A week after the Trump administration abruptly ordered a sweeping halt to U.S. foreign development aid, the effect is already being felt in war-torn Ukraine. Several humanitarian organizations say they have been forced to suspend operations, including assistance to war veterans and internally displaced people.The orders, which were issued while the Trump administration conducts a 90-day audit of foreign aid, have sent a chill through humanitarian organizations in Ukraine, which depend heavily on such assistance.The United States, the largest single source of aid to Ukraine, has provided more than $37 billion in humanitarian aid, development assistance and direct budget support…
Author: usaeverydaylife
Monday’s sharp decline for Nvidia and basically everything else tied to the artificial intelligence trade was not enough to change the minds of Wall Street analysts who have been cheerleading the trend. “Citi tech analysts remain bullish on NVDA, and our updated bubble work does not point to an end of the US equity bull market,” Citi’s Adam Pickett said in a note to clients, in a note representative of the optimism among the sell-side crowd. Start with semiconductor stocks, where Wall Street analysts remain cautiously optimistic even after Nvidia suffered the biggest one-day loss of market cap in U.S.…
Amid the uncertainty of fiscal policy and the persistence of inflation, respondents to the CNBC Fed Survey dialed back their expectations for interest rate cuts but still believe the central bank will ease this year.Among the 25 respondents, 65% see two rate cuts in 2025, equal to the number penciled in by Federal Reserve officials in their recent forecasts and roughly equal to futures markets expectations. But that’s down from 78% in the prior survey, while 61% forecast at least one cut in 2026, down from 70% in December.”I just don’t see (the Fed) having any confidence right now on…
For INEOS, a regime intending to get to grips with Manchester United’s status as a loss-making enterprise, the potential €100million deal to bring Antony to Old Trafford stands out as a particularly acute example of the kind of lavish spending that has put the club in a precarious financial position.With the Brazilian now in the Spanish city of Seville, having joined La Liga’s Real Betis on loan until the end of the season, United fans will be left contemplating how a player with such a price tag — £84.1million/$105.1m at the current exchange rate, the second-most expensive transfer in club…
The Palestinian Islamic Jihad on Monday released a video of the Israeli hostage Arbel Yehud, whose delayed release had been at the center of one of the most significant disputes between Israel and Hamas since a cease-fire took effect a week ago.Ms. Yehud is believed to be one of the last remaining female civilians held in Gaza since about 250 people were abducted during the Hamas-led attacks on Israel of Oct. 7, 2023.In the video footage, which an analysis by The New York Times dates to Jan. 25, she says, “My family, I’m OK. I miss you endlessly and I…
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa.X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on the platform. Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.It’s the first concrete move from X to create a financial ecosystem for the social media site, which was…
Shares of Apple may actually benefit from the emergence of DeepSeek’s artificial intelligence technology, according to Wall Street analysts. Tech stocks melted down on Monday after Chinese startup DeepSeek emerged as a new threat to current levels of investment in AI. The technology-heavy Nasdaq Composite ended 3.1% lower, but Apple was an exception, climbing 3.2% Monday. AAPL 5D mountain Apple shares over the past five days The reason that Apple managed to buck a massive technology selloff comes down to iPhone maker being “the ultimate play on having an LLM in your pocket,” according to Bank of America, referring to…
Robert Kennedy Jr., U.S. President-elect Donald Trump’s nominee to run the Department of Health and Human Services, arrives at the Hart Senate Office Building on Capitol Hill in Washington, U.S., December 16, 2024. Benoit Tessier | ReutersAs Robert F. Kennedy Jr. faces two days of Senate confirmation hearings this week in his quest to become secretary of Health and Human Services, a niche group of startups will be watching closely.Kennedy, a divisive pick to join President Donald Trump’s Cabinet, will first go before the Senate Finance Committee on Wednesday. As HHS secretary, he would oversee a budget of more than $2…
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares tumbled Tuesday after the carrier’s financial outlook disappointed investors.The New York-based airline forecast its unit costs, excluding fuel, will rise as much as 7% this year from last year. In the first quarter, it said it expected this metric to rise up to 10% this quarter year-over-year.It estimated revenue could come in as much as 0.5% lower to up to 3.5% higher this quarter over last year. Larger competitors Delta and United…
OpenAI on Tuesday announced its biggest product launch since its enterprise rollout. It’s called ChatGPT Gov and was built specifically for U.S. government use.The Microsoft-backed company bills the new platform as a step beyond ChatGPT Enterprise as far as security. It allows government agencies, as customers, to feed “non-public, sensitive information” into OpenAI’s models while operating within their own secure hosting environments, OpenAI CPO Kevin Weil told reporters during a briefing Monday.Since the beginning of 2024, OpenAI said that more than 90,000 employees of federal, state and local governments have generated more than 18 million prompts within ChatGPT, using the…
