Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO, and Benchmark — to downgrade the stock overnight. Many flagged fresh concerns around stagnant Cash App user growth, muted consumer demand, and a soft macro environment that may weigh on monetization.”Stagnation in the number of active users of the app is even more concerning than users’ reduced spending,” Benchmark wrote in its…
Author: usaeverydaylife
President Donald Trump on Friday said his administration will revoke Harvard University’s tax-exempt status, escalating his previous threats against the Ivy League school and potentially expanding an ongoing legal battle.”It’s what they deserve!” Trump wrote in a terse Truth Social post announcing the decision.The post is the latest escalation in Trump’s campaign against Harvard and other elite schools, based on claims that they have fostered antisemitism and other forms of discrimination on their campuses.Trump has sought to extract concessions from the institutions by threatening to withhold federal research grants unless the schools make massive changes, many of which give the…
A member of staff next to a trading board at the London Stock Exchange on April 25, 2025. Carl Court | Getty ImagesWhile global markets have been gripped by turbulence in the wake of U.S. President Donald Trump’s seesawing tariffs policies, British stocks have enjoyed a bumper rally.London’s FTSE 100 index, which has gained 4.8% since the beginning of the year, was 0.8% higher at 1:00 p.m. in the U.K. on Friday — putting it on track for its longest ever run of daily gains.On Thursday, the index closed marginally higher, marking its fourteenth consecutive session of gains. This has…
The money manager behind two of the world’s biggest actively managed exchange-traded funds sees a way for investors to stay defensive without leaving the market.Jon Maier helps run the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income ETF (JPST). They’re listed as No. 1 and No. 3 in size globally in their category, according to VettaFi.The goal: give investors downside protection while generating income.”When the VIX [volatility] increases, that offers the opportunity for an increased amount of income to the investor of JEPI,” the J.P. Morgan Asset Management chief ETF strategist told CNBC’s “ETF Edge” this week. “Conversely…
AutoZone could be a good hedge for investors seeking protection from ongoing tariff stress, according to Oppenheimer. The investment firm upgraded shares of the automotive parts retailer to an outperform rating from perform. Analyst Brian Nagel’s new price target of $4,600 implies that shares of AutoZone could rise 23% from their Thursday closing price of $3,732.92. AutoZone stock has gained nearly 17% this year. AZO 1Y mountain AZO 1Y chart The analyst pointed to AutoZone’s historic valuation discount as an especially compelling reason to buy the stock now. “We assume a more constructive, nearer-term stance towards auto parts retail, and…
After years of delay, the deadline for Real ID is fast approaching.Starting May 7, upgraded driver’s licenses or ID cards — created post-9/11 to boost security standards — or another acceptable form of identification will be required to board domestic flights and enter certain federal facilities.All states, the District of Columbia, and the five U.S. territories are Real ID compliant and issuing Real ID-compliant driver’s licenses and IDs, according to DHS. But not all states are happy about it. Representative Laurel Libby, R-Maine, has sponsored a bill to repeal the law in Maine that allows the secretary of state to…
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty ImagesPresident Donald Trump on Friday issued his latest call for the U.S. Federal Reserve to lower interest rates, following a better-than-expected jobs report for April.”Just like I said, and we’re only in a TRANSITION STAGE, just getting started!!!” Trump wrote in an exuberant Truth Social post minutes after the latest nonfarm payrolls report came out.”Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED…
American Airlines seat for its new Flagship Suite seatsTKTKAmerican Airlines’ new suites with sliding doors are set to start flying on some of its planes in June, a key part of its strategy to compete against more profitable rivals for high-spending customers.American first unveiled the new design in September 2022 and expected to start flying the new seats in 2024 but, like other carriers, faced delays from suppliers. First and business-class airplane seats throughout the industry have become so elaborate that they’ve held up deliveries of new aircraft.American’s new suites on the Boeing 787-9 will debut for regularly scheduled service…
Daniel Ek, co-founder and chief executive officer of Spotify Technology SA, during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty ImagesSpotify on Friday said Apple has approved the company’s U.S. app update, which will allow users to access pricing information, links to make purchases and select from more payment options within the music streaming app.The approval comes after a U.S. federal judge on Wednesday ordered Apple to stop imposing the commissions it makes on purchases through web links inside an iPhone app. Spotify acted…
When the Archbishop of Bologna, Matteo Zuppi, received his cardinal’s red hat on Oct. 5, 2019, his day ended with a Mass celebrated in the square of the Basilica of Santa Maria in Trastevere, a neighborhood in central Rome where he found his direction as a teenager and later served as a priest.“My life, or rather life itself, is always made up of so many pieces that have shaped us and are part of me,” Cardinal Zuppi, now 69, said during his homily that evening. “Today I can see, and I believe we all see it, the joy of being…
