U.S. President Donald Trump and British Prime Minister Keir Starmer react after picking up the trade agreement with the U.K. papers that Trump dropped as they speak to the media during the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | ReutersPresident Donald Trump’s sweeping tariff powers and recent trade deals could soon run into a legal buzzsaw.A federal appeals court is set to hear oral arguments next week in a high-profile lawsuit challenging Trump’s stated authority to effectively slap tariffs at any level on any country at any time, so long as he deems them necessary…
Author: usaeverydaylife
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesAt Tesla, vehicle sales are slumping, profits are thinning and revenue from regulatory credit sales are poised to dry up due to Republican-led policy changes.In the past, CEO Elon Musk’s futuristic promises have convinced investors to look past top and bottom line numbers.Not now.Following another fairly dismal earnings report this week, Musk told analysts on the call that Tesla’s electric vehicles will soon become driverless, making money for owners…
Stocks including Northrop Grumman and Advanced Micro Devices appear overbought after this week’s rally, according to one widely used technical metric. The three major U.S. indexes notched strong gains this week, powered by a slew of positive earnings reports and developments on trade deals. The S & P 500 rose 1.5% in the period after recording five record closes this week alone and notching 14 total record closes this year. The 30-stock Dow gained roughly 1.3% this week, and the Nasdaq Composite rose 1%. Stocks that popped during this winning run could be on risky ground moving forward, though. Using…
Chinese Premier Li Qiang spoke at the opening of the World Artificial Intelligence Conference in Shanghai on Saturday, July 26, 2025.Bloomberg | Bloomberg | Getty ImagesSHANGHAI — The tech race between the world’s two largest economies just intensified.China on Saturday released a global action plan for artificial intelligence, calling for international cooperation on tech development and regulation.The news came as the annual state-organized World Artificial Intelligence Conference kicked off in Shanghai with an opening speech by Premier Li Qiang, who announced that the Chinese government has proposed the establishment of a global AI cooperation organization, according to an official readout.Days…
Bank of America said this week it sees a host of companies that are well positioned ahead of earnings. Analysts named stocks like Amazon that have compelling valuations or expected catalysts as quarterly reporting season continues. Other buy-rated names it cited include: Anheuser-Busch InBev, Oddity Tech , Bilibili and AppLovin. Oddity Tech The global beauty tech platform is firing on all cylinders, the firm wrote. Analyst Anna Lizzul praised the company’s “innovative” digital offering in a recent note and says it has a wide moat for growth. “With the vast majority of its sales direct-to-consumer (DTC) we see ODD at…
Gwyneth Paltrow attends the 26th annual ELLE Women in Hollywood in Los Angeles, California.Mario Anzuoni | ReutersData company Astronomer may be making lemonade by hiring Gwyneth Paltrow as a “temporary spokesperson” to answer questions in the wake of a viral “kiss cam” video.The company made headlines after internet sleuths identified its CEO and chief people officer as the man and woman seen embracing and then hiding their faces on a “kiss cam” at a July 16 Coldplay concert. Both have since resigned.Paltrow appeared in a television-style spot on Astronomer’s social media on Friday making a pitch for the company’s everyday…
Members of the police walk near the clubhouse of Trump Turnberry resort, during U.S. President Donald Trump’s visit to Scotland, in Turnberry, Scotland, on July 26, 2025.Phil Noble | ReutersU.S. President Donald Trump, dogged by questions about his ties to disgraced financier and sex offender Jeffrey Epstein, arrived in Scotland on Friday for some golf and bilateral talks that could yield a trade deal with the European Union.Trump told reporters upon his arrival that he will visit his two golf properties in Scotland and meet with British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen, whom…
American gated communities have evolved to fit a variety of budgets, lifestyles and needs. They aren’t just a haven for retirees or the ultra-wealthy, although those communities are still prevalent. Florida and California have the highest number of gated communities, in part because of weather and space. Retirees in particular chose Florida in the 1970s because of the lower taxes. CNBC toured three gated communities in Palm Beach County, Florida. The most desirable neighborhoods tout amenities like golf access, water access, or “concierge-style living,” said Lindsey Tronolone, realtor at The Jupiter Group at Compass. “The market is changing for gated communities that have really…
Luis Alvarez | Digitalvision | Getty ImagesStudent loan forgiveness may be taxable againThe American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision. In theory, lawmakers could move to protect the relief from taxes before the end of the year, but borrowers shouldn’t count on it, experts say.”Republicans do not like [student loan] forgiveness, and are unlikely to make it tax-free,” said higher education expert Mark Kantrowitz.Without action from Congress, student loan…
Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images)Ian West – Pa Images | Pa Images | Getty ImagesA 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.Auction sales have been declining for the third year in a row, as dealers, auctioneers and collectors ponder a…
