US Politics & Business News
LeBron James has told the Los Angeles Lakers the franchise can move on without him, as he intends to play elsewhere for the 2026-27 NBA season. The bombshell news came via Klutch Sports CEO Rich Paul, who informed ESPN’s Shams Charania of James’s decision to leave Los Angeles. The Golden State Warriors have emerged as…
Britain’s likely next prime minister, Andy Burnham, is set to confront one of the most consequential energy policy decisions in recent UK history. Burnham is expected to take office in July if he remains unchallenged by Labour Party colleagues, inheriting a fierce debate over North Sea oil drilling versus renewables. The debate has intensified following…
When an aging parent enters a new romantic relationship, adult children often face a difficult mix of emotional and financial concerns that can strain family dynamics. Later-in-life romances are increasingly common, and they can bring genuine happiness to older adults who have lost a spouse or gone through a divorce. However, these relationships also introduce…
The U.S. Office of Government Ethics released President Donald Trump’s annual financial disclosure report on Tuesday, spanning a remarkable 927 pages. The document covers 2025, the first year of Trump’s second non-consecutive term in the White House, and reveals an expanding financial empire. Trump’s crypto-related income included approximately $515 million from the sale of tokens…
The chip sector’s blistering two-month run has added roughly half a trillion dollars in market cap to the Nasdaq 100, raising serious questions about sustainability. The rally, which saw an approximately 80% surge in semiconductor stocks, also spurred one of the most successful ETF launches in history and dozens of parabolic single-stock moves. Beneath the…
Retirees drawing from tax-deferred accounts face a growing challenge as required minimum distributions push them into unexpectedly high tax brackets each year. When RMDs combine with Social Security benefits, dividends, and capital gains, the total taxable income can surge well beyond what many retirees originally anticipated during their working years. Financial planners increasingly point to…
Gold fell below $4,000 on June 24 for the first time since November 2025, rattling precious metals markets and deepening an already painful quarterly loss. The breach marks a dramatic reversal for a metal that set record highs earlier this year, with prices now down roughly 24% since the Iran war began in late February….
Rocket Lab has announced plans to acquire Iridium Communications for approximately $8 billion, positioning itself as a direct competitor to SpaceX’s Starlink satellite network. The deal, announced June 29, will see Iridium shareholders receive $27 in cash plus Rocket Lab stock, valuing each Iridium share at $54 in a combined cash-and-stock transaction. Rocket Lab CEO…
Washington’s AI debate has entered a new phase. After years of hearings, voluntary frameworks and warnings about safety, copyright, labor and national security, Congress is now attempting to write the first serious federal rulebook for artificial intelligence. But energy regulators, utilities, data-center operators, governors and local communities are asking an increasingly urgent question: is Congress…
Wall Street has developed a striking pattern tied to U.S. military actions against Iran, with Monday morning trading sessions becoming increasingly predictable for equity traders. Each time the Trump administration launches or cancels strikes against Iran over a weekend, markets respond with sharp and consistent moves by the following Monday open. The latest example came…