As investors cheer the trade negotiation developments between the U.S. and China, some stocks could be in for an extra bump based on their revenue exposure to the Asian economic giant. The countries agreed to cut tariffs for the time being following negotiations that took place over the weekend in Switzerland, which U.S. Treasury Secretary Scott Bessent called “very productive.” Both countries slashed their taxes by 115% for 90 days, leaving the U.S.’s levy at 30% and China’s at 10%. Stocks with relatively high exposure to China took a hit after President Donald Trump first announced his plans for broad…
Author: usaeverydaylife
U.S. Treasury Secretary Scott Bessent discusses the temporary U.S.-China trade agreement in a news conference in Geneva on May 12, 2025.Fabrice Coffrini | Afp | Getty ImagesTreasury Secretary Scott Bessent said Monday that he expects to meet with Chinese officials again in the coming weeks to continue trade negotiations.”I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,” Bessent said on CNBC’s “Squawk Box.” The exact details of the meeting, such as location, have not been set, Bessent said. The comments come after the U.S. and China announced a…
A new U.S. rule that requires hotel and short-term lodging companies to disclose so-called “junk fees” starts Monday. Announced by the Federal Trade Commission in December, the rule takes direct aim at the widely loathed charges, which can appear as “resort,” “destination” or “hospitality service” fees and purport to grant perks that travelers either don’t want or already expect to receive. These include “premium” internet service and access to a hotel gym.The rule, which also applies to live event ticketing companies, was designed to curtail a practice that allowed businesses to charge more “without looking like you’re raising prices,” Cathy Mansfield from…
Edan Alexander, 21, is the last living American citizen held by Hamas in Gaza. On Sunday, the Palestinian militant group said it would free him, just days before President Trump is set to travel to the Middle East.Who is Edan Alexander?Mr. Alexander is an American Israeli dual citizen who grew up in Tenafly, N.J.In 2022, during his senior year of high school, he joined Garin Tzabar, which prepares young people from around the world to join the Israel Defense Forces. He moved to Israel to serve in the military after he graduated and was assigned to the infantry.Mr. Alexander was…
Goldman Sachs has a sweeter taste in its mouth when it comes to Anheuser-Busch Inbev . Analyst Olivier Nicolaï upgraded the alcoholic beverage maker’s U.S.-listed shares to buy from neutral. Nicolaï also lifted his price target by $18 to $88, which implies 30.8% upside over last week’s close. “ABInBev has the potential to return to its previous best-in class status in FMCG,” Nicolaï wrote in a Monday note to clients, using the acronym for fast-moving consumer goods. Nicolaï said the company should be able to see 1.2% volume growth if the U.S. drag moderates and the Chinese market recovers. That…
JPMorgan moved off the sidelines on Teva Pharmaceuticals , citing its cost-cutting efforts. Analyst Chris Schott upgraded U.S.-listed shares of the Israeli pharmaceutical company to overweight from neutral. Schott hiked his price target by $2 to $23, which suggests 35.9% upside from last week’s closing level. Schott’s call comes after the company last week announced a plan for around $700 million in net savings. With that, the company should be able to see an operating margin of 30% in 2027. “Teva’s margin trajectory in 2026/27 had been our primary concern on the story,” Schott wrote to clients in a Monday…
Virgin Media O2 is a joint venture between telecoms giants Liberty Global and Telefonica.Tolga Akmen | AFP via Getty ImagesBritain’s Virgin Media O2 said it was combining its enterprise unit with business-to-business telecoms provider Daisy Group to create a new communications and IT offer for companies.The new company will be 70% owned by Virgin Media O2, a joint venture between Liberty Global and Telefonica, and 30% owned by Daisy Group, the two said on Monday.The entity will have pro-forma revenue of about 1.4 billion pounds ($1.85 billion) and adjusted core earnings of about 150 million pounds, based on the groups’…
Tech billionaire Elon Musk’s regulatory problems have started to fade into the past.Since the start of the second Trump administration, federal agencies that had scrutinized Musk and his business empire in recent years have begun to look a lot different. At the Department of Agriculture, for example, President Donald Trump fired the person who had been investigating the Musk company Neuralink. At other agencies including the Consumer Financial Protection Bureau, Trump and Musk have tried to slash the number of employees — potentially hobbling those regulators’ ability to enforce the law against companies including Musk’s Tesla and X.In the past few months, Trump’s Justice Department has dropped…
HANGZHOU, CHINA – JUNE 3, 2024 – The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia’s stock market value exceeded $3 trillion, officially surpassing Apple’s market value and becoming the world’s second largest technology giant by market value. It is worth noting that in just over 3 months, Nvidia’s market value soared from $2 trillion to $3 trillion. (Photo credit should read CFOTO/Future Publishing via Getty Images)Cfoto | Future Publishing | Getty ImagesGlobal technology and chip stocks rallied on Monday after the U.S. and China…
The Rev. Gosbert Rwezahura opened Mass on Sunday morning by saying what everyone in the pews was thinking. “Habemus papam!” he exclaimed at Christ Our Savior Parish in South Holland, Ill. Beaming, he added, “He is one of our own!”It was the first Sunday in American history with an American pope seated on the throne of St. Peter in Rome. At parishes across the country, Catholics filed into the pews with a sense of wonder, hope and pride over Pope Leo XIV.At Christ Our Savior, the pride was personal: Today’s parish was formed from others in the area around the…
