This CNBC article, published last week, talks about how the U.S. federal government has just shut down. The shutdown started after Congress failed to reach an agreement on a funding bill before the deadline. The article goes on to talk about the immediate impacts on federal workers, disruptions to non-essential government services, and the...
This CNBC article from earlier today discusses how OpenAI CEO Sam Altman thinks that the artificial intelligence market might be in a bubble. Altman compared today's AI enthusiasm to the dot-com bubble of the late 1990s, where inflated valuations led to a market crash. Altman acknowledged the revolutionary potential AI has, but cautioned that...
As reported in this Reuters article, President Donald Trump just signed a sprawling legislative package of tax cuts and federal spending reforms. The legislation, named the "One Big Beautiful Bill Act," passed after weeks of negotiations and razor-thin House and Senate votes. This bill is Trump's first big legislative achievement of his second...
As reported in this CNN article, the Federal Reserve decided yesterday to hold rates between 4.25% and 4.50%. President Trump, who has called for major Federal Reserve rate cuts, was disappointed in the Fed's decision. In a Truth Social post, Trump said that rates should be cut by 2.5 percentage points–equivalent to ten standard rate cuts. Trump...