US Politics & Business News
The Federal Reserve’s upcoming interest rate vote may ultimately be decided by just a few hundredths of a percentage point in inflation readings. Investors are closely watching this week’s producer and consumer price index releases as critical inputs for the Fed’s September 16 policy decision. Markets currently see the Fed leaning toward a hike, but…
The Trump administration announced sweeping new sanctions Tuesday targeting every Iranian airline and nearly a dozen foreign companies conducting business with Iran’s Mahan Air. The measures fall under Operation Economic Outcast, a financial pressure campaign the administration launched last month as its military effort against Iran stalled after more than six months. The sanctions cover…
Rocket Lab (NASDAQ: RKLB) trades at $64.26, sitting roughly 57% below its 52-week high of $151 after a string of setbacks rattled investor confidence. A Stage 1 tank test failure pushed the debut of the company’s Neutron medium-lift rocket to Q4 2026, with management acknowledging the year-end launch window is narrowing considerably. Despite that pressure,…
The U.S. Department of Commerce has finalized agreements to award $100 million each to three leading quantum computing companies under the CHIPS and Science Act. D-Wave Quantum, Rigetti Computing, and Quantinuum all reached definitive agreements with the federal government on Tuesday, marking a significant public investment in the quantum computing sector. Each company will receive…
Canada has officially activated retaliatory tariffs on $27.6 billion worth of American goods, escalating an already bitter trade dispute between the two longtime allies. The new duties range from 15% to 50% across hundreds of U.S. products, covering dairy, agricultural equipment, paper, household appliances and electronics. U.S. steel, aluminum and iron products were among the…
Trump will mark the 25th anniversary of the September 11 attacks at the Pentagon rather than attending the Ground Zero ceremony in New York City. The New York Times first reported that Trump had initially wanted to travel to New York but ultimately decided against it. Organizers of the Ground Zero program would not allow…
An emergency crew rescued a construction worker from scaffolding on the White House North Portico on Monday afternoon after receiving reports of an injury on site. Dispatchers for the D.C. Fire and EMS department called for a “high-angle rescue” at the White House, according to publicly available audio recordings from the incident. A high-angle rescue…
U.S. stock markets will be closed Monday, September 7, in observance of Labor Day, with trading resuming on Tuesday, September 8. Both the NYSE and Nasdaq observe the federal holiday, leaving investors without access to equities markets for the extended weekend. Bond markets, guided by the Securities Industry and Financial Markets Association (SIFMA), will also…
The release of OpenAI’s GPT-6 Astra model has reignited investor enthusiasm for AI hardware, with memory chip makers among the biggest beneficiaries. OpenAI launched GPT-6 Astra on September 3, marking the company’s most ambitious and computationally demanding model release to date. The launch has coincided with a broader recovery in semiconductor stocks that had been…
Rudy Giuliani, the former New York City mayor who later served as President Trump’s personal lawyer, has publicly attacked Mayor Zohran Mamdani over his plans to attend the 9/11 commemoration at Ground Zero. Giuliani led New York City through the devastating aftermath of the September 11 attacks, and he has positioned himself as a vocal…