Micron Technology (MU) has transformed from a money-losing chipmaker three years ago into one of the most profitable companies in the United States. The Boise, Idaho-based memory chip maker posted $41.46 billion in revenue, crushing Wall Street’s consensus estimate of $35.84 billion by a substantial margin. Micron also recorded $28.24 billion in net income, a…

Western Asset Management Co. finds itself at the center of renewed investor interest, despite a damaging fraud settlement that reshaped one of America’s most prominent fixed-income franchises. Closed-end bond funds managed by Western Asset Management, commonly known as Wamco, are trading at notable discounts, drawing attention from opportunistic fixed-income investors looking for value in troubled…

Financial advisors who work with high-net-worth clients consistently point to one habit that separates disciplined wealth builders from everyone else: the midyear check-in. As the calendar crosses the halfway point, it is a natural moment to assess whether your financial plan is still aligned with your goals and current circumstances. The wealthy rarely leave their…

Medicare is opening access to popular GLP-1 weight-loss drugs for millions of older Americans starting July 1, 2026, marking a significant shift in federal health coverage. The initiative, announced by the Centers for Medicare and Medicaid Services, is a short-term pilot program known as the Medicare GLP-1 Bridge, running through December 31, 2027. Current federal…

Millions of Americans are choosing to work during retirement, driven by longer lifespans, vanishing pensions, and shrinking savings accounts. Social Security’s retirement trust fund is now expected to become insolvent in 2032, one year sooner than program trustees forecast in 2025, adding urgency to retirement planning decisions. A rule called the Retirement Earnings Test, or…

Last year, a reader wrote in responding to a prior column about whether Americans should claim Social Security early, citing widespread concerns about the program’s long-term solvency. The reader referenced multiple reports suggesting Social Security could run out of money by 2032, a timeline that has prompted many Americans to consider claiming benefits as soon…

Federal Reserve Chairman Kevin Warsh is sending a clear message to financial markets: the fight against inflation is not over, and rate cuts are not coming soon. Warsh’s hawkish tone reverberated across trading floors, with bond investors rapidly repricing expectations for central bank policy in the months ahead. A widely held narrative that Warsh was…

The AI sector endured its most significant correction of 2026 in June, with the Nasdaq Composite plunging more than 4% in a single session. Semiconductor stocks shed more than $1.3 trillion in combined market value during the brutal stretch, rattling investors who had grown accustomed to relentless AI-driven gains. The downturn was primarily triggered by…

Uber (UBER) is quietly committing $500 million to secure robotaxi supply, making it the biggest spender in autonomous vehicles despite manufacturing nothing itself. Tesla (TSLA) had pledged to launch unsupervised robotaxi service in Phoenix, Las Vegas, Miami, Orlando, and Tampa during the first half of 2026, but none of those markets have entered service. Tesla’s…

Iraq threatened to leave OPEC if it is not permitted to produce oil more freely, following the UAE’s formal departure from the group on May 1. The threat marks a potential tipping point for an organization that has spent much of 2026 struggling to manage a global oil market upended by conflict. Iraq is the…