US Politics & Business News
Senate Commerce Committee Chairman Ted Cruz has described a viral warning from an AI researcher as “scary as hell,” raising fresh alarm about the pace of artificial intelligence development. Cruz’s comments come as Congress faces growing pressure to act on AI legislation before the technology outpaces any regulatory framework lawmakers might construct. The Senate Commerce…
Lobbyists and interest groups have spent $31 million pressing Congress on the Protect College Sports Act, the sweeping bipartisan bill backed by Sens. Ted Cruz and Maria Cantwell. The legislation represents one of the most significant federal attempts to regulate the business of college athletics in the history of American higher education. Cruz, a Republican…
Shares in five of the most prominent quantum computing companies are climbing sharply today, even as broader markets experience a notable pullback across major indexes. The gains are being driven by a significant government funding announcement targeting three of the sector’s leading publicly traded firms, injecting fresh momentum into the nascent industry. Rigetti Computing (Nasdaq:…
House Democrats are facing mounting internal pressure over the rapid expansion of data centers across the country, with progressives demanding legislative action to halt new construction. Rep. Alexandria Ocasio-Cortez has introduced a bill that would place an indefinite moratorium on data center construction until Congress establishes adequate safeguards for affected communities. Democratic candidates nationwide are…
The Republican National Committee held its first-ever midterm convention in Dallas this week, and the event wasted no time cementing its unofficial nickname. Posters of President Donald Trump covered the walls of American Airlines Center, capturing moments from Oval Office meetings to his now-iconic stance in Butler, Pennsylvania. Red, white and blue baseball caps bearing…
Both D-Wave Quantum Inc. (NASDAQ: QBTS) and Rigetti Computing Inc. (NASDAQ: RGTI) surged in premarket trading after securing landmark federal investment agreements. D-Wave shares climbed 5.73% premarket while Rigetti jumped 6.78% following the announcement of definitive agreements with the U.S. Department of Commerce. The deals were executed under the authority of the CHIPS and Science…
Hunter Biden’s $LAPTOP memecoin suffered a dramatic collapse, losing approximately 95% of its peak value within hours of launching on Coinbase’s Base blockchain. The token initially surged from roughly $37 per coin to more than $222 before crashing to around $1.80, wiping out the gains of countless buyers who entered near the top. According to…
Sen. Mike Lee of Utah is positioning himself as the leading candidate to chair the Senate Judiciary Committee, a move that would mark a significant ideological shift for the panel. The anticipated leadership change comes as term limits push Sen. Chuck Grassley of Iowa out of the committee’s top spot, opening the door for a…
Bernie Sanders-endorsed democratic socialist David Morales has defeated incumbent Providence Mayor Brett Smiley in Tuesday’s Democratic primary election. Morales, a Rhode Island state representative, ran a platform centered on rent stabilization, affordable housing expansion, and higher taxes on corporate landlords and polluters. The victory adds Providence to a growing list of cities where progressive democratic…
Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…