Stock market news, crypto, investing, and personal finance.
1,803 articles
More than 10 states are pushing back on new data center construction, creating a conflict between national AI goals and local concerns. This resistance could impact the pace of AI development and investor expectations.
Private credit funds are facing a wave of investor withdrawals, leading to 'gates' or withdrawal limits. Fears over AI's impact on the software sector are a key driver, though experts suggest the market is overreacting. Withdrawal limits are seen as a protective measure for less liquid assets.
The stock market is demonstrating surprising resilience despite rising oil prices and geopolitical uncertainty. Strong corporate earnings growth of 15% is a key factor supporting the market, with analysts seeing no imminent recession. Investors are advised to focus on fundamentals and avoid emotional reactions to short-term volatility.
Tech company OpenAI has released a policy blueprint suggesting a public wealth fund, a four-day workweek, and a shift in taxation from labor to capital. The proposals aim to manage the economic impact of artificial intelligence. The White House also seeks national AI standards to avoid a patchwork of state regulations.
Diesel prices in San Francisco have reached an unprecedented $8 per gallon, shocking drivers. An investigation found no evidence of illegal price gouging by oil companies, suggesting refinery shutdowns and state policies are the main culprits. California's high gas taxes and strict regulations are cited as major drivers of the cost.
The Artemis II mission achieves a historic lunar flyby, with astronauts experiencing a communication blackout as they travel farther from Earth than ever before. The mission captures unseen parts of the Moon and gathers data crucial for future lunar bases, particularly at the resource-rich south pole. This endeavor highlights a national commitment to space exploration, with ambitions extending to Mars.
Experts debate whether President Trump's strategy is effectively degrading Iran's capabilities or escalating tensions. The administration claims significant progress in weakening the regime, while critics worry about potential conflict and war crimes. The outcome could impact global energy markets.
The U.S. has issued an ultimatum to force the Strait of Hormuz open, signaling potential military and economic actions. This move could significantly impact global oil prices and energy markets.
Government jobs data may be painting an overly optimistic picture of the labor market. Deeper analysis reveals shrinking labor force participation and potential data reclassification, suggesting underlying economic weakness despite positive headlines.
Iran faces a critical deadline as President Trump demands the opening of the Strait of Hormuz, threatening major air strikes if demands aren't met. The ultimatum comes amid complex internal Iranian politics and highlights significant geopolitical risks for global markets.
