US Politics & Business News
Wall Street’s biggest banks are quietly positioning themselves for what could be the most lucrative stretch of IPO activity in the history of equity capital markets. JPMorgan (JPM) analysts argue that investors are broadly underestimating the financial upside that a wave of massive public offerings could deliver to major banks in the coming months. SpaceX…
Oil prices dropped sharply on Friday after Iranian state media reported a proposed peace deal that could see the Strait of Hormuz reopen to normal traffic. U.S. crude oil futures for July delivery fell 4.5% to $83.80 per barrel as traders reacted to news of a potential diplomatic resolution. August futures for international benchmark Brent…
Former Canadian Prime Minister Justin Trudeau has purchased a $3.1 million Montreal mansion, with sources claiming he hopes singer Katy Perry will move in part-time. Trudeau, 54, closed on the nearly century-old stone property in the upscale Outremont neighborhood after securing a mortgage through the Bank of Montreal. He purchased the home in mid-January for…
First Lady Melania Trump and Treasury Secretary Scott Bessent have announced a new spinoff of Trump Accounts designed specifically for children in foster care. The initiative, called Fostering the Future Accounts, extends the existing Trump Accounts program by allowing child welfare agencies to open accounts on behalf of foster children. Trump Accounts, also known as…
The UK economy shrank by 0.1% in April, official figures revealed Friday, as the ongoing conflict involving Iran continued to weigh on business activity. A 0.2% contraction in services output was identified as the primary driver of the decline, with officials noting it was partly offset by a 0.1% rise in construction output. Production output…
The 2026 FIFA World Cup is drawing unprecedented attention from artificial intelligence researchers and forecasting models eager to predict the tournament’s outcome. Several frontier AI models were each given the same 2026 World Cup draw and independently tasked with forecasting which nation would lift the trophy. Four of the seven models picked Spain as the…
Foreign investors are pouring into the SpaceX IPO at a historic pace, with total demand surpassing $250 billion across global markets. The offering is running three-and-a-half to four times oversubscribed, signaling extraordinary appetite for one of the most anticipated listings in years. International participation is especially notable, with European buyers from Germany and France among…
Nasdaq’s quarterly rebalance is bringing five new names into its premier index, headlined by space technology firm Rocket Lab USA (RKLB) alongside four AI-linked companies. Index provider Nasdaq Global Indexes announced late Thursday that Rocket Lab, connectivity chip maker Astera Labs, cloud-computing companies CoreWeave and Nebius, and chip-equipment maker Teradyne will join the Nasdaq 100…
China’s rush of capital into its tech startup ecosystem has hit a significant speed bump, revealing structural weaknesses in how Beijing finances its ambitions to rival U.S. technological dominance. Within hours of each other last Friday, a Chinese city government ordered companies to disclose their financial ties to robot vacuum maker Dreame Technology, and China’s…
Martin O’Malley, who served as the 17th Commissioner of the Social Security Administration from 2023 to 2024, is making the rounds to address the program’s long-term financial challenges. Appointed by President Biden, O’Malley has been meeting with city and state leaders across the country to discuss what the agency can do to better serve its…