US Politics & Business News
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At 70 and single, with a personal expectation of not reaching 80, choosing between a reverse mortgage and a home equity agreement carries significant financial weight. Both financial products offer access to home equity without requiring the homeowner to sell their property, but they work in fundamentally different ways. A reverse mortgage is a federally…
Washington’s AI debate has entered a new phase. After years of hearings, voluntary frameworks and warnings about safety, copyright, labor and national security, Congress is now attempting to write the first serious federal rulebook for artificial intelligence. But energy regulators, utilities, data-center operators, governors and local communities are asking an increasingly urgent question: is Congress…
Wall Street has developed a striking pattern tied to U.S. military actions against Iran, with Monday morning trading sessions becoming increasingly predictable for equity traders. Each time the Trump administration launches or cancels strikes against Iran over a weekend, markets respond with sharp and consistent moves by the following Monday open. The latest example came…
Reaching retirement age and collecting Social Security benefits does not exempt workers from continuing to pay payroll taxes on earned income. Any person working in covered employment, regardless of age or benefit status, remains legally obligated to pay Social Security and Medicare payroll taxes. This is a reality facing many older Americans who claimed Social…
Charter Communications (CHTR) shares rocketed higher after reports emerged that the cable giant is in talks with SpaceX over a potential mobile telecommunications partnership. Bloomberg reported that Charter, the largest home internet provider in the United States, could route a portion of SpaceX’s mobile traffic through its terrestrial broadband network. Neither Charter nor SpaceX has…
The U.S. Federal Reserve has become increasingly difficult for Wall Street to forecast, with sharply divergent views emerging over where monetary policy is headed. Traders in rate futures are pricing in at least one Fed hike by early autumn and another next year, a notably aggressive outlook by recent standards. Some asset managers, however, expect…
The Supreme Court ruled Monday that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook while her lawsuit challenging the dismissal moves through the courts. The 5-4 decision rejected Trump’s bid to stay a lower federal court ruling that had blocked Cook’s termination during the ongoing legal proceedings. Chief Justice John Roberts authored the…
Comcast (CMCSA) announced Monday it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky after 15 years of joint ownership. The move will separate Comcast’s media and entertainment assets from its broadband and wireless business, marking one of the biggest corporate restructurings in recent media history. Comcast’s stock surged more…
The Bank for International Settlements has issued a stark warning that the AI investment frenzy could collapse into a “prolonged investment collapse” with severe consequences for global financial stability. Known as the “central bank of central banks,” the BIS delivered its warning through its annual economic report, released on June 28, 2026, targeting the current…
Beijing escalated its months-long pressure campaign against Tokyo on Monday, blacklisting four Japanese government defense research institutes and tightening export controls on dozens of additional entities. China’s Ministry of Commerce added 20 entities to its export control list, including the National Institute for Defense Studies and research centers covering ground, naval, and air systems. Several…