US Politics & Business News
A US investor is raising concerns after their financial adviser recommended placing $350,000 into a data center project based in the United Arab Emirates. The adviser reportedly described the opportunity in favorable terms, telling the client that the prospectus looks impressive, though the client remains uncertain about the risks involved. Investments in overseas data centers…
The global policy debate around artificial intelligence and employment has decisively shifted, moving away from whether disruption will happen toward how governments should respond. International Monetary Fund Managing Director Kristalina Georgieva issued a stark warning Monday, describing AI’s impact on labor markets as a “slow-moving tsunami” that is already making landfall. Young graduates entering the…
Senate Majority Whip John Barrasso (R-Wyo.) is raising serious alarms about recent reporting surrounding U.S. Ambassador to Greece Kimberly Guilfoyle and her personal finances. Barrasso made his remarks Sunday during an appearance on CBS’s “Face the Nation,” speaking directly with anchor Margaret Brennan about the mounting concerns. The senior Wyoming Republican did not mince words,…
AST SpaceMobile (ASTS) is facing a more competitive landscape after the FCC cleared SpaceX to launch a direct-to-phone satellite service using low-Earth orbit technology. The FCC authorization allows SpaceX to connect ordinary smartphones directly from space without relying on terrestrial cell towers or traditional mobile carrier networks. That regulatory clearance raises immediate and pointed questions…
Shares of AST SpaceMobile (ASTS) climbed roughly 1% overnight Sunday following a pair of significant operational developments over the weekend. The gains came after ASTS stock dropped 10% on Friday, closing at $50.97 and recording a 13% weekly loss for its second consecutive weekly decline. AST SpaceMobile announced via X that BlueBird satellites 14, 15…
Markets closed out the week with large caps leading the charge, as the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both posted solid weekly gains despite a turbulent Monday open. The S&P 500 finished at 7807.12, up 0.54% on the day and 1.09% for the week, falling just short of its 52-week high of 7844.52…
The largest U.S. banks are set to kick off earnings season, offering investors their first clear look at how rising Treasury yields are hitting the broader economy. Analysts expect earnings at the biggest U.S. banks to rise by as much as 20% from a year earlier, though the backdrop remains complicated by surging long-term borrowing…
The bull market is officially four years old, but a persistent rise in bond yields is raising serious questions about how much longer the rally can last. Investors have ridden a remarkable wave of gains since the market bottomed out, with equities climbing steadily through economic uncertainty, geopolitical turbulence, and repeated calls for a recession…
Senate Judiciary Committee Chair Chuck Grassley has fired back at Democrats who demanded an apology over the treatment of former special counsel Jack Smith at a recent hearing. In a letter to top committee Democrat Dick Durbin of Illinois, the 93-year-old Iowa Republican accused Democrats of embarrassing themselves by “falling over themselves” to defend Smith’s…
A bipartisan group of seven Senate Foreign Relations Committee lawmakers has condemned President Trump’s recent agreement with Russian President Vladimir Putin to lift energy sanctions. The deal would allow Russian oil and diesel fuel to flow back into the global economy, directly contradicting legislation Congress passed in 2022. “Congress explicitly banned Russian energy imports in…