Every American Child Can Now Start Building Wealth From Birth
A New Kind of Nest Egg Trump Accounts, the president’s new foray into free cash for American children, officially launched on July 4th — the nation’s 250th birthday. The accounts are designed to help families grow savings for children from the time they’re born, capitalizing…
Oregon Backs Down From Effort to Delay Massive Paramount-Warner Bros Merger
A Last-Minute Legal Skirmish Ends Without a Winner Oregon Attorney General Dan Rayfield withdrew the state’s records request and motion to delay the closing of the $110 billion Paramount-Warner Bros. Discovery merger, according to a filing with the Multnomah County Court on Friday, July 11….
Chips, SoftBank, and a Historic IPO Drive Global Markets Higher This Week
A Chip-Fueled Rally Sweeps From Wall Street to Tokyo It was a week that belonged to the semiconductor sector. On Thursday, July 10, U.S. stocks closed broadly higher as chipmakers surged and oil prices eased, setting the stage for a strong finish to the trading…
id Software Is Battered But Not Broken After Microsoft’s Brutal Xbox Layoffs
A Brutal Week for the DOOM Studio Of all the layoffs that came down on Xbox Game Studios this week as part of Microsoft and Xbox’s 3,200 “reset” cuts and four studio divestments, the ones that hit DOOM developer id Software were the most shocking…
Trump-Backed Freedom Fuel Stations Offer Cheap Gas But Raise Big Questions
Cheap Gas With a Side of Mystery President Donald Trump earlier this month praised a “very smart retailer” called the Freedom Fuel Network in the Philadelphia area for voluntarily lowering the price of gas to $3.47 a gallon, undercutting the state average by about 50…
Markets Wobble as US-Iran Ceasefire Collapses Into Fresh Strikes
A Fragile Peace Unravels A ceasefire that once seemed to be inching toward a permanent deal has shattered. On July 8, President Donald Trump declared the Memorandum of Understanding with Tehran effectively over, and the United States has since launched waves of airstrikes against Iran…
Oil Prices Spike as US Strikes Iran and Ceasefire Appears to Collapse
A Fragile Peace Shattered A ceasefire that had briefly calmed one of the world’s most critical oil corridors is now in serious jeopardy — and global energy markets are feeling it immediately. Oil prices surged on Wednesday after President Donald Trump threatened to bomb Iran…
Congress Sounds the Alarm as US Companies Quietly Build on Chinese AI
A Security Warning Hidden in a Cost-Cutting Decision Chinese AI models have gained traction among U.S. firms as they’ve closed the performance gap with American rivals while being cheaper to use. For many companies, it seems like a simple business decision. But Congress sees something…
Samsung Shatters Every Profit Record but Investors Sell Anyway as AI Doubts Grow
Asian stock markets declined despite Samsung reporting strong earnings, as investor concerns about inflated artificial intelligence valuations weighed heavily on sentiment. The broader worry that AI-related stocks may be overvalued was enough to dampen enthusiasm even from Samsung’s impressive quarterly results, reflecting growing caution among investors about the sustainability of the AI-driven market rally.
Wall Street Bets Big on SpaceX as AI and Space Ambitions Dazzle Analysts
A Wall Street Endorsement Unlike Any Other Goldman Sachs and Morgan Stanley, the two lead underwriters on SpaceX’s initial public offering, arrived at price targets more than $1 trillion apart in value as the 25-day quiet period for IPO underwriters expired on July 7. The…
