House Speaker Mike Johnson speaks to the media after the House narrowly passed a budget bill forwarding President Donald Trump’s agenda at the U.S. Capitol in Washington, May 22, 2025.Kevin Dietsch | Getty ImagesThere’s a stark contrast between high-earners and low-income households in a sprawling legislative package House Republicans passed on Thursday.The bulk of the financial benefits in the legislation — called the “One Big Beautiful Bill Act” — would flow to the wealthiest Americans, courtesy of tax-cutting measures like those for business owners, investors and homeowners in high-tax areas, experts said.However, low earners would be worse off, they said.…
Author: usaeverydaylife
Tesla shares can rebound with an era of major autonomous vehicle-related growth on the horizon, according to Wedbush Securities. Analyst Dan Ives upped his price target on the electric vehicle maker by $150 to $500, which suggests shares can surge 46.6% over the next year. This also marks a new high for Tesla price targets on Wall Street, per LSEG. “We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for Musk & Co.,” Ives wrote in a Friday note to clients.…
Bank of America sees room for Dollar General to run as earnings near. Analyst Robert Ohmes lifted his price target by $15 to $115, suggesting shares can jump 14.3% above Thursday’s close. That marks a new high for price targets on the discount retailer among analysts on Wall Street, according to LSEG. “With the stock at a discount to historical levels & peers, we believe competitive & expense risks are fully reflected in the stock price,” Ohmes wrote to clients in a note. “Increasing visibility on strategic initiatives and share gains from competitor store closures provide a favorable setup for…
JPMorgan moved off the sidelines on Waste Management as the bank sees an improving business outlook. Analyst Tami Zakaria upgraded shares to overweight from neutral. Zakaria’s $277 price target, increased from $225, implies 18.7% upside over Thursday’s close. It’s also the highest on the Street, per LSEG. “WM owns and operates the largest network of landfills in North America with mid-to-high teens % share. This enables WM to have a high internalization rate and retain more of the margin in the supply chain for itself,” Zakaria wrote. “Longer term, WM’s valuation gap vs. peers should narrow.” Zakaria said to expect…
A yacht party hosted by DogeOS during the Token2049 Dubai conference week. Dubai, United Arab Emirates, May 1, 2025Natasha Turak | CNBCDUBAI, United Arab Emirates — On a humid Dubai night in early May, I joined guests gathered on the five-storey, 220-foot long Lotus megayacht to celebrate the culmination of TOKEN2049, a major crypto conference held in the glitzy desert emirate I call home. The party was hosted by DogeOS, the app developer behind the blockchain for Dogecoin, the shiba inu-faced meme coin that saw a rip-roaring rally in 2021 and briefly turned a few bullish buyers into millionaires. It’s part of…
Buildings in Singapore, on Monday, Feb. 17, 2025. Nicky Loh | Bloomberg | Getty ImagesSingapore’s key consumer price gauge came in above expectations in April, data showed Friday, but it remained at a low level and authorities said the risks to inflation were tilted to the downside given the uncertain global economic environment.The annual core inflation rate, which excludes private road transport and accommodation costs, was 0.7% in April, above the median forecast of 0.5% in a Reuters poll of economists and also the March reading of 0.5%.Headline inflation was 0.9% in annual terms in April, steady with March’s reading and a notch higher than economists’ forecast of…
Traders work on the floor of the New York Stock Exchange on March 13, 2025. NYSEStock futures slipped early Friday as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy.Futures tied to the Dow Jones Industrial Average ticked lower 15 points, or 0.04%. Nasdaq 100 futures dipped 0.09% while S&P 500 futures traded flat.In regular trading, the S&P 500 closed just below the flatline, as did the 30-stock Dow. Both posted their third consecutive losing day. The Nasdaq Composite was the outlier, rising about 0.3%.Early Thursday, members of the House of Representatives cleared President Donald Trump’s…
Congressional lawmakers at a mark up meeting with the House Budget Committee on Capitol Hill on May 16, 2025 in Washington, DC, U.S.Anna Moneymaker | Getty Images News | Getty Images U.S President Donald Trump’s “big, beautiful” tax bill was passed by the House of Representatives Thursday and is headed to the Senate for approval.If the bill clears that hurdle and becomes law, it “reduces taxes for lots of people, it increases spending, especially on defense,” said Jed Ellerbroek, portfolio manager at Argent Capital Management, in an interview with CNBC. Simply put, it will boost the economy in the short term,…
People stand in front of an Apple store in Beijing, China, on April 9, 2025.Tingshu Wang | ReutersApple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market.The iPhone 15 Pro Max now has a trade-in value of up to 5,700 Chinese yuan ($791), an increase from 5,625 yuan previously. For reference, a brand new iPhone 15 Pro Max starts at 7,999 yuan in China. The iPhone 15 Pro model can now be traded in for up…
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics.Jaap Arriens | Nurphoto | Getty ImagesBYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last month — a “watershed moment” for the region’s car market, according to a report from JATO Dynamics. New car registrations data from the automotive intelligence firm shows that BYD’s Europe volumes rose 359% in April from last year as the company continues its global expansion efforts.Over the same…
