U.S. President Donald Trump welcomes Israeli Prime Minister Benjamin Netanyahu at the entrance of the White House in Washington, D.C., U.S., April 7, 2025. Leah Millis | ReutersU.S. President Donald Trump on Saturday lashed out at prosecutors in Israel over the corruption trial that Israeli Prime Minister Benjamin Netanyahu has faced, saying Washington, having given billions of dollars worth of aid to Israel, was not going to “stand for this”.Netanyahu was indicted in 2019 in Israel on charges of bribery, fraud and breach of trust – all of which he denies. The trial began in 2020 and involves three criminal cases.…
Author: usaeverydaylife
“Politics isn’t wagging the tail – it’s shaking the entire dog.”These strong words from one wealth manager to CNBC last week capture a hectic first half of trading. They also set the stage for an uncertain second half, where “geoeconomics” looks set to remain a dominant market force. This week, expect attention to return to monetary policy, as central bankers from across the globe — who have kept their heads down amid political tensions — prepare to speak at the ECB Forum in Sintra, Portugal. Halftime report A lot has happened in the last six months, with trade tensions and truces…
France views Eutelsat as a strategic asset in the EU’s push for technological sovereignty.Benoit Tessier | AFP via Getty ImagesFor years, France’s Eutelsat has been trying to build a European alternative to Elon Musk’s Starlink satellite broadband service.The company merged with British satellite venture OneWeb in 2023, consolidating the region’s satellite communications industry in an effort to catch up to Starlink, which is owned by SpaceX.Last week, the French state led a 1.35-billion-euro ($1.58 billion) investment in Eutelsat, making it the company’s biggest shareholder with a roughly 30% stake.Europe largely lags behind the U.S. in the global space race. Starlink’s…
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | ReutersThe Senate on Saturday cleared a key procedural hurdle to advance President Donald Trump’s “big, beautiful bill,” bringing the massive spending legislation one step closer to passage after weeks of painstaking negotiations.The Senate vote delivered a boost for Republican Majority Leader John Thune’s bid to get the bill to Trump’s desk by July 4. But it was not without drama.The vote on the motion to proceed was…
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersElon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive.” His remarks come weeks after he first hurled harsh criticism against the bill, which is backed by President Donald Trump.”The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” Musk wrote on X, a platform that he owns.”Utterly insane and destructive. It gives handouts to…
It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed Friday at new record highs. Incredible as that was, this week could have easily gone another way. Last Saturday, the world learned that the U.S. had entered the Israel-Iran conflict, dropping several massive bunker busters on Fordo, Iran’s underground nuclear facility buried under a mountain, and bombing two other sites, Isfahan and Natanz. While fear of further escalation and a prolonged war involving the U.S. was palpable last weekend, the market on Monday shrugged, betting on the notion that the conflict would not…
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersA federal judge on Friday dealt another blow to President Donald Trump’s efforts to throw out a defamation lawsuit against him filed by plaintiffs formerly known as the Central Park Five.U.S. District Judge Wendy Beetlestone said that Pennsylvania’s Anti-SLAPP law, designed to protect defendants from lawsuits targeting protected speech, does not apply in federal court, rejecting Trump’s motion…
A Tesla logo outside the company’s Tilburg Factory and Delivery Center.Karol Serewis | Getty ImagesTesla CEO Elon Musk said the automaker completed its first driverless delivery of a new car to a customer, routing a Model Y SUV from the company’s Austin, Texas, Gigafactory to an apartment building in the area on June 27.The Tesla account on social network X, which is also owned by Musk, shared a video overnight showing the Model Y traversing public roads in Austin, including highways, with no human in the driver’s seat or front passenger seat of the car.Tesla did not say which version…
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | ReutersAfter weeks of sparring over the specifics of the “one big, beautiful bill,” the package is poised to soon head to the Senate floor, where lawmakers are pushing to get it across the finish line and on President Donald Trump’s desk before July 4.Questions remain over whether the House will ultimately accept the Senate version of the bill, which was finalized just before midnight on Friday, as…
China’s dominance of the global supply chain is starting to hurt automakers.On April 4, the country cut off exports of a class of minerals called “heavy rare earth elements,” and it sent the global auto industry into a panic.Rare earths are a class of 17 elements that have become indispensable in all kinds of applications — everything from fighter jets and submarines, to smartphones and appliances. You can even find them in sports equipment, like tennis rackets and baseball bats.They are also, of course, essential to the modern automobile. Gas burning cars use them to filter pollution through the vehicle’s…
