Dalvin Modore walked as if there were broken glass beneath his feet, stepping gingerly, his frail shoulders hunched against the anticipation of pain. His trousers had become so loose that he had to hold them up as he inched around his small farm in western Kenya.Mr. Modore has tuberculosis. He is 40, a tall man whose weight has dropped to 110 pounds. He has a wracking cough and sometimes vomits blood. He fears the disease will kill him and has been desperate to be on medication to treat it.Mr. Modore is one of thousands of Kenyans, and hundreds of thousands…
Author: usaeverydaylife
Delta Air Lines ‘ steep first-quarter guidance cut indicates the rising lack of confidence consumers and corporations have on the economy, according to Bank of America. The company slashed its outlook for the current quarter, citing weak demand and a “recent reduction in consumer and corporate confidence caused by increased macro uncertainty,” according to its recent securities filing. “The macroeconomic uncertainty is unfolding in real time as DAL (Delta) is the first airline to cut its 1Q25 revenue growth outlook by 400-500bps to +3-4% from +7-9%,” BofA analyst Andrew Didora wrote in a note on Monday. “We knew February was…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The Republican-led House voted Tuesday to pass a six-month funding bill that would prevent a government shutdown at the end of the week, overcoming fierce Democratic objections.The vote was 217-213, with all Republicans but Rep. Thomas Massie of Kentucky supporting the continuing resolution. One Democrat voted for it.The measure now heads to the Senate, where its fate is uncertain. Republicans control 53 seats, and Sen. Rand Paul, R-Ky., has made clear he’s firmly against it. That means at least eight Democratic senators would have to support the bill to cross the Senate’s 60-vote threshold and send it to President Donald…
This week’s sell-off has pushed the S & P 500 below a key technical level, raising concern that a sustained downturn could take hold. The broad market index on Monday tore through its 200-day moving average for the first time since the fourth quarter of 2023. The technical measure, which indicates the long-term trend of the market, is at around 5,733. On Monday, the broader index closed at 5,614.56, more than 100 points below that level, as investors exited stocks due to fears of a recession stemming from U.S. tariffs on imported goods. The slide continued Tuesday, with the benchmark…
Confusion over escalating tariffs between the U.S. and its major trading partners is pushing inflation back toward the top of investor concerns. Many exchange-traded funds offer different ways to protect against that. The sharp rise in inflation after the Covid-19 pandemic led to a rush of new investment products to help people guard against higher prices, but the performance of different inflation-fighting ETFs was mixed. Now, with the February consumer price index due out Wednesday, investors may be turning their attention back to inflation-fighting ETFs — many of which have survived, allowing investors to dig through their track records. Inflation…
CNBC’s Sharon Epperson joins ‘Fast Money’ to talk how market turmoil is impacting retirement funds. Source link
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City.Michael M. Santiago | Getty ImagesStock futures were little changed on Tuesday evening after uncertainty around President Donald Trump’s tariffs sent the major averages on a roller-coaster ride. Investors also awaited a consumer inflation report due Wednesday.Futures tied to the Dow Jones Industrial Average advanced 27 points, or 0.07%. S&P 500 futures were 0.08% higher, while Nasdaq 100 futures gained 0.1%.The after-hours action comes after a whirlwind day for tariff policy that ultimately resulted in losses for all three…
Portugal’s Parliament ousted the center-right government in a vote of no confidence on Tuesday, forcing the third national election in little more than three years.The year-old government of Luís Montenegro was precarious from the start, controlling far less than a majority in the Parliament, and it has recently been tarnished by a controversy over his business dealings.President Marcelo Rebelo de Sousa said that the election to form a new government could take place in May.Mr. Montenegro’s Democratic Alliance, a coalition of conservative parties, finished first in the March 2024 election, but with only 29 percent of the vote, barely ahead…
Don’t trust any near-term bounces in Tesla shares even with the electric vehicle stock tumbling more than 50% from its peak, according to Ritholtz Wealth Management CEO Josh Brown. The widely followed trader believes the technical trend in Tesla’s stock chart has collapsed, making any rebound unsustainable. He also pointed to Tesla’s sky-high valuation of 113-times forward earnings even after the recent sell-off cut the multiple in half. “If it’s going to bounce, it should bounce right now. The problem is the chart, the trend is so fundamentally broken that … you could get a 12% rally in Tesla because [CEO…
