Apple reportedly weighing the acquisition of Perplexity AI could mean a boost for the iPhone maker’s shares, according to Bank of America. “Any such deal (we do not have any direct knowledge of the probability of such a deal) would likely be positive for shares that are currently in the penalty box given Apple is largely viewed as an AI laggard (deep Siri integration delayed and no cutting edge models),” wrote analyst Wamsi Mohan, who maintained his buy rating on Apple. His $235 price target also implies more than 16% upside from Monday’s close. “Perplexity AI could address some of…
Author: usaeverydaylife
The constant stream of headlines out of the Persian Gulf has led to a highly volatile oil market and a steep pullback in a fund that has burned investors plenty of times before. One of the most direct ways for regular investors to play in the oil market is the United States Oil Fund (USO) , which holds oil futures contracts and over the counter swaps. The fund is designed to mirror the changes in the near-term futures market. USO, which was created in 2006, has about $1.3 billion in assets under management. On Monday, when the fund dropped 8%,…
US President Donald Trump speaks to the press before boarding Marine One from the South Lawn of the White House in Washington, DC on June 24, 2025, to attend the NATO’s Heads of State and Government summit in The Hague. Mandel Ngan | Afp | Getty ImagesPresident Donald Trump on Tuesday ramped up his pressure on Congress to get his “big, beautiful bill” across the finish line, urging lawmakers to not go on vacation until it passes.”To my friends in the Senate, lock yourself in a room if you must, don’t go home, and GET THE DEAL DONE THIS WEEK,”…
The conflict in the Middle East has led many insurance underwriters in the maritime shipping market to avoid offering coverage in the region to any U.S., Israel, or U.K.-linked vessels.”Many underwriters are not touching vessels with perceived U.S., U.K. or Israeli links at any price,” said David Osler, insurance editor for Lloyd’s List.According to insurance broker Marsh McLennan, rates among insurance companies that are offering coverage to vessels are now ranging between 0.25%-0.45% of ship value, up from 0.125% a few weeks ago.These rates were consistent over the previous week, but after the U.S. strikes over the weekend on Iran…
It could be a good second half of the year for municipal bond investors. The assets have continued to recover from the tariff-induced selloff in April which, in retrospect, was a buying opportunity, according to Bank of America. “We believe the opportunity to add duration exposure for munis is again presenting itself in the near term,” strategist Yingchen Li wrote in a June 6 note. “We also expect that this rally will likely continue for the rest of 2025.” The bonds are favored by wealthy investors since the income is free of federal tax, as well as state tax when…
A truck passes by shipping containers at the Port of Los Angeles.Mark Ralston | Afp | Getty ImagesA new wave of ocean freight from China is beginning to arrive at the Port of Los Angeles and Long Beach, an increased flow of shipping containers aiming to beat potential tariff increases. President Trump imposed a deadline of August 12 for the U.S. and China to agree to a trade deal.In recent days, the vessel tracking service managed by the Marine Exchange of Southern California and Coast Guard showed an uptick in ship arrivals: Friday (64), Saturday (68), and Sunday (64).”This is…
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.Sarah Meyssonnier | ReutersNvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities and Exchange Commission.The sales are worth nearly $15 million at Tuesday’s opening price.The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March, and it’d…
Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3 billion compared with the expected $6.2 billion.Net income rose to $565 million, which was a significant increase from $92 million a year ago.CEO Josh Weinstein said on Tuesday’s earnings call with analysts that there was a “strong momentum” across all of the company’s brands.Due to outperformance,…
Investors might have gotten ahead of themselves when it comes to Tesla ‘s new robotaxi business, according to Goldman Sachs. Tesla began its robotaxi operations on Sunday, June 22, opening the service for a group of early-access individuals in Austin, Texas. In response, investors drove up Tesla shares more than 8% on Monday. But in a note published the same day, Goldman Sachs analyst Mark Delaney cautioned against the optimism, reiterating a neutral rating on Tesla and sticking to a 12-month price target of $285, equal to 18% downside from Monday’s close. Shares of Tesla have tumbled 15% so far…
Speaker of the House Rep. Mike Johnson (R-LA) speaks during his weekly press conference at the US Capitol on June 24, 2025 in Washington, DC.Tasos Katopodis | Getty ImagesHouse Speaker Mike Johnson, R-La., argued Tuesday that the War Powers Act is unconstitutional, and vowed that a pending resolution to bar U.S. military action in Iran under that law will not pass the House.Johnson told reporters that President Donald Trump’s decision to order strikes on Iranian nuclear targets over the weekend was “clearly” within his powers under Article 2 of the U.S. Constitution.Many constitutional scholars believe that the Nixon-era law, which limits…
