The viral personal assistant OpenClaw has triggered a rush among Big Tech to build agentic tools.
New research from George Mason University's Mercatus Center warns that delaying Social Security reform could negatively impact the bond market and the broader U.S. economy. With the Old-Age and Survivors Insurance trust fund projected to deplete in Q4 2032, inaction may lead to increased borrowing, higher interest rates, and a potential fiscal crisis.
Jim Cramer's Charitable Trust is selling its remaining 118 shares of Arm Holdings for approximately $303.46 per share, exiting the position entirely. The sale aims to secure a 75% gain on the stock, purchased in April, amid concerns about the AI buildout trade and increased supply in the semiconductor market.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
Delta Air Lines is launching a new 'Basic' fare for its business and first-class cabins, removing perks like free seat selection and lounge access. This move aims to maximize revenue from high-spending customers by offering tiered options.
Markets brace for a sell-off with Dow futures down 400 points. Tensions rise between the US and Iran after ship attacks in the Strait of Hormuz. Apple announces a major chip-supply deal with Broadcom. Analysts issue upgrades and downgrades for several companies including Old Dominion, Ollie's Bargain Outlet, Kraft Heinz, Travelers, RH, Monster Beverage, and AT&T.
Federal Reserve officials signaled one interest rate hike this year, but historical patterns suggest a cycle of multiple adjustments. Former Fed President Jim Bullard noted the committee rarely makes single moves, typically engaging in rate cycles to achieve policy goals. Markets await further clues from the FOMC meeting minutes.
