US Politics & Business News
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SpaceX is targeting what would be one of the largest initial public offerings in history, with the company eyeing a haul of up to $86 billion. The sheer scale of the offering would position SpaceX to crush global records for IPO fundraising, underscoring the enormous appetite investors have for the aerospace company. Elon Musk is…
Rising grocery and gasoline prices driven by permanent supply shocks are placing new pressure on American consumers and the lawmakers responsible for protecting their wallets. Economists and policy analysts have drawn a distinction between two specific types of inflation that fall outside the Federal Reserve’s traditional toolkit and direct influence. The Federal Reserve relies primarily…
Rising consumer prices are forcing lower- and middle-income Americans to cut back on spending, according to the Federal Reserve’s beige book. The beige book, a key economic report compiled by the Fed, highlights growing financial strain among households that are not in the top income brackets. The report draws attention to a widening divide in…
Private hiring grew faster than expected in May, signaling continued stability in the U.S. labor market, according to a report released Wednesday by ADP. The payrolls processing firm said companies added 122,000 workers for the month, up from 105,000 in April and better than the Dow Jones consensus estimate for 110,000. May marked the strongest…
Shares of TransUnion (NYSE: TRU) have received an average recommendation of “Moderate Buy” from the fourteen research firms currently covering the company, according to Marketbeat.com. A total of six equities research analysts have assigned the stock a hold rating, reflecting a cautious but not negative outlook on the company’s near-term performance. Seven analysts have issued…
The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies linked to forced labor trade practices. The sweeping action targets trading partners that have failed to ban goods made with forced labor, including China, the European Union, and Japan. The determination was made under Section…
U.S. Central Command announced Tuesday that it had defeated multiple Iranian ballistic missiles and drones and launched defensive strikes against what it described as “attempted attacks” by Iran. The latest exchange of fire has further threatened a fragile ceasefire between the two nations, deepening a conflict now three months old with no resolution in sight….
Strategy (NASDAQ: MSTR) investors are “deeply concerned” by the market’s reaction to the company selling Bitcoin this week, sources told Congress.net on Tuesday. Sources told Congress.net that large institutional investors holding various MSTR products, including ordinary shares and preferred shares, are concerned that “Strategy could be forced to sell more Bitcoin” and “inadvertently cause Bitcoin’s…
Job openings climbed to their highest level in nearly two years during April, while hiring fell sharply in the same period. The Bureau of Labor Statistics reported that available employment reached 7.6 million for April, a surge of 731,000 from the prior month and the highest level since May 2024. Economists surveyed by Dow Jones…
Citigroup has raised its price objective on Seagate Technology (NASDAQ: STX) from $740.00 to $1,150.00, a substantial increase reflecting renewed analyst confidence in the stock. The Wall Street bank accompanied the upgraded price target with a “buy” rating on the data storage company, signaling a bullish outlook. The new target of $1,150.00 represents a significant…