US Politics & Business News
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Investors betting that U.S. inflation will ease once the Iran conflict ends and energy prices fall may be badly miscalculating their exposure to risk. A powerful El Niño weather pattern is expected to pick up where geopolitical disruptions leave off, threatening to drive global commodity prices significantly higher in the months ahead. Analysts at Marex,…
The federal government is in preliminary talks with major artificial intelligence companies about taking ownership stakes in the rapidly expanding sector. President Donald Trump confirmed Friday that his administration is actively considering acquiring government equity positions in leading AI developers. Speaking to reporters aboard Air Force One, Trump said discussions had already taken place with…
Bank of America (BAC) is urging investors to exercise greater caution toward U.S. equities as a growing number of internal bear market indicators flash warning signals simultaneously. In a research note, strategists led by Savita Subramanian said there are “too many red flags” and advised clients to “take profits” at current levels. The firm estimates…
Analysts are warning that the next generation of video game consoles could cost consumers as much as $1,000, and hardware upgrades are not the reason. The PlayStation 6 and Xbox Project Helix are among the upcoming platforms expected to face dramatic price increases driven entirely by external economic pressures. A surge in global demand for…
Tax season brings widespread confusion about what a filing extension actually means for American taxpayers who owe money to the federal government. Many people mistakenly believe that requesting more time to file their return also gives them more time to pay any taxes they owe, but that assumption is costly. The IRS is clear on…
Intel (INTC) stock skyrocketed more than 11% in premarket trading after reports emerged that Google and Nvidia are evaluating or selecting Intel as a backup AI chip foundry. The Information reported that Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028, according to four people with…
U.S. households are growing increasingly anxious about their financial situations, with a key measure of consumer distress hitting its highest level in nearly four years. The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations, released Monday, showed a sharp deterioration in how Americans view their current financial standing. The share of respondents…
SpaceX is preparing to make history with the largest initial public offering ever recorded, targeting a $75 billion fundraise on the Nasdaq under ticker SPCX. The company has set a fixed price of $135 per share and is scheduled to begin trading on June 12, more than doubling Saudi Aramco’s 2019 record of $29 billion….
Collecting Social Security survivor benefits while wondering whether to claim your own retirement benefits is a common and important financial dilemma for widows and widowers. Many Americans in this situation do not realize they have the flexibility to switch between benefit types at a strategically advantageous time. The Social Security Administration does not allow recipients…
The technology sector has experienced a significant pullback in recent months, rattling investors who had grown accustomed to relentless gains across major indices. Despite the turbulence, Morgan Stanley’s top stock-market strategist is urging calm, characterizing the selloff as a natural and necessary correction within a broader bull market. The strategist’s assessment frames the retreat not…