US Politics & Business News
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The UK economy shrank by 0.1% in April, official figures revealed Friday, as the ongoing conflict involving Iran continued to weigh on business activity. A 0.2% contraction in services output was identified as the primary driver of the decline, with officials noting it was partly offset by a 0.1% rise in construction output. Production output…
The 2026 FIFA World Cup is drawing unprecedented attention from artificial intelligence researchers and forecasting models eager to predict the tournament’s outcome. Several frontier AI models were each given the same 2026 World Cup draw and independently tasked with forecasting which nation would lift the trophy. Four of the seven models picked Spain as the…
Foreign investors are pouring into the SpaceX IPO at a historic pace, with total demand surpassing $250 billion across global markets. The offering is running three-and-a-half to four times oversubscribed, signaling extraordinary appetite for one of the most anticipated listings in years. International participation is especially notable, with European buyers from Germany and France among…
Nasdaq’s quarterly rebalance is bringing five new names into its premier index, headlined by space technology firm Rocket Lab USA (RKLB) alongside four AI-linked companies. Index provider Nasdaq Global Indexes announced late Thursday that Rocket Lab, connectivity chip maker Astera Labs, cloud-computing companies CoreWeave and Nebius, and chip-equipment maker Teradyne will join the Nasdaq 100…
China’s rush of capital into its tech startup ecosystem has hit a significant speed bump, revealing structural weaknesses in how Beijing finances its ambitions to rival U.S. technological dominance. Within hours of each other last Friday, a Chinese city government ordered companies to disclose their financial ties to robot vacuum maker Dreame Technology, and China’s…
Martin O’Malley, who served as the 17th Commissioner of the Social Security Administration from 2023 to 2024, is making the rounds to address the program’s long-term financial challenges. Appointed by President Biden, O’Malley has been meeting with city and state leaders across the country to discuss what the agency can do to better serve its…
A 60-year-old retiree sitting on $3 million in savings is questioning whether his financial life aligns with his fiancée’s very different situation. The man’s fiancée, aged 55, has accumulated $1 million and intends to continue working for approximately the next decade before retiring herself. The question of financial compatibility between couples at different stages of…
Adobe Inc. (ADBE) shares fell 5.6% in extended trading after the company announced the departure of Chief Financial Officer Dan Durn, its second straight quarter of top-level executive change. Durn, who serves as Executive Vice President and CFO, will leave the company on June 15, 2026, to pursue a new professional opportunity at Marvell Technologies….
After a powerful start to 2026, optical-networking stocks have stalled out in June, and J.P. Morgan analysts see that weakness as a buying opportunity. Both Coherent (COHR) and Lumentum (LITE) have fallen more than 15% from their early-June peaks, following triple-digit gains earlier in the year. J.P. Morgan reiterated Overweight ratings on both stocks, maintaining…
Reaching $1 million per Bitcoin sounds far-fetched to many investors, but Bitwise Asset Management CIO Matt Hougan says the skepticism is rooted in flawed analysis. Hougan argues that most analysts rely on what he calls “static math” when projecting Bitcoin’s long-term price potential, ignoring how markets actually evolve. The standard valuation approach estimates the size…