Snowflake Inc. signage on the floor of the New York Stock Exchange in New York, US, on Jan. 2, 2025.Michael Nagle | Bloomberg | Getty ImagesSnowflake shares jumped 12% on Thursday, climbing to their highest level since early last year after the data analytics company reported better-than-expected quarterly results.Revenue in the fiscal first quarter of 2026 jumped 26% to $1.04 billion from $828.7 million a year earlier, and topped the $1.01 billion average LSEG estimate. It’s the first time the company, which went public in 2020, has recorded more than $1 billion in sales in a quarter.Adjusted earnings per share…
Author: usaeverydaylife
President Donald Trump’s tariffs are designed to provide incentives to bring manufacturing jobs back to the United States, but the goal isn’t as feasible as it appears, according to an analysis from Wells Fargo. Moving factory work back to the U.S would mean a significant increase in labor costs, which many companies simply could not afford, the Wall Street bank said. Even if they are willing to absorb or pass the higher prices onto consumers, companies are challenged by an already tight labor market for production workers. “A meaningful increase in factory jobs does not appear likely in the foreseeable…
Herbert Stein was an American economist and chairman of the Council of Economic Advisers under Presidents Richard Nixon and Gerald Ford. He coined “Stein’s Law,” which states: “If something cannot go on forever, it will stop.” Nobody told Congress, which controls the nation’s purse strings. The U.S. debt continues to rise by ever larger amounts. The chart below illustrates that the aggregate of U.S. debt is ~ 1.3x the size of the U.S. economy. The debt is larger relative to the economy now than it was at the end of World War II. The debt percentage would fall at that…
Sarah Jo Marcotte, an educator from Vermont, holds a sign that reads “Here for my students!! Cuts Hurt.” outside of the U.S. Department of Education on March 20, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesA federal judge ordered the Trump administration on Thursday to reinstate more than 1,300 U.S. Department of Education employees.”The Department must be able to carry out its functions and its obligations,” as well as “other relevant statutes as mandated by Congress,” U.S. District Judge Myong Joun in Boston wrote in the preliminary injunction.The U.S. Department of Education announced a reduction in force on March 11…
A view of the gates to the CIA property after a person shot outside Central Intelligence Agency (CIA) Headquarters by security guards in McLean, Virginia, United States on Thursday, May 22, 2025. Kyle Mazza | Anadolu | Getty ImagesA woman was shot and wounded at CIA headquarters after crashing into a gate there early Thursday morning, NBC News reported.The woman has been preliminarily identified as 27-year-old Monia Spadaro, two senior law enforcement officials briefed on the incident told NBC.The officials are investigating whether Spadaro was intoxicated during the incident on CIA property in Langley, Virginia. She is being treated for…
A customer carries an Apple MacBook Pro laptop outside an Apple store in Walnut Creek, California, US, on Wednesday, April 30, 2025. David Paul Morris | Bloomberg | Getty ImagesApple devices will power a hospital in Georgia, a first for the company as it continues its push into the health-care sector. Emory Healthcare on Thursday announced that its Emory Hillandale Hospital will be the first U.S. hospital that runs on Apple products, including the iPad, iPhone, Apple Watch, iMac and Mac mini. The devices will also integrate with software from Epic Systems, the leading electronic health record vendor in the nation. Hillandale…
JPMorgan is bullish on Goodyear Tire & Rubber , as the company is not only executing on its transformation plans but can also serve as a hideout from tariff pressures. Analyst Ryan Brinkman assigned an overweight rating to the stock. He also lowered his year-end price target by $1 to $17, but that still suggests shares could gain 61.9% from Wednesday’s close. Hype has been building around Goodyear Tire’s major transformation efforts , which were revealed after activist investor Elliott Investment Management took a stake in the company in 2023. Goodyear’s “Goodyear Foward” two-year transformation plan ends in December, but…
Bitcoin is trading at new all-time highs but there’s likely even more upside to come, according to Rosenblatt Securities. The flagship cryptocurrency scored a new record overnight , climbing above $111,000, after rising above its January high on Wednesday. The biggest catalyst for the move higher has been easing trade tensions between the U.S. and China and the Moody’s downgrade of U.S. sovereign debt, which has highlighted alternative stores of value — including bitcoin. Instead of a fast rally to a new all-time high, as long-time bitcoin observers are used to, it’s been a steady climb in recent weeks, supported…
Alphabet Chief Investment Officer Ruth Porat (L) and Nvidia CEO Jensen Huang (R) wait to meet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025.Brendan Smialowski | Afp | Getty ImagesTechnology giants OpenAI, Oracle, Nvidia and Cisco are joining forces to help build a sweeping Stargate artificial intelligence campus in the United Arab Emirates.”AI is the most transformative force of our time,” said Nvidia CEO Jensen Huang in a release Thursday. “With Stargate UAE, we are building the AI infrastructure to power the country’s bold vision – to empower its people, grow its economy, and…
Traders work on the floor of the New York Stock Exchange on May 21, 2025 in New York City. Spencer Platt | Getty ImagesStocks were unchanged Thursday following a sizable sell-off on Wall Street as worries about a ballooning deficit deepened. The 30-year Treasury yield hit its highest since October 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit.The Dow Jones Industrial Average slipped 32 points, or 0.1%. The S&P 500 fell 0.1%, while the Nasdaq Composite traded marginally above flat.In a party line vote early Thursday, House members approved the bill that includes lower…
