The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on Wall Street. For years—decades even—the spiraling trajectory of U.S. debt fueled dire warnings, which investors consistently brushed off as low borrowing costs helped turbocharge epic stock gains. Meanwhile, the debt pile galloped higher, interest costs
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some
There once was a time when most cars on the road did not have air bags as a standard under federal law. It took until 1998, in fact, for every vehicle on the round to have an airbag as required by federal law — that’s over 100 years after the invention of the first automobile and
Warner Bros. has teamed with the AI dog podcast “DogPack” to promote its upcoming sci-fi action film “The End of Oak Street.” The 90-second podcast clip, hosted by an AI golden retriever named Goldie and an AI French bulldog named Frenchie, features an interview with Starbuck, who plays Anne Hathaway and Ewan McGregor’s dog in
Ugandans are mourning the death of one of the country’s best-known footballers after he was beaten to death by suspected robbers near his home in the capital, Kampala. Police said David Owori was fatally assaulted after resisting an attempt to steal his mobile phone and other belongings, prompting an outpouring of grief and renewed public
SpaceX grew revenue 92% to $7.8 billion in the second quarter, powering past Wall Street’s consensus estimate of approximately $6.9 billion in what marks the rocket-and-connectivity giant’s first earnings report since its June debut on the Nasdaq. The company reported a net loss of $541 million, or 9 cents a share—a marked improvement from a