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…

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…