US Politics & Business News
Early projections suggest Social Security recipients could see a meaningful boost to their monthly benefits when the 2027 cost-of-living adjustment takes effect. The official COLA announcement comes each October, but analysts and advocacy groups have already begun publishing estimates based on current inflation trends. The Social Security Administration calculates the annual adjustment using third-quarter changes…
JPMorgan Chase (JPM) reported second-quarter net income of $21.2 billion, or $7.70 per share, the highest quarterly profit in the bank’s history. The blowout results were fueled by a surge in stock-trading revenue and a $4.6 billion gain on the bank’s Visa (V) stake. Excluding those one-time gains and $1.0 billion in gains on certain…
Consumer prices posted their sharpest monthly decline in more than six years during June, offering Americans a brief reprieve from the year’s persistent inflation pressures. The consumer price index fell a seasonally adjusted 0.4% for the month, pulling the annual inflation rate down to 3.5%, according to the Bureau of Labor Statistics. Economists surveyed by…
D-Wave Quantum Inc. (NYSE: QBTS) announced it will voluntarily transfer its common stock listing from the New York Stock Exchange to Nasdaq, effective after market close on July 24, 2026. The company confirmed its ticker symbol will remain “QBTS” when trading on Nasdaq begins on July 27, 2026, ensuring continuity for existing shareholders. D-Wave described…
IonQ Inc. (NASDAQ: IONQ) has now recorded nine consecutive days of losses, closing Monday down 9.29 percent at $38.88 per share as investor sentiment soured across growth-oriented sectors. The prolonged decline has erased roughly 27.8 percent of IonQ’s market value over the nine-day stretch, marking a severe and sustained pullback for the quantum computing firm….
Crude oil prices surged dramatically this week, posting their biggest two-day percentage gain in four months amid a sharp escalation in U.S.-Iran hostilities. U.S. benchmark crude jumped 5.8% to $74.55 a barrel during the session, hitting an intraday high of $76 per barrel after President Trump declared the Iran ceasefire “over.” U.S. crude ultimately closed…
Graham, 71, died after suffering an aortic dissection due to arteriosclerotic cardiovascular disease, according to preliminary findings from Washington’s chief medical examiner. He was transported to George Washington University Hospital, where he was pronounced dead at 10:23 p.m. on a Saturday night. An aortic dissection occurs when the wall of the aorta, the body’s largest…
SpaceX shares are approaching their initial public offering price of $135 after a dramatic retreat from record highs, raising questions about the company’s lofty valuation. The aerospace giant went public at $135 a share roughly a month ago in a record-breaking IPO that valued the company at more than $1.7 trillion and raised $85.7 billion…
Retail investors are showing renewed conviction in the space sector even as several major names remain deep in negative territory over the past month. A Stocktwits poll drawing 1,600 votes found SpaceX (SPCX) and AST SpaceMobile (ASTS) each securing 33% of the vote as the top dip-buying opportunities. Rocket Lab (RKLB) followed closely with 29%…
IonQ (NYSE: IONQ) is leading a broad selloff across quantum computing stocks Monday, falling 8% to $39.52 with no company-specific news driving the decline. The move extends a painful stretch for IONQ shareholders, with shares now down 31% over the past month as sentiment has steadily deteriorated. D-Wave Quantum (NYSE: QBTS), Rigetti Computing (NASDAQ: RGTI),…