US Politics & Business News
Recent estimates of Elon Musk’s net worth diverge sharply depending on the source, and the scale of that divergence says as much about the limits of wealth tracking as it does about Musk himself. Bloomberg places the figure near 1.1 trillion dollars as of mid-June 2026, while the Forbes Real-Time tracker estimates approximately 811 billion…
Semiconductor stocks roared back to life on June 11, 2026, after President Donald Trump announced a significant diplomatic breakthrough with Iran, sending chip shares sharply higher. Advanced Micro Devices (AMD), Micron Technology (MU), Arm Holdings (ARM), and Marvell Technology (MRVL) each climbed 6% or more as investors rushed back into growth-oriented technology names. Intel (INTC)…
Fox Corporation and Roku have entered into a definitive agreement under which Fox will acquire Roku for $160.00 per share in a combination of cash and Fox Class A common stock. The deal values Roku at approximately $22 billion in enterprise value, marking one of the largest media and technology transactions in recent memory. Under…
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…