US Politics & Business News
The U.S. labor market weakened sharply in June, with job creation falling well short of expectations and raising fresh concerns about economic momentum heading into the second half of 2026. Nonfarm payrolls increased by a seasonally adjusted 57,000 in June, significantly slower than the downwardly revised 129,000 jobs added in May and well below the…
Retirees who secure a guaranteed lifetime income stream may actually live longer, according to emerging research linking financial stability to better health outcomes. The connection between money security and longevity is drawing increasing attention from financial researchers and retirement planning experts across the country. Studies suggest that retirees burdened by financial uncertainty experience higher levels…
Gavin Baker, founder and Chief Investment Officer of Atreides Management, has built a reputation for positioning ahead of the broader market on artificial intelligence trades. Baker’s core investment thesis centers on AI as a long-term supercycle, not a speculative bubble, driven by electricity, semiconductor wafers, and compute infrastructure. He argues that real alpha in the…
Bitcoin reclaimed $60,000 and precious metals surged after Federal Reserve Chair Kevin Warsh signaled that inflation risks had eased. Warsh struck an open-minded tone on artificial intelligence during his remarks, reviving appetite for risk assets and precious metals among traders. The Fed chair made his comments at the ECB Forum on Central Banking in Sintra,…
Tamera Mowry-Housley has placed her longtime Bay Area residence on the market for $2.69 million as she and her husband pursue their Napa Valley ambitions. The actress, best known for starring alongside her twin sister Tia Mowry in the hit Nickelodeon series “Sister, Sister,” is 47 years old and ready for a new chapter. Her…
Many Americans approaching their mid-50s begin taking a harder look at whether their retirement savings strategy is actually on track to meet their goals. Contributing just 5% of your salary to a 401(k) is a starting point, but financial planners widely caution that it is rarely sufficient for those with a shorter runway to retirement….
Shares of Micron Technology and Sandisk fell sharply Wednesday as investors rotated out of the broader semiconductor sector amid growing concerns over valuations. Micron dropped 8%, Sandisk slumped 10%, and Western Digital fell 7% as memory stocks pulled back alongside the Nasdaq composite index. The selloff was fueled in part by concerns over additional manufacturing…
The U.S. Department of the Treasury issued a formal announcement on July 1, 2026, outlining the investment lineup for the newly established Trump Accounts. At launch, all contributions to Trump Accounts will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF, ticker SPYM, a low-cost exchange-traded fund. The SPYM fund tracks the…
Europe is pushing to narrow its record trade deficit with China by October, but a historic heat wave is driving unprecedented demand for Chinese-made air conditioners. The European Union and China released a rare joint statement on Monday, aimed at rebalancing trade between the two economies and improving market access for both sides. European trade…
Meta Platforms is reportedly developing a cloud infrastructure business to sell AI computing power, sending rival neocloud stocks sharply lower on Wednesday. CoreWeave (CRWV) shares plunged nearly 14%, closing at $85.69, after Bloomberg reported Meta is building a business to sell excess AI computing capacity to outside customers. Trading volume in CoreWeave surged to roughly…