U.S. Attorney General Pam Bondi discusses a drug enforcement-related announcement during a press conference at DEA Headquarters in Arlington, Virginia, U.S., July 15, 2025. Umit Bektas | ReutersThe Department of Justice on Thursday asked California sheriffs for data on their inmates who are not U.S. citizens — including the crimes they committed and their release dates — in the latest escalation of President Donald Trump’s mass-deportation plans.The federal law enforcement agency said it told sheriffs in Los Angeles, San Francisco and other California counties to turn over “lists of all inmates in their jails who are not citizens of the…
Author: usaeverydaylife
U.S. consumers have proved economic pessimists wrong multiple times over the last few years, and they appear to be on their way to doing that again this summer. The June retail sales data came in hotter than expected, rising 0.6% month over month, the Census Bureau said Thursday. That easily topped the 0.2% monthly gain expected by economists, according to Dow Jones, and helped offset declines in prior months that were weighed down by weak auto sales. “Consumers are flexing their spending muscle again. After May’s slump, a 0.6% jump in retail sales shows that the American shopper is alive…
White House Press Secretary Karoline Leavitt holds a press briefing at the White House in Washington, D.C., U.S., July 17, 2025. Nathan Howard | ReutersPresident Donald Trump “would not recommend a special prosecutor” to review the handling and files of the criminal case against the late serial sexual abuser Jeffrey Epstein, the White House said Thursday.Even so, Trump “is in agreement with some of the leaders on Capitol Hill that if” Attorney General Pam Bondi and the Justice Department “come across any other credible evidence, they should provide that to the American people,” White House press secretary Karoline Leavitt told…
Private market investments could make an appearance in your 401(k) retirement plan soon, and a handful of asset managers are poised for a tailwind, according to Deutsche Bank. Earlier this week, The Wall Street Journal reported , citing people familiar with the matter, that the Trump administration is working on an executive order that would facilitate 401(k) plans’ access to private market investments. This order, the people told the Journal, would call on the Department of Labor and the Securities and Exchange Commission to offer guidance to plan administrators and employers on how to include these assets in retirement plans.…
(L-R) US First Lady Melania Trump, US President Donald Trump, FIFA President Gianni Infantino and his wife Leena Al Ashqar attend the FIFA Club World Cup 2025 final football match between England’s Chelsea and France’s Paris Saint-Germain at the MetLife Stadium in East Rutherford, New Jersey on July 13, 2025. Charly Triballeau | AFP | Getty ImagesPresident Donald Trump underwent a comprehensive medical exam that revealed he has a common vein disorder, but cleared him of more serious illnesses, the White House said Thursday.The White House disclosed the 79-year-old president’s medical information in response to speculation after photos showed Trump…
The US Capitol is seen in Washington, DC, on July 16, 2025. Alex Wroblewski | AFP | Getty ImagesThe U.S. House of Representatives passed a bill on Thursday that would develop a regulatory framework for cryptocurrencies and expand the Commodity Futures Trading Commission’s oversight of the industry.The move is a major win for the digital asset industry, which has pushed for federal legislation for years and spent heavily in last year’s elections to promote pro-crypto candidates. Source link
Shares of Abbott Laboratories fell Thursday after the diversified health-care company delivered a solid second quarter but left investors disappointed with forward guidance. Revenue in the three months ended June 30 rose 7.4% to $11.14 billion, outpacing the $11.07 billion consensus estimate, according to estimates compiled by LSEG. Organic sales , excluding Covid testing results, rose 7.5%, beating the 7.2% estimate, according to FactSet. Adjusted earnings per share (EPS) increased 10.5% on an annual basis to $1.26, edging out expectations by a penny, LSEG data showed. Why we own it Abbott is a high-quality medtech company. The stock has dealt…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — A business that makes itself indispensable to its customers ends up being a business with a defensible moat, predictable cash flow, SG & A expenses in check and a happy employee culture. I like to think I am running such a business in wealth management — by incorporating tax and insurance in-house for wealth management clients, we’ve made ourselves indispensable. The more our clients come to rely on us for, the higher the engagement, the less…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were higher Thursday as the market continued to make its way through second quarter earnings season. Gains in the technology and industrials sectors were lifting the S & P 500 , while real estate and health care weighed on the index. Job cuts: Amazon cut jobs at its Amazon Web Services cloud computing division, the company confirmed on Thursday. The size and scope of the layoffs were unclear, but…
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC.Allison Robbert | Getty ImagesThe Securities and Exchange Commission has agreed to give Elon Musk more time to respond to its lawsuit over his alleged failure to properly disclose purchases of Twitter stock before bidding to buy the company.In a motion filed Thursday in U.S. District Court in Washington, the SEC said it had reached a joint agreement with Musk to push back the deadline for his response to Aug. 29. The…
