US Politics & Business News
The Trump administration is moving to cancel $810 million in congressionally approved federal funding through a controversial maneuver known as a pocket rescission. The move sidesteps congressional approval entirely, drawing sharp criticism from lawmakers on both sides of the aisle, including members of Trump’s own party. Republican Senator Susan Collins of Maine was among the…
Pope Leo XIV has pushed back against efforts to dismiss artificial intelligence concerns, saying experts raising alarms about rogue AI deserve to be taken seriously. Speaking to reporters while departing France for Vatican City, the American pontiff addressed growing fears that AI software could spiral beyond human control. “If someone were to ask me, ‘Am…
Raytheon, a business unit of RTX (NYSE: RTX), has been awarded a five-year multi-year contract valued at up to $20.7 billion for production of AMRAAM missiles. The contract includes two option years and was awarded under the Department of War’s Arsenal of Freedom initiative, a program designed to accelerate domestic munitions output. The agreement follows…
Advanced Micro Devices (AMD) has agreed to acquire World Labs, a San Francisco-based AI startup, in an all-stock transaction valued at approximately $8.2 billion. World Labs was founded by Fei-Fei Li, a Stanford computer science professor widely regarded as a pioneer in modern artificial intelligence and computer vision research. The company develops spatial-intelligence models capable…
Major news organizations, including The New York Times, are urging a federal court to give little weight to the Department of Justice’s support for OpenAI in ongoing copyright litigation. The outlets filed a formal response to the DOJ’s Statement of Interest, which argued that training artificial intelligence models on unlicensed content qualifies as fair use…
President Trump on Monday flatly denied discussing the sale of U.S. weapons with Chinese President Xi Jinping during their recent meeting. Trump was pressed by reporters after U.S. Ambassador to China David Perdue suggested over the weekend that Trump had floated the idea of selling weapons to China. “I never heard of that one,” Trump…
Russia’s hybrid warfare campaign across Europe has pushed defense spending back to the top of government agendas, keeping investor attention firmly on aerospace and defense companies. Governments routinely prioritize military budgets even during periods of fiscal tightening, making defense stocks a resilient corner of the market for many portfolio managers. Three companies in particular stand…
The Senate is set to vote this week on legislation that would restrict the ability of members of Congress and their families to buy and sell stocks. The bill passed the House earlier this year and now faces a critical test in the upper chamber, where its prospects remain uncertain among lawmakers on both sides…
Income investors across the UK are reassessing their portfolios as bond markets inch closer to flashing alarm signals on the broader US economy. The concern is straightforward: if growth slows and volatility persists, reliable cash flows become the priority for cautious investors seeking shelter. Dividend stocks yielding above 3% with strong payout coverage are drawing…
The Korea Institute of Science and Technology has successfully led a delegation of South Korean quantum deep-tech startups at Quantum World Congress 2026 in College Park, Maryland. KIST spearheaded the initiative through its Global Bridge Program, connecting Korean startups with overseas research institutions, enterprise partners, and investors to drive global commercialization. The program operates under…