with German Chancellor Friedrich Merz (not pictured), on the day they attend a virtual meeting with U.S. President Donald Trump and European leaders on the upcoming Trump-Putin summit on Ukraine, in Berlin, Germany, August 13, 2025. Liesa Johannssen | ReutersUkrainian President Volodymyr Zelenskyy said he would travel to Washington on Monday for talks with U.S. President Donald Trump, after Trump’s summit with Russia’s Vladimir Putin failed to bring an immediate ceasefire in Ukraine or a plan to achieve one.Zelenskyy said Trump had invited him on Saturday in a phone call that lasted…
