News Updates

News Updates

2024 presidential race narrows after Super Tuesday

There are some updates to the 2024 presidential race following Super Tuesday results. Minnesota Rep. Dean Phillips, the long-shot Democratic hopeful, is now out of the race. Phillips endorsed Biden while noting that time “slows all of us down a bit, including presidents.” That only leaves spiritual adviser Marianne Williamson

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US economy on firmer footing heading into first quarter

U.S. economic growth in the fourth quarter was lowered slightly, but its composition was much stronger than initially thought, which bodes well for the near-term outlook even as activity got off to a weak start because of freezing temperatures. The Commerce Department’s slight downward revision to gross domestic product growth

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House conservatives demand delay on government funding February 27, 2024

Republican infighting could cause a government shutdown this Friday. Congress failed to release compromise appropriations bills on Sunday, as Speaker Mike Johnson (R-La.) faces increasing pressure from House conservatives. Since becoming speaker, Johnson has cut two spending deals with Democrats, something that cost Kevin McCarthy the speakership last year.

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Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street

Nvidia ( NVDA ) hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom. The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday – Wall Street’s largest

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Biden announces another round of student loan forgiveness

The White House has announced a new round of student debt relief as the administration tries to work around the Supreme Court. Yesterday, the White House said it was canceling $1.2 billion worth of loans – relieving debt for over 150,000 people. Last year, the Supreme Court shot down Biden’s

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