US Politics & Business News
Gold fell below $4,000 on June 24 for the first time since November 2025, rattling precious metals markets and deepening an already painful quarterly loss. The breach marks a dramatic reversal for a metal that set record highs earlier this year, with prices now down roughly 24% since the Iran war began in late February….
Tesla (NASDAQ: TSLA) shares surged approximately 8% on Monday after the company released a long-awaited update to its Full Self-Driving software platform. The update, known as FSD V14 Lite, was rolled out to early-access Hardware 3 vehicles, marking a significant milestone in Tesla’s ongoing autonomous driving development. The rally highlights a striking shift in how…
Rocket Lab has announced plans to acquire Iridium Communications for approximately $8 billion, positioning itself as a direct competitor to SpaceX’s Starlink satellite network. The deal, announced June 29, will see Iridium shareholders receive $27 in cash plus Rocket Lab stock, valuing each Iridium share at $54 in a combined cash-and-stock transaction. Rocket Lab CEO…
At 70 and single, with a personal expectation of not reaching 80, choosing between a reverse mortgage and a home equity agreement carries significant financial weight. Both financial products offer access to home equity without requiring the homeowner to sell their property, but they work in fundamentally different ways. A reverse mortgage is a federally…
Washington’s AI debate has entered a new phase. After years of hearings, voluntary frameworks and warnings about safety, copyright, labor and national security, Congress is now attempting to write the first serious federal rulebook for artificial intelligence. But energy regulators, utilities, data-center operators, governors and local communities are asking an increasingly urgent question: is Congress…
Wall Street has developed a striking pattern tied to U.S. military actions against Iran, with Monday morning trading sessions becoming increasingly predictable for equity traders. Each time the Trump administration launches or cancels strikes against Iran over a weekend, markets respond with sharp and consistent moves by the following Monday open. The latest example came…
Reaching retirement age and collecting Social Security benefits does not exempt workers from continuing to pay payroll taxes on earned income. Any person working in covered employment, regardless of age or benefit status, remains legally obligated to pay Social Security and Medicare payroll taxes. This is a reality facing many older Americans who claimed Social…
Charter Communications (CHTR) shares rocketed higher after reports emerged that the cable giant is in talks with SpaceX over a potential mobile telecommunications partnership. Bloomberg reported that Charter, the largest home internet provider in the United States, could route a portion of SpaceX’s mobile traffic through its terrestrial broadband network. Neither Charter nor SpaceX has…
The U.S. Federal Reserve has become increasingly difficult for Wall Street to forecast, with sharply divergent views emerging over where monetary policy is headed. Traders in rate futures are pricing in at least one Fed hike by early autumn and another next year, a notably aggressive outlook by recent standards. Some asset managers, however, expect…
The Supreme Court ruled Monday that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook while her lawsuit challenging the dismissal moves through the courts. The 5-4 decision rejected Trump’s bid to stay a lower federal court ruling that had blocked Cook’s termination during the ongoing legal proceedings. Chief Justice John Roberts authored the…