President Donald Trump on Tuesday continued his barrage of criticism against the Federal Reserve but seemed to take a step back from any lingering plans to fire Chair Jerome Powell.”I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters during a White House exchange. “Eight months, he’ll be out.”The exchange came amid continued speculation over Powell’s job security and legal questions over what authority Trump has to remove the central bank leader.Going back to his first term in office when he appointed Powell, Trump has repeatedly criticized the Fed for an…
Author: usaeverydaylife
This week, I’m once again using a debit spread for my trade on GLD — but with a different approach to identifying the setup. At times, stocks enter a prolonged sideways grind — a phase where price action stalls and volatility dries up. These periods of consolidation can drag on for weeks or even months, testing a trader’s patience. And sometimes, the best move during these phases is no move at all — sitting in cash and waiting for cleaner setups to emerge. But these quiet stretches don’t last forever. What traders call a “squeeze” often develops during low-volatility conditions…
Mustafa Suleyman, CEO of Microsoft AI, speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025.David Ryder | Bloomberg | Getty ImagesMicrosoft has hired around two dozen employees from Alphabet’s Google DeepMind artificial intelligence research lab in recent months, a person familiar with the recruiting told CNBC.The person asked not to be named in order to discuss internal matters.On Tuesday, Amar Subramanya, who worked at Google for 16 years, most recently as a vice president of engineering developing the Gemini assistant, said on LinkedIn that he has joined Microsoft…
President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022.James Lawler Duggan | ReutersMohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position in order to ensure the central bank’s independence, making the chief economic advisor at Allianz one of the first prominent economists to publicly take such a position.”If Chair Powell’s objective is to safeguard the Fed’s operational autonomy (which I deem vital), then…
Check out the companies making headlines in midday trading: Opendoor Technologies , Kohl’s — The two stocks have been cited on Reddit’s WallStreetBets forum and have seen some wild moves as retail traders chase meme stocks . Opendoor, an online real estate startup, surged earlier in the day, but was recently down nearly 2%. Still, shares have gained more than 500% this month. The department store didn’t appear to have any major corporate announcements, but Kohl’s stock surged 37% . General Motors — Shares tumbled nearly 7% despite the automaker beating sales and profit expectations in the second quarter. Adjusted…
Google parent Alphabet is among the first of the ” Magnificent Seven ” companies to report second-quarter earnings, with results due after the stock market closes on Wednesday. Shares of Alphabet have barely budged this year, lagging the other Magnificent 7 stocks and the S & P 500 . Investor concern is focused on the shifting search and advertising landscape, given the rise of artificial intelligence chatbots that risk Google’s competitive edge. Still, analysts are generally bullish on Google’s search and ad monetization for the second quarter. Wall Street is expecting the YouTube owner to post double-digit earnings and revenue…
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U.S. Speaker of the House Mike Johnson (R-LA) speaks to reporters at the U.S. Capitol on July 21, 2025 in Washington, DC. Congressional Lawmakers have returned to work on Capitol Hill after the weekend. Andrew Harnik | Getty Images News | Getty ImagesThe House of Representatives will begin its August recess early to avoid Republicans being forced to vote on Democratic-backed motions related to the Jeffrey Epstein files.”There’s no purpose for Congress to push an administration to do something that they’re already doing,” House Speaker Mike Johnson, R-La., told reporters on Tuesday.”And so this is for political games,” Johnson said…
Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers tailor the Copilot digital assistant to their own needs.David Ryder | Bloomberg | Getty ImagesMicrosoft on Tuesday said Chinese hacking groups were part of the recent attacks on its SharePoint collaboration software.As early as July 7, the Chinese nation-state actors it calls Linen Typhoon and Violet Typhoon have been trying to exploit the vulnerability, as has a China-based actor called Storm-2603,…
Check out the companies making headlines before the bell: Opendoor Technologies — The online real estate startup popped more than 13%, extending a rally powered by retail traders chasing meme stocks. Opendoor, which has often been cited on Reddit’s WallStreetBets forum, is ahead more than 500% this month. Trading volume exploded to 1.9 billion shares Monday, more than 1,700% of the three-month average, according to FactSet. General Motors — Shares tumbled nearly 4% despite the automaker beating sales and profit expectations in the second quarter. Adjusted earnings before interest and taxes of $3.04 billion were higher than analysts estimated, but…
