US Politics & Business News
A common estate planning question is emerging among adult children who inherit or receive property from aging parents as a gift rather than through a will. When a parent transfers a home to a child outright, the child typically takes on the parent’s original cost basis in the property rather than receiving a stepped-up basis….
Chicago has emerged as the nation’s hottest major housing market, recording year-over-year home price increases that outpace every other large metro in the country. The city posted a 4.0% year-over-year gain in home prices, a standout performance at a time when many U.S. markets are experiencing outright declines. In November, Chicago-area home values climbed 5.7%,…
Beijing is walking a financial tightrope as Washington escalates sanctions pressure on Chinese institutions linked to Iranian oil transactions. U.S. Treasury Secretary Scott Bessent announced that any entity facilitating “money laundering or sanctions evasion on behalf of Iran risks being cut off from the U.S. financial system.” When pressed specifically on Chinese banks, Bessent warned:…
US stock futures opened Tuesday in negative territory, with E-mini S&P 500 contracts declining roughly 0.1% as investors processed mixed signals from the economy. Strong business activity data complicated the picture for markets, with the flash Composite PMI for August coming in at 56, while the services PMI registered an even stronger 56.8. Those readings…
Quantum computing stocks are entering a more demanding phase in the second half of 2026, with investors shifting focus from qubit milestones to revenue visibility and commercialization. After a powerful rally earlier in the year, the macro backdrop has become less favorable for high-risk growth stocks across the quantum computing sector. The Federal Reserve held…
TransDigm Group (TDG) and RTX Corp (RTX) are drawing investor attention as two profitable companies that analysts believe strike a meaningful balance between growth and margin expansion. Meanwhile, Qualys (QLYS), a cloud-based cybersecurity platform, is being flagged as a stock best left off watchlists despite its strong operating margins. As Jeff Bezos once warned, “Your…
Billionaire investor Stanley Druckenmiller has publicly broken with Treasury Secretary Scott Bessent, calling his former mentee’s bond buyback expansion a serious policy mistake. Druckenmiller, who guided Bessent during his early career as a hedge fund trader, warned that suppressing US bond yields through aggressive buybacks courts significant danger for markets. Both men share deep professional…
The U.S.-Canada trade war has intensified after talks between the two countries collapsed without a deal to avert new tariffs. President Trump’s latest escalation introduced 50% tariffs on select Canadian goods, which have already taken effect and are rattling markets. The auto sector faces some of the sharpest exposure, given how deeply integrated U.S. and…
Investors funneled billions of dollars into Canadian exchange-traded funds in the days leading up to a dramatic breakdown in U.S.-Canada trade negotiations. ETFs collectively gained $8.5 billion in net inflows as markets adopted a cautious stance ahead of the weekend’s high-stakes trade discussions between the two countries. The rush into Canadian ETFs reflected investor optimism…
Quantum computing stocks are falling roughly ten times harder than the broader NASDAQ 100 on Monday, with no fresh negative catalyst driving the selloff. Invesco QQQ Trust (NASDAQ: QQQ) is down just 0.7% to $708.26 in afternoon trading, making the quantum sector’s decline look especially pronounced by comparison. Rigetti Computing (NASDAQ: RGTI) is down 7%…