US Politics & Business News
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When to claim Social Security is one of the most consequential financial decisions a retiring couple can face, and the stakes grow higher with significant assets involved. For couples approaching their early 60s with substantial savings, the choice between claiming Social Security early or delaying can mean tens of thousands of dollars in lifetime benefits….
OpenAI is reportedly considering significant reductions to its pricing structure as competition from rival AI companies intensifies across the industry. According to a report from The Wall Street Journal, OpenAI is weighing major cuts to its token pricing, the unit AI firms use to bill customers for their products and services. The potential price reductions…
Markets are currently pricing in a near-certain probability that the European Central Bank will raise its benchmark deposit rate by at least 25 basis points. The deposit rate currently sits at 2%, with market pricing reflecting roughly a 98% chance of an increase at the ECB’s upcoming meeting. Holger Schmieding, chief economist at Berenberg, has…
Legal sports betting is worsening food hardship for hundreds of thousands of American households, according to new research published by the National Bureau of Economic Research. The study compared nine states that legalized online and retail sports betting with states where both forms of betting remained illegal throughout the analysis period. Researchers analyzed changes in…
Prediction market platform Kalshi has unveiled a broad set of market integrity measures designed to deter insider trading and manipulation across its rapidly growing platform. The new rules, which took effect immediately, follow recommendations from an independent Surveillance Audit Committee and represent the most aggressive enforcement posture the company has adopted since launching in 2021….
Research spanning decades has established a striking and consistent link between World Cup soccer losses and declining national stock markets the following day. A landmark 2007 study published in the Journal of Finance examined 1,100 football matches and stock returns across 39 countries, producing some of the field’s most cited findings. The paper, authored by…
A common and frustrating dilemma facing homeowners involves paying for a professional repair, only to discover the fix introduced an entirely new issue. When a plumber is hired to solve a specific problem, the expectation is that the work will be completed correctly and without creating additional damage or complications. The question of who bears…
The technology sector endured its steepest selloff of 2026 in early June, with the Nasdaq Composite plunging 4% on June 5 alone. That single-session decline marked the Nasdaq’s worst performance since April 2025, rattling investors who had grown accustomed to a prolonged AI-fueled rally. The Philadelphia Semiconductor Index plummeted more than 10% that same day,…
Nike (NKE) is facing fresh pressure from Wall Street after RBC Capital Markets cut its price target on the athletic apparel giant just one day before the World Cup begins. RBC lowered its 12-month price target on Nike from $70 to $50, citing slower-than-expected revenue growth as the primary reason behind the downgrade. Shares in…
Oracle (ORCL) shares fell in after-hours trading after the company reported its fourth-quarter and full fiscal year 2026 results, despite posting record revenues across key metrics. The tech giant reported Q4 total revenues of $19.2 billion, representing a 21% increase in USD terms, while non-GAAP earnings per share grew 24% to $2.11 for the quarter….