Author: usaeverydaylife

Pedestrians walk past Japanese national flags decorating a street in the popular tourist area of Ginza as people do last minute shopping before the New Year’s holidays, in central Tokyo on December 30, 2024. Richard A. Brooks | AFP | Getty ImagesAsia-Pacific markets rose Wednesday, following a softer-than-expected inflation data from the U.S. that sent two key Wall Street benchmarks higher overnight.The producer price index, which measures wholesale inflation, climbed just 0.2% in December, according to the Bureau of Labor Statistics. Economists polled by Dow Jones had estimated a 0.4% rise. Core PPI, which excludes food and energy, came in flat.Investors…

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The NFL’s version of the Elite Eight is set, and we are going to be treated to some showstopping matchups in this weekend’s divisional round. The headliner, of course, will be the clash of two MVP favorites, with quarterback Lamar Jackson taking his Baltimore Ravens to Buffalo for a matchup against Josh Allen and the Buffalo Bills.Though that game will steal a lot of the spotlight, the other three games could be thrilling, too. Jeff Howe breaks down each of the four divisional-round matchups this weekend before The Athletic’s NFL Projection Model, created by Austin Mock, reveals the odds each…

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President Biden will remove Cuba from a list of state sponsors of terrorism, U.S. officials announced on Tuesday, as a part of a deal that is expected to free protesters jailed during a sweeping 2021 crackdown on dissent by the Communist government.Removing Cuba from the list would typically raise expectations of improved relations between Washington and Havana and renewed hope for economic investment in Cuba.But Mr. Biden’s decision is only the latest in a series of conflicting U.S. approaches to Cuba by different administrations. The Obama administration made the decision to remove the terrorism designation for Cuba as part of…

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The Nasdaq Composite entered Tuesday down nearly 4% over the past week, with the 10-year Treasury yield jumping to its highest level since 2023. A cooler-than-expected inflation report on Tuesday morning did not bring immediate relief to the tech trade, as the Nasdaq was lagging again in midday trading. However, some wealth managers are saying this could be a minor adjustment for the market rather than the start of a downturn. Ritholtz Wealth Management CEO Josh Brown has argued that the sell-off is an example of delayed tax-selling. In this manner, investors are deferring the realization of big gains in…

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Beata Zawrzel | Nurphoto | Getty ImagesThe SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose his ownership in Twitter and buying shares at “artificially low prices.”Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for $44 billion, later changing the name of the social network to X. Prior to the acquisition he’d built up a position in the company of greater than 5%, which would’ve required disclosing his holding to the public.According to the SEC complaint, Musk withheld that material information, “allowing him to underpay…

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For one frozen moment, it doesn’t matter whether you thought the Dallas Cowboys should extend Mike McCarthy to continue as their coach, or whether you’re content with their decision to part ways with the guy who has been at the helm the past five years.Cowboys owner and general manager Jerry Jones has united both sides of the discourse. Whether you thought McCarthy should stay or go, most would agree the way Jones and the Cowboys reached this conclusion was lousy and unnecessary.The questions surrounding McCarthy’s future in Dallas began swirling in October, when the Cowboys fell to 3-3 entering their…

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Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with the United Arab Emirates (UAE).The free trade agreement, known formally as the Comprehensive Economic Partnership Agreement (CEPA), is seen by Prime Minister Christopher Luxon as a chance to expand bilateral trade between the countries and makes the UAE one of the island’s largest markets in the Middle…

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Since the global pandemic stock market investors have been bombarded with market commentary of persistently high inflation, resulting high interest rates, and a so called yield curve inversion that’s likely to bring economic recession. And with the incoming administration’s threat of trade tariffs inflation expectations are well, re-emerging. Let’s break these relatively complex topics into their simpler components via chart analysis and present what I think is a constructive takeaway for the stock market in 2025, particularly for growth-oriented stocks. The Fed will adjust the Fed Funds policy rate based on their dual mandate of maximum employment and price stability.…

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