The United States’ national deficit and trade policies are causing concern on Wall Street, with investors selling off government bonds in a “Sell America” trade. The Treasury department paid more than expected to borrow $20 billion in bonds, leading to a surge in interest rates above 5%. This increase is damaging to the economy, as … Read more
The University of Michigan’s ZEUS laser facility has achieved a record-breaking peak power of 2 petawatts, surpassing all other lasers in the US. This milestone marks the beginning of experiments that will push the boundaries of high-intensity laser science. ZEUS is a user-friendly facility that welcomes research teams from across the country and around the … Read more
Toronto Maple Leafs president Brendan Shanahan’s future with the team hangs in the balance after a second-round series loss to the Florida Panthers. The Maple Leaf Sports & Entertainment board of directors will meet Thursday as part of the organization’s end-of-season review, and sources indicate that ownership is concerned about progress made this season. A … Read more
The New Jersey Health Department has issued an alert warning that anyone who attended the Shakira concert on Thursday night at MetLife Stadium may have been exposed to measles. A non-New Jersey resident infected with the disease was present at the May 15 event. The department is urging individuals, particularly parents, healthcare providers, and caregivers, … Read more
The Trump administration has confirmed that the US Mint will stop producing pennies when its current stock runs out. The decision comes after a sharp increase in production costs for pennies, which have risen by 20% in 2024. By phasing out the penny, the Treasury expects to save $56 million annually on reduced material costs. … Read more
UnitedHealth Group has had its fair value estimate cut to $473 per share from $530 due to increased scrutiny of the company’s Medicare Advantage and other business practices. The Centers for Medicare and Medicaid Services plans to regulate the Medicare Advantage market more closely, which could result in a significant clawback of overpayments made to … Read more
China’s BYD has outsold Tesla in Europe for the first time, despite steep tariffs, according to data from JATO Dynamics. The Chinese automaker saw a nearly 170% increase in battery-powered car sales in April, surpassing the growth of all electric cars. BYD sold 7,231 fully battery-powered cars in Europe last month, while Tesla sold 7,165. … Read more
Apple has been slow to develop an effective AI strategy, with its high-end Vision Pro headset failing to gain traction among consumers. Meanwhile, rival companies like Meta and OpenAI are making moves in the AI glasses market. Meta’s Ray-Ban glasses have proven popular, with a new version featuring a small display reportedly in development. A … Read more
Elon Musk has committed to leading Tesla for the next five years, saying he would only stop running it “if I’m dead.” This renewed focus on the electric-car maker comes as the company faces challenges such as falling sales and growing competition from rivals like BYD. Former employees of Musk’s companies spoke with Business Insider … Read more
Warhammer 40k: Boltgun 2 is coming to the PS5 in 2026. The sequel promises more of the same action-packed gameplay as its predecessor, with a focus on dominating battles and using formidable weapons. The new game features fan-favourite enemies like Nurglings and Chaos Cultists, as well as new foes that will challenge players. While some … Read more