U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C.Chip Somodevilla | Getty Images News | Getty ImagesCome Friday, the world will have to contend with higher tariff rates from the Trump administration, raising the specter of even more economic uncertainty.For most countries, that can of worms has been kicked twice down the road, from “Liberation Day” on April 2, to July 9, and now to Aug. 1.Back in April, Trump had claimed to have done “over 200…
Author: usaeverydaylife
High Noon vodka seltzer and Celsius energy drinks.Kevin Carter | David Paul Morris | Bloomberg | Getty ImagesHigh Noon has issued a recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage.The cans, labeled as Celsius Astro Vibe Sparkling Blue Razz Edition, were found in certain shipments of High Noon’s Beach Variety 12-packs.The error could cause people to unknowingly consume alcohol, which poses health and safety risks, especially for children or those who avoid it for medical or religious reasons. There have been no illnesses or injuries…
US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images In the frenzied run-up to Friday, August 1— the day when U.S. President Donald Trump’s new tariffs come into effect (no more delays!) — America’s major trading partners such as Japan, the European Union and now, South Korea, have come to an agreement with the country. All of them will be subject to 15% tariffs on U.S. imports of their goods.But India? Not only has there not…
Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. Tingshu Wang | ReutersBEIJING — China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions.The Manufacturing Purchasing Managers’ Index for July was 49.3, missing expectations for 49.7 according to a Reuters poll.China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April.U.S.-China tensions escalated in April with each side imposing tariffs of more than 100% on imports of goods from…
The ‘Fast Money’ traders react to Microsoft and Meta earnings. Source link
CNBC’s Jim Cramer explained why an uncertain macroeconomic environment led the Federal Reserve to hold interest rates steady — dashing the hopes of many investors and President Donald Trump.”In short, the backdrop’s just too darned mixed for the Fed to take action,” Cramer said. “That’s also why Powell pretty much punted on that forecast, because who knows what the heck the future’s going to like? Certainly not the Federal Reserve, which is why they’re so reluctant to make a move until they know more.”Stocks slipped on Wednesday as investors digested Fed Chair Jerome Powell’s comments. Powell said higher tariffs have…
Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance.Christophe Gateau | Picture Alliance | Getty ImagesElon Musk’s tunneling venture, The Boring Company, announced plans earlier this week to build a 10-mile underground loop in Nashville, in coordination with Tennessee Republican Governor Bill Lee, who put out a press release praising the project.Democratic lawmakers in Nashville are demanding answers on the plans, while the state’s Republican leaders have jumped at the chance to…
Microsoft shares surged in extended trading on Wednesday after the tech giant reported strong quarterly results, fueled by an acceleration in cloud-computing revenue growth. An upbeat forecast for the current period solidified the stock’s advance. Revenue increased 18% year over year to $76.4 billion in its fiscal 2025 fourth quarter, beating the Street consensus estimate of $73.8 billion, according to data from LSEG. Earnings per share increased 24% from last year to $3.65, ahead of EPS estimates of $3.37, LSEG data showed. With shares up more than 8% in extended trading Wednesday, Microsoft is on track to join fellow Club…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyGene Munster, Deepwater, joins ‘Fast Money’ to talk Meta and Microsoft’s investor calls after both stocks climb on earnings.03:433 hours ago Source link
Asia-Pacific markets start the day mixedAsia-Pacific markets opened mixed Thursday.Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday).In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat.Over in Australia, the S&P/ASX 200 benchmark fell 0.53%.— Amala BalakrishnerHere are the opening calls for the dayGood morning from Singapore.Investors will be keeping a close watch on South Korean markets after U.S. President Donald Trump announced a blanket tariff of 15% on the country’s exports to the U.S. Japanese markets will also be watched keenly as…
