A stock market riding a heater of historic intensity into last week didn’t need to look far to find a few tidy excuses to cool off. Perched atop a 23% ramp from the tariff tantrum low in early April and sitting just 3% below its all-time peak from three months earlier, the S & P 500 was handed a Moody’s downgrade of U.S. government debt, a fevered Treasury-market sell-off stoking overwrought talk of fiscal breaking points and the re-emergence of punitive presidential tariff threats against the two transnational economic blocs, the EU and Apple. A week ago here, after running…
Author: usaeverydaylife
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025.Thomas Simonetti | Bloomberg | Getty ImagesORLANDO, Florida — With the grand opening of Epic Universe on Thursday, Comcast is positioning its Universal Studios Orlando Resort as a destination, not a pit stop.For years, Universal’s Florida-based resort has played second fiddle to rival Disney. While it boasted three theme parks — Universal Studios Florida, Universal Islands of Adventure and water park Volcano Bay — and a handful of hotels, it wasn’t viewed as a destination.”This fourth gate changes everything,” said Karen Irwin, president…
According to a recent report from Tripadvisor, Americans looking to travel domestically this summer want a blend of bustling city activities and laid-back beach vacations.The report ranked the top domestic summer travel destinations for U.S. travelers using two key sources: an online survey of over 2,800 consumers conducted between March 26 and April 8, 2025, and searches made by travelers on Tripadvisor between February 1 and April 10, 2025, for travel between June 1 and August 31, 2025.The state of Florida has the most cities in the top 10, something that Hilary Fischer-Groban, Senior Director of Global Brand, Insights and…
The Harvard University seal on the university’s campus in Cambridge, Massachusetts, US, on Monday, May 5, 2025. Mel Musto | Bloomberg | Getty ImagesU.S. President Donald Trump said on Monday he is considering taking $3 billion of previously awarded grant money for scientific and engineering research away from Harvard University and giving it to trade schools.His comments on his social media platform Truth Social come less than a week after his administration sought to block the Ivy League school from enrolling foreign students as part of Trump’s extraordinary effort to seize some government control of U.S. academia.Trump, a Republican, has…
President Donald Trump last week increased the pressure on Apple over foreign-made iPhones in a scathing social media post that also intensified the overall stock market sell-off. In the week ahead, another great American tech giant — Club name Nvidia — will be in the spotlight. Following trade optimism the prior week, the S & P 500 went right back into the soup, with a weekly drop of 2.6%. The Nasdaq fell nearly 2.5% last week. Both of those weekly drops were the worst in more than a month. Apple was our worst-performing stock of the week, down almost 7.6%.…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Billionaire Daniel Lubetzky built his fortune on Kind snack bars made with nuts, fruits and whole grains. He sold a controlling stake in Kind Snacks to food giant Mars in 2020. Through his family office Camino Partners, he has backed other popular consumer brands like fast-casual chain Cava, hair care brand Prose and Belgian Boys breakfast items. Camino, founded in 2023, has recently widened its focus…
When Jeremiah Chamberlain and his wife, Harriet, started their 3D-printing business in March last year, tariffs weren’t high on their list of challenges to prepare for.”We didn’t expect to have this type of panic arise,” said Chamberlain, the owner-operator of Corvidae Creations in Hammond, Louisiana. But in the months since President Donald Trump took office and kicked off a freewheeling global trade war, Chamberlain has spent a few thousand dollars more on 3D printers from China. Chinese-made goods currently face a U.S. tariff rate of at least 30%, down temporarily from 145% just weeks ago.Chamberlain has already ditched a Chinese supplier after it raised…
It’s confirmed Warren Buffett won’t take the stage at Berkshire Hathaway ‘s annual meeting next year, with the Oracle of Omaha set to step down as CEO at the end of 2025. The investment sage, who is turning 95 years old in August, is handing over the reins after a legendary six-decade run at the conglomerate. Its annual meetings, known as “Woodstock for Capitalists,” is a chance for Buffett to share his views on markets, investing and life in general. This year, he made headlines by opining on global trade policy, the market’s recent volatility and much more. For Buffett…
Security officers block entrance doors after pro-Palestinian protesters attempted to enter the Microsoft Build conference at the Seattle Convention Center Arch building in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty ImagesAt Microsoft’s annual Build conference on Tuesday, Executive Vice President Jay Parikh’s keynote was interrupted by an employee protesting the company’s contracts with the Israeli government. The protester at the Seattle Convention Center was quickly whisked away by security guards, including some undercover agents dressed like attendees.More than 800 miles south in Mountain View, California, security guards lined the mainstage of Google I/O, where Alphabet…
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois.Scott Olson | Getty ImagesSet your alarm. Southwest Airlines customers have only one day to go before the company starts charging to check bags for the first time in more than half a century.Starting Wednesday, Southwest will end its blanket “two bags fly free” policy.It was a perk that was sacrosanct among customers and the airlines’ longtime executives alike, setting the airline apart from competitors. But baggage fees brought in nearly $7.3 billion for U.S. airlines last year, according to federal data,…
