US Politics & Business News
Consumer sentiment in the United States has been tumbling, and Goldman Sachs thinks it knows why the gloom refuses to lift. The consumer sentiment index tracked by the University of Michigan hit record lows this year, falling 13% year over year in September alone. That monthly drop included a decline of almost 8% from August,…
As House Republicans left Washington for a seven-week pre-midterm recess, cracks in party unity were on full display before lawmakers departed. A perfect storm of affordability issues is developing for Republicans heading into November, and the party has largely abandoned hopes of passing meaningful legislation before Election Day. Seven Republicans broke ranks this week and…
The relationship between President Trump and Canadian Prime Minister Mark Carney has grown increasingly strained following Carney’s visit with the European Union earlier this week. The two nations have continued trading tit-for-tat tariffs on American and Canadian goods, with no signs of a diplomatic breakthrough on the horizon. Adding further friction, European Commission President Ursula…
Iowa Republicans face an increasingly delicate balancing act as midterm elections approach and Democrats work aggressively to tie GOP candidates to the Trump administration. The tension was on stark display in Council Bluffs, where gubernatorial candidate Zach Lahn joined Vice President Vance on the campaign trail while Republican Senate candidate Rep. Ashley Hinson skipped the…
Retail sentiment for AST SpaceMobile (ASTS) has fallen close to a one-year low following SpaceX’s major regulatory win in global telecommunications services. The Federal Communications Commission granted SpaceX authority to provide global facilities-based and resale telecommunications services supporting Starlink Mobile on Thursday. SpaceX filed its amended application on August 25, the FCC accepted it for…
Rigetti Computing (RGTI) sells quantum computing systems into a market its own management describes as early, making a straightforward investment case nearly impossible to construct. Traditional valuation tools like price-to-earnings ratios are useless here because Rigetti continues to lose money, leaving investors with few conventional anchors. The more useful measure is the price-to-sales multiple, which…
Wall Street futures traded in mixed territory Friday morning as major indexes looked to extend a rebound following a sharp Federal Reserve-induced selloff. The Dow Jones Industrial Average ($DJI) edged lower in premarket trading, slipping roughly 0.18% as investor sentiment remained cautious heading into the session. The S&P 500 ($GSPC) managed modest gains of approximately…
The widespread fear of an October stock market crash has little statistical backing, according to market analyst Mark Hulbert writing in MarketWatch. Hulbert argues that the risk of a sharp U.S. market decline in October is no higher than during any other month of the year. Despite this reality, many investors continue to treat October…
A 55-year-old woman whose mother spent seven years in a memory care facility is now weighing whether she and her husband need long-term care insurance. Her mother’s monthly care cost roughly $7,000, a figure that stretched across nearly a decade and ultimately totaled close to an extraordinary sum. Her parents had maintained a long-term care…
Republicans once dreamed of running against New York City Mayor Zohran Mamdani, framing him as a far-left villain to energize suburban and upstate voters. Instead, moderate Governor Kathy Hochul has become the Republican Party’s primary political foil heading into the fall election cycle. Hochul, seeking a second term, carries middling approval ratings that GOP strategists…