US Politics & Business News
Global financial markets are facing risks that could dwarf previous crashes, with AI investment alone running roughly 17 times higher than the 2000 dot-com boom. The dot-com collapse and the 2008 subprime housing crisis caused estimated losses of $5 to $6 trillion and $15 to $20 trillion respectively, setting a grim benchmark for what another…
The Federal Reserve has announced the leaders of five outside task forces formed by Chairman Kevin Warsh to drive sweeping reforms at the central bank. The panels bring together an unusually diverse group of figures from finance, academia, and the corporate world, reflecting Warsh’s deliberate push to open the institution to outside voices. Among the…
Rackspace Technology (RXT), an AI infrastructure solutions provider, saw its shares tumble approximately 4% in premarket trading Thursday following a significant downward revision to its full-year 2026 financial outlook. The company cited supply constraints and resource prioritization as factors likely to weigh on near-term growth, rattling investor confidence ahead of the market open. Rackspace now…
Taco Bell has temporarily removed several fresh produce items from menus at select locations as health officials investigate a nationwide cyclospora outbreak. The chain has posted notices at affected stores informing customers that lettuce, pico de gallo, guacamole, cilantro, and onions are currently unavailable. Nearly 1,500 people across the country have been sickened in connection…
After 25 years of self-funding, Jeff Bezos is finally opening Blue Origin to outside investors in a landmark capital raise. According to a TBPN discussion featuring John Coogan, Blue Origin is raising $10 billion at a reported $130 billion valuation, marking the company’s first external fundraising round. The scoop on the deal, Coogan noted, originated…
Rackspace Technology (RXT) shares plunged roughly 25% Thursday after the company slashed its full-year 2026 revenue outlook and unveiled a $250 million stock offering that rattled investors. The dramatic sell-off came despite Rackspace announcing an expanded AI partnership with Palantir (PLTR), a deal that failed to offset concern over the company’s weakened financial outlook. Rackspace…
The US stock market is expensive by almost any measure, with the S&P 500 (^GSPC) hovering near all-time highs and valuations stretched across multiple indicators. Analyst Joachim Klement of Panmure Gordon argues the situation may be worse than it looks, with the cyclically adjusted price-to-earnings ratio potentially at never-before-seen levels. The CAPE ratio, which compares…
Quantum Computing Inc. (QUBT), known as QCi, is a pure-play quantum computing company with a market capitalization of approximately $2.11 billion. The company is positioned to benefit from accelerating commercial adoption of quantum technologies across a broad range of industries and government applications. The Trump administration issued executive orders on June 22 that mark a…
Salesforce (CRM) may appear attractively priced to bargain-hunting investors right now, but at least one analyst is urging caution before anyone rushes in. The warning comes as Salesforce shares have faced sustained pressure, drawing attention from value-oriented investors scanning for discounted entry points in the enterprise software sector. On the surface, key valuation metrics for…
The United States Postal Service has raised the price of a Forever stamp to 82 cents, up from the previous rate of 78 cents. The latest increase is part of a broader round of postage hikes affecting multiple mail products across the USPS network. Domestic postcards now cost 65 cents, up from 61 cents, while…