US Politics & Business News
The buzz around SpaceX and upcoming mega-IPOs from OpenAI and Anthropic has generated breathless commentary, but most of it misses the point entirely. SpaceX stock is simply not a good buy, and when OpenAI and Anthropic eventually come to market, those shares likely won’t be either. That distinction matters enormously, because confusing a bad IPO…
The Federal Reserve’s primary inflation measure surged to its highest reading in nearly three years, adding pressure on policymakers already signaling a tougher stance on rates. The core personal consumption expenditures price index rose at a 3.4% annual rate in May, after climbing 0.3% for the month, both figures landing in line with the Dow…
The United States is mobilizing disaster relief resources for Venezuela after two powerful earthquakes devastated the country’s northern coast and capital city. President Donald Trump pledged Wednesday to deploy U.S. resources after back-to-back tremors of magnitude 7.2 and 7.5 struck near Venezuela’s northern coast, flattening buildings in Caracas. Trump announced the commitment on Truth Social,…
Soccer fans from around the world are pouring significant sums of money into travel for the 2026 FIFA World Cup, hosted across the United States, Canada, and Mexico. The tournament, which marks the first time three nations have co-hosted the World Cup, is drawing enormous international interest and unprecedented levels of fan spending. Many supporters…
South Korea’s benchmark KOSPI index plunged 9.99% on Tuesday, closing at 8,203.84 as investors rushed to exit positions following an extraordinary record-breaking rally. The sell-off was sharp enough to trigger a circuit breaker, prompting the Korea Exchange to suspend trading for 20 minutes after the index breached a decline of 8%. Trading resumed but conditions…
In June, job cuts at U.S. manufacturing facilities neared their highest levels since the global financial crisis ended in 2009, S&P Global reported Tuesday. The surge in layoffs also rivaled reductions seen during the Covid-19 pandemic, raising fresh concerns about the durability of any industrial recovery. S&P Global’s manufacturing “flash” purchasing managers index came in…
Phil Godlewski says Victor Wembanyama got him thrown out of the Ritz-Carlton the same night New York needed the Spurs star most. The hotel never said who had the other suite. He goes by Phil Godlewski online.Content out of Pennsylvania, live streams, big following. He didn’t deny it when The Post found him. A $750,000…
Key Takeaways A crypto payment gateway can help a merchant accept digital assets, manage settlement, support stablecoin payments, and connect crypto payment processing with daily finance work. For many companies, crypto payments for business now cover checkout, invoices, payment links, API integration, reporting, compliance checks, and payout capabilities. Comparison is important because crypto payment providers…
The U.S. has issued its most sweeping rollback of Iran oil sanctions since the 1979 Islamic Revolution, allowing dollar-denominated crude trade for the first time in over four decades. The U.S. Treasury issued a wide-ranging 60-day exemption on Monday permitting Iran to produce and sell crude oil, petrochemical, and petroleum products in U.S. dollars through…
The 21st Century ROAD to Housing Act cleared the House in a sweeping 396-13 vote, advancing what could become the biggest housing legislation in more than 30 years. The bill passed with strong bipartisan support after clearing the Senate in March, and the Senate is expected to hold a final passage vote before the House…