U.S. News
Nvidia’s 70% growth forecast puts it on track to become tech’s No. 2 company by revenue
“Our demand is much greater than 70%,” CEO Jensen Huang said on the earnings call.
Republicans are dismissing affordability. That could be a problem in November
President Donald Trump quipped that affordability was “devised” by Democrats, while Vice President JD Vance said groceries “cost what they cost.”
Salesforce stock jumps 12% on AI growth and Anthropic investment gain
Salesforce’s Anthropic stake led to higher profit in the latest quarter.
Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Analysts expect the company to launch new iPhones and Apple Watches at the event, including the company’s first folding phone
SpaceX is ‘attractively valued’ after $100 billion Louisiana spaceport plan, Morgan Stanley says
Investors aren’t appreciating the full scope of the rocket maker’s plan to build a $100 billion spaceport in Louisiana.
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
Hyundai has grown more than any automaker in the U.S. — and it’s not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
Iran says the U.S. is standing in the way of Hormuz deal amid talks with Oman
Iran and Oman are approaching a deal to secure safe transit through the Strait of Hormuz and future administration of the vital economic artery.
Instagram chief Mosseri says in social media addiction trial he doesn’t tell team to ‘hide anything’
Instagram chief Adam Mosseri testified during a federal trial that he doesn’t direct employees to withhold information that could pose legal risks to Meta.
Here’s why markets are starting to care about the 2026 election 10 weeks out
Wall Street analysts are tuning in 10 weeks ahead of the Nov. 3 election with concerns about risks to investors depending on how the U.S. results turn out.
SpaceX plans to build a $100 billion spaceport in Louisiana
SpaceX plans to establish its Starbase, LA in Vermilion Parish, which will “support thousands of launches annually.”
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