US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesThe CEOs of Uber, Dell, Goldman Sachs and more are expected to announce Monday that they will collectively invest billions of dollars into so-called Trump accounts for the children of their employees, a White House spokesperson confirmed to CNBC.The executive are slated to make the commitments during President Donald Trump’s roundtable event touting the eponymous pilot program, which would deposit $1,000 from the government in…
Author: usaeverydaylife
Microsoft ROG Xbox Ally and Ally X Handheld devicesSource: XboxMicrosoft Xbox players will soon be able to take their favorite games anywhere with the launch of the new ROG Xbox Ally handhelds.This is a first for Xbox, which has never released a handheld before.The devices, developed in collaboration with ASUS, offer a full-screen Xbox experience meant for portable play.Players will be able to access Xbox games, stream content, and play on the go with built-in support for cloud gaming.”Players can look forward to an approachable gaming experience that travels with you wherever you go, featuring several new and first-of-their kind…
This picture shows signage of cross-border fast fashion e-commerce company SHEIN.Jade Gao | Afp | Getty ImagesFast fashion giant Shein is reportedly set to boost its manufacturing in India with a view to bolstering its international supply chains amid the ongoing U.S.-China trade war.The Chinese-founded, Singapore-headquartered brand and Indian partner Reliance Retail are set to expand their supplier base in the South Asian country and begin international sales of India-made Shein clothes within the next six to 12 months, Reuters reported Monday, citing sources.The plans aim to increase Indian suppliers from 150 to 1,000 within a year, they added.Shein told…
A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao | Nurphoto | Getty ImagesWalmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of new credit cards for customers of the world’s biggest retailer.OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said.OnePay, which was created by Walmart in 2021 with venture firm Ribbit Capital, will handle the customer experience for the card program through its…
RH’s unique position, with a high-end assortment, relative scale, and a small share of the home furnishings market, leaves room for long-term growth. However, the weak U.S. housing market is a significant headwind. This is something CEO Gary Friedman acknowledged on the earnings conference call last quarter… “While we expect a higher-risk business environment this year due to the uncertainty caused by tariffs, market volatility, and inflation risk, we believe it’s important to separate the signal from the noise. The fact is, we’ve been operating in the worst housing market in almost 50 years. For context, in 1978, there were…
Fruit and vegetables are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty ImagesAmericans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his tariff proposals, according to a New York Federal Reserve survey Monday.The central bank’s Survey of Consumer Expectations showed that the one-year inflation outlook took a substantial dip, down to 3.2% — a 0.4 percentage point decrease from April.At the three-year horizon, the outlook fell 0.2 percentage point to 3%, while the five-year forecast edged down to 2.6% from 2.7%.While…
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe.The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in Germany.The company said it will be paying on average a 4.3% coupon on the bonds issued through the process.In an ABS, Vantage raises money by using its data center infrastructure and future revenues from the facilities as collateral.Vantage said it will use the funds primarily to pay off existing construction loans previously secured for the facilities.”We believe the ABS…
An overly optimistic outlook on Tesla’s robotaxi rollout and a feud between CEO Elon Musk and President Donald Trump will keep the company’s stock in check, according to Baird. The firm downgraded in the electric vehicle company to neutral from buy. It maintained its $320 price target, which calls for about 8% upside from Friday’s close. Musk told CNBC’s David Faber in May that Tesla plans to have robotaxis in Austin by the end of this month . “We believe Musk’s comments regarding the robotaxi ramp rate are a bit too optimistic, and we believe this excitement has been priced…
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles in the vicinity of protests that were unable to be retrieved. Waymo is suspending service in the protest area until it is deemed safe, the spokesperson added. Waymo responded with guidance from the Los Angeles Police Department, the spokesperson…
Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.”The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.”He’s like Iron Man,” the attendee…
