US Politics & Business News
Investors and economists are heading into the first Federal Reserve meeting chaired by Kevin Warsh with an unusual degree of uncertainty about his monetary policy intentions. Warsh has remained largely silent on key economic questions since assuming office, including where he stands on the recent surge in job growth and the persistent acceleration in inflation….
President Donald Trump announced Sunday that the United States has reached a peace agreement with Iran, calling the deal “complete” on his Truth Social platform. Pakistani Prime Minister Shehbaz Sharif joined Trump in announcing the agreement, with Iranian state media also broadcasting news of the breakthrough to domestic audiences. Trump wrote on Truth Social: “The…
Bond giant Pimco is sounding the alarm on credit markets, warning that a sustained default cycle has officially taken hold after years of unusually low losses. The firm, which manages $2.27 trillion in assets, declared in its 2026 outlook that “the credit loss cycle is upon us,” signaling a significant shift in the credit landscape….
Consumer prices rose again in May, pushing the annual inflation rate to its highest level in three years, according to new government data. Independent Social Security and Medicare policy analyst Mary Johnson now estimates the 2027 cost-of-living adjustment could reach 4.7%, up from her earlier forecast of 4.2%. Johnson warned that the figure may not…
The United States federal government’s total fiscal burden has reached a staggering milestone, with the true national debt now hitting $1 million per American household. This figure goes well beyond the commonly cited gross federal debt, incorporating unfunded liabilities tied to major entitlement programs like Social Security and Medicare. Unfunded liabilities represent promises the federal…
Across the United States, more than 2.5 million grandparents are serving as the primary caregivers for their grandchildren, according to estimates from Generations United. These arrangements rarely emerge from planned decisions, instead arising from unexpected family crises including substance abuse, incarceration, mental health emergencies, or the death of an adult child. The financial consequences for…
Alicia H. Munnell, senior advisor at the Center for Retirement Research at Boston College, argues that Social Security benefits are far from the runaway entitlement that many fiscal hawks describe. Munnell, who also writes a column for MarketWatch, set out to assess whether current Social Security benefits are reasonable, concluding that a reality check supports…
SpaceX employees have accumulated enough paper wealth through the company’s anticipated IPO to purchase roughly 40% of all homes in San Antonio, Texas. That striking figure comes from a new report by Redfin, the real estate brokerage powered by Rocket, which analyzed the hypothetical purchasing power of current and former SpaceX employees. San Antonio is…
SpaceX shares jumped 19.2% on their first day of trading, closing at $160.95 and leaving many retail investors wondering whether the real opportunity has already passed. The IPO was priced at $135 per share, but the offering was oversubscribed, meaning most ordinary investors had no chance to buy in at that initial price. The debut…
SpaceX’s historic public debut has rewritten the record books, with shares closing well above their offering price on the first day of trading. The company priced its IPO at $135 per share, raising $75 billion in what became the largest initial public offering of all time. Shares closed at approximately $161, marking a nearly 20%…