US Politics & Business News
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…
Grocery Outlet Holding Corp (GO) reported net sales of $1.19 billion for the quarter ended July 4, 2026, representing a 1% year-over-year increase. Comparable-store sales declined 0.3%, which was an improvement of 70 basis points from the first quarter and better than the company’s projected 1.5% to 2% decline. Chief Financial Officer Ian Ferry noted…
At 63 years old and retired, a former CPA sitting on a $1.2 million 401(k) is asking a question many pre-retirees face: is a Roth conversion worth the effort? For high-balance savers approaching or already in retirement, Roth conversions represent one of the most debated strategies in personal finance and tax planning today. A traditional…
The projected 2027 Social Security cost-of-living adjustment of 3.6% would deliver the largest benefit increase recipients have seen in four years. The forecast comes from The Senior Citizens League, which based its projection on July inflation data showing consumer prices rose 3.4% over the prior year. If the 3.6% projection holds, the average retiree’s monthly…
A 57-year-old woman and her 61-year-old husband are semi-retired and working part time, but find themselves at financial odds over a pressing question. Over the past three years, the couple has drained much of their cash reserves paying for a new roof, home repairs, two used cars, and unexpected veterinary bills. Despite holding roughly $1.7…