A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA government shutdown is looming just as the peak holiday travel season gets underway.Lawmakers have been at an impasse and on Thursday voted down a short-term bill, which was backed by President-elect Donald Trump, to continue to fund the U.S. government. A shutdown could begin as early as 12:01 a.m. ET on Saturday if no deal is reached.Hundreds of thousands of government employees…
Author: usaeverydaylife
Even at the age of 28, Joe Burrow has experienced nearly all that the game of football offers. He’s played for an Ohio high school state title. He’s won a national championship and Heisman Trophy. He’s reached the Super Bowl, recovered from major injuries (twice), become the highest-paid player in the league, set franchise records and even used his fame to work the Paris Fashion Week runway.The Cincinnati Bengals quarterback has seemingly seen it all.He’s never seen this.Never in his life has Burrow been forced to play out the final month of a season with postseason games all but off…
Morgan Stanley still sees more upside ahead for Nvidia , despite its recent losses. The investment bank reiterated that the artificial intelligence chip maker is a top pick heading into 2025, reaffirming an overweight imvestment rating. The firm’s $166 price target implies about 27% upside from the stock’s Thursday close. “We have tended to be most enthusiastic on Nvidia when the near-term data points appear mixed, but underlying dynamics are very strong,” analyst Joseph Moore wrote to clients on Friday. “We think we are approaching that point now … there are a number of concerns here, some of which are…
Retailers are generally having a tough time right now, and looming tariffs aren’t going to make it any better. President-elect Donald Trump’s tariff proposals — including 25% tariffs on all imports from Mexico and Canada and an additional 10% on goods from China — are widely expected to cause an increase in some prices as they raise sourcing costs. Consumers are already under strain and continue to clamp down on discretionary spending, while the Federal Reserve’s expectation for fewer rate cuts next year have only added to concerns about sticky inflation. The biggest risk for retailers heading into 2025 is…
Who will win the first 12-team College Football Playoff? Six teams received at least one vote in our survey of 30 college football writers and editors at The Athletic, a big change from 10 years of postseason tournaments in which only four teams were in the field.Though Oregon got a majority of the votes, plenty of variety emerged as our staff filled out their brackets ahead of the first round, which begins with Indiana at Notre Dame on Friday night. In fact, even No. 12 seed Clemson, which has three losses, got a national championship vote.Here’s who we picked and how…
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it, alleging that the firms failed to properly investigate fraud complaints or give victims reimbursements.The CFPB said customers of the three banks — JPMorgan Chase, Bank of America and Wells Fargo — have lost…
Volatility has returned to equity markets with investors enduring this week the second largest spike in the CBOE’s VIX Index ever. I want to embrace this historic volatility and capture the extra amount of premium that has been injected into S & P 500 options. Although markets are short-term uncertain regarding the government shutdown and Fed policy path in 2025, I have confidence that the stock market will stabilize after a much-needed repricing in megacap tech stocks, specific to certain AI darlings in the Magnificent 7. .VIX YTD mountain CBOE Volatility Index, YTD A government shutdown is also weighing upon…
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington, DC, U.S. December 10, 2024. Kevin Lamarque | ReutersThe Biden administration announced Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.The relief is a result of fixes the U.S. Department of Education made to the once-troubled Public Service Loan Forgiveness program.The debt relief comes in President Joe Biden’s final weeks in office.Biden has forgiven more student debt than any other president. He has cleared nearly $180 billion for 4.9 million people with student debt.Still, Republican-led legal challenges…
Government shutdown live updates: House expected to vote this morning, Speaker Mike Johnson says Source link
Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday.The personal consumption expenditures price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated a 2.4% inflation rate on an annual basis, still ahead of the Fed’s 2% goal, but lower than the 2.5% estimate from Dow Jones. The monthly reading also was 0.1 percentage point below the forecast.Excluding food and energy, core PCE also increased 0.1% monthly and was 2.8% higher from a…
