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Automatic U.S. military draft registration planned by December, filing shows
Stocks News

Automatic U.S. military draft registration planned by December, filing shows

The Selective Service System plans to automatically register eligible American men between ages 18 and 26 for a U.S. military draft by the end of 2026. The proposal would implement a requirement passed by Congress to include automatic registration for “every male citizen of the United States” between those ages. There has not been a […]

Amazon CEO Jassy defends $200 billion AI spend: "We're not going to be conservative"
Stocks News

Amazon CEO Jassy defends $200 billion AI spend: "We're not going to be conservative"

Amazon CEO Andy Jassy released his annual shareholder letter, where he once again made the case for huge investments in artificial intelligence. The corporation has stated it expects to spend roughly $200 billion on capital expenditures this year, with the lion’s share going toward AI development. Jassy wrote that AI revenue in its cloud computing […]

Meta's long-awaited AI model is finally here. But can it produce cash?
Stocks News

Meta's long-awaited AI model is finally here. But can it produce cash?

Muse Spark, Meta’s first major latest AI model in over a year, landed this week, the company’s biggest effort yet to show value from its massive investment in Scale AI co-founder Alexandr Wang. Meta’s shift from open-source AI to proprietary models comes with business implications, as the firm needs to find a path to recent […]

How 'married filing separately' status could affect Trump tax breaks this season
Stocks News

How 'married filing separately' status could affect Trump tax breaks this season

Married couples file taxes jointly or separately, which could affect recent tax breaks enacted via President Donald Trump’s “big beautiful bill.”  Generally, the tax code favors the “married filing jointly” status, which combines a couple’s income, credits and deductions on a single return. By filing separately for 2025, you could lose eligibility for the tip […]

Iran attacks on crucial Saudi pipeline and production facilities slash kingdom's oil output
Stocks News

Iran attacks on crucial Saudi pipeline and production facilities slash kingdom's oil output

Saudi Arabia’s key pipeline to reroute oil away from the Strait of Hormuz came under attack by Iran recently. The attack has cut throughput in the pipeline by 700,000 barrels per day. Attacks on Saudi’s Manifa and Khurais production facilities have slashed the kingdom’s output by 600,000 bpd. Saudi Arabia’s critical pipeline to the Red […]

U.S. Postal Service seeks hike in price of first-class mail stamps to 82 cents in July
Stocks News

U.S. Postal Service seeks hike in price of first-class mail stamps to 82 cents in July

First-class mail stamps would growth from 78 cents to 82 cents effective July 12 if the proposal by the U.S. Postal Service is approved. USPS is experiencing a “severe financial crisis” and is on track to run out of cash by February 2027, according to the agency. The proposal comes weeks after the Postal Service […]

Many on Wall Street saw this 'TACO' coming as Trump's brinkmanship starts to lose grip on sector
Stocks News

Many on Wall Street saw this 'TACO' coming as Trump's brinkmanship starts to lose grip on sector

The “TACO” trade — TACO being shorthand for Trump Always Chickens Out — has increasingly shaped positioning. Each bout of geopolitical-driven selling has become progressively more muted since April 2025. This also touches on aspects of bear market. The market’s growing confidence is also raising a latest question: What happens if markets stop acting as […]

Jeff Shell leaves Paramount after allegations of SEC violations; organization calls claims 'baseless'
Stocks News

Jeff Shell leaves Paramount after allegations of SEC violations; organization calls claims 'baseless'

Paramount President Jeff Shell is leaving his position after a lawsuit accused him of violating SEC rules. This also touches on aspects of bear market. The corporation commented in a statement that the claims were “baseless.” Shell previously departed his role as NBCUniversal CEO in 2023 after he admitted to having an “inappropriate relationship” with […]

Gas prices should soon start slowly easing if ceasefire holds, analysts say
Stocks News

Gas prices should soon start slowly easing if ceasefire holds, analysts say

The average national price of gas per gallon was $4.16 on Wednesday, up from below $3 before the Feb. 28 start of the war with Iran. Consumers may see prices come down somewhat in the next couple of weeks if the ceasefire between the U.S. and Iran holds. If the break in fighting doesn’t work […]

Pirro's Powell probe faces a difficult road to appeal, former prosecutors say
Stocks News

Pirro's Powell probe faces a difficult road to appeal, former prosecutors say

A criminal investigation into Federal Reserve Chair Jerome Powell is holding up the confirmation of Kevin Warsh, the nominee to replace Powell. A federal judge recently quashed U.S. Attorney Jeanine Pirro’s subpoenas to the Fed, calling the investigation’s future into question. Pirro has noted she will appeal. Former federal prosecutors with appeals experience say her […]

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