US Politics & Business News
Intel Corporation (INTC) jumped roughly 5% in premarket trading Thursday after Bank of America upgraded the chipmaker to Buy from Underperform and raised its price target significantly. BofA lifted its Intel price target to $135 from $96, citing improved visibility across the company’s server processor and foundry businesses heading into the decade. The bank now…
President Donald Trump’s approval rating among Republicans has fallen to a new low of 44%, according to a poll of 1,032 Republicans by Congress.net. This fall in support comes amid growing concerns over inflationary pressures and the economy amid continued tensions with Iran. Trump’s approval rating among Republican voters was 57% as of 21 May,…
The European Central Bank announced a quarter-point rate hike on Thursday, lifting its key interest rate to 2.25% amid mounting inflation pressure from the ongoing U.S.-Iran war. Markets had been pricing in a near-100% chance of the ECB raising rates by at least 25 basis points ahead of its June Governing Council meeting, according to…
SpaceX’s long-anticipated IPO is generating enormous excitement across Wall Street and Main Street, but financial analysts are sounding serious alarms about the risks involved. The company’s current valuation sits at approximately $1.77 trillion, a figure that is drawing significant scrutiny from market observers and independent research firms alike. At that price, investors are being asked…
OpenAI is reportedly considering significant reductions to its pricing structure as competition from rival AI companies intensifies across the industry. According to a report from The Wall Street Journal, OpenAI is weighing major cuts to its token pricing, the unit AI firms use to bill customers for their products and services. The potential price reductions…
Legal sports betting is worsening food hardship for hundreds of thousands of American households, according to new research published by the National Bureau of Economic Research. The study compared nine states that legalized online and retail sports betting with states where both forms of betting remained illegal throughout the analysis period. Researchers analyzed changes in…
Research spanning decades has established a striking and consistent link between World Cup soccer losses and declining national stock markets the following day. A landmark 2007 study published in the Journal of Finance examined 1,100 football matches and stock returns across 39 countries, producing some of the field’s most cited findings. The paper, authored by…
The technology sector endured its steepest selloff of 2026 in early June, with the Nasdaq Composite plunging 4% on June 5 alone. That single-session decline marked the Nasdaq’s worst performance since April 2025, rattling investors who had grown accustomed to a prolonged AI-fueled rally. The Philadelphia Semiconductor Index plummeted more than 10% that same day,…
Oracle (ORCL) shares fell in after-hours trading after the company reported its fourth-quarter and full fiscal year 2026 results, despite posting record revenues across key metrics. The tech giant reported Q4 total revenues of $19.2 billion, representing a 21% increase in USD terms, while non-GAAP earnings per share grew 24% to $2.11 for the quarter….
SpaceX is moving forward with a landmark IPO, planning to raise roughly $75 billion at $135 per share, implying a valuation of approximately $1.75 trillion. Trading is expected to begin June 12, positioning the offering as one of the most consequential market events in recent memory. At that valuation, investors are not buying an undiscovered…