Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple shares rose more than 2% on Monday, pushing the company’s market cap back above $3 trillion, as Wall Street expressed some level of relief that the iPhone maker will be able to withstand President Donald Trump’s widespread tariffs.Late Friday the Trump administration announced that phones, computers and chips were exempted from new tariffs. Apple is among the most exposed companies to Trump’s tariffs, because the majority…
Author: usaeverydaylife
AUGUSTA, Ga. — A concoction of sweaty bodies and long-lens cameras was deadlocked in the upper left-hand corner of the No. 15 grandstand at Augusta National as Rory McIlroy’s 7-foot eagle putt slid underneath the cup. At that point in the day, the phoneless Masters Tournament patrons were not unfamiliar with the sound of thousands of simultaneous groans. Hearing and participating in them repeatedly, however, was not getting any easier.A Green Jacket stood up out of his plastic bleacher seat in a frenzy.“I can’t take much more of this,” the gentleman uttered. He bee-lined toward the steep downward staircase, his…
Mario Vargas Llosa, the Peruvian novelist who combined gritty realism with playful erotica and depictions of the struggle for individual liberty in Latin America, while also writing essays that made him one of the most influential political commentators in the Spanish-speaking world, died on Sunday in Lima. He was 89.His death was announced in a social media statement by his children.Mr. Vargas Llosa, who won the Nobel Prize in Literature in 2010, gained renown as a young writer with slangy, blistering visions of the corruption, moral compromises and cruelty festering in Peru. He joined a cohort of writers like Gabriel…
Semiconductor stocks were the clear leaders in the AI-driven cyclical bull market of 2023 and 2024. The S & P 500 Semiconductor Index generated impressive returns of approximately 98% and 75% in 2023 and 2024, respectively. However, the same index is down over 17% year to date, making semiconductors the third-worst performing industry group in the S & P 500. A weekly chart of the VanEck Semiconductor ETF (SMH) shows a significant loss of momentum since the middle of last year. This is visually evident in the declining 200-day, or 40-week, moving average (MA).Intermediate-term momentum has turned negative per the…
Georgijevic | E+ | Getty ImagesIf you’re scrambling to file your taxes, you could miss another key due date on April 15: the first-quarter estimated tax deadline for 2025. Typically, quarterly payments apply to income without tax withholdings, such as self-employment earnings, rental income, interest, dividends or gig economy work. Similarly, retirees and investors “frequently need to make these payments,” the IRS said in a news release last week. The first-quarter deadline for 2025 “could be a surprise” if you’re newly self-employed or recently started contract work, said Misty Erickson, tax content manager at the National Association of Tax Professionals. More from Personal…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.Nathan Howard | ReutersA group of five small businesses on Monday sued President Donald Trump, seeking to block new tariffs that he has imposed on foreign imports in recent weeks.The lawsuit in the U.S. Court of International Trade alleges that Trump has illegally usurped Congress’ power to levy tariffs by claiming that trade deficits with other countries constitute an emergency.The Liberty Justice Center, which is representing the owner-operated companies, said Trump’s so-called Liberation Day tariffs of at least 10% on import from…
The Athletic has live coverage of the 2025 WNBA Draft.Two Sundays ago, Paige Bueckers and Sue Bird gathered inside Amalie Arena in Tampa, Fla., as different points in their lives were celebrated.Bueckers led a courtside coronation. The Huskies blew out South Carolina to win UConn’s first national championship in nine years. With the souvenir net draped around her neck after her final college game, Bueckers said she felt an overwhelming sense of joy and gratitude.Bird also appeared grateful for her moment in the spotlight. She was present, in part, to co-host an alternate ESPN telecast with her best friend and…
Key PointsThe scale of U.S. dollar declines and euro gains amid tariff-induced market chaos has caught some market players off-guard.With investors broadly exiting U.S. assets, questions remain over whether a pull-back lies ahead. The euro has benefited from an alternative safe haven status, buoyed by longer-term expectations of German fiscal spending and the euro area’s current account surplus.Amid the madness of financial markets over the last two weeks, one particular move has caught many investors off guard — the sharp fall of the U.S. dollar and gains for the euro. The U.S. dollar index has plunged to a three-year low…
Tariff-related headlines have roiled stocks since President Donald Trump’s initial surprise rollout, and investors shouldn’t let their guard down, according to Morgan Stanley. “Investors should prepare to be fooled many more times,” the firm’s strategists led by Matthew Hornbach said in a note to clients titled “Fool Me Once, Shame On You. Fool Me Twice, Shame On Me.” “Hold your convictions loosely and keep your stops tight. If a master plan exists – e.g., offset the negative economic impact of tariffs with fiscal and monetary easing – it’s unlikely to work in the way the US administration envisions,” they said.…
Higher quality stocks with more achievable relative growth rates and earnings estimates could be investors’ best bets for hedging against mounting market uncertainty, according to Trivariate Research. Rising uncertainty stemming from President Donald Trump’s April 2nd “reciprocal” tariff rollout has plagued markets , with the S & P 500 suffering a four-day string of losses and then rebounding last Wednesday for its third-biggest one-day gain since World War II. Trivariate Research founder and CEO Adam Parker doesn’t see much relief for investors anytime soon, and he doesn’t anticipate an eventual “V-shaped” fundamental recovery, either. “We are less optimistic about the…
