US Politics & Business News
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The June nonfarm payrolls report, due Thursday, may come in stronger than Wall Street expects, with the FIFA World Cup providing a significant lift to hiring numbers. Goldman Sachs economists say private data from Homebase, a small business payroll firm, points to a World Cup-related boost of roughly 40,000 jobs last month. The Dow Jones…
Business founders aged 50 and above are nearly twice as likely to succeed as those who launch companies in their 30s, challenging long-held assumptions about entrepreneurship. More older workers are turning to self-employment as a direct response to age discrimination, using decades of experience and industry knowledge to build competitive businesses. The trend has been…
Wall Street is watching Federal Reserve Chair Kevin Warsh closely, as his policy decisions increasingly shape the outlook for equity markets heading deeper into 2026. Warsh’s first post-meeting press conference rattled risk assets, sending a clear signal that his tenure at the Fed will not be a quiet one for investors. Strategist Warren Pies captured…
Private sector hiring came in below forecasts last month, with companies adding just 98,000 jobs in June, according to ADP’s latest payrolls report. The figure represents a decline from the 122,000 jobs added in May and fell short of the Dow Jones consensus estimate of 110,000 positions for the month. Nearly half of all new…
LeBron James has told the Los Angeles Lakers the franchise can move on without him, as he intends to play elsewhere for the 2026-27 NBA season. The bombshell news came via Klutch Sports CEO Rich Paul, who informed ESPN’s Shams Charania of James’s decision to leave Los Angeles. The Golden State Warriors have emerged as…
Major changes to the federal student loan system are now in effect, reshaping repayment options, borrowing limits, and monthly payment amounts for millions of Americans. Roughly 43 million Americans currently carry student loan debt, totaling nearly $1.7 trillion, according to the Office of Federal Student Aid. One of the most immediate changes is the elimination…
Britain’s likely next prime minister, Andy Burnham, is set to confront one of the most consequential energy policy decisions in recent UK history. Burnham is expected to take office in July if he remains unchallenged by Labour Party colleagues, inheriting a fierce debate over North Sea oil drilling versus renewables. The debate has intensified following…
Nike posted stronger-than-expected earnings and revenue for its fiscal fourth quarter, though a massive tariff refund inflated the headline numbers. The company reported adjusted earnings per share of 20 cents, well above the 13 cents analysts had anticipated, according to consensus estimates from LSEG. Revenue came in at $10.97 billion, edging past Wall Street’s forecast…
When an aging parent enters a new romantic relationship, adult children often face a difficult mix of emotional and financial concerns that can strain family dynamics. Later-in-life romances are increasingly common, and they can bring genuine happiness to older adults who have lost a spouse or gone through a divorce. However, these relationships also introduce…
Crypto investors had long hoped that institutional adoption and a friendlier regulatory environment would shield Bitcoin from its historically brutal boom-and-bust cycles. The launch of spot Bitcoin ETFs in the United States was seen as a turning point, bringing in professional capital that would theoretically provide more stable, long-term market support. That theory is now…