People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.Mandel Ngan | AFP | Getty ImagesThe Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document.As part of a complaint in a related case, Trevor Norris, the department’s deputy assistant secretary in human resources, indicated that the layoffs will be coming as part of the Department of Government Efficiency’s ongoing moves to cut the federal employee rolls.In a sworn statement, Norris said the…
Author: usaeverydaylife
(L-R) US National Security Advisor Mike Waltz speaks with Defense Secretary Pete Hegseth as US President Donald Trump meets with French President Emmanuel Macron in the Oval Office of the White House in Washington, DC, on February 24, 2025. Ludovic Marin | Afp | Getty ImagesThe Atlantic on Wednesday published the full text thread from the Trump administration’s Signal group that accidentally included a prominent journalist in discussions of pending U.S. military strikes.Jeffrey Goldberg, The Atlantic’s editor in chief, had withheld some of the contents of the thread in his bombshell report Monday revealing that he had been looped in on…
MIAMI — After two decades of professional tennis, 99 career singles titles and 24 Grand Slam triumphs, Novak Djokovic has become a mystery — to tennis fans and to himself. Both parties are trying to answer the same question, from match to match and tournament to tournament, as his career moves towards an as-yet unknown end.Who is the greatest player of the modern era at this moment?Is he the player who faded two weeks ago against Botic van de Zandschulp, in his opening match at the BNP Paribas Open at Indian Wells, Calif.? Or is he the player who has…
Lee Jae-myung, leader of South Korea’s main opposition Democratic Party, arrives to court in Seoul on March 26, 2025. Kim Hong-ji | Afp | Getty ImagesA South Korean appeals court reversed on Wednesday a lower court’s ruling and found main opposition leader Lee Jae-myung not guilty of violating the election law, removing a barrier that could have blocked him from running for president.Following the ruling, Lee said the decision by the Seoul High Court completely vindicated him and proved the case was politically motivated.”It is truly outrageous that all this energy and national resources were spent for what is an obvious outcome,” he said.Lee was handed a one-year…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Piper Sandler makes its case for “buying the dip”, giving a list of stocks. Also, a trader looks for opportunity in an AI play that was recently upgraded. Worldwide Exchange Pick: Cloudflare (NET) Tiffany McGhee of Pivotal Advisors said Cloudflare is a smart buy because of the versatility of its business. “It has the potential to lead in AI and cybersecurity,” McGhee said. “It has a user friendly and scalable model as well…
Dollar Tree said on Wednesday a consortium of private-equity investors will buy its Family Dollar business for about $1 billion, bringing an end to its nearly year-long search for potential buyers for the troubled discount-store chain.The 66-year-old business, which Dollar Tree bought in 2015 for about $9 billion, had been grappling with competition from big-box retailers such as Walmart, and online retailers including Amazon, Shein and Temu.Shares of Dollar Tree were up 6% in premarket trading after the news of the sale to Brigade Capital Management and Macellum Capital Management.The Family Dollar chain struggled particularly with sales of higher-margin discretionary…
Russia and Ukraine have agreed to cease fighting in the Black Sea in a U.S.-brokered deal, but it remains unclear whether the agreement can come into force soon — if at all.Russia had a major caveat: it would abide by the deal only after various restrictions were removed from its agricultural exports. The penalties were imposed by the United States and the European Union, and removing them would be an arduous process.Kyiv and Moscow also appear to have different interpretations of the agreement announced on Tuesday. Russia framed it as a way to revive a 2022 U.N.-backed deal giving it…
Investors should snap up Playtika shares after a recent sell-off, according to Bank of America. Analyst Omar Dessouky issued a rare double-upgrade to buy from underperform for the mobile gaming stock. Dessouky also lifted his price target by 50 cents to $6.50, which suggests that shares of the stock can surge 47.7%. With the call, Dessouky stands out on Wall Street. The majority of analysts polled by LSEG have hold ratings. Dessouky pointed out that Playtika has the industry’s highest profitability and biggest direct-to-consumer platform. The company, which operates brands such as Bingo Blitz and Caesars Slots, also has “three…
US President Donald Trump meets with US Ambassadors in the Cabinet Room of the White House in Washington, DC, on March 25, 2025.Mandel Ngan | AFP | Getty ImagesPresident Donald Trump said that tariffs will likely be more “lenient than reciprocal,” as the April 2 tariff deadline looms for a number of levies to go into effect.”I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people,” Trump said Tuesday in an interview with Newsmax.”I know there are some exceptions, and it’s an ongoing discussion, but not too many, not too many…
A Forever 21 store in New York, in March 2025.Yuki Iwamura | Bloomberg | Getty Images The shadow of a U.S. recession is growing longer and darkening the outlook for both consumers and CFOs alike, according to various surveys tracking sentiment in March. That said, Wall Street has risen over the past three days — investors, perhaps, are cautiously optimistic that President Donald Trump will soften his stance on reciprocal tariffs.Across the pond, German software-maker SAP, riding a wave of stock gains has taken the crown of Europe’s most valuable company — it has risen almost 10% so far this…
