US Politics & Business News
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General Motors is making a significant wager on sodium-ion battery technology as it looks to reshape its energy business and capture Wall Street’s attention. GM created GM Energy back in 2022, but the division has failed to generate the kind of investor excitement that rival Ford recently enjoyed following a similar energy announcement. The key…
The Trump administration’s fiscal 2027 budget proposal calls for the complete elimination of a federal job training program for low-income older Americans. The Senior Community Service Employment Program, known as SCSEP, was created in 1965 under the Older Americans Act and has served vulnerable seniors for six decades. The program provides low-income adults aged 55…
Shares of AST SpaceMobile (ASTS) fell for a fourth consecutive session on Monday, marking the stock’s longest losing streak of 2026 as SpaceX’s blockbuster IPO approached. ASTS stock dropped nearly 2%, touching its lowest levels in nearly three weeks during a difficult stretch for the broader space sector. The losing streak followed a sharp selloff…
Super Micro Computer (SMCI) shares fell sharply after the AI server maker announced a massive $7 billion equity financing package to fund component purchases. The company said it plans to raise $5 billion through underwritten stock offerings alongside a $2 billion at-the-market offering starting in July. JPMorgan Chase, Goldman Sachs, and Citigroup are arranging the…
Memory chip makers are experiencing a powerful wave of surging demand that is reshaping pricing power and profit projections across the historically volatile sector. Analysts are no longer treating this as a short-term supply squeeze, instead describing the current environment as a full-blown “supercycle” with legs that could extend well beyond 2027. Micron Technology (MU)…
Global stock markets faced significant selling pressure as investors weighed a confluence of unsettling factors heading into a pivotal week for markets. AI bubble fears returned to the forefront of investor conversations, rattling confidence in a sector that has driven much of the market’s gains in recent years. Semiconductor stocks experienced what analysts described as…
Wall Street is bracing for a sharp inflation reading Wednesday morning as the Bureau of Labor Statistics releases its May consumer price index report at 8:30 a.m. ET. The Dow Jones consensus projects the CPI will show inflation running at a 4.2% annual rate, driven by an expected 0.5% monthly gain in May. That reading…
More than three months after the Strait of Hormuz was effectively blocked, oil markets have defied the worst predictions, staying below $100 a barrel despite catastrophic supply disruptions. Industry forecasts once warned prices could spike as high as $200, but a combination of temporary workarounds has so far absorbed much of the shock from the…
The Social Security retirement trust fund is now projected to be depleted in the fourth quarter of 2032, according to the latest trustees’ report released Tuesday. That date is several months earlier than last year’s estimate, reflecting a notable acceleration in the program’s financial deterioration. Once the trust fund is exhausted, Social Security would only…
Apple’s next-generation Siri assistant will require at least 12 gigabytes of unified memory to run, setting the stage for a sweeping device upgrade cycle. The memory requirement effectively locks out millions of existing iPhone and Mac users from accessing Apple’s most advanced AI features without purchasing new hardware. Analysts and market observers believe this hardware…