US Politics & Business News
Two House lawmakers from opposite parties introduced legislation last week that would give federal regulators new power to block the deployment of the most powerful AI models when they pose an imminent catastrophic risk. Reps. Jay Obernolte, a California Republican, and Lori Trahan, a Massachusetts Democrat, unveiled the bill on Thursday. The measure is formally…
Texas Instruments (NASDAQ: TXN) delivered one of the most dramatic earnings reactions of the current season on Thursday, with shares surging as much as 19 percent in response to first-quarter results that decisively beat both revenue and earnings per share estimates, accompanied by second-quarter guidance that significantly exceeded what Wall Street had been expecting. For…
Morgan Stanley has delivered the strongest quarterly performance in its history, reporting first-quarter 2026 net revenues of $20.6 billion and earnings per share of $3.43, both of which substantially exceeded analyst forecasts and pushed the stock higher in pre-market and regular trading on Wednesday. The results reflect a financial sector benefiting from elevated volatility, record…
Wells Fargo produced the most ambiguous result of Tuesday’s concentrated bank earnings session, beating the consensus earnings per share estimate of $1.58 with reported diluted EPS of $1.60 while simultaneously missing on net interest income in a way that investors refused to overlook. The stock fell approximately 4.8 percent through the trading session, making it…
President Donald Trump has spent the better part of fourteen months trying to push Jerome Powell out of the Federal Reserve, deploying every tool available short of the one he does not legally possess: the power to fire him. The irony now developing at pace is that the Justice Department investigation Trump encouraged into Powell’s…
The Federal Reserve’s decision to hold its benchmark interest rate in the 3.5% to 3.75% range on Wednesday was the most anticipated non-event of the year — until Jerome Powell started talking. What followed his opening remarks sent traders scrambling for the exits in a session that turned a routine hold into a full-blown risk-off…
When Donald Trump returned to the White House in January 2025, Republicans didn’t just win an election — they inherited unified control of government and, with it, a mandate they treated as a license to govern at speed. Fourteen months later, the party looks considerably different from the one that swept into power, and not…
The Trump administration has invoked the Defense Production Act of 1950, a Cold War-era emergency statute, to direct Sable Offshore Corp. to restart a pipeline and offshore oil operation along the Santa Barbara coast that has been shut since a rupture in 2015. Energy Secretary Chris Wright issued the order on Friday, framing it as…
Palantir continues to rely on Anthropic’s Claude artificial intelligence models despite the Pentagon designating the startup a supply-chain risk during an escalating dispute involving defense technology providers. Chief executive Alex Karp confirmed that Palantir’s software systems remain integrated with Anthropic’s tools while government agencies determine how to respond to the recent classification by the Department…
Officials within the Trump administration have reportedly decided against using the U.S. Treasury Department to trade oil futures contracts as a method of influencing energy markets for the time being. The possibility had been discussed internally as oil prices surged following the outbreak of conflict involving Iran, which has raised concerns about potential disruptions to…