US Politics & Business News
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…
A 60-year-old retiree sitting on $3 million in savings is questioning whether his financial life aligns with his fiancée’s very different situation. The man’s fiancée, aged 55, has accumulated $1 million and intends to continue working for approximately the next decade before retiring herself. The question of financial compatibility between couples at different stages of…
Adobe Inc. (ADBE) shares fell 5.6% in extended trading after the company announced the departure of Chief Financial Officer Dan Durn, its second straight quarter of top-level executive change. Durn, who serves as Executive Vice President and CFO, will leave the company on June 15, 2026, to pursue a new professional opportunity at Marvell Technologies….
After a powerful start to 2026, optical-networking stocks have stalled out in June, and J.P. Morgan analysts see that weakness as a buying opportunity. Both Coherent (COHR) and Lumentum (LITE) have fallen more than 15% from their early-June peaks, following triple-digit gains earlier in the year. J.P. Morgan reiterated Overweight ratings on both stocks, maintaining…
Reaching $1 million per Bitcoin sounds far-fetched to many investors, but Bitwise Asset Management CIO Matt Hougan says the skepticism is rooted in flawed analysis. Hougan argues that most analysts rely on what he calls “static math” when projecting Bitcoin’s long-term price potential, ignoring how markets actually evolve. The standard valuation approach estimates the size…
Intel Corporation (INTC) jumped roughly 5% in premarket trading Thursday after Bank of America upgraded the chipmaker to Buy from Underperform and raised its price target significantly. BofA lifted its Intel price target to $135 from $96, citing improved visibility across the company’s server processor and foundry businesses heading into the decade. The bank now…
Oracle Corp. (ORCL) stock has collapsed roughly 30% in a single quarter, marking its worst performance since 2001 and rattling investor confidence across the technology sector. The dramatic sell-off comes just three months into the tenure of new co-CEOs Clay Magouyrk and Mike Sicilia, who inherited a company carrying enormous expectations tied to artificial intelligence…
President Donald Trump’s approval rating among Republicans has fallen to a new low of 44%, according to a poll of 1,032 Republicans by Congress.net. This fall in support comes amid growing concerns over inflationary pressures and the economy amid continued tensions with Iran. Trump’s approval rating among Republican voters was 57% as of 21 May,…
The European Central Bank announced a quarter-point rate hike on Thursday, lifting its key interest rate to 2.25% amid mounting inflation pressure from the ongoing U.S.-Iran war. Markets had been pricing in a near-100% chance of the ECB raising rates by at least 25 basis points ahead of its June Governing Council meeting, according to…