US Politics & Business News
Samsung, SK Hynix, and Micron have each crossed the $1 trillion market capitalization threshold, driven by surging demand for AI memory chips. The milestone for all three companies comes as the global semiconductor industry faces a significant supply deficit in AI memory chip production. Analysts indicate the memory chip shortage fueling these valuations is not…
President Trump took to Truth Social on Monday to call out what he described as “political hacks” interfering with ongoing negotiations with Iran. Trump specifically targeted Democrats and what he called “seemingly unpatriotic Republicans” for their commentary surrounding the diplomatic talks. The president urged both groups to stop “chirping” about the negotiations and allow him…
Norges Bank purchased a new stake in CoStar Group, Inc. (NASDAQ: CSGP) during the fourth quarter, according to a recent disclosure with the Securities and Exchange Commission. The fund acquired 7,090,495 shares of the technology company’s stock, valued at approximately $476,765,000. The purchase represents a brand-new position for Norges Bank in the NASDAQ-listed technology firm….
Groupon, Inc. (NASDAQ: GRPN) has received an average recommendation of “Hold” from the five brokerages currently covering the stock, according to Marketbeat.com. The analyst community remains divided on the stock, with opinions spanning from negative to cautiously optimistic outlooks across the five covering firms. Two investment analysts have rated Groupon with a sell rating, reflecting…
Cango (NYSE: CANG) reported first-quarter 2026 revenue of approximately $102 million, driven primarily by its Bitcoin mining business. Management stated the company is prioritizing cost discipline and cash flow resilience over hash rate scale during a period of industry adjustment. The revenue figure marks a significant data point for investors tracking Cango’s ongoing transition deeper…
President Trump declared Sunday that it is “very good” that thousands of lawyers have chosen to leave his administration, responding directly to a New York Times report. The Times report found that more than 10,000 lawyers working for the federal government departed between the end of 2024 and March. Trump addressed the reporting publicly, framing…
GOP strategist Brad Todd is publicly challenging President Trump’s decision to back Texas Attorney General Ken Paxton over incumbent Senator John Cornyn in the Republican primary. Todd made the pointed remarks on Sunday, describing the endorsement as a costly miscalculation with significant consequences for the Republican Party. “I think the president made a 100-million-dollar mistake…
Former First Lady Jill Biden has spoken publicly for the first time since leaving the White House, addressing her husband’s physical condition during his presidency. In her first interview since departing the White House, Jill Biden sat down with CBS News Sunday correspondent Rita Braver to discuss the former president’s health. Jill Biden acknowledged that…
Remitly Global, Inc. (NASDAQ: RELY) recorded a dramatic spike in short interest during May, signaling increased bearish sentiment among market participants toward the stock. As of May 15th, short interest in RELY totaled 13,742,989 shares, representing a sharp rise from the April 30th figure of 5,534,001 shares. That increase amounts to a growth rate of…
Hazlett Burt & Watson Inc. significantly increased its position in Netflix, Inc. (NASDAQ: NFLX) during the fourth quarter, according to a recent regulatory filing. The investment firm grew its holdings in the internet television network by 936.2% during the fourth quarter, a substantial surge in exposure. The disclosure came through a Form 13F filing submitted…