Trump Scores Primary Revenge as Cassidy Becomes First Incumbent Senator to Lose in 14 Years
Senator Bill Cassidy of Louisiana became the first sitting senator to lose a regularly scheduled Republican primary since Indiana’s Richard Lugar in 2012, eliminated from the race for a third term after Trump-backed congresswoman Julia Letlow and state Treasurer John Fleming outpolled the two-term incumbent on Saturday night. Letlow, who carried Trump’s “complete and total…
CACI International Lands $113.8m Navy Deal as Defense Tech Stocks Hold Firm
CACI International (NYSE: CACI) climbed 4.2% to $502.63 after the company secured a $113.8 million contract from the United States Navy to support the Military Sealift Command’s integrated business systems. The agreement could extend through October 2031 if all available options are exercised, making the total potential value of the relationship substantially higher than the…
Cerebras Systems (NASDAQ: CBRS) Raises $5.55 Billion in Biggest US Tech IPO Since Uber
Cerebras Systems (NASDAQ: CBRS) made a spectacular entrance onto the Nasdaq on Thursday, with shares closing up 68% at $311.07 after the AI chipmaker priced its IPO at $185 per share, itself above an already elevated expected range of $150 to $160. The company sold 30 million shares, raising $5.55 billion in the largest initial…
Cisco Surge Puts Tech Back in Front as Nasdaq Sets Another Record Amid Wall Street Inflation Tug-of-War
The S&P 500 rose 0.58 percent to a new all-time closing high of 7,444.25 on Wednesday, as the Nasdaq Composite gained 1.2 percent to 26,402.34, both indexes extending their record streaks despite a hotter-than-expected producer price index reading for April. The Dow Jones Industrial Average moved in the opposite direction, shedding 67.36 points, or 0.14…
Chip Stocks Sell Off Sharply as Hot April CPI Reading Adds Inflation Pressure to Iran War Anxiety
US technology and semiconductor stocks suffered a significant reversal on Tuesday after April’s consumer price index came in hotter than expected, confirming that the Iran war’s energy shock is feeding through to broader consumer prices and eliminating what little remained of market expectations for a Federal Reserve rate cut in 2026. The Nasdaq Composite fell…
Republicans Win Redistricting Battles But Democrats Lead in Enthusiasm Ahead of November Midterms
Republicans secured a pair of significant redistricting victories in Virginia and Tennessee this week that analysts estimate could net the party between four and five additional House seats in November, providing meaningful but not decisive structural benefit to a majority already sitting at its thinnest margins in the current Congress. The Virginia Supreme Court blocked…
Senate Prepares to Vote on Kevin Warsh as Fed Chair Ahead of Powell’s May 15 Departure
The full United States Senate is expected to vote this week on the confirmation of Kevin Warsh as the next chair of the Federal Reserve, with the confirmation likely to land before Jerome Powell’s term as chair expires on May 15. The vote would make Warsh the 17th Fed chair in history and place him…
Florida Gas Prices Hit Four-Year High as Iran War Drives $1.46/Gallon Spike, Forcing Miami Drivers to Rethink Daily Costs
Florida motorists are paying more at the pump than at any point since July 2022 after a dramatic 40-cent single-week surge pushed the state average to $4.34 per gallon, a price spike directly tied to the ongoing US-Iran conflict and the sustained disruption of the Strait of Hormuz that has sent global oil markets into…
Rackspace Technology [NASDAQ: RXT] Jumps 12% After AMD Partnership for Enterprise AI Cloud Targeting Regulated Industries
Rackspace Technology surged more than 12% in trading after the cloud computing company announced a memorandum of understanding with chipmaker Advanced Micro Devices [NASDAQ: AMD] to co-develop an enterprise AI cloud platform specifically designed for regulated industries and sovereign workloads, a market that has seen growing demand from financial services, government, and healthcare organisations seeking…
Trump’s Record-Low 37% Approval and Saudi LIV Golf Deal Deepen Republican Midterm Anxiety With Six Months to Go
President Donald Trump is heading into the final six months before the 2026 midterm elections carrying his worst approval rating of either presidential term, facing an electorate that overwhelmingly blames him for surging fuel costs and growing questions about whether his decision to host a Saudi-backed golf tournament at his own Virginia club this weekend…
