US Politics & Business News
SpaceX shares have extended their recovery from post-IPO lows, rising around 6% and pushing closer to the $150 level amid growing institutional interest. Fresh filings from major technology and investment firms reveal significant accumulated positions in SpaceX, fueling optimism across the broader technology sector. Alphabet (GOOGL) disclosed a SpaceX stake worth approximately $94 billion at…
Global semiconductor sales hit $403.3 billion in the second quarter of 2026, a 35.1% jump from the previous quarter, according to the Semiconductor Industry Association’s August 2026 report. Strong demand across the Americas, Asia Pacific and China continues to fuel industry expansion, reinforcing semiconductors as a cornerstone of technological innovation and economic growth. The World…
The share of Americans working or actively seeking employment has dropped to its lowest level since the pandemic, raising alarms among economists and market watchers alike. The labor-force participation rate fell to 61.4% in July, according to the Bureau of Labor Statistics, matching levels last seen in February 2021. The total size of the American…
D-Wave Quantum Inc. (NASDAQ: QBTS) has appointed seasoned technology finance executive Kevan P. Krysler to its Board of Directors and Audit Committee, effective immediately. The company, which describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, announced the move on August 17, 2026. Krysler currently serves as chief financial…
Leopold Aschenbrenner, a former OpenAI researcher, built a hedge fund around a singular conviction that artificial superintelligence was coming faster than anyone realized. His fund, Situational Awareness, attracted roughly $225 million in seed funding from high-profile backers including Stripe co-founders Patrick and John Collison, former GitHub CEO Nat Friedman, and trading firm Jane Street. The…
Billionaire hedge fund manager David Tepper’s Appaloosa Management closed out 12 positions entirely in its Q2 2026 13F filing submitted on August 14, 2026. The full exit list as of June 30, 2026 includes SanDisk (NASDAQ: SNDK), Corning (NYSE: GLW), PDD Holdings (NASDAQ: PDD), JD.com (NASDAQ: JD), and L3Harris Technologies (NYSE: LHX). Appaloosa also exited…
The oil market has stopped reacting to global conflict headlines the way it once did, and economists say the real explanation is structural demand erosion. The world is simply learning to consume less oil than it used to, a shift that carries significant implications for the broader global economy going forward. Economists warn that persistently…
Quantum computing remains one of the market’s most speculative corners, with August delivering the kind of setup that aggressive investors actively hunt for. Monster revenue growth, fresh White House policy tailwinds, and stocks still trading well below their late-2025 highs have converged to put the sector back in focus. Valuations are extreme, losses are widening,…
D-Wave Quantum Inc. (NYSE: QBTS) has delivered a wild ride for investors, with shares up 24% over the past year but down by the same amount year-to-date. The company reported its second quarter earnings on August 6th, and shares closed the session 9% lower in response to the results. CNBC’s Jim Cramer addressed the market…
The ballet flat has officially moved beyond niche fashion circles and into mainstream footwear culture, with nearly every major brand now launching its own version. Birkenstock and Crocs (CROX) are among the most prominent names capitalizing on what has become one of the most durable style movements in recent footwear history. Birkenstock CEO Oliver Reichert…