A security guard walks past the U.S. Department of Education headquarters in Washington, D.C., March 12, 2025.Nathan Howard | ReutersA group of Democratic state attorneys general filed a lawsuit against the Trump administration Thursday over its moves to dismantle the U.S. Department of Education and its termination of nearly half the agency’s staff.Attorneys general from 20 states and the District of Columbia filed the legal challenge in response to the administration’s dismissal of more than 1,300 workers at the department.”The lay-offs are an effective dismantling of the Department,” the state AGs wrote.”[The] Department’s authority to administer [Reductions in Force] does…
Author: usaeverydaylife
Investors seeking solid dividend income as the S & P 500 continues its retreat from record highs may want to take a closer look at a few select real estate investment trusts. The real estate sector is little changed in 2025, beating the information technology and consumer discretionary sectors that are down by double digits. “I think real estate is showing up as a bright spot because the 10-year Treasury yield has come down,” Morningstar senior equity analyst Kevin Brown told CNBC. “When rates have come down, the real estate sector has outperformed. When they have gone up, the sector…
Watermelons from Mexico are displayed on a shelf at a Target store on March 5, 2025 in Novato, California.Justin Sullivan | Getty ImagesOn the surface, February’s inflation data released this week brought some encouraging news. But underneath, there were signs likely to keep the Federal Reserve on hold when it comes to interest rates.While the consumer and producer price indexes both were lower than anticipated, that won’t necessarily be reflected in the main measure the Fed uses to gauge inflation.Because of some byzantine math and trends in a few key areas beneath the headline readings, policymakers are unlikely to take…
Travellers process through a security checkpoint at Seattle-Tacoma International Airport before the Thanksgiving holiday in Seattle, Washington, U.S. November 24, 2021.Lindsey Wasson | ReutersUnions filed a lawsuit on Thursday seeking to block the Trump administration from ending collective bargaining for about 50,000 Transportation Security Administration officers that staff checkpoints at U.S. airports and other transportation hubs.The lawsuit in Seattle, Washington federal court claims the U.S. Department of Homeland Security canceled a bargaining agreement covering TSA officers as retaliation against unions for challenging other Trump administration initiatives.The lawsuit seeks to reinstate the seven-year agreement, which was enacted last year, and bar DHS from rescinding…
The NFL never sleeps, especially when it comes to the swirling tornado of activity otherwise known as free agency.Whom would the Las Vegas Raiders target as their next signal caller? Where would Sam Darnold land? And don’t forget the surprise contract extensions that pop up out of nowhere.But the past week also featured plenty of news beyond football, with the NBA and college basketball gearing up for their postseasons, the NHL digging into its trade deadline and so much more.Hopefully, you’ve been paying attention, because there was a lot to track, and much of it is featured in this week’s…
President Trump’s cabinet has been busy rolling back regulations that will make it far easier to extract and produce fossil fuels. But who will buy them?Nearly everyone, it turns out, particularly under the threat of tariffs.At an annual energy-industry conference in Houston, executives spoke openly about how companies from around the world are seeking to buy American liquefied natural gas as a way of placating Mr. Trump’s demands to either balance trade or face punitive measures.“If you’re a nation who has a trade imbalance with the U.S., they’re all asking themselves, ‘What can we do to try to level the…
NY Attorney General Letitia James speaks during a press conference at the offices of the Attorney General on January 08, 2025 in New York City. Michael M. Santiago | Getty ImagesNew York Attorney General Letitia James on Thursday announced a bill to protect the state’s consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms.James said in a release that the legislation would bolster the state’s existing consumer protection law —which dates from 1970 and is more limited in scope — at a time when the Trump administration has hobbled the federal agency charged…
Ritholtz Wealth Management co-founder and CEO Josh Brown is doubling down on his view of four stocks even as the broad market stays under pressure. The S & P 500 entered a correction on Thursday , at least on an intraday basis, as investors continued to contend with uncertainty surrounding President Donald Trump’s trade policy in general and tariffs in particular. The broad market index is down more than 6% in 2025 and 4% so far this week. Here’s what Brown had to say on CNBC’s ” Halftime Report ” on Thursday about four key stocks he’s watching. AutoZone Brown…
Retail traders snapped up Tesla shares in recent days as the stock went through the ringer, according to JPMorgan. Everyday investors cumulatively bought $4.1 billion in stock of the electric vehicle maker since March 4, JPMorgan’s Kamal Tamboli told clients in a note published Wednesday. That insinuates ongoing support from mom-and-pop traders, even as the stock faced eye-popping declines during the period. “Their ‘buy-the-dip’ mentality is particularly strong for TSLA,” Tamboli told clients. Shares have dropped more than 19% this month and 40% since the start of 2025. A large chunk of the sell-off coming when the stock fell more…
Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.David Paul Morris/Bloomberg via Getty ImagesNvidia CEO Jensen Huang is expected to reveal details about Rubin, the chipmaker’s next AI graphics processor, on Tuesday at the company’s annual GTC conference. While other tech companies usually name their products using combinations of inscrutable letters and numbers, most of Nvidia’s most recent GPU architectures have been named after famous women scientists.Nvidia is naming its next critical AI chip platform after Vera Rubin, an American astronomer.The company has…
