US Politics & Business News
Traders are betting overwhelmingly that the Federal Reserve will hold interest rates steady when it meets later this month, but those assumptions may be dangerously outdated. Futures markets assigned just a 15% probability to an October rate hike as of Friday morning, reflecting widespread confidence that the Fed will pause its tightening campaign. That confidence…
President Trump signed an executive order Friday evening to waive sanctions against Russia that were set to take effect under a recently enacted legislative package. Trump signed the sanctions legislation into law last month, and the package was posthumously dedicated to the late Sen. Lindsey Graham (R-S.C.). The legislation sought to pressure the Kremlin to…
Shares in major British lenders dropped sharply on Friday after reports emerged that UK finance minister John Healey plans to raise taxes on banks in his October 28 budget. Lloyds Banking Group (LYG) fell 2.3% and NatWest (NWG) declined 2.05% as of 04:40 ET, reflecting investor anxiety over the proposed fiscal changes. The Guardian reported…
Wall Street analysts delivered a mixed set of ratings changes this week, with growth prospects and legal clarity driving upgrades for select stocks. Crocs Inc. (CROX) gained 8.5% this week after Barclays upgraded the footwear company to ‘Overweight’ from ‘Equal Weight’ and lifted its price target to $139 from $118. Barclays cited a clearer path…
D-Wave Quantum (QBTS) has delivered extraordinary returns for well-timed investors, turning a $5,000 stake from two years ago into more than $64,000 today. That gain represents a staggering 1,190% return, a figure that naturally raises the question of whether history could repeat itself for investors buying in now. Timing, however, has been everything with this…
The U.S. defense sector enters an unusually turbulent third-quarter earnings season, a development rarely seen over the past decade of relatively steady growth. Uncertainty over U.S. military spending ahead of November midterms, slowing airline traffic growth, and persistent supply-chain constraints have weighed heavily on the industry. The S&P 1500 Aerospace and Defense Index fell nearly…
The technology sector offered investors no shelter Friday as AI fears and interest-rate concerns triggered a sweeping selloff across software and semiconductor stocks. The Nasdaq Composite shed as much as 2.5% at its worst point during the session, erasing roughly $800 billion in market value before recovering partially to close down 1.5%. Software and semiconductor…
The United States closed out the 2026 fiscal year with a budget deficit of nearly $2 trillion, underscoring the deepening strain on the country’s finances. The Treasury Department reported Friday that the deficit reached $1.992 trillion, a 12% increase from the $1.775 trillion shortfall recorded in the prior fiscal year. The figure ranks as the…
Rep. Mike Lawler is taking an unusual political gamble, attacking Democrats over sanctuary policies while also criticizing the Trump administration’s aggressive immigration enforcement tactics. Lawler represents a suburban Hudson Valley district that Kamala Harris carried in 2024, making his path to a third term anything but straightforward in the current political climate. His Democratic opponent,…
A wave of suspicious mailings containing unknown substances has struck congressional offices across the United States, alarming lawmakers from both parties. Senators and House members from Minnesota, South Dakota, Nebraska, Connecticut, California, New York, New Jersey, Virginia, Delaware, Florida, Massachusetts, and Maine have all reported receiving the packages. Sen. Amy Klobuchar (D-Minn.) said officials intercepted…