Author: usaeverydaylife

Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa, Ontario, Canada, on Wednesday, Sept. 4, 2024. David Kawai | Bloomberg | Getty ImagesThe Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage.U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday. Canada sends 75% of all goods and services exports to the United States.”A long-lasting and broad-based trade conflict would badly…

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks were mixed Wednesday ahead of the Federal Reserve’s interest rate decision in the afternoon. The S & P 500 and Nasdaq slipped, while the Dow ticked slightly higher. “We may hear that rate cuts are not as visible,” Jim Cramer said. “[But] the fact that we don’t have rate cuts yet doesn’t mean that the Fed is against us. Those who think that are short-sighted.” Wall Street is also still digesting market…

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Back in December, I laid out a bullish thesis on Dexcom (DXCM) where we sold a Jan $80 Put for $4.50. Those options have expired worthless, and we collected 100% of the maximum gain and the stock has recently broken out above its trading range, I see a new opportunity to seek further upside exposure. After successfully capturing the premium from our January $80 puts, I’m now rolling those gains into a call spread while taking on no additional risk. DXCM remains well-positioned in the continuous glucose monitoring (CGM) market, where it continues to fend off competition and expand its…

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Several Wall Street firms agree: Amazon has the strongest setup among the megacap tech companies heading into earnings season. Will the e-commerce and cloud giant live up to the hype? Roth MKM, Barclays, and Cantor Fitzgerald all doubled down on Amazon, naming it their top pick among the Magnificent Seven tech giants set to report in the coming weeks. Analysts cited Amazon’s steady e-commerce growth, rising advertising profits, cost-cutting efforts, and a booming Amazon Web Service cloud business driven by artificial intelligence as key reasons for their convictions. “We like Amazon most heading into Q4 earnings as growth is steady,…

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Walt Nauta, personal aide to former U.S. President Donald Trump who faces charges of being Trump’s co-conspirator in the alleged mishandling of classified documents, walks with Trump during a LIV Golf Pro-Am golf tournament at the Trump National Golf Club in Sterling, Virginia, U.S. May 25, 2023. Jonathan Ernst | ReutersThe Department of Justice on Wednesday ends its attempt to prosecute two men for their alleged efforts to help their former co-defendant President Donald Trump hide classified government documents from officials seeking their recovery.The DOJ, in a court filing, asked to voluntarily dismiss an appeal that sought to revive its criminal…

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This year’s Ohio State-Notre Dame national championship felt like a really big deal in Atlanta. A mural of the trophy adorned the high-rise Signia Hotel adjacent to Mercedes-Benz Stadium. Buckeyes and Fighting Irish fans were everywhere. At long last, it felt like the College Football Playoff achieved its goal of turning the title game into a Final Four-like event.Then we found out it drew the third-lowest television audience for a title game since the CFP began in 2014.The first 12-team Playoff had a lot of great moments. It could also use some tweaks. In the short term, leaders are unlikely…

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The top American envoy to the Middle East was to meet on Wednesday with Israel’s prime minister and, potentially, visit the Gaza Strip to reinforce a cease-fire agreement between Israel and Hamas that, if made permanent, would allow thousands more displaced Palestinians to return to their homes.The envoy, Steven Witkoff, was expected to inspect the Netzarim Corridor, a four-mile strip that bisects Gaza, where American security contractors have been enlisted to help handle the return of displaced Palestinians. He would be the highest-ranking U.S. official to visit Gaza in years, both because of security concerns and the official American no-contact…

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All eyes are on earnings from major tech heavyweights due this week, particularly as this week’s DeepSeek-fueled tech sell-off has led to further scrutiny on the high valuations and artificial intelligence ambitions of U.S. technology stocks. With Meta Platforms , Tesla and Microsoft each set to report quarterly results after Wednesday’s market close, CNBC Pro combed through several analyst reports to find the most important figures Wall Street will key on from these companies. Eyes on Meta’s AI capex spending of around $60 billion Citi analyst Ronald Josey is one of the many analysts who expects a significant AI capital…

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[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Robert F. Kennedy, President Donald Trump’s controversial pick to lead the Department of Health and Human Services, is testifying on Wednesday before a Senate panel that is crucial to advance his nomination.Kennedy is testifying first before the Senate Committee on Finance, which will ultimately vote on whether his nomination as HHS Secretary advances to the full chamber. In the Republican-controlled Senate, Kennedy can only lose three GOP votes if all Democrats oppose him.He will also appear…

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Brittney Griner entered the offseason as the second-longest tenured player with one team in the WNBA, having spent her entire career with the Phoenix Mercury since being drafted in 2013.Now, for the first time, Griner will be donning a different WNBA jersey. The 34-year-old center is signing with the Atlanta Dream for the 2025 season, she announced on Instagram on Tuesday. The deal is for one year, according to a league source. Griner brings a veteran presence to a promising young core in Atlanta, with two-time All-Stars Rhyne Howard and Allisha Gray on the wings and two-time All-Defense point guard…

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