US Politics & Business News
U.S. households are growing increasingly anxious about their financial situations, with a key measure of consumer distress hitting its highest level in nearly four years. The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations, released Monday, showed a sharp deterioration in how Americans view their current financial standing. The share of respondents…
SpaceX is preparing to make history with the largest initial public offering ever recorded, targeting a $75 billion fundraise on the Nasdaq under ticker SPCX. The company has set a fixed price of $135 per share and is scheduled to begin trading on June 12, more than doubling Saudi Aramco’s 2019 record of $29 billion….
Collecting Social Security survivor benefits while wondering whether to claim your own retirement benefits is a common and important financial dilemma for widows and widowers. Many Americans in this situation do not realize they have the flexibility to switch between benefit types at a strategically advantageous time. The Social Security Administration does not allow recipients…
The technology sector has experienced a significant pullback in recent months, rattling investors who had grown accustomed to relentless gains across major indices. Despite the turbulence, Morgan Stanley’s top stock-market strategist is urging calm, characterizing the selloff as a natural and necessary correction within a broader bull market. The strategist’s assessment frames the retreat not…
Williams confirmed her comeback to professional tennis on June 1, accepting a wild-card invitation to compete at the HSBC Championships in London. The announcement comes nearly four years after the tennis icon made her emotional exit from the sport at the 2022 U.S. Open, stunning fans worldwide. Williams has won 23 major singles titles, 73…
Nvidia has announced a series of landmark deals in South Korea with major technology firms including SK Hynix and Naver to secure critical memory chips for its AI ambitions. The agreements were struck during a high-profile visit by Nvidia CEO Jensen Huang to South Korea, where he met the country’s top corporate leaders across a…
Novo Nordisk’s oral Wegovy pill has surpassed three million prescriptions in just over five months, cementing its place among the strongest U.S. pharmaceutical launches by volume on record. The three million prescription milestone translates to roughly one prescription filled every five seconds, reflecting relentless consumer demand since the drug became available in January 2026. Wegovy…
U.S. stock futures fell modestly on Tuesday as renewed strikes in the Persian Gulf rattled investor confidence and pushed oil prices sharply higher. Nasdaq futures and S&P 500 futures each edged down roughly 0.1%, reflecting the market’s uneasy response to escalating tensions in the region. Oil prices surged above $100 a barrel, a threshold that…
Wall Street’s longest winning streak in three years came to an abrupt end as investors abandoned high-flying technology shares in dramatic fashion. A stronger-than-expected May jobs report reignited fears that U.S. interest rates could rise again before the end of the year, rattling equity markets broadly. The Nasdaq composite suffered its worst single-day decline in…
Despite constant chatter about rising oil prices on earnings calls, most S&P 500 companies say the impact on their bottom lines remains limited for now. The word “oil” came up on 149 earnings calls held by S&P 500 companies between March 15 and June 5, according to a FactSet analysis of call transcripts. That figure…