Economy

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Economy Politics

US Cements Position as World’s Leading Oil Exporter Amid Global Supply Shifts

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Economy Politics

Warren Calls Foul on SpaceX’s Massive IPO Push

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Economy

Jeff Bezos Calls for Zero Federal Income Tax on Lower Earners, Sparking Debate in Tech and Business Circles

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Economy Trending

Treasury Is Already Designing a $250 Bill With Trump’s Face on It. There Is Just One Problem: It Is Currently Illegal.

Industrial Base Debate: During a Senate Armed Services Committee hearing on May 19, 2026, U.S. Senator Angus King (I-ME) fiercely rebuked a Pentagon budget proposal to build naval vessels—including destroyers—in South Korea and Japan. King blasted the concept as "the worst idea since the Red Sox traded Babe Ruth to the Yankees," warning that outsourcing critical defense infrastructure risks leaking sensitive American technology and directly starves domestic shipyards like Maine's Bath Iron Works of needed investment. While the Trump administration argues the proposal could quickly bolster fleet numbers amidst rising naval tensions with China, domestic lawmakers argue the move completely undermines ongoing efforts to rebuild America's industrial base. Photos: U.S. Senate Television (King); General Dynamics Bath Iron Works (Destroyer)
Economy Politics

Senator Angus King Blasts Pentagon Proposal to Outsource U.S. Warship Construction to South Korea and Japan

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Economy Technology

SpaceX Files Historic S-1 for IPO: $28.5 Trillion TAM Claim Signals Ambition to Dominate Space, Connectivity, and AI139

The Efficiency Wave: In one of the most coordinated corporate shakeups of the mid-2020s, Meta Platforms carried out a massive 10% workforce reduction on Wednesday, May 20, 2026. The layoffs, which eliminated roughly 8,000 jobs, were executed globally via localized emails hitting employee inboxes at exactly 4:00 a.m. in their respective time zones, starting in Singapore and rolling through Europe and North America. The sweeping cuts primarily targeted managerial, engineering, and product divisions, part of a calculated push to flatten the organization's corporate hierarchy and offset the company's aggressive, multi-billion-dollar capital expenditure on artificial intelligence infrastructure. Photo: Justin Sullivan / Getty Images
Economy Technology

Meta Begins Major Layoffs of Approximately 8,000 Employees as It Accelerates AI Transformation

Economy

South Korea Poised to Pull Ahead of Japan in GDP Per Capita by 2030, Analyst Projects

Economy Politics

Trump Still Wants to Inspect Fort Knox to Verify $700 Billion Gold Reserves Have Not Been Stolen

Economy Politics

Oil Prices Jump Over 3.5% to $104 a Barrel After US and Iran Reject Peace Proposals