Elon Musk has reacted after Democrats swept Congress in the 2026 midterm elections. Democrats will take control of the House and the Senate in January, NBC News projected. The party has so far flipped seven Senate seats in Iowa, Kansas, Ohio, Maine, North Carolina, South Carolina and Texas. Elon Musk roasts his own election spending … Read more
US midterm election spending is expected to reach a record $11.9 billion in 2026. Rich individuals, political groups and campaign teams are spending billions of dollars to support candidates across the country. This will make the 2026 midterm elections the most expensive in US history. Elon Musk leads billionaire donations as US midterm election spending … Read more
Google, Microsoft and Amazon will report their quarterly earnings this week. Investors will watch how much money these companies are spending on artificial intelligence (AI) and whether this spending is helping them make more money. Google, Microsoft and Amazon face pressure to show returns on their AI investments. (REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS) These three technology … Read more
US mortgage rates may remain above 7% through 2027. Major housing groups expect mortgage rates to stay high for an extended period, making home loans expensive for Americans who want to buy houses. Fannie Mae forecasts that mortgage rates could average 7.5% in 2027, while the Mortgage Bankers Association expects rates to remain above 7% … Read more
Bitcoin fell below the $80,000 mark on Monday as investors became more cautious ahead of a key Federal Reserve meeting. Concerns over heavy spending on artificial intelligence (AI), rising oil prices and uncertainty in global markets also put pressure on cryptocurrencies. Bitcoin falls below $80,000 as Fed meeting fears, AI spending concerns and oil prices … Read more
Apple and Nvidia are among the biggest stocks weighing on the S&P 500. Apple and Nvidia may be competing again to become the world’s most valuable company, but the recent weakness in the biggest US stocks is holding back the broader stock market. Apple, Nvidia and other megacap stocks face pressure as AI spending fears … Read more
A US federal judge has ordered the Trump administration to cancel remaining television advertisements funded with $20 million in taxpayer money, ruling that the government cannot continue airing the disputed commercials while a temporary court order remains in effect. Trump govt ordered to cancel taxpayer-funded TV ads. (AP Photo) US District Judge Jennifer L. Rochon … Read more
The government is also spending more on servicing its debt as high interest rates increase borrowing costs. Russia is preparing to cut spending on welfare, education and healthcare in its 2027 federal budget while raising taxes, as the government struggles to meet the rising cost of its war in Ukraine, according to fiscal documents reviewed … Read more
Anthropic is preparing for a huge IPO that could value the AI company at more than $2 trillion. The planned public offering would be one of the biggest tests yet of how investors value leading AI companies. Anthropic IPO faces questions over its $2 trillion valuation, huge losses and massive AI spending. (REUTERS/Carlos Barria/File Photo) … Read more
Redditor shares struggles adjusting in India after living in the US for years. A Redditor who came back to India six months ago after spending years in the US shared the feeling of loneliness in India, even though he moved closer to his family and the relocation was also because of his family. While many … Read more