Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesMany of the items that U.S. shoppers browse and buy in retailers’ aisles come from far-away factories or farms — a reality that could soon force many consumers to change their buying habits.Sneakers, T-shirts, beer and other common household items are often made in countries like China, Mexico and Canada before they wind their way to a big-box retailer, grocer or mall in the U.S. That complex global supply chain was front and center Monday as President-elect Donald Trump was inaugurated. He…
Author: usaeverydaylife
Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association.Bloomberg | Bloomberg | Getty ImagesBitcoin will hit a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday.Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, told CNBC’s Arjun Kharpal that he sees “much clearer regulation” happening in the U.S. this year under the new Trump administration, adding this will be supportive for crypto markets.”If you…
The way forward for General Motors is higher as the risks related to a second Trump administration have already been factored into the stock price, according to Deutsche Bank. Analyst Edison Yu upgraded the maker of Cadillacs and Buicks to buy from hold. He also raised his price target on the stock to $60 from $56, implying upside of almost 18% from Friday’s close. “While there are concerns about the cycle and potential policies of the new Trump administration, our view is that these risks are already very well-known and there’s room for positive surprises (e.g., pricing holds up better,…
Shortly after the opening bell on Tuesday, we will make a trio of trades: We’ll sell 200 shares of Coterra Energy at roughly $29.31. Following the trade, Jim Cramer’s Charitable Trust will own 3,100 shares of CTRA, decreasing its weighting from 2.7% to 2.55%. In addition, we’ll sell 45 shares of Honeywell at $224.26. After the trade, the Trust will own 200 shares of HON, decreasing its weighting to 1.25% about from 1.5%. Lastly, we’ll buy 10 shares of Eli Lilly at roughly $727.50. Following the purchase, the Trust will own 115 shares of LLY, increasing its weighting to roughly…
Here are the most important news items that investors need to start their trading day:1. Day oneStock futures rose Tuesday in the first trading day of Donald Trump’s second term as president. Markets were closed Monday for Martin Luther King Jr. Day. U.S. stocks are coming off a strong week. The S&P 500 climbed 2.9%, the Dow rose 3.7% and the Nasdaq Composite ticked 2.5% higher. Investors will be watching Trump’s trade policy and other key pieces of his agenda, along with a few major earnings reports this week. Follow live market updates. 2. Trump takes officeDonald Trump is sworn…
DAVOS, SWITZERLAND – JANUARY 21: European Commission President Ursula von der Leyen attends a session during the World Economic Forum (WEF) annual meeting in Davos, Switzerland on January 21, 2025. (Photo by Halil Sagirkaya/Anadolu via Getty Images)Anadolu | Anadolu | Getty ImagesThe European Union is “open for business” and keen on global partnerships, European Commission President Ursula von der Leyen said Tuesday, as the world braces for the trade protectionism of newly inaugurated U.S. President Donald Trump.”Europe will seek cooperation, not just with longtime likeminded friends, but with any country we share interests with,” Von der Leyen said during her…
The long-awaited trial in Prince Harry’s lawsuit against Rupert Murdoch’s London tabloids for unlawful gathering of information opened on Tuesday. But it was immediately adjourned amid signs that the prince was weighing a last-minute settlement offer from Mr. Murdoch’s News Group Newspapers.A lawyer for Harry petitioned the judge for an hour, before asking for yet another delay until 2 p.m. London time. During the break, lawyers huddled in the hallways of the High Court, which swarmed with journalists gathered to cover a trial that was expected to be the last major legal reckoning for victims of the phone hacking scandal…
JMP thinks Roku its well-positioned in streaming — an industry that is benefitting from increasing viewership and advertising. Analyst Matthew Condon initiated coverage of the streaming television company with a market outperform rating and $95 price target. That suggests 25.2% upside for the stock Condon said Roku could be a major beneficiary from the rapidly growing advertising spend in the connected TV, or CTV, segment — which is expected to grow at a 15% compound annual growth rate between 2024 and 2027. About $166 billion of linear TV ad spend is shifting to CTV, a trend driven by streaming platforms…
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital currencies.”If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan said in an interview at the World Economic Forum in Davos,…
US President Donald Trump holds letter to the UN stating the US withdrawal from the Paris Agreement during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025.Jim Watson | Afp | Getty ImagesU.S. President Donald Trump’s pledge to withdraw from the landmark Paris climate agreement for a second time creates a leadership vacuum that other countries can benefit from, according to the United Nations’ top climate official.Trump on Monday signed an executive order to pull the U.S. out of the world’s biggest coordinated effort to tackle rising temperatures. He also announced a “national energy emergency”…
