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The rally has been built on profits—not rising valuations.
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New York City Council announces probe into prediction market platforms' marketing strategies CNBCNew York City Launches Sweeping Investigation Into Polymarket and Kalshi WSJNew York City Probes Prediction Markets Over Ads, Social Harms Bloomberg.comNYC Council probes prediction market advertising By Investing.com Investing.com UK
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Primary Elections Live Updates: Crowley, a Moderate Democrat, Defeats Hong in Wisconsin Primary for Governor The New York TimesFive key takeaways from this week's primaries in Minnesota, Wisconsin and beyond as midterms approach The GuardianThe far left hits a wall PoliticoElection Takeaways: Democratic Drama and a Trump Slump WSJ
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Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed's job.
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The Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says cnbc.comUS Sees Iran War Oil Supply Disruptions Lasting Through 2027 Bloomberg.comHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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Iran war live: US fires on ship for defying blockade as Trump claims Hormuz control independent.co.ukThe Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBCHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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Asian Stocks to Slip With US CPI, Iran in Focus: Markets Wrap Bloomberg.comAn inflation report Wednesday should be a big deal for the Fed. Here's what to expect CNBCStock market today: Dow and S&P 500 futures muted ahead of CPI data, Nasdaq rises finance.yahoo.comInflation is expected to cool again in today's July CPI report Business Insider
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David Crowley boosts Democratic establishment with Wisconsin primary win over democratic socialist Francesca Hong CNNAnother Democratic nail-biter in Wisconsin and other takeaways from Tuesday's primaries CNNSeveral states held primary elections Tuesday. Here are some takeaways NPRThe far left hits a wall Politico
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Trump says Secret Service and the military wanted him off Air Force One in Turkey due to threat AP NewsTrump Administration Live Updates: President Pins Plane Swap on Secret Service and Military The New York TimesFirst Thing: Anger after Trump's secret flight swap appears to offer up staff and media as decoys The GuardianClose Trump aides — but no Cabinet officials — made secret catering truck move The Washington Post
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Live Updates: Strait of Hormuz traffic falls to new low as Iran-backed Houthis kill 6 in Red Sea, authorities say CBS NewsAugust 11, 2026 - Middle East conflict latest CNNOil prices rise after ship attacks, US-Iran talks deadlock ReutersOil Holds Gain as Pakistan Says US and Iran Close to Hormuz Deal Bloomberg.com
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Sophie Cunningham, Caitlin Clark respond to Fever coach Stephanie White's pregame rant Fox NewsWhite rips critics, backed by Clark, Cunningham after fans boo ESPNCaitlin Clark defends Fever coach Stephanie White after boos USA TodayFever coach Stephanie White addresses latest WNBA controversy, says divisiveness ‘will not win' The Boston GlobeFe
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Total solar eclipse Aug. 12, 2026 live updates SpaceLive updates: Rare total solar eclipse set to sweep through parts of Europe CNNSolar Eclipse Live Updates: Europe Counts Down to Watch Its First Total Eclipse in Decades The New York TimesEleven-year-old astronomy superfan shares eclipse top tips bbc.comSolar eclipse: What to know about the total eclipse on Wednesday Le Monde.fr
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David Ellison Floats Hollywood Exit as States Threaten His Warner Bros. Deal The New York TimesDavid Ellison Has Gamed Out His California Exit puck.newsParamount warns it's considering leaving California over antitrust fight PoliticoWGA Responds To David Ellison's Threat To Pull Paramount From CA DeadlineEllison to Move Paramount Out of California if
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Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?
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The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.
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Daniel Garnier, founder of Signs by G, says he's now focused on building the internal systems that will take his company to the next level.
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Why the historic U.S.-Japan intervention has failed to halt the yen's slide cnbc.comWhy Japan Is Struggling to Prop Up the Yen, Even With US Help Bloomberg.comYour move, BoJ Financial TimesUSD/JPY Has Been a Big Mover on US CPI Data - Will Tomorrow Force a Repeat?
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Friend of Malcolm-Jamal Warner's widow starts GoFundMe amid estate battle, says it will ‘honor' late star's wishes pagesix.comFriend of Malcolm-Jamal Warner's Widow Makes GoFundMe to Support Her amid Estate Legal Battle People.comMalcolm-Jamal Warner's Widow Is Suing His Mother For $1.2 Million Over A Prenup He Never Finished Funding thewealthadvisor.comClose friend of Malcolm-Jamal Warner's widow launches GoFundMe to support her as legal battle over his estate continues Yahoo
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Fever coach Stephanie White launches fiery defense of herself after Sophie Cunningham hit Fox NewsFever's White rips critics, says she 'will always stand by' players ESPNFever coach fires back at critics after Sophie Cunningham-DiJonai Carrington incident: 'Go to hell' CBS SportsFever president sends blunt Stephanie White message amid calls for firing Yahoo Sports
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Trump Threatens to Take Federal Action to Block Mamdani's Pied-à-Terre Tax wsj.comTrump says NYC pied-à-terre tax 'must be stopped,' eyes federal block CNBCHow a Staten Island Lawsuit Is Challenging Mamdani's Second-Home Tax The New York TimesJudge orders pause of Mamdani's pied-à-terre tax rollout after homeowners sue. NYC says it will appeal ruling CNN
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Nvidia's new partnerships with financial players help mitigate concerns that the company is too tightly linked to its customers, according to BofA and Morgan Stanley.
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Nvidia, Blackstone, Goldman Sachs and other major firms are nearing a deal to fund AI infrastructure. Nvidia's stock dropped anyway.
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What to know about Trump's Patriot Games for high school athletes BBCWATCH: President Trump lands in Cleveland to attend Patriot Games in Geneva FOX 8 NewsTrump's Patriot Games are billed as a youth sports contest. They're also a test of patriotic branding CNNPat McAfee attends sporting event with President Trump wearing jeans and a backwards cap Fox News
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NWS confirms 3 EF-1 tornadoes hit Chicagoland Tuesday morning WGN-TVChicago weather today: 3 tornadoes, derecho down trees, cause flooding, damage in Mokena, Crete, Monee, Orland Park, Flossmoor ABC7 ChicagoChicago, Cincinnati rocked by storms with 100 mph winds The Weather Channel
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At least 3 tornadoes touched down during derecho Tuesday, NWS says NBC 5 ChicagoChicago weather today: 3 tornadoes, derecho down trees, cause flooding, damage in Mokena, Crete, Monee, Orland Park, Flossmoor ABC7 ChicagoTornados near Chicago, deadly storms kill at least three, knock out power The Jerusalem Post
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Move may exempt performance-related pay for staff at likes of Jane Street and Citadel Securities
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 Dick's Sporting Goods reported a 23% decline in quarterly profit and lowered its earnings outlook on Tuesday, citing an uptick in retail theft.
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Main image:
THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called 'dynamic scoring'. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth would produce more tax revenue. During the hearings, however, came an awkward moment. Alan Greenspan, then in charge of the Federal Reserve, told Congress that macroeconomic models were 'deficient'. That is, their predictive power, though interesting, was not good enough to rely on. Last year, after the election of Donald Trump, your blogger contacted Mr Greenspan to see whether the models were good enough yet. Mr Greenspan, his office responded, had not yet changed his opinion.Neither have Republicans. Over the past two decades, in and out of control of Congress, the party has nudged dynamic scoring successively closer to the official policy process until we arrived, yesterday evening, at as dramatic a moment as macroeconomic analysis ever gets. The Joint Committee on Taxation, the nonpartisan Congressional body responsible for evaluating tax proposals, hurried its study (PDF) out on a Thursday afternoon as the Senate was preparing to approve a tax cut. That cut, ...
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