U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | ReutersPresident Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday.Trump said “Too Late” Powell is costing the United States “hundreds of billions of dollars” by not cutting rates, leveling a familiar criticism against the Fed chair who has repeatedly ignored Trump’s pressure campaign to cut rates.”We should be 2.5 Points lower, and save $BILLIONS on all…
Author: usaeverydaylife
An Airbus A350-1000 passenger aircraft performs during the 55th edition of the International Paris Air Show (Salon international de l’aeronautique et de l’espace – SIAE) at the ParisLe Bourget Airport, in Le Bourget, north of Paris, France on June 18, 2025. Anadolu | Anadolu | Getty ImagesAirbus orders and new models have taken center-stage at this year’s Paris Air Show, as its U.S. rival Boeing spends yet another major industry event keeping a low profile due to turmoil at the business.Airlines and manufacturers use air shows as an opportunity to make splashy aircraft purchase announcements following months of negotiations, some…
President Donald Trump’s family business is taking preorders for a gold-colored smartphone, the T1.Trump Mobile, which launched Tuesday, says the device will be available in September, cost far less than Apple’s and Samsung’s smartphones — and be made in the United States, aligning with the president’s “America First” economic ethos.Industry experts and tech journalists instantly cast doubt on those claims. And if Carlsbad, California-based smartphone maker Purism is any example, it would take much more than two months for Trump Mobile to build an American-made smartphone from scratch. It would also most likely be more expensive than the T1’s advertised price of $499.At…
Over the past decade, Nike (NKE) has experienced an average earnings-related stock price movement of approximately 6% in the week following its quarterly earnings release. The at-the-money June 27th $60 strike straddle is approximately $5.70 as I write this, or 9.5% of the current stock price. Why is the options market anticipating so much earnings-related volatility? Based on alternative data, sales trends, and inventory metrics, Nike faces a challenging near-term outlook as it approaches its fiscal Q4 2025 earnings report next week on June 26. The company is navigating a challenging consumer environment, intense competition, and macroeconomic headwinds, including, potentially,…
Urgent international calls for restraint appear to be falling on deaf ears as the world braces for intensifying conflict in the Middle East.All eyes are on the White House, as U.S. President Donald Trump weighs carrying out direct military strikes on Iran. Such an act would represent a dramatic deepening of U.S. involvement in what has thus far been limited to attacks between Iran and U.S. ally Israel.Smoke blankets the sky above Tehran, Iran, following explosions in the capital after the Israeli army hit Iranian targets, on June 18, 2025.Anadolu | Anadolu | Getty ImagesThe Kremlin warned Thursday that U.S.…
Warren Buffett once predicted that Berkshire Hathaway stock would rise when he eventually steps down. So far, the opposite has happened. Since May 3, when the “Oracle of Omaha” announced his plans to hand over the reins, the stock of his conglomerate has fallen more than 10%, underperforming the S & P 500 by about 15 percentage points. The sell-off partially reflects the so-called Buffett premium, or the extra price investors are willing to pay because of the billionaire’s unmatched record and exceptional capital allocation skills. “I am actually surprised at the magnitude of Berkshire’s underperformance … especially since Buffett…
Mercer Island, a wealthy enclave just outside Seattle.Danita Delimont | Gallo Images Roots Rf Collection | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The United States is home to the most millionaires of any country, with a tally of 23.8 million in 2024, according to a new report by UBS. The Swiss bank estimated the U.S. minted some 379,000 new millionaires last year, or more than a thousand each day, for an increase of 1.5%.Mainland…
Samsung launched the Galaxy Z Fold6 at its Galaxy Unpacked event in Paris. The tech giant said the foldable device is thinner and lighter than its predecessor.Arjun Kharpal | CNBCSamsung will unveil a thinner version of its flagship foldable smartphone at a launch likely set to take place next month, as it battles Chinese rivals to deliver the slimmest devices to the market.Folding phones, which have a single screen that can fold in half, came in focus when Samsung first launched such a device in 2019. But Chinese players, in particular Honor and Oppo, have since aggressively released foldables that…
Exterior of the Bank of England in the capital’s financial district, on Feb. 6. 2025 in London, England.Richard Baker | In Pictures | Getty ImagesThe Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it cuts again.Six out of nine of the BOE’s monetary policy committee opted to hold rates with three opting for a 25-basis-points cut.”Underlying UK GDP [gross domestic product] growth appears to have remained weak, and the labour market has continued to loosen, leading to clearer signs that a…
The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV — a milestone that the company and some experts say could help bring the world closer to ending the decadeslong epidemic caused by the virus. But the launch of the injectable drug, which will be marketed under the name Yeztugo, faces a set of potential threats, including the Trump administration’s proposed cuts to federal funding for HIV prevention efforts. In two groundbreaking clinical trials in 2024, Gilead’s injection proved to be capable of virtually eliminating new HIV infections when taken every six months. That’s a less frequent…
