US Politics & Business News
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Bitcoin reclaimed $60,000 and precious metals surged after Federal Reserve Chair Kevin Warsh signaled that inflation risks had eased. Warsh struck an open-minded tone on artificial intelligence during his remarks, reviving appetite for risk assets and precious metals among traders. The Fed chair made his comments at the ECB Forum on Central Banking in Sintra,…
Tamera Mowry-Housley has placed her longtime Bay Area residence on the market for $2.69 million as she and her husband pursue their Napa Valley ambitions. The actress, best known for starring alongside her twin sister Tia Mowry in the hit Nickelodeon series “Sister, Sister,” is 47 years old and ready for a new chapter. Her…
Many Americans approaching their mid-50s begin taking a harder look at whether their retirement savings strategy is actually on track to meet their goals. Contributing just 5% of your salary to a 401(k) is a starting point, but financial planners widely caution that it is rarely sufficient for those with a shorter runway to retirement….
Shares of Micron Technology and Sandisk fell sharply Wednesday as investors rotated out of the broader semiconductor sector amid growing concerns over valuations. Micron dropped 8%, Sandisk slumped 10%, and Western Digital fell 7% as memory stocks pulled back alongside the Nasdaq composite index. The selloff was fueled in part by concerns over additional manufacturing…
The U.S. Department of the Treasury issued a formal announcement on July 1, 2026, outlining the investment lineup for the newly established Trump Accounts. At launch, all contributions to Trump Accounts will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF, ticker SPYM, a low-cost exchange-traded fund. The SPYM fund tracks the…
Europe is pushing to narrow its record trade deficit with China by October, but a historic heat wave is driving unprecedented demand for Chinese-made air conditioners. The European Union and China released a rare joint statement on Monday, aimed at rebalancing trade between the two economies and improving market access for both sides. European trade…
Meta Platforms is reportedly developing a cloud infrastructure business to sell AI computing power, sending rival neocloud stocks sharply lower on Wednesday. CoreWeave (CRWV) shares plunged nearly 14%, closing at $85.69, after Bloomberg reported Meta is building a business to sell excess AI computing capacity to outside customers. Trading volume in CoreWeave surged to roughly…
General Mills (GIS) is pushing aggressively into high-protein foods and premium pet products as it faces one of the toughest consumer spending environments in recent memory. The company has described the current backdrop as “characterized by historically low consumer sentiment, heightened uncertainty and significant volatility,” driven by cumulative inflation and reduced government food assistance. Middle-…
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…