When a financial adviser keeps recommending products a client has already rejected, it raises serious questions about whose interests are being served. Annuities are insurance-based financial products that generate a steady income stream, often carrying higher fees and commissions than other investment vehicles. Financial advisers who earn commissions on product sales face an inherent conflict…

Free steak dinners and polished sales pitches have long been the calling card of retirement seminars targeting older Americans with promises that sound almost too good to believe. At these events, salespeople frequently claim that certain annuity products can outperform the stock market while simultaneously protecting your principal from any losses. That combination of upside…

Oil prices dropped sharply on Friday after Iranian state media reported a proposed peace deal that could see the Strait of Hormuz reopen to normal traffic. U.S. crude oil futures for July delivery fell 4.5% to $83.80 per barrel as traders reacted to news of a potential diplomatic resolution. August futures for international benchmark Brent…

First Lady Melania Trump and Treasury Secretary Scott Bessent have announced a new spinoff of Trump Accounts designed specifically for children in foster care. The initiative, called Fostering the Future Accounts, extends the existing Trump Accounts program by allowing child welfare agencies to open accounts on behalf of foster children. Trump Accounts, also known as…

The 2026 FIFA World Cup is drawing unprecedented attention from artificial intelligence researchers and forecasting models eager to predict the tournament’s outcome. Several frontier AI models were each given the same 2026 World Cup draw and independently tasked with forecasting which nation would lift the trophy. Four of the seven models picked Spain as the…

Nasdaq’s quarterly rebalance is bringing five new names into its premier index, headlined by space technology firm Rocket Lab USA (RKLB) alongside four AI-linked companies. Index provider Nasdaq Global Indexes announced late Thursday that Rocket Lab, connectivity chip maker Astera Labs, cloud-computing companies CoreWeave and Nebius, and chip-equipment maker Teradyne will join the Nasdaq 100…

Martin O’Malley, who served as the 17th Commissioner of the Social Security Administration from 2023 to 2024, is making the rounds to address the program’s long-term financial challenges. Appointed by President Biden, O’Malley has been meeting with city and state leaders across the country to discuss what the agency can do to better serve its…

Adobe Inc. (ADBE) shares fell 5.6% in extended trading after the company announced the departure of Chief Financial Officer Dan Durn, its second straight quarter of top-level executive change. Durn, who serves as Executive Vice President and CFO, will leave the company on June 15, 2026, to pursue a new professional opportunity at Marvell Technologies….

Reaching $1 million per Bitcoin sounds far-fetched to many investors, but Bitwise Asset Management CIO Matt Hougan says the skepticism is rooted in flawed analysis. Hougan argues that most analysts rely on what he calls “static math” when projecting Bitcoin’s long-term price potential, ignoring how markets actually evolve. The standard valuation approach estimates the size…

Oracle Corp. (ORCL) stock has collapsed roughly 30% in a single quarter, marking its worst performance since 2001 and rattling investor confidence across the technology sector. The dramatic sell-off comes just three months into the tenure of new co-CEOs Clay Magouyrk and Mike Sicilia, who inherited a company carrying enormous expectations tied to artificial intelligence…