Michelle Davenport Business Editor 
The Trump administration has directed billions in taxpayer funds to cancel offshore wind projects while simultaneously committing over a billion to sustain coal-fired power plants. These initiatives, executed since March, have sparked federal lawsuits and criticism from state regulators who argue the policies drive up electricity rates for consumers. TotalEnergies and the Federal Buyout of … Read more
Federal Reserve Chair Kevin Warsh has appointed venture capitalist Marc Andreessen to a task force examining how artificial intelligence impacts productivity and jobs. The appointment is part of a broader effort to reshape the central bank’s operations, with Warsh establishing five independent task forces to review institutional policies and monetary frameworks. This initiative, which Warsh … Read more
SpaceX shares, which debuted on June 12 at $135, have fallen 26% to $150 following an initial surge. While some analysts maintain bullish targets as high as $800 to $900, historical data on large-cap IPOs suggests potential for further volatility and a possible decline toward $104 as lockup periods for insider shares expire. SpaceX Reaches … Read more
SpaceX launched a Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Space Force Station at 5:25 a.m. EDT (0925 UTC) on July 9, 2026, marking the 36th flight for its most-flown booster. The mission, designated as Starlink 10-42, deployed 29 Starlink broadband satellites into low Earth orbit. The pre-dawn timing created a … Read more
Global financial markets shifted toward stability on Thursday, as oil prices retreated from recent highs and stock markets across Europe, Asia, and the United States saw gains. The recovery follows a period of volatility triggered by regional conflict in the Middle East and concerns over potential supply chain disruptions. Oil Market Volatility and the Strait … Read more
SK Hynix is preparing a roughly $28 billion American Depositary Receipts (ADR) listing on the NASDAQ this week, with demand for the offering exceeding available shares by more than seven times. The $28 Billion Liquidity Risk to AI Stocks The scale of the SK Hynix listing makes it the second-largest equity share sale globally, trailing … Read more
US stock markets fell Wednesday after President Donald Trump declared the ceasefire with Iran “over” during a NATO summit in Turkey. The announcement triggered a sharp surge in oil prices, with Brent crude jumping more than 5% to crest $80 a barrel, raising fears that renewed Middle East conflict could force the Federal Reserve to … Read more
Federal Reserve officials expressed conflicting views on future interest rate policy during their June 16–17 meeting, according to minutes released Wednesday. While the Federal Open Market Committee maintained the federal funds rate at 3.5%–3.75%, policymakers remain split on whether inflation pressures—driven by energy volatility and artificial intelligence demand—will necessitate further rate hikes or eventual cuts. … Read more
OpenAI will publicly release its GPT-5.6 Sol, Terra, and Luna models on Thursday, according to CNBC. The rollout follows a period of restricted access mandated by the U.S. government to assess model capabilities before a general public launch. The Staged Release of GPT-5.6 Sol, Terra, and Luna OpenAI announced the public expansion of its GPT-5.6 … Read more
George E. Johnson Sr., the pioneering entrepreneur who transformed the Black hair care industry and founded the first Black-owned company to trade on the American Stock Exchange, died Monday at his home in downtown Chicago. He was 99. His family confirmed the death, noting his profound influence on business and civil rights. From Humble Beginnings … Read more