US Politics & Business News
Read the latest business news today at Congress.net
A 55-year-old married individual is weighing a $1.5 million long-term care insurance policy and wants real-world guidance on navigating the process. The person has already decided to purchase coverage and is not interested in generic advice about self-funding or whether long-term care insurance is worth buying at all. The core question centers on choosing between…
S&P Global announced Thursday it will not change its requirements for entry into its major indices, effectively blocking SpaceX from swift S&P 500 inclusion. The decision deals a significant setback to Elon Musk’s SpaceX, which is targeting a $1.75 trillion valuation and raising $75 billion in what would be the world’s biggest-ever IPO. S&P stated…
The number of Americans classified as long-term unemployed has climbed above 1.8 million on average this year, raising serious concerns about labor market health. The government defines long-term unemployment as being jobless for at least 27 weeks, a threshold that more than one in four unemployed workers has now crossed. That figure is up roughly…
The Bureau of Labor Statistics will release its May nonfarm payrolls report Friday, and expectations on Wall Street are decidedly cautious heading into the data. Economists surveyed by Dow Jones expect just 80,000 jobs were added during May, a notable step down from the average of 150,000 over the prior two months. April’s payroll gain…
Initial unemployment benefit applications climbed to a four-month high at the end of May, raising eyebrows among economists and market watchers tracking labor market conditions. Despite the headline-grabbing number, the spike does not reflect a meaningful increase in layoffs by businesses across the country. Analysts point to the Memorial Day holiday as a significant distorting…
Investors crowding into technology stocks may be making a critical mistake, according to strategist Larry McDonald, who sees a major market rotation ahead. McDonald warns that market participants are incorrectly treating tech as the “safe trade,” a mindset he believes is setting up significant risk for those portfolios. The warning carries extra weight given that…
Emerging-market fund managers who rode the semiconductor wave to significant gains are now facing the challenge of finding their next big bets. The three top-performing emerging-market stocks this year have been Taiwan Semiconductor Manufacturing Company (TSM), Samsung, and SK Hynix, delivering substantial returns to investors. Fund managers who built large positions in these names early…
Private credit is once again facing scrutiny after a pair of funds moved to limit investor redemptions during the second quarter of 2026. The restrictions have renewed concerns about liquidity risks that have long shadowed the rapidly growing private credit space. The $2 trillion private credit market has expanded dramatically over the past several years…
Quantinuum has raised $1.68 billion through an initial public offering, marking a significant milestone for the quantum computing industry. The company chose the traditional IPO route, setting itself apart from many competitors in the quantum space who opted for SPAC mergers instead. Special Purpose Acquisition Companies, or SPACs, became a popular vehicle for tech companies…
The Securities and Exchange Commission is removing the pattern day-trading rule, with the change set to take effect on June 4, 2026. The rule has long required traders who execute four or more day trades within five business days to maintain a minimum of $25,000 in their brokerage accounts. Its elimination means that everyday retail…