Boxes of General Mills cereal are displayed on a grocery store shelf on December 20, 2023 in San Anselmo, California.Justin Sullivan | Getty ImagesGeneral Mills forecast annual profit below expectations on Wednesday, as weak demand for its refrigerated baked goods and snacks in the U.S. in a tariff-driven, uncertain macroeconomic background weighed on the Pillsbury owner.Economic uncertainty arising from President Donald Trump’s shifting tariff policies has weighed on consumer spending in the U.S., challenging General Mills’ efforts to drum up sales.”We expect the operating environment will remain volatile, with consumers pressured by widespread uncertainty from tariffs, global conflicts, and changing…
Author: usaeverydaylife
European defense stocks have soared this year amid a regional push toward ramping up defense spending – but according to investment bank Citi, the bull run may soon run out of steam. The Stoxx Europe Aerospace and Defense index has gained almost 50% since the beginning of the year, with a handful of stocks, including Germany’s Renk , Rheinmetall and Hensoldt , more than doubling in value. The rally has been supported by action from European governments to hike their defense budgets, with the EU pledging to mobilize as much as 800 billion euros ($928 billion) for security spending, while…
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. Alex Wroblewski | AFP | Getty ImagesThe Trump Organization scrapped a reference that its recently revealed smartphone will be made in the U.S., amid doubts that such a device can be manufactured on American shores at its price tag.A spokesperson for the Trump Organization, which is owned by U.S. President Donald Trump, nevertheless maintained the handset…
US President Donald Trump (R), German Chancellor Friedrich Merz (L,up), NATO Secretary General Mark Rutte (L) and Greek Prime Minister Kyriakos Mitsotakis (R, up) gather for a family photo before a plenary session of the North Atlantic Treaty Organization (NATO) Heads of State and Government summit in The Hague, on June 25, 2025. Christian Hartmann | Afp | Getty ImagesNATO made history this week, agreeing to a massive hike in defense spending at its annual summit on Wednesday — but it was the “bromance” between President Donald Trump and NATO Secretary General Mark Rutte that stole the spotlight.Rutte appeared to…
British Pound reaches highest level since October 2021The British Pound has strengthened against the U.S. dollar to reach $1.3735, its highest level since October 2021.Data pointing to a sticky inflation environment in the country on June 18 has since pushed Sterling up by 2.4%.Stock Chart IconStock chart iconEuropean stocks open higherA bull statue and a bear statue stand outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany.Florian Wiegand | Getty Images News | Getty ImagesWe’re around 10 minutes into Thursday’s trading session, and stocks are edging higher.The pan-European Stoxx 600 was last seen trading around 0.4% higher,…
When it comes to our retirement nest egg, we can’t help but wonder where we stand compared to our cohorts.While Vanguard’s newly released “How America Saves” yearly report reveals that Americans’ 401(k) savings rates are at record highs — making up an average $148,153 balance and a median $38,176 balance, in 2024 — this is how Vanguard participants’ balances shake out by age group.Average and median 401(k) balance by ageBelow are the average and median account balances broken up by age groups, according to the Vanguard report. You’ll see that the averages are much higher than the median figures since…
Traders work at the New York Stock Exchange on June 25, 2025.NYSE Have we gone back in time? It certainly seems on the markets front. Just look at the S&P 500 and you will think that it’s back in February — before U.S. President Donald Trump’s “reciprocal” tariffs, before the White House’s “One Big Beautiful Bill Act,” and before the war between Israel and Iran. On February 19, the broad-based index closed at an all-time high of 6,144.15. Yesterday, it ended the trading session at 6,092.16. That’s a difference of less than 1%. A light breeze (or rogue social media…
Niphon | Istock | Getty ImagesOpenAI is putting a spotlight on an under-the-radar artificial intelligence startup that it believes is on the “front line” of China’s race to lead the world in AI — and its not DeepSeek. In a blog post on Wednesday, the company wrote that Beijing-backed Zhipu AI has made “notable progress” in the AI race, as global competition ramps up.Zhipu AI, founded in 2019, has been referred by domestic media as one of China’s “AI tigers” — a class of large language model unicorns seen as key to Beijing’s efforts to rival the U.S. and reduce its…
A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store.Cheng Xin | Getty Images News | Getty ImagesSwedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to kick-start the summer season.Revenues at the world’s second-largest clothing retailer dipped year-on-year to 56.71 billion Swedish krona ($5.99 billion) in the three-month period to May. 31, slightly below the 57.01 billion Swedish krona forecast by LSEG analysts.Operating profit totaled 5.9 billion Swedish krona over the quarter, in…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2025. Jeenah Moon | ReutersStock futures ticked higher early Thursday as the S&P 500 remains within striking distance of its all-time high.S&P 500 futures rose 0.12%, and the Nasdaq 100 futures climbed 0.17%. Futures tied to the Dow Jones Industrial Average ticked up 38 points, or 0.09%.The moves come after the S&P 500 finished Wednesday’s session flat, while the Nasdaq Composite rose 0.3% and the Dow Jones Industrial Average dropped 106.59 points, or about 0.3%. The three indexes are still on…
