This illustration picture shows a person waiting for an update of Epic Games’ Fortnite on their smartphone in Los Angeles on August 14, 2020.Chris Delmas | AFP | Getty ImagesApple must work out its latest issues with Epic Games — or else head back to court to prove it has a legal basis for delaying the restoration of the popular Fortnite game to its iOS App Store, a judge ordered on Monday.Fortnite recently re-submitted its game but was blocked by Apple, Epic Games said Friday. Apple said in a statement on Friday that it did not remove Fortnite from alternative distribution…
Author: usaeverydaylife
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and…
With the tariff-induced volatility in the rearview mirror, BlackRock’s Rick Rieder has once again set his sights on high-yield bonds. Yet, he is sticking with those that have maturities of three to five years. That is because he expects more volatility in long-end rates. Yields on 10- and 30-year Treasurys spiked on Monday after Moody’s downgraded the U.S. credit rating one notch to Aa1 from Aaa late Friday. The 30-year hit a high of around 5.03%, while the 10-year at one point topped 4.5%. Rieder, Blackrock’s chief investment officer for global fixed income, had recently reduced some of the high-yield…
After a stunning rebound for the market, Canaccord Genuity expects rangebound trading ahead as investors look to the deadline on President Donald Trump’s tariff pause. Trump sent U.S. markets into a tailspin early last month after he unveiled his plan for broad and steep “reciprocal” levies on goods from many foreign countries. But Trump walked back that plan just a week later by offering a 90-day pause on many of those taxes, which encouraged investors to begin returning to the U.S. stock market. Stocks got another boost last week once the White House announced a trade deal with China that…
The US Institute of Peace (USIP) in Washington, DC, US, on Monday, March 17, 2025. Stefani Reynolds | Bloomberg | Getty ImagesA federal judge on Monday ruled that the Trump administration and DOGE’s takeover and gutting of the U.S. Institute of Peace were unlawful. The decision declaring DOGE’s actions at USIP “null and void” is the latest in a series of judicial rebukes of efforts by President Donald Trump and the so-called Department of Government Efficiency to slash the size of the federal government. DOGE has been led by Trump advisor Elon Musk.The ruling came two months after DOGE team…
Wall Street could be overlooking LegalZoom’s growth prospects, according to JPMorgan. “LegalZoom appears to be undergoing a cultural and business transformation, which supports longer-term earnings expectations, multiple expansion, and ultimately the attractiveness of the shares at these levels,” analyst Ella Smith wrote in a Monday note. Smith and her team recently hosted LegalZoom’s executives for a nondeal roadshow, gleaning details on what’s next for the company. LegalZoom’s services include guiding entrepreneurs as they set up limited liability companies, helping individuals draft estate plans and connecting users with lawyers. JPMorgan reiterated its overweight rating on the online legal services stock, and…
A police officer is seen outside the Supreme Court of the United States is seen on Thursday May 15, 2025 in Washington, DC. Matt McClain | The Washington Post | Getty ImagesThe Supreme Court on Monday gave the Trump administration the green light to revoke special legal protections for thousands of Venezuelan immigrants.The high court granted an emergency application filed by the administration, meaning officials can move forward with reversing a decision made at the tail end of the Biden administration to extend protections for more than 300,000 Venezuelans under the federal Temporary Protected Status program.The brief order noted that liberal Justice…
JPMorgan Chase CEO Jamie Dimon delivers a speech during the Global Markets Conference, ahead of the Choose France summit, in Paris, on May 15, 2025. Michel Euler | Afp | Getty ImagesJPMorgan Chase is finally allowing clients to buy bitcoin. But CEO Jamie Dimon is still a skeptic.”We are going to allow you to buy it,” Dimon said at the bank’s annual investor day on Monday. “We’re not going to custody it. We’re going to put it in statements for clients.”The decision marks a notable step for the largest U.S. bank, particularly due to Dimon’s history of criticizing the digital…
As retailers seek to ease sting of harsh U.S. tariffs, analysts think those with loyal shoppers that offer the most bang for their buck will emerge victorious. The SPDR S & P Retail ETF (XRT) — which tracks more than 75 companies in U.S. retail — is down 3.9% this year. The fund has been battered by uncertainty on global trade, inflation worries and wavering consumer confidence. To be sure, the fund has rebounded 15% over the past month as trade fears have eased. But tariff headwinds could see a resurgence, knocking retailers once again. For investors looking for opportunities…
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | ReutersNovo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market.The Danish drugmaker on Friday abruptly announced that longtime CEO Lars Fruergaard Jorgensen is stepping down, as its obesity injection Wegovy loses ground to Eli Lilly’s rival treatment, Zepbound. While Eli Lilly entered the market later, it is emerging as the frontrunner in a space that some analysts believe could be worth more than $150 billion…
