US Politics & Business News
A former mortgage loan officer is sounding the alarm about American spending habits, warning that a catastrophic financial crisis could be on the horizon. The professional claims to have rejected loan applications from wealthy couples whose overspending made them too risky to lend to, regardless of their income levels. High earnings alone do not protect…
OpenAI CEO Sam Altman has drawn sharp criticism from a Republican committee chair after publicly suggesting the world should tolerate some harmful AI outcomes. Altman made the remarks in an interview with Politico’s Decoded newsletter, where he argued that the public should accept certain downsides of artificial intelligence in exchange for its broader benefits. “The…
President Trump signed an executive order aimed at reducing the surging cost of diesel fuel, framing the move as historic relief for American consumers and industries. “I’m going to sign a historic executive order to officially waive the off-road requirement, and allow anyone to purchase tax-free red dyed diesel for any reason,” Trump said before…
Pentagon spokesperson Sean Parnell announced Monday that convicted terrorist Nidal Malik Hasan has been sentenced to death by firing squad. Parnell made the announcement on the social platform X, confirming that Defense Secretary Pete Hegseth “recommended” the method and President Trump “approved” it. Hasan carried out the 2009 attack at Fort Hood, opening fire on…
AST SpaceMobile (ASTS) has drawn renewed scrutiny after B. Riley downgraded the stock to Neutral from Buy on October 2, slashing its price target to $65 from $85. Analyst Mike Crawford cited delayed launches, rising constellation costs, and growing competition as the primary reasons for the more cautious stance on the satellite connectivity company. Crawford…
D-Wave Quantum Inc. (NASDAQ: QBTS) has launched a gate-model quantum computing simulator beta program, representing a significant milestone in the company’s gate-model development roadmap. The company describes itself as the only dual-platform quantum computing firm offering both annealing and gate-model systems, software, and services to commercial and government customers. The beta program gives select customers…
Zacks Research has spotlighted Texas Instruments (TXN), RTX Corp. (RTX), and Marvell Technology (MRVL) as top analyst picks in its latest daily research roundup. The October 5 edition of the Zacks Research Daily features new reports on 16 major stocks, drawn from roughly 70 reports published by the analyst team on Monday. Texas Instruments shares…
The global bond market has been rocked by a fierce sell-off, with surging yields driven by stronger U.S. economic data, rising energy prices, and renewed inflation fears. Heavy debt supply has compounded the pressure, pushing yields on medium and long-term bonds to levels not seen in nearly two decades across major markets. The yield on…
Georgia Democratic Sen. Raphael Warnock is hitting the campaign trail hard, launching an aggressive eight-state midterm sprint that doubles as a tour of critical early presidential primary states. The senator plans to campaign alongside Democratic candidates for Senate, governor, and other offices across the wide-ranging itinerary, beginning Tuesday in New Hampshire. New Hampshire holds the…
The Trump administration is moving to repeal the 2001 Roadless Rule, a federal policy protecting tens of millions of acres of national forest land across the United States. The rule has long prohibited road construction and commercial timber harvesting in designated roadless areas within national forests, preserving vast stretches of wilderness. Sen. Martin Heinrich, Democrat…