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…
Author: usaeverydaylife
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…
Soy farmer Caleb Ragland on his farm in Magnolia, KentuckyCourtesy: American Soybean AssociationCaleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, however, he has to navigate a tariff minefield at a time when the sector is already facing major headwinds.Ragland works with his wife and three sons and has deep roots in the community. His family has been farming on the land for more than two centuries. But over the past few years, he has seen a double-digit percentage decline in crop prices while production costs rise. Soybean futures have…
BRADENTON, Fla. — Before the meme, there was the announcement. Here was Paul Skenes, live on MLB Network. Cal Ripken Jr., the Hall of Fame shortstop, set the scene: The winner of the 2024 National League Jackie Robinson Rookie of the Year is … Paul Skenes.The camera cut to Skenes and his girlfriend, the gymnast and influencer Olivia Dunne, on a brown leather couch. Dunne, clad in a red dress, smiles, claps and places her hand on Skenes’ shoulder. Congratulations. She’s ecstatic. Skenes, wearing a gray suit jacket and white dress shirt, sat there. Aside from his Top Gun mustache,…
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025.Arlyn Mcadorey | ReutersWith concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news.The consumer price index for February is forecast to show an increase of 0.3% for a broad array of goods and services across the largest economy in the world. That projection holds both for the all-items measure and the core index that excludes volatile food and energy prices.On…
There are two more stocks to consider for riding out the stock market storm of 2025. One sits atop a mountain of trash and the other atop a pile of cash. These are part of our new stock lists at CNBC Pro, which we launched with the All Weather Stock List near the end of last month. As stated on Feb. 26, we started the All Weather list because of some troubling signs in the markets and economy, including the too-low Cboe Volatility Index level and Walmart’s poor forecast. This was cause enough for a look at stocks and funds…
Wednesday’s inflation report could take on greater importance given recent wild moves in the stock market. The S & P 500 extended its recent losses Tuesday after a midday rally failed, as fears of an economic recession mount. President Donald Trump announced additional tariffs on Canadian steel and aluminum imports. Ontario Premier Doug Ford then threatened to shut off electricity to the U.S. in response. The U.S. agreed to resume military aid shipments to Ukraine after Kyiv backed a 30-day ceasefire. All this comes as investors brace for the latest consumer price index release, due Wednesday at 8:30 a.m. ET.…
U.S. President Donald Trump looks on on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S. Feb. 25, 2025. Evelyn Hockstein | ReutersPresident Donald Trump is set Tuesday to address a major meeting of top CEOs, many of whom have seen the value of their companies slashed as Trump’s tariff-heavy economic policy has raised uncertainty and fueled a market sell-off.Trump is scheduled to deliver 5 p.m. ET remarks at the quarterly meeting of the Business Roundtable, a nonpartisan Washington-based economic advocacy group comprising more than 200 CEOs.Apple CEO Tim Cook, JPMorgan…
The top three in my annual ranking of the best coaches in college football was easy. After that, things got more complicated.How much does recency bias factor in? For me, not as much as it does for Stewart Mandel, whose Top 25 can be found here. I’ve always given coaches more credit for what they did at their previous stops than he does, but I’ve become more of a creature of the moment than I used to be.One caveat: Even with all of the shake-up in the sport, it’s hard to include coaches who haven’t spent at least three seasons…
A senior official at the main U.S. aid agency, which is being dismantled by the Trump administration, told employees to clear safes holding classified documents and personnel files by shredding the papers or putting them into bags for burning, according to an email sent to the staff.The email sent by Erica Y. Carr, the acting executive secretary, told employees of the U.S. Agency for International Development to empty out the classified safe and personnel document files on Tuesday. “Shred as many documents first, and reserve the burn bags for when the shredder becomes unavailable or needs a break,” Ms. Carr…
