US Politics & Business News
Unitree Robotics, the world’s biggest humanoid robot maker, made a stunning stock market debut on the Shanghai Stock Exchange on Wednesday. Shares in the Chinese firm opened at 1,100 yuan, or approximately $163, well above the offer price of 150.8 yuan per share. By market close, shares had gained 460%, capping a dramatic first day…
Quantum computing stocks took a significant hit Tuesday as surging long-dated Treasury yields triggered a broad rotation away from speculative technology positions. IonQ (NYSE: IONQ) fell approximately 6% to around $44, D-Wave Quantum (NYSE: QBTS) dropped about 6.4% to near $20, and Rigetti Computing (NASDAQ: RGTI) slid roughly 5% to approximately $18 near the close….
A couple identifying as committed Christians are reconsidering their estate plans after their son and daughter-in-law cut off all contact following a political argument. The dispute, which escalated into a full estrangement, has left the parents questioning whether to redistribute a $3 million inheritance they had intended for their son’s family. The case was submitted…
Cerebras Systems (CBRS) launched one of the most anticipated technology IPOs in years, opening on Nasdaq at $350, nearly double its IPO price. The debut was celebrated as the largest US technology IPO since Uber, backed by $24.6 billion in contracted revenue and partnerships with OpenAI and AWS. Six weeks later, shares had collapsed to…
The U.S.-China technology race is intensifying into a sweeping contest over artificial intelligence, quantum computing, semiconductors, critical minerals, and strategic supply chains. Washington is preparing to urge countries participating in U.S.-led AI cooperation to choose between competing American and Chinese technology ecosystems, according to a Reuters report from August 14. The effort builds on Pax…
Meta Platforms (META) is heading to federal court to defend against allegations from 29 states that it deliberately designed Facebook and Instagram to addict children. The trial arrives less than two weeks after Meta lost a nearly $1 billion judgment in a similar case brought by the state of New Mexico, sending a clear signal…
Chuck Schumer, the senior senator from New York and current Senate Minority Leader, will next face voters in November 2028. His present Senate term concludes on January 3, 2029, meaning he still has more than two years remaining before New Yorkers cast ballots on whether to send him back to Washington for a sixth full…
Hakeem Jeffries, the House Minority Leader, represents New York’s 8th congressional district, a seat located entirely within the borough of Brooklyn. Understanding the shape and makeup of this district requires looking both at its current boundaries and at how significantly those boundaries have changed over the past decade. The district Jeffries represents today looks quite…
Robert Aderholt, the Republican congressman representing Alabama’s Fourth District, holds one of the more consequential committee portfolios in the House of Representatives. His assignments center on the House Committee on Appropriations, the panel responsible for determining how federal money is spent across nearly every agency of government. Aderholt has served in Congress since 1997, making…
Bank of America analyst Vivek Arya has named Nvidia (NVDA) his top sector pick ahead of the chipmaker’s upcoming fiscal second quarter results. Arya maintains a Buy rating and a $350 price target on Nvidia, implying more than 55% upside from the $223.96 level at the time of the note. The analyst argues that Nvidia…