President Donald Trump and Elon Musk (R) speak before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025. Roberto Schmidt | Afp | Getty ImagesBillionaire Elon Musk, U.S. President Donald Trump’s close ally, is due to be briefed on Friday by the Pentagon on the U.S. military’s plan for any war that might break out with China, the New York Times reported on Thursday, citing U.S. officials.Access to the closely guarded military plan would mark an sharp expansion of Musk’s role as a Trump adviser who has spearheaded efforts to cut U.S. government spending.It would also fuel questions about conflicts of interest for Musk, who as the…
Author: usaeverydaylife
A plane taking off from Heathrow Airport in the United Kingdom.Tim Ireland | Xinhua | Getty ImagesBritain’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.”Heathrow is experiencing a significant power outage across the airport due to a large fire at a nearby electrical substation. Whilst fire crews are responding to the incident, we do not have clarity on when power may be reliably restored,” a Heathrow spokesperson said.”We expect significant disruption over the coming days and passengers should not travel to the airport under any circumstances until the…
HAIAN, CHINA – JULY 22, 2024 – A staff member of a personal loan center of a bank handles personal loans for customers in Haian, East China’s Jiangsu province, July 22, 2024.Cfoto | Future Publishing | Getty ImagesThe recent rebound in China’s government bond yields is not a sign of reflation, economists say, as persisting deflationary pressure is expected to keep borrowing costs low.An intensified selloff in China’s government bonds have sent yields rising in recent weeks, as the People’s Bank of China drained liquidity from the money market to stabilize its currency and the sudden rise of DeepSeek prompted…
The Israeli government around midnight on Thursday approved Prime Minister Benjamin Netanyahu of Israel’s ouster of the head of the Shin Bet domestic intelligence agency, a move that has further roiled a deeply divided country still at war.The cabinet unanimously decided that the Shin Bet chief, Ronen Bar, would be removed from his post on April 10, or sooner if another director is named, according to a statement released by the prime minister’s office shortly after midnight.But in a stark challenge to Mr. Netanyahu, Mr. Bar refused to attend the nighttime meeting over his dismissal. Instead, he sent a stinging…
Urban buildings in Huai’an city, Jiangsu province, China, on March 18, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing.”After four or five years of a downward cycle, we have begun to see some relatively positive signals,” John Lam, head of Asia-Pacific property and Greater China property research at UBS Investment Bank, told reporters Wednesday. That’s according to a CNBC translation of his Mandarin-language remarks.”Of course these signals aren’t nationwide, and may be local,” Lam said. “But compared to the past,…
Investors have closely watched Nvidia ‘s week-long GPU Technology Conference (GTC) for news and updates from the dominant maker of chips that power artificial intelligence applications. The event comes at a pivotal time for Nvidia shares. After two years of monster gains, the stock is down 15% over the past month and 22% below the January all-time high. As part of the event, CEO Jensen Huang took questions from analysts on topics ranging from demand for its advanced Blackwell chips to the impact of Trump administration tariffs. Here’s a breakdown of how Huang responded — and what analysts homed in…
Shares of Mitsubishi Motors climb after reports of Foxconn collaborationShares of Mitsubishi Motors rose 4.5% after reports that it is closing in on an EV collaboration deal with Taiwan’s Foxconn, according to Nikkei citing sources close to the matter.Discussions have been ongoing for over six months, sources were cited as saying.—Lee Ying ShanJapan inflation eases to 3.7% in February, down from a two-year highJapan’s headline inflation rose 3.7% year on year in February, easing from a two-year high of 4% seen in January.Core inflation — which excludes prices of fresh food — was at 3%, lower than January’s figure of…
Nike’s “Just Do It” ad slogan on Feb. 5, 2025, in London, England.Richard Baker | In Pictures | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate numbers.Nike reported earnings Thursday, and cautioned that it expects sales in its current quarter to plunge because of tariffs and sliding consumer sentiment. Accenture, meanwhile, said its numbers have been hit by a reduction in contracts with the U.S. government as the latter reins in spending.Those are warnings of the economic damage that countries could suffer — on a wider scale — when U.S.…
Buying stocks with a history of outperforming in previous sell-offs could be a good strategy to weather volatility, according to Bank of America. President Donald Trump’ s new trade policies have roiled markets in recent weeks, with investors abandoning riskier assets and scrambling to safe havens. Indeed, the S & P 500 is down about 7% over the past month, and the index briefly slipped into correction territory last week. Recent data has also suggested a softening in consumer sentiment , and the Federal Reserve this week said it sees higher inflation and slowing economic growth. Against this highly uncertain…
A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on Feb. 12, 2025 in Miami, Florida.Joe Raedle | Getty ImagesFedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.”Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,” Chief Financial Officer John Dietrich said in a statement.FedEx shares fell 5.3% to $232.29 in after-hours trade, while rival United Parcel Service UPS.N stock shed 1.1%. Those companies…
