Secretary of State Marco Rubio said on Wednesday that he hoped a cease-fire between Russia and Ukraine could take place within “days” if Russian leaders agreed, and that he planned to get diplomats from the Group of 7 allied nations to focus on ending the war in a meeting this week in Canada.“Here’s what we’d like the world to look like in a few days: Neither side is shooting at each other — not rockets, not missiles, not bullets, nothing, not artillery,” he told reporters during a refueling stop in Ireland as he flew from Saudi Arabia to Canada. “The…
Author: usaeverydaylife
The recent market sell-off could provide a compelling entry point for investors in financial stocks, especially banks, according to longtime value investor Bill Nygren. Stocks recovered a fraction of their recent losses in midday trading on Wednesday, after three weeks of declines. The rebound followed the release of a softer-than-expected consumer price index report for February . Still, the S & P 500 remains almost 3% lower for the week, putting the market on pace for a fourth straight week in the red. “Financials are still the largest opportunity set, and we own a lot of them, especially the banks,”…
Google DeepMind CEO Demis Hassabis, left, and Google CEO Sundar Pichai open the tech titan’s annual I/O developers conference focusing on how artificial intelligence is being woven into search, email, virtual meetings and more, May 14, 2024.Glenn Chapman | AFP | Getty ImagesGoogle is bringing its DeepMind artificial intelligence technology models into the physical world to power robots.The company on Wednesday debuted two new AI models, Gemini Robotics and Gemini Robotics-ER (extended reasoning). They both run on Gemini 2.0, which Google calls its “most capable” AI to date. Gemini Robotics goes beyond outputs like text and images, where generative AI has…
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year.The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and up from the 10.34 billion euros recorded in the same period of last year.Fourth-quarter net income came in at 1.42 billion euros, also in line with analyst expectations.It follows a rare miss on sales and profit in the third quarter, which the company attributed partly to a stronger…
Check out the companies making headlines in midday trading. Nvidia — Stock in the chipmaker surged more than 6%, reversing course after several weak sessions. Shares slumped roughly 8% in March and are down 14% in 2025. Target — Stock in the retailer slipped about 3%, as the broader field of consumer defensive stocks took a leg lower on Wednesday. Peer retailer Walmart declined almost 2%. Crocs — The shoemaker advanced 3% on the back of Loop Capital’s upgrade to buy from hold. Loop said the stock has an attractive valuation, which provides an entry point for investors, amid recent…
Talen Energy could be set up for major gains over the next several months, according to Morgan Stanley. The firm initiated coverage on the power producer with an overweight rating and set its price target at $243. That implies more than 37% upside from Tuesday’s close. “The company operates the Susquehanna nuclear plant in PA and a fleet of 11 gas and coal plants, primarily in the mid-Atlantic market,” analyst David Arcaro wrote in a Wednesday note to clients. “The stock fits squarely into our broader thesis on powering AI: Talen’s nuclear plant offers highly valuable speed to market for…
Bloomberg | Bloomberg | Getty ImagesThe Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.Attorneys for the FTC made the request during a status hearing on Wednesday before Judge John Chun in the U.S. District Court for the Western District of Washington. Chun had set a Sept. 22 start date for the trial.Jonathan Cohen, an attorney for the FTC, asked Chun for a two-month continuance on the case due to staffing and budgetary shortfalls. The Trump administration, with the help of…
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla shares rose for a second straight day in early trading Wednesday after the stock recorded its worst day since 2020 earlier in the week.Shares were last up 8%, building on a 3.8% gain from Tuesday.The electric vehicle stock plunged 15.4% on Monday for its worst session since September 2020 as investors sold popular technology shares and…
After hours of negotiations that ended with Ukrainian officials acquiescing to a proposed 30-day cease-fire with Russia, it was not until the flight home that they received the news they most wanted to hear: American military assistance was flowing again.“I will only say that there is no better reward for such a crazy day than to learn, while already sitting on the plane, a short dry confirmation” that military aid had restarted, Heorhii Tykhyi, a spokesman for Ukraine’s foreign minister, wrote on social media after talks with U.S. officials in Saudi Arabia.The resumption of U.S. weapons deliveries and intelligence sharing…
Eggs for sale at a grocery store in Los Angeles on Feb. 26, 2025.Eric Thayer/Bloomberg via Getty ImagesInflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress.The consumer price index rose 2.8% for the 12 months ended in February, the U.S. Bureau of Labor Statistics reported Wednesday. That’s down from 3% last month.The deceleration is encouraging after fears in recent months that inflation had become entrenched and wasn’t falling back to target.”Progress is bumpy,” said Michael Pugliese, senior economist at…
