US Politics & Business News
S&P Global announced Thursday it will not change its requirements for entry into its major indices, effectively blocking SpaceX from swift S&P 500 inclusion. The decision deals a significant setback to Elon Musk’s SpaceX, which is targeting a $1.75 trillion valuation and raising $75 billion in what would be the world’s biggest-ever IPO. S&P stated…
The Bureau of Labor Statistics will release its May nonfarm payrolls report Friday, and expectations on Wall Street are decidedly cautious heading into the data. Economists surveyed by Dow Jones expect just 80,000 jobs were added during May, a notable step down from the average of 150,000 over the prior two months. April’s payroll gain…
Investors crowding into technology stocks may be making a critical mistake, according to strategist Larry McDonald, who sees a major market rotation ahead. McDonald warns that market participants are incorrectly treating tech as the “safe trade,” a mindset he believes is setting up significant risk for those portfolios. The warning carries extra weight given that…
Private credit is once again facing scrutiny after a pair of funds moved to limit investor redemptions during the second quarter of 2026. The restrictions have renewed concerns about liquidity risks that have long shadowed the rapidly growing private credit space. The $2 trillion private credit market has expanded dramatically over the past several years…
The Securities and Exchange Commission is removing the pattern day-trading rule, with the change set to take effect on June 4, 2026. The rule has long required traders who execute four or more day trades within five business days to maintain a minimum of $25,000 in their brokerage accounts. Its elimination means that everyday retail…
CrowdStrike Holdings (CRWD) saw its stock fall following its latest earnings report, continuing a troubling pattern for the cybersecurity sector in 2026. The company managed to beat Wall Street’s financial expectations, yet investors responded by sending shares lower in a sign of growing skepticism toward the industry. CrowdStrike was not alone in this experience, as…
Rising grocery and gasoline prices driven by permanent supply shocks are placing new pressure on American consumers and the lawmakers responsible for protecting their wallets. Economists and policy analysts have drawn a distinction between two specific types of inflation that fall outside the Federal Reserve’s traditional toolkit and direct influence. The Federal Reserve relies primarily…
Millions of Americans enrolled in Medicaid could face coverage disruptions under new work requirements being debated in Congress, health advocates are warning. People living with cancer or HIV are among those most at risk of losing their Medicaid coverage if the new work rules take effect, according to advocates. The proposed requirements would mandate that…
By Prineha Narang My career has been built at the edge of what is physically possible, predicting exotic quantum states, developing sensors that exploit the laws of nature, and teaching machines to reason about the physical world. For a long time, that work lived in journals and laboratories, but those technologies are now being rapidly…
Former Fox News host Steve Hilton and reality television veteran Spencer Pratt delivered surprisingly strong performances in California’s jungle primary Tuesday night. Both men entered their respective races with thinner war chests than their establishment rivals and no prior experience in elected office. Their campaigns were built less on policy infrastructure than on raw charisma,…