US Politics & Business News
Bank of England Governor Andrew Bailey has issued a stark warning that advanced artificial intelligence models could trigger a disorderly correction in global financial markets. Bailey delivered the warning in a two-page letter published Monday to G20 finance ministers and central bank governors, outlining the systemic risks posed by so-called frontier AI models. Writing in…
Democrats eyeing a return to the House majority are leading the early push to claim open seats on one of Capitol Hill’s most powerful committees. The House Energy and Commerce Committee, known for its sweeping authority over health care, artificial intelligence, energy, and telecommunications, will have at least eight vacant seats in the next Congress….
Approximately 85 Americans are still missing following devastating flash floods along the border of Nepal and Tibet, the State Department confirmed Sunday. State Department spokesman Tommy Pigott appeared on ABC’s “This Week” to deliver the latest figures on American citizens affected by the disaster. “This morning, I can say we now have 85 Americans, approximately,…
The National Park Service confirmed Sunday that approximately 15 people may be missing or unaccounted for after a significant flash flood struck the Grand Canyon. The flood tore through Bright Angel Canyon and the Phantom Ranch area on Saturday, causing widespread destruction across one of the park’s most heavily trafficked regions. The Bright Angel Trail,…
President Trump celebrated NASA’s successful launch of its Nancy Grace Roman Space Telescope on Sunday, calling it a defining moment for American space ambition. Trump posted his congratulations on Truth Social, writing, “Congratulations to NASA Administrator Jared Isaacman, and the Great Patriots at NASA, on a successful launch.” The president punctuated his message with a…
US Mobile plans to bring AST SpaceMobile-powered direct-to-cell satellite coverage to its Verizon-based Warp network during the fourth quarter of 2026. The announcement represents a potential new catalyst for shares of AST SpaceMobile (ASTS), which have faced persistent selling pressure in recent weeks. ASTS stock fell nearly 6% on Friday and ended last week down…
AI remained a central force powering tech stocks during the final week of August, drawing intense retail investor attention across several high-profile names. Nvidia (NVDA) reported fiscal second-quarter revenue of $96.2 billion on Aug. 26, representing a 106% increase from a year earlier and surpassing Wall Street’s $92.2 billion expectation. The chipmaker guided for approximately…
U.S. stock-index futures moved lower Sunday as investors weighed the growing probability of a fresh interest-rate increase from the Federal Reserve. Markets are now pricing in a 58% probability of a 25-basis-point rate hike at the September meeting, up sharply from 36% before Fed Chair Kevin Warsh’s speech Friday. Warsh told attendees at the annual…
China’s factory activity shrank for a second straight month in August, though the contraction was smaller than economists had anticipated, adding pressure on Beijing to shore up the slowing economy. The official purchasing managers’ index came in at 49.8 in August, an improvement from 49.2 recorded in July, according to data released Monday by the…
Tony Fabrizio, a top pollster working for Republican Mike Rogers, is aggressively disputing public polls showing Rogers trailing in Michigan’s high-stakes Senate race. Fabrizio argues that recent surveys are over-sampling Democratic-leaning voters, specifically college-educated and Black voters, according to an internal memo obtained by POLITICO. A Susquehanna poll released this month showed progressive Abdul El-Sayed…