US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025. Francis Chung | Bloomberg | Getty Images When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.What does the world’s richest man do? He starts a political party.Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S.…
Author: usaeverydaylife
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia.Prasit Photo | Moment | Getty ImagesAsia-Pacific markets traded mostly lower on Monday after U.S. President Donald Trump confirmed that tariffs, first announced in April, will take effect on August 1 for countries that haven’t struck a deal.Treasury Secretary Scott Bessent said Sunday that tariffs introduced in April will be enforced starting August 1 for countries that haven’t finalized an agreement with the Trump administration. While Bessent dismissed the notion that August 1 represents a fresh deadline, he acknowledged that the new…
The unemployment rate for recent graduates reached 5.8% in March 2025, according to the Federal Reserve Bank of New York. baona | E+ | Getty ImagesFormal degrees aren’t cutting it anymore for some industries. Instead, many companies are prioritizing skills and experience-based hiring, Sarah Skelton, co-founder and managing director of staffing and recruiting firm Flourish, told CNBC Make It.The class of 2025 is stepping into a challenging and competitive job market. The unemployment rate for recent graduates reached 5.8% in March, up from 4.6% a year earlier, according to data from the Federal Reserve Bank of New York.Meanwhile, the share…
European banks have had a bumper start to the year, outperforming almost all other sectors as investors reward a recent period of improved profitability — but analysts warn returns may not have as far to run in the second half. The Stoxx 600 Banks index has risen more than 28% in the first six months of this year, the strongest performance for the period since 1997, according to FactSet data. Gains have seen several banks hit decade-highs in recent weeks , including Deutsche Bank and the U.K.’s Barclays , after those lenders weathered recent market volatility to deliver strong investment…
Wall Street’s blistering three-month rally on cooling trade tensions will be put to the test this week. It’s an exceptionally light week of economic data and earnings releases, which means every little piece of information investors do get will be magnified. Against that sparse backdrop, President Donald Trump ‘s trade policy ahead of a long-awaited deadline will likely be the dominant market story of the week. The S & P 500 enters this pivotal period at record highs and up 26% from its tariff-driven closing low on April 8. 1. Tariffs: What is going to happen with tariffs before Wednesday,…
Traders work at the New York Stock Exchange on July 2, 2025. NYSEU.S. stock futures fell on Sunday after President Donald Trump confirmed that tariffs are set to go into effect Aug. 1, not July 9. Dow Jones Industrial Average futures slid by 110 points, or 0.3%. S&P 500 and Nasdaq 100 futures dipped 0.3% and 0.3%, respectively.In an interview with reporters Sunday, Trump and Commerce Secretary Howard Lutnick were asked to clarify when tariffs are set to go into effect. In response, Lutnick said, “Tariffs go into effect Aug. 1. But the president is setting the rates, and the…
Alexander Spatari | Moment | Getty ImagesA last-minute summer flight to London or Rome costs less than it did a year ago, but the good news ends at the customs checkpoint. U.S. travelers to the U.K. and Europe are finding their dollars don’t go as far as they did just months ago.Exchange rates haven’t been kind to Americans abroad this year.The dollar index — which tracks the greenback against a handful of other major currencies — has plunged 10.3% so far this year, its worst half-year performance since 1973, largely due to President Donald Trump’s ongoing global trade war. While some analysts expect a…
Brazil’s President Luiz Inacio Lula da Silva, China’s Premier Li Qiang, India’s Prime Minister Narendra Modi, South Africa’s President Cyril Ramaphosa, Russia’s Foreign Minister Sergei Lavrov and other leaders, attend the opening meeting of BRICS Summit, at the Museum of Modern Art (MAM) in Rio de Janeiro, Brazil, on July 6, 2025.Ricardo Moraes | ReutersThe BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group’s declaration, which also took aim at Israel’s military actions in the Middle East, mentioned war-torn Ukraine just once.China’s President…
While the China technology story hasn’t changed enough to warrant major changes to portfolios, local stock investors are now being encouraged to take a more conservative turn as they gear up for the second half. “We caution against a potential volatility surge in the next month or two,” a team led by Morgan Stanley’s chief China equity strategist Laura Wang said in a report Thursday. The analysts noted that sentiment toward mainland Chinese stocks, known as “A Shares,” dropped in the past week as Chinese policymakers have so far failed to bolster growth, nor are they expected to in a…
Shelton’s girlfriend, U.S. soccer player Trinity Rodman, and his sister Emma applaud after Ben Shelton of the U.S. won his men’s singles third-round match against Marton Fucsovics of Hungary at the Wimbledon Tennis Championships in London, on Saturday, July 5, 2025.Alastair Grant | AP PhotoBen Shelton launched a public plea for his sister to get some extra time off from her job at investment bank Morgan Stanley so she could remain at Wimbledon to cheer for him. It worked.After advancing to face Italy’s Lorenzo Sonego on Monday in the fourth round, Shelton spoke in an on-court interview in front of…
