Musician Brian Wilson performs at Roadside Attraction’s “Love and Mercy” DVD release and music celebration with Brian Wilson at the Vibrato Jazz Club on October 12, 2015 in Los Angeles, California. Kevin Winter | Getty ImagesBrian Wilson, the musical visionary who captured the optimism of early 1960s youth culture as leader of the Beach Boys and crafted some of the most stylistically adventurous pop music of the era with the seminal album “Pet Sounds,” has died, his family confirmed Wednesday.He was 82. His family did not immediately specify a cause of death.”We are heartbroken to announce that our beloved father…
Author: usaeverydaylife
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesThe impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy have faded, and that makes the country vulnerable to a downturn in the coming months, according to JPMorgan Chase CEO Jamie Dimon.”I think there’s a chance real numbers will deteriorate soon,” Dimon said at a Morgan Stanley conference on Tuesday, according to a transcript from FactSet.The…
Check out the companies making the biggest moves midday: Oklo — The advanced reactor company surged more than 25% after receiving a notice that it will likely win an award to power an Air Force base. Oklo would deploy one of its Aurora powerhouse plants at Eielson Air Force Base in Alaska. The award is not finalized and Oklo’s reactor design has not been approved by the Nuclear Regulatory Commission yet. GameStop — Shares slipped nearly 5% after GameStop posted first-quarter revenue of $732.4 million, down from the $881.8 million figure seen in the same period a year prior. Bread…
President Donald Trump’s proposal for a new savings account for children with a one-time deposit of $1,000 from the federal government just got an important stamp of approval.At the “Invest America” roundtable at the White House this week, several top CEOs, including Michael Dell and Goldman Sachs chief David Solomon, expressed support for “Trump Accounts,” which are part of the landmark Republican-backed “big beautiful bill” moving through Congress. The executives committed to contributing to the accounts of their employees’ children, and, in Dell’s case, matching the government’s seed money “dollar for dollar.”Still, policy experts and financial advisors question whether the provision is the most…
The Walt Disney logo is displayed on screen during the Walt Disney Studios presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Valerie Macon | AFP | Getty ImagesDisney and Universal joined forces in a lawsuit against artificial intelligence image creator Midjourney, alleging copyright infringement.It is the first AI copyright lawsuit from Hollywood giants.The lawsuit claims that the company used and distributed AI-generated characters from the movie studios like Star Wars, The Simpsons and other films and alleges that Midjourney disregarded requests to stop.The studios included numerous examples in the suit…
The dozen board members of the prestigious Fulbright program that promotes international educational exchanges resigned on Wednesday because of what they said was political interference by the Trump administration in their operations, according to people familiar with the issues and a board memo obtained by The New York Times.The members are concerned that political appointees at the State Department, which manages the program, are acting illegally by canceling the awarding of Fulbright scholarships to almost 200 American professors and researchers who are prepared to go to universities and other research institutions overseas starting this summer, said the people, including Senator…
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook that fraudulently use the images of Warren Buffett and other famous figures, New York Attorney General Letitia James said Wednesday. James said in a news release criminals are consistently evading Meta’s automated and human review systems to post fake ads that leave retail investors saddled with millions of dollars in…
Walmart (WMT) is facing headwinds with looming tariffs likely to erode profit margins amid an already overstretched valuation. The retail giant, a leader in the defensive sector, trades at a substantial premium, raising concerns about downside risk as global trade tensions mount. With technical rejection and elevated implied volatility (IV) offering attractive premiums, this set-up presents a timely opportunity for bearish exposure to capitalize on WMT’s vulnerabilities. Trade Timing The timing for adding bearish exposure to WMT is optimal, as the stock recently rejected its $100 area of resistance. This rejection, combined with negative divergence with momentum suggests buyer exhaustion.…
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized.Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You can definitely say that.”President Donald Trump said in a Truth Social post Wednesday morning that U.S. duties on China will total 55% — but a White House official told CNBC soon after that that figure is not new. Rather, it comprises the existing 30% blanket U.S.…
Dossier from The Fulbright ProgramAbid Katib | Getty ImagesThe entire Fulbright Foreign Scholarship Board resigned over what it said Wednesday was meddling by the Trump administration in the board’s authority to award scholarships.The 12-member board, in a statement, said the State Department, which runs the scholarship program, had denied Fulbright awards “to a substantial number of individuals who were selected for the 2025-2026 academic year.” “The administration is also currently subjecting an additional 1,200 foreign Fulbright recipients to an unauthorized review process and could reject more,” the board said in its statement, which was posted on Substack.”We believe these actions…
