Business News

The debate over when to claim Social Security benefits remains one of the most consequential financial decisions facing American retirees today. A certified public accountant is sparking conversation by advising clients to take their Social Security benefits as early as possible, at age 62. The earliest eligible age to claim Social Security is 62, though…

The United States is mobilizing disaster relief resources for Venezuela after two powerful earthquakes devastated the country’s northern coast and capital city. President Donald Trump pledged Wednesday to deploy U.S. resources after back-to-back tremors of magnitude 7.2 and 7.5 struck near Venezuela’s northern coast, flattening buildings in Caracas. Trump announced the commitment on Truth Social,…

SpaceX has secured a $4.16 billion U.S. Space Force contract to develop a satellite network capable of continuously detecting and tracking airborne threats. The program, known as the Space-Based Airborne Moving Target Indicator, or SB-AMTI, is designed as an interconnected system combining space-based sensors, secure communications links, and ground processing. The U.S. Space Force awarded…

Soccer fans from around the world are pouring significant sums of money into travel for the 2026 FIFA World Cup, hosted across the United States, Canada, and Mexico. The tournament, which marks the first time three nations have co-hosted the World Cup, is drawing enormous international interest and unprecedented levels of fan spending. Many supporters…

The Strait of Hormuz is drawing oil tankers back into its waters, driven by extraordinary daily payouts that operators are finding increasingly difficult to refuse. Tanker rates in the Persian Gulf have nearly doubled in just one week, surging from approximately $106,000 per day to more than $190,000 per day for standard vessels. For very…

South Korea’s benchmark KOSPI index plunged 9.99% on Tuesday, closing at 8,203.84 as investors rushed to exit positions following an extraordinary record-breaking rally. The sell-off was sharp enough to trigger a circuit breaker, prompting the Korea Exchange to suspend trading for 20 minutes after the index breached a decline of 8%. Trading resumed but conditions…

The Washington Wizards selected AJ Dybantsa with the No. 1 overall pick in the 2026 NBA Draft, choosing him over fellow prospect Darryn Peterson. Dybantsa is expected to sign a four-year, $69 million rookie contract with Washington, according to a projection by contract database Spotrac confirmed by a league insider. His first-year salary is projected…

In June, job cuts at U.S. manufacturing facilities neared their highest levels since the global financial crisis ended in 2009, S&P Global reported Tuesday. The surge in layoffs also rivaled reductions seen during the Covid-19 pandemic, raising fresh concerns about the durability of any industrial recovery. S&P Global’s manufacturing “flash” purchasing managers index came in…

SpaceX shares dropped through the $150 threshold on Tuesday, falling below the level at which the stock first began trading on the Nasdaq nearly two weeks earlier. The decline briefly pushed the company’s market capitalization below $2 trillion, with shares hitting an intraday low of $146.88 before recovering ground. The stock settled around $153 following…