economy

Michael Burry cites John Ioannidis's research essay while accusing OpenAI and Anthropic of using AI fears to build hype ahead of possible IPOs.

Niloy Chakrabarti Sep 15, 2026

Donald Trump has defended the Iran war as US diesel prices exceed $6 a gallon, oil remains above $100 per barrel, and rising borrowing costs threaten to deepen inflationary pressure.

Niloy Chakrabarti Sep 11, 2026

Donald Trump promises $5,000 dividend cheques to US voters if Republicans win the 2026 midterms as the country grapples with a $40 trillion national debt.

Niloy Chakrabarti Sep 10, 2026

Divorced spouses married at least 10 years can claim up to 50% of their ex-partner's Social Security benefits without consent, if they meet age and marital status requirements.

Niloy Chakrabarti Sep 08, 2026

In August, the US economy added 162,000 jobs, far surpassing expectations and fuelling speculation of a Federal Reserve interest rate hike in September, impacting stock market dynamics.

Niloy Chakrabarti Sep 04, 2026

US oil prices rose 1.3% despite Trump claiming control over the Strait of Hormuz amid escalating tensions with Iran and diverging data from ship-tracking service providers.

Niloy Chakrabarti Sep 03, 2026

President Trump sparked controversy by expressing positive sentiments about inflation, despite rising consumer prices and geopolitical tensions affecting the economy.

Robert Gorgonio Sep 01, 2026

The retirement earnings test could result in Social Security benefit garnishment for those working between ages 62 and 67, if earnings exceed the annual threshold of $24,480.

Niloy Chakrabarti Aug 26, 2026

Peter Schiff argues that rising gold prices and Treasury yields indicate waning confidence in US inflation control, predicting a sustained gold rally alongside a weakening US dollar.

Niloy Chakrabarti Aug 26, 2026

US crude oil inventories have dropped to a 50-year low due to Middle East conflicts, with the Strategic Petroleum Reserve declining by over 100 million barrels of oil from a year earlier.

Niloy Chakrabarti Aug 25, 2026

Robinhood CEO Vlad Tenev envisions AI-powered trading increasing US stock ownership to 95%. Automated investing is rising, with over 100,000 users adopting hands-free trading accounts.

Niloy Chakrabarti Aug 24, 2026

A sailor aboard the USS Abraham Lincoln reportedly described harsh conditions during an extended deployment, including food shortages and emotional strain, raising questions about the limits of prolonged naval missions.

Niloy Chakrabarti Aug 14, 2026

Sam Altman, CEO of OpenAI, went from rejecting a Goldman Sachs internship to leading a top AI company now preparing for a potential IPO with Wall Street's help.

Niloy Chakrabarti Aug 13, 2026

Mark Zuckerberg's superyacht, Launchpad, was at the centre of a viral Alaska rescue story after reportedly not responding to a Coast Guard call, while the Wilderness Legacy came to the rescue.

Niloy Chakrabarti Aug 10, 2026

Under Greg Abel, Berkshire Hathaway has taken a bold approach, including a $10 billion stake in Alphabet and an $8.5 billion acquisition of Taylor Morrison, diverging from Warren Buffett's caution.

Niloy Chakrabarti Aug 10, 2026

Michael Burry reveals short positions against Oracle and Nebius, alleging that cloud companies are understating depreciation by extending the useful life of assets by artificially boosting earnings.

Niloy Chakrabarti Aug 07, 2026

Electronic Arts faces optimism and employee concern as it goes private, with $700 million in cost cuts after a $55 billion buyout led by Saudi Arabia's PIF.

Niloy Chakrabarti Aug 06, 2026

OpenAI settles with the DOJ for $3.2M over allegations of favoring foreign workers and will update recruitment practices to ensure fair opportunities for US candidates.

Niloy Chakrabarti Aug 06, 2026

SpaceX's stock dropped nearly 10% despite a surge in Q2 revenue and AI earnings. Explore the impact of rising AI capital expenditure and the upcoming insider share-lockup expiry on the stock market.

Niloy Chakrabarti Aug 05, 2026

Jeff Bezos plans to sell 15 million Amazon shares worth $4.07 billion, which could be a drag on the robust stock rally after a Q2 earnings beat.

Niloy Chakrabarti Aug 04, 2026

Michael Saylor's Strategy sold Bitcoin worth millions to manage capital, while Saylor maintains his personal BTC holdings. Learn about the impact on Bitcoin prices and investor reactions.

Niloy Chakrabarti Aug 04, 2026

Apple's record June quarter sees iPhone sales soar, but supply chain constraints and investor concerns loom. Discover how Apple's diversification efforts are challenged by reliance on its flagship product.

Niloy Chakrabarti Jul 31, 2026

OpenAI CEO Sam Altman warns of potential cybersecurity risks as AI becomes integral to business operations, emphasising the need for responsible deployment and robust cybersecurity measures.

Niloy Chakrabarti Jul 31, 2026

Mark Zuckerberg argues that AI should empower individuals and fuel innovation instead of eliminating jobs, while advocating for widespread access.

Niloy Chakrabarti Jul 29, 2026

Micron Technology's stock fell sharply amid a semiconductor sell-off driven by AI spending concerns and Chinese competition, with CEO Sanjay Mehrotra selling shares before the decline.

Niloy Chakrabarti Jul 29, 2026

The Social Security Administration will issue August SSI payments a day early this year on 31st July, as the scheduled payment date falls on a weekend.

Niloy Chakrabarti Jul 28, 2026

Porsche to cut 5,000 additional jobs by 2035 amid declining demand and competition, while investing $2.39 billion in key facilities and site protection to protect profitability and navigate industry shifts.

Niloy Chakrabarti Jul 28, 2026

The US Department of Justice's $3.3 million settlement with major egg producers over antitrust allegations faces criticism for being too lenient, as companies report billion-dollar profits amid high egg prices.

Niloy Chakrabarti Jul 27, 2026

Elon Musk denies racism allegations, defending his views on immigration and multiculturalism, while acknowledging that he got too involved in politics.

Niloy Chakrabarti Jul 24, 2026

The revised CLARITY Act aims to prevent US officials and their spouses from issuing or sponsoring cryptocurrencies, addressing potential conflicts of interest and enhancing transparency in crypto investments.

Niloy Chakrabarti Jul 23, 2026