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The Bank for International Settlements says the AI infrastructure boom could become a financial-stability problem if returns disappoint. Its warning focuses on debt, private credit, data centers and a $1 trillion spending race by major hyperscalers.
SpaceX is set to join the Nasdaq-100 on July 7, forcing index-linked funds to buy shares and giving many US investors indirect exposure through retirement and brokerage accounts.
Global oil prices fluctuated after weekend military clashes between the U.S. and Iran disrupted the gradual reopening of the critical Strait of Hormuz shipping corridor.
Meta has invested $900 million in Indian fintech startup CRED, taking a 20 percent stake, while appointing its founder Kunal Shah as the new global head of WhatsApp.
Alan Greenspan, the dominant former chairman of the Federal Reserve who guided the U.S. economy through two decades of historic growth but later faced severe criticism for setting the stage for the 2008 financial crisis, has died at the age of 100.
Mortgage rates dropped to 6.47% following an Iran peace agreement, but a subsequent hawkish pause by the Federal Reserve sparked a brief afternoon spike.
Mars will launch an all-natural, dye-free version of M&M's this August, temporarily removing blue and brown pieces due to high costs and factory equipment issues with spirulina dyes.
New York is sending more than $2 billion in STAR property tax relief to nearly 3 million eligible homeowners this summer and fall.
Mortgage rates rose to 6.52% as inflation, jobs data and Fed expectations put new pressure on U.S. buyers before the June meeting.
Fixed mortgage rates pulled back sharply over the weekend, offering unexpected relief to buyers after weeks of climbing to multi-month highs.
The Social Security Administration is sending the final May 2026 payments this week, including checks for recipients born later in the month. Millions of retirees and SSI beneficiaries are closely tracking the schedule as household costs remain high.
A viral lawsuit alleging a JPMorgan executive turned a subordinate into a 'sex slave' is facing intense scrutiny as the accuser is unmasked and the defense claims the story is a total fabrication.
