Democrats have railed against potential Medicaid cuts since President Donald Trump won the 2024 presidential election. Now that his ‘big, beautiful bill’ has passed through Congress, they are making Medicaid a top talking point ahead of competitive midterm elections expected in 2026. Republicans, meanwhile, are doubling down on Medicaid reform…
Investors honed in on tech stocks again as Q2 earnings season kicked off on Monday (July 14). Some experts believe the rallying market is showing signs of frothiness. Apollo Global Management (NYSE:APO) Chief Economist Torsten Sløk highlighted concerns about overvaluation mid-week, comparing the current tech craze to the dotcom bubble…
Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI) system, with an initial aim to help people with severe…
This week, let’s dive into three interesting stocks: a well-known Dow stalwart, a tech giant in a tug of war, and a former Dow member showing signs of revival. Whether you’re looking for opportunity, caution, or something worth watching, there’s a little something here for every thoughtful investor. Sherwin-Williams (SHW):…
Even with a few short-lived roller coaster rides, the stock market had a strong week. Though there was some selling on Friday, the S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed up over the week as a whole, while the Dow Jones Industrial Average ($INDU) closed lower by 0.07%. Earnings…
The State Department says it is working swiftly to distribute tens of thousands of tons of food aid around the globe, pushing back on reports that the U.S. was preparing to incinerate hundreds of tons of stockpiled supplies before they could be delivered. According to figures shared with Fox News…
Defense Secretary Pete Hegseth said the Pentagon was ‘looking into’ a cloud computing program run by Microsoft utilizing foreign workers from China, which was criticized this week for potentially lacking adequate safeguards, which could provide the CCP easy access to classified defense data and systems. A ProPublica report released Tuesday…
A $250 million fraud scheme that exploited a federally funded children’s nutrition program during the COVID-19 pandemic has been described by FBI Director Kash Patel as ‘one of the worst’ in Minnesota history. The FBI director told Fox News in a statement that 70 people in Minnesota have been indicted…
The U.S. Environmental Protection Agency (EPA) said Friday it plans to reduce its workforce by 23% and close its research and development office. The loss of more than 3,000 employees comes after layoffs and incentives to leave the agency amid the Trump administration’s broad effort to streamline the federal government. …
Microsoft said it will cease using China-based computer engineering teams for work on Pentagon cloud systems and other classified systems after an investigation this week led to national security concerns at the highest levels over a program that Microsoft has used since 2016. A ProPublica report released Tuesday accused Microsoft…