An AG43 automatic rifle is on display at a gun store in Arlington Virginia.Olivier Douliery | Sipa USA via AP ImagesRhode Island’s Democratic-controlled state House on Friday approved legislation that would ban the sale and manufacturing of many semiautomatic rifles commonly referred to as assault weapons.The proposal now heads to the desk of Democratic Gov. Dan McKee, who has said he supports assault weapons bans. If the bill is signed into law, Rhode Island will join 10 states that have some sort of prohibition on high-powered firearms that were once banned nationwide and are now largely the weapon of choice…
Author: usaeverydaylife
The most popular stocks for investors heading into the second half of 2025 include Amazon , Nvidia and Newmont . The first half of the year was characterized by high volatility, as President Donald Trump’s escalating trade war cast a shadow over the market. Although stocks have since recovered from the lows of the year in April, the Dow Jones Industrial Average remains underwater year to date. In the same time period, the S & P 500 has gained 1.5%, while the Nasdaq Composite has inched up 0.7%. But with trade negotiations ongoing, Wall Street is cautiously optimistic entering the…
Returns on Amazon are free and easy for shoppers, but they’re risky and expensive for the small businesses that sell a majority of the goods on the world’s biggest e-commerce site. Returns have driven some sellers to exit the popular Fulfillment by Amazon program, while others told CNBC they’d like to leave the platform altogether.At the heart of the problem is a big rise in returns fraud, which has led to customers mistakenly receiving used products when they ordered something new. In two particularly egregious examples involving baby products described to CNBC, Amazon sent customers used diapers and a chiller…
Amid the uncertainty around tariffs and the path of Federal Reserve monetary policy, investors can find attractive opportunities for income, according to Goldman Sachs Asset Management. The central bank opted to hold interest rates steady when it concluded its two-day meeting on Wednesday. The Fed still anticipates two reductions this year , but expects higher inflation and lower economic growth ahead. At the same time, the market is awaiting a resolution on tariffs. President Donald Trump ‘s deadlines for reaching trade deals is fast approaching, with the pause on reciprocal levies due to expire in July. “The next couple of…
People pass a Victoria’s Secret store in Manhattan, New York City, on June 5, 2024.Spencer Platt | Getty ImagesCompany: Victoria’s Secret & Co (VSCO)Business: Victoria’s Secret & Co. is a specialty retailer of women’s apparel and beauty products marketed under the Victoria’s Secret, Pink and Adore Me brand names. Victoria’s Secret brand offers intimate apparel, casual sleepwear, swim, lounge and sport, as well as fragrances and body care. Pink is a lifestyle brand for young women providing variety of collections and heritage pieces, including intimate apparel, loungewear, activewear, accessories, beauty and more. Adore Me is a direct-to-consumer lingerie and apparel…
Senior Israeli officials said this week that their military campaign against Iran could trigger the fall of the regime, an event that would have enormous implications for the global oil market.The oil market has reacted with remarkable restraint as Israel has bombed the third-largest crude producer in OPEC for eight straight days, with no clear sign the conflict will end anytime soon.Oil prices are up about 10% since Israel launched its attack on Iran a week ago, but with oil supplies so far undisturbed, both U.S. crude oil and the global benchmark Brent remain below $80 per barrel.Rising risk Still,…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024.Bloomberg | Bloomberg | Getty ImagesWhen Mark Zuckerberg feels the heat, he opens his wallet.The 41-year-old Facebook founder and Meta CEO is on a spending spree like never before in an effort to position his company at the forefront of the artificial intelligence boom and make up for recent costly mistakes in a market that’s rapidly revolutionizing the business world.Following last week’s stunning $14.3 billion investment in Scale AI, which brought with it Meta’s hiring of the startup’s founder, Alexandr Wang, and…
Seawater is pumped out of the wreckage of the ‘Bayesian’ yacht, owned by the late British tech entrepreneur Mike Lynch, as it is recovered by the floating crane ships HEBO LIFT 10 and HEBO LIFT 2 off the coast of Porticello, near Palermo, Sicily, Italy, on June 21, 2025.Igor Petyx | ReutersSalvage experts lifted Mike Lynch’s sunken superyacht to the surface and began pumping seawater out of it on Saturday, 10 months after it sank off the coast of Sicily, killing the British tech tycoon, his teenage daughter and five others.Work resumed at first light, with one of the most…
Kilito Chan | Moment | Getty ImagesElectricity prices are rising quickly for U.S. households, even as overall inflation has cooled.Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 — nearly double the inflation rate for all goods and services.The U.S. Energy Information Administration estimated in May that retail electricity prices would outpace inflation through 2026. Prices have already risen faster than the broad inflation rate since 2022, it said.”It’s a pretty simple story: It’s a story of supply and demand,” said David Hill, executive vice president of energy at the Bipartisan Policy…
Wall Street will continue to monitor the Iran-Israel war next week, with stocks at a bit of an impasse as investors await greater clarity on the economic outlook. The S & P 500 remains on the cusp of an all-time high, more than 2% off a February peak it has yet to clear as investors eye an escalating conflict in the Middle East, the Federal Reserve’s next move, the progress in Washington of the “one big beautiful bill” — all amid ongoing trade uncertainty and signs of softening in the economy. Whether stocks can continue to chart a path higher…
