US Politics & Business News
Many Americans quietly struggle with comparing their bank accounts, careers, and lifestyles to those of the people they grew up alongside. The feeling can intensify over time, as some friends buy homes, take luxury vacations, or reach financial milestones that feel increasingly out of reach for others. Social comparison is a deeply human tendency, but…
Former Rep. Mary Peltola has raised $17 million in the third quarter of 2026, marking her largest quarterly fundraising total in her Senate bid against GOP incumbent Dan Sullivan. Peltola’s campaign shared the fundraising figures first with Politico, underscoring the national attention this race has attracted heading into November. Alaska’s Senate contest is rated as…
AI investment is quietly redrawing the map of global economic leadership, shifting attention toward financial stocks tied to the fastest-moving regions. Higher oil prices and rising bond yields are changing the rules for banks, insurers, and asset managers operating across AI-focused economies worldwide. Three financial stocks have emerged from screening as particularly relevant to this…
D-Wave Quantum (QBTS) and QuantumScape (QS) are competing for investor capital in two of the most closely watched emerging technology sectors today. D-Wave focuses on quantum computing solutions for complex optimization problems, serving customers in logistics, defense, and financial services, including CGI and BASF. QuantumScape is developing solid-state lithium-metal batteries promising faster charging and longer…
Broadcom Inc. (AVGO) CEO Hock Tan sparked significant market turbulence after comparing many AI investors to casino gamblers during a Singapore appearance. Tan told the audience that the surge in artificial intelligence investing has drawn in participants who behave more like gamblers than informed, disciplined investors. “A lot of investors have no clue what they…
Global bond markets are facing a dangerous combination of rising inflation, record debt levels, and surging AI-related borrowing, the International Monetary Fund warned Tuesday. The IMF released its latest Global Financial Stability Report as part of the annual IMF-World Bank meetings in Bangkok, Thailand, where more than 18,000 delegates gathered this week. Government bond yields…
California Gov. Gavin Newsom has thrown his support behind a ballot measure that would effectively neutralize a separate proposal to tax the state’s billionaires. Newsom endorsed Proposition 42, which would prohibit retroactive taxes that Proposition 40, known as the Billionaire Tax Act, would otherwise impose on California billionaires. Proposition 40 would target any billionaire who…
D-Wave Quantum (QBTS) reported second-quarter 2026 revenue of $3.1 million, a figure essentially unchanged from the same period a year earlier. That stagnation is striking given the company carries a $5.4 billion valuation, a price that clearly anticipates rapid and sustained growth ahead. Beneath the flat headline number, however, cloud subscriptions and professional services both…
A family dispute over a valuable property has raised questions about inheritance, caregiving, and what one sibling truly deserves when another moves in. The situation centers on an elderly widowed mother, 78, who owns her home outright, with the property valued at $925,000. Beyond the real estate, the mother also holds $480,000 in investments, making…
Robert E. Hall and Michael Woodford have been awarded the Nobel memorial prize in economics for work that underpins models used by central banks and governments to smooth out periods of boom and bust. The U.S.-born pair were jointly recognized for their contribution to the “microeconomic foundations” needed to create macroeconomic stability, according to the…