US Politics & Business News
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At his first Federal Open Market Committee meeting, Fed Chairman Kevin Warsh kept interest rates steady while delivering several surprises that rattled financial markets. The committee voted unanimously to hold the benchmark federal funds rate in a target range of 3.5% to 3.75%, with no apparent dissents recorded during the session. Despite the hold, the…
The so-called great wealth transfer represents one of the largest generational movements of money in American history, with trillions of dollars expected to pass from Baby Boomers to their heirs. But financial experts warn that a significant share of that wealth may never actually reach the next generation, eroded by forces many families have failed…
Britain’s annual inflation rate held steady at 2.8% in May, coming in below expectations and surprising economists who had forecast a climb higher. Economists polled by Reuters had anticipated the annual inflation rate would rise to 3% in May, making the flat reading a modest but notable relief. The steady print follows a dip to…
Nvidia is joining a sweeping wave of technology companies tapping bond markets to finance spending tied to the artificial intelligence buildout. The chipmaker is selling at least $20 billion in bonds, marking its first debt offering in five years and its largest on record. The deal was ultimately boosted from its initial $20 billion target,…
Recent estimates of Elon Musk’s net worth diverge sharply depending on the source, and the scale of that divergence says as much about the limits of wealth tracking as it does about Musk himself. Bloomberg places the figure near 1.1 trillion dollars as of mid-June 2026, while the Forbes Real-Time tracker estimates approximately 811 billion…
Semiconductor stocks roared back to life on June 11, 2026, after President Donald Trump announced a significant diplomatic breakthrough with Iran, sending chip shares sharply higher. Advanced Micro Devices (AMD), Micron Technology (MU), Arm Holdings (ARM), and Marvell Technology (MRVL) each climbed 6% or more as investors rushed back into growth-oriented technology names. Intel (INTC)…
Fox Corporation and Roku have entered into a definitive agreement under which Fox will acquire Roku for $160.00 per share in a combination of cash and Fox Class A common stock. The deal values Roku at approximately $22 billion in enterprise value, marking one of the largest media and technology transactions in recent memory. Under…
Investors and economists are heading into the first Federal Reserve meeting chaired by Kevin Warsh with an unusual degree of uncertainty about his monetary policy intentions. Warsh has remained largely silent on key economic questions since assuming office, including where he stands on the recent surge in job growth and the persistent acceleration in inflation….
President Donald Trump announced Sunday that the United States has reached a peace agreement with Iran, calling the deal “complete” on his Truth Social platform. Pakistani Prime Minister Shehbaz Sharif joined Trump in announcing the agreement, with Iranian state media also broadcasting news of the breakthrough to domestic audiences. Trump wrote on Truth Social: “The…
Bond giant Pimco is sounding the alarm on credit markets, warning that a sustained default cycle has officially taken hold after years of unusually low losses. The firm, which manages $2.27 trillion in assets, declared in its 2026 outlook that “the credit loss cycle is upon us,” signaling a significant shift in the credit landscape….