Business News

The consumer price index rose 4.2% annually in May 2026, marking the highest inflation reading since April 2023, according to the Bureau of Labor Statistics. The monthly CPI gain came in at a seasonally adjusted 0.5%, matching Dow Jones consensus expectations but falling 0.1 percentage point below the April reading. Energy prices were the dominant…

Barclays strategists are sounding alarms over a proprietary gauge of market exuberance that has surged to its highest level in roughly two decades. The equity euphoria index, developed by Barclays strategists led by Venu Krishna, measures the percentage of stocks currently trading in what the bank calls “euphoric territory.” The indicator recently climbed to 10.7%,…

The 2026 Social Security and Medicare Trustees Report projects the Old-Age and Survivors Insurance Trust Fund will be depleted by the fourth quarter of 2032. Once that threshold is hit, ongoing payroll tax revenue would cover only 78% of scheduled benefits, triggering an automatic 22% across-the-board cut without congressional action. The report was released by…

Medicaid rules around home ownership are widely misunderstood, and families navigating elder care decisions often face costly surprises if they fail to plan ahead. One of the most common concerns is whether Medicaid can force the sale of a home that an elderly parent shares with an adult child as co-owners. The short answer is…

The European Central Bank is widely expected to raise interest rates Thursday as policymakers confront mounting inflation fueled by surging energy costs. Unlike the Federal Reserve, the ECB operates under a single mandate, keeping inflation close to its 2% target, and recent data shows pressure building on both headline and core readings. Headline euro zone…

SpaceX is targeting a historic initial public offering that analysts say could trigger massive capital movements across U.S. financial markets in a single trading session. The rocket and spacecraft manufacturer plans to sell 555.6 million shares, amounting to a $75 billion fundraise at the targeted offering price. Underwriters have an option to purchase an additional…

General Motors is making a significant wager on sodium-ion battery technology as it looks to reshape its energy business and capture Wall Street’s attention. GM created GM Energy back in 2022, but the division has failed to generate the kind of investor excitement that rival Ford recently enjoyed following a similar energy announcement. The key…

The Trump administration’s fiscal 2027 budget proposal calls for the complete elimination of a federal job training program for low-income older Americans. The Senior Community Service Employment Program, known as SCSEP, was created in 1965 under the Older Americans Act and has served vulnerable seniors for six decades. The program provides low-income adults aged 55…

Shares of AST SpaceMobile (ASTS) fell for a fourth consecutive session on Monday, marking the stock’s longest losing streak of 2026 as SpaceX’s blockbuster IPO approached. ASTS stock dropped nearly 2%, touching its lowest levels in nearly three weeks during a difficult stretch for the broader space sector. The losing streak followed a sharp selloff…

Super Micro Computer (SMCI) shares fell sharply after the AI server maker announced a massive $7 billion equity financing package to fund component purchases. The company said it plans to raise $5 billion through underwritten stock offerings alongside a $2 billion at-the-market offering starting in July. JPMorgan Chase, Goldman Sachs, and Citigroup are arranging the…