US Politics & Business News
In a fresh sign that inflation pressures may be cooling, the producer price index showed no change in July, defying expectations for a 0.2% gain. The Bureau of Labor Statistics reported Thursday that the PPI, a key measure of underlying wholesale inflation, was unchanged month over month after falling 0.1% in June. The June figure…
Infleqtion reported second-quarter results that reflect a pattern common among high-growth technology companies: losses deepening even as revenue climbs sharply higher. The quantum technology firm posted revenue of $12.6 million for the quarter, representing a 116% increase compared to the same period in the prior year. Despite that top-line beat against projections, Infleqtion reported a…
Billionaire investor Bill Ackman is buying back into Netflix after famously exiting the streaming giant at a steep loss just three months into his original position. Ackman’s Pershing Square Inc. disclosed the new Netflix stake in a semiannual report released Wednesday, revealing it held 3.15 million shares as of June 30, representing 4.9% of its…
After a parent dies, many American families face an unexpected and devastating financial threat from the government program that paid for their loved one’s care. Medicaid estate recovery is a federally mandated process that allows states to reclaim the costs of long-term care services from the estates of deceased recipients who were 55 or older….
Rigetti Computing (RGTI) is back in the spotlight after delivering second-quarter 2026 results that showed meaningful revenue growth alongside persistent financial losses. Revenues surged 185% year over year to $5.1 million, driven primarily by on-premises Novera QPU sales to commercial organizations. Management pointed to progress on the 108-qubit Cepheus-1 system, expanding customer engagement, and strategic…
Cisco Systems Inc. reported fourth-quarter fiscal 2026 results Wednesday, delivering record demand figures driven by surging artificial intelligence infrastructure spending. The company described a broad-based “networking supercycle” underway, with hyperscaler AI infrastructure orders reaching $9.3 billion for the full fiscal year 2026. That figure represents a roughly 4.5-fold increase from the prior year, underscoring the…
The July consumer price index report landed broadly in line with expectations Wednesday, offering modest relief but far from a clean bill of health on inflation. The CPI rose 0.1% for the month, pushing the annual rate to 3.4%, while core readings came in at 0.2% monthly and 2.5% annually, according to the Bureau of…
SpaceX CEO Elon Musk used a company town hall, posted to X, to dramatically expand the public vision for what Starlink is meant to become. “Almost 11,000 satellites in orbit. That’s almost twice as many satellites as everyone else combined. And with Starlink V3 and beyond, we’ll go to 100,000 satellites,” Musk said at the…
China is aggressively expanding its economic footprint across Muslim-majority nations, positioning itself as the dominant industrial partner for a vast and growing consumer base. The strategy reflects Beijing’s broader ambition to diversify its manufacturing relationships at a time when Western trade tensions continue to reshape global supply chains. With a combined Muslim population exceeding 1.8…
The U.S. budget deficit surged to its highest monthly level in more than five years in July, driven by soaring Medicare costs and mounting federal debt interest payments. The Treasury Department reported Wednesday that the July shortfall totaled $432.3 billion, a jump of approximately 48% compared to the same month a year ago. That figure…