The rebel coalition that seized control of Syria last month appointed its leader, Ahmed al-Shara, as president of the country to preside over a transitional period, Syrian state media reported on Wednesday.A spokesman for the coalition, Col. Hassan Abdel Ghani, also declared that the Constitution had been nullified and the legislature and army formed under the country’s deposed dictator, Bashar al-Assad, were dissolved, according to Syria’s state news agency, SANA.The declarations amounted to the country’s first official steps toward establishing a new government after the rebel coalition, Hayat Tahrir al-Sham or H.T.S., swept into the capital, Damascus, last month in…
Author: usaeverydaylife
Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower interest rates. Speaking after the central bank’s decision to hold interest rates steady, Powell said he has had “no contact” with the president since Trump’s remarks last week.”I’m not going to have any response or comment whatsoever on what the president said. It’s not appropriate for me to do so. The public should be confident that we will continue to do our work as we always have, focusing on using…
The market fallout from concerns over DeepSeek was a “watershed event” that led to a buying opportunity in certain areas within tech, according to BlackRock’s Rick Rieder. The sector was rocked on Monday after Chinese artificial intelligence lab DeepSeek said it had a free, open-sourced large language model that only took two months and less than $6 million to build. AI darling Nvidia plunged 17% on the news , recovered 8.8% on Tuesday and was in the red again during the trading day Wednesday. “It was really a reevaluation, which I thought was healthy,” Rieder said of Monday’s tech rout,…
The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed’s 2% mandate.The move comes after the central bank cut its benchmark interest rate by a full percentage point last year and in the wake of President Donald Trump’s comment during his first week back in office that he’ll “demand that interest rates drop immediately.”The latest CNBC Fed Survey showed expectations for only two rate cuts later in the year, the same number penciled in by Federal Reserve officials in their recent forecasts.”While inflation concerns have significantly abated, they still remain,” said Michele Raneri, vice president and…
Former U.S. President Donald Trump speaks to members of the media amid his trial on charges of covering up hush money payments linked to alleged extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024.Angela Weiss | Via ReutersPresident Donald Trump’s lawyers on Wednesday formally notified a New York state court of Trump’s intent to appeal his criminal conviction on charges stemming from hush money paid to a porn star.In the notice, Trump’s lawyers said they would appeal both the jury’s May 30, 2024, guilty verdict and Justice Juan Merchan’s Jan. 10, 2025, sentence of unconditional…
DAYTONA BEACH, Fla. — It’s a scene inside the Lemerand Center on an unfairly cold Wednesday night in early January.A junior college men’s basketball game is happening in a 1,000-seat gym. Everyone is here for that, including two players who were never supposed to be. But play has been paused. Security is defusing an altercation between the Daytona State College and Santa Fe College women’s hoops teams, who faced off earlier and are now pointing and yelling at each other across the bleachers. One of the Santa Fe players holds back a teammate by yanking on her shirt.Some of this owes…
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead.In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%.The decision followed three straight cuts since September 2024 worth a full percentage point and marked the first Fed meeting since frequent Fed critic Donald Trump assumed the presidency last week and almost immediately made known his intentions that he wants the central bank to cut…
Danaher shares are under pressure Wednesday as the Club holding’s fourth-quarter earnings results came in mixed and guidance disappointed. The company long known for its operational excellence is further testing our patience. Revenue for the three months ended Dec. 31 advanced 2% year over year on a reported basis, to $6.54 billion, outpacing the LSEG consensus estimate of $6.43 billion. On an organic basis, sales were up 1% versus the year-ago period. Adjusted earnings per share (EPS) increased 2.4% annually, to $2.14, but it came up short versus the $2.16 consensus estimate, LSEG data showed. It’s the first time Danaher…
Earnings season is underway, and some companies that are due to report earnings in the near future could post disappointing results, according to analysts’ predictions. As of Wednesday, around one in five S & P 500 companies have reported results so far, and their earnings and revenue have performed better than the same period a year ago, per FactSet data. Of those, more than 76% have beaten Wall Street’s expectations. That said, analysts have reduced their fourth-quarter earnings estimates for several names. With that in mind, CNBC Pro screened for those reporting next week where analysts have grown more bearish,…
Despite investors’ jitters over the debut of the DeepSeek artificial intelligence app, Goldman Sachs remains confident in the stock market. “In our view this is a correction and not the start of a sustained bear market,” chief global equity strategist Peter Oppenheimer wrote in a 16-page note to clients on Wednesday, entitled “Concentration & Correction – what to do next”. While U.S. equities, led by the Magnificent Seven stocks — have dominated the global market, Oppenheimer said this outperformance isn’t “irrational exuberance,” but just a reflection of superior fundamental businesses. Tech’s influence on the broader market’s performance has reflected the…
