Author: Editor-In-Chief

Customers shop at Handy Market on May 14, 2026 in Burbank, California.Justin Sullivan | Getty ImagesInflation rates released Wednesday are expected to cross another uncomfortable threshold as the cost of living continues to rise for U.S. consumers.If the Wall Street consensus is correct, consumer price index inflation is expected to rise at an annual rate of 4.2%, up from an expected monthly increase of 0.5% in May. If that happens, it will be the first time since May 2023 that the CPI has exceeded 4%, and the highest since April of the same year.Of course, much of the rise in…

Rivian CEO and founder RJ Scaringe (right) speaks with longtime employee and engineer Max Koff during the company’s R2 SUV launch event on June 2, 2026 in Park City, Utah.Michael Weiland/CNBCPARK CITY, Utah — Rivian CEO RJ Scaringe is actively touring the display of the electric car maker’s new R2 SUV.The company’s founders are moving quickly from the EV’s suspension and software systems to a variety of R2 models that will soon reach U.S. consumers, including an entry-level model priced at about $45,000 that Rivian announced Tuesday will be delayed from late 2027 to next summer.But Scaringe, speaking to employees…

SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments for the reusable Crew Dragon spacecraft at SpaceX headquarters in Hawthorne, California, October 10, 2019. Philip Pacheco | AFP | Getty Imagesthere is nothing space xIPO is normal. The rocket maker aims to raise a record amount of money at a historic valuation by a wide margin, and will be led by Elon Musk, who is also the company’s CEO. teslaanother trillion dollar company. As for the structure of the stock sale, SpaceX is offering a range as is customary for IPOs, offering a…

Jeffrey Epstein’s former assistant Leslie Groff (C) arrives to testify at a closed session of the House Oversight Committee at the Capitol in Washington, DC, on June 9, 2026. Chip Somodevilla | Getty ImagesLeslie Groff, former executive assistant to notorious sex offender Jeffrey Epstein, began transcribing a closed-door interview with the House Oversight and Government Reform Committee Tuesday morning.Mr. Groff attended the committee meeting the day before. microsoft Co-founder Bill Gates is also scheduled to speak before the same committee, which has spent months interviewing various high-profile figures connected to Epstein.”I have never seen anything inappropriate,” Groff told the committee,…

With SpaceX looking to break records with Friday’s IPO, Anthropic looking to break records with its pending IPO, and OpenAI vying to match or surpass its nemesis with its own potentially record-breaking IPO, the tech world may soon have a new public company champion. If all these IPOs go as planned, these companies will replace the sinister-sounding FAANG cabal — Facebook (now Meta), Amazon, Apple, Netflix, Google (now Alphabet) — with the fun-sounding (though truly sour and diabolical if consumed prematurely) fanzine Mangos (Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX). As these companies move forward, so will the entire technology industry.…

Existing home sales rebounded more than expected in May after mortgage rates fell slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted annual rate of 4.17 million units, according to the National Association of Realtors. Economists had expected growth of less than 1%. Sales also increased by 3.2% from the previous year, the fastest pace since December.Because this tally is based on closings, the deal was likely signed in April, when mortgage rates had fallen slightly from their spike in early March due to the war with Iran. “Improving affordability is driving this…

Apple’s pullback after Monday’s Worldwide Developers Conference keynote doesn’t shake our confidence in the stock. However, we are not in a hurry to buy on the spur of the moment. “We’re not going to trade Apple. That’s not something you should trade (the stock),” Jim Cramer said at the CNBC Investment Club’s morning meeting on Tuesday. He also cautioned investors to view dips as buying opportunities given the recent rally, noting that “we can’t bottom out here.” Apple shares fell another 3% on Tuesday, adding to a nearly 2% drop in the previous session. The stock was up about 3%…

President Donald Trump on Tuesday accused Iran of shooting down an Apache helicopter patrolling over the Strait of Hormuz and said the United States would “respond.”In a post on Truth Social, President Trump wrote that the two pilots involved in the attack were “safe and uninjured.” “Nevertheless, the United States must necessarily respond to this attack.”President Trump did not say what the U.S. response would be. But his post suggested that tensions with Iran were escalating again, even though he had claimed hours earlier that a deal could be reached with Tehran as soon as this week.President Trump said late…

The US president said that although the pilot had been rescued, Washington “inevitably must respond to this attack.”President Donald Trump has accused Iran of shooting down a US military helicopter over the Strait of Hormuz and said he would respond to the attack.”Last night, we were informed by our great military that Iranian forces shot down one of our highly sophisticated Apache helicopters while patrolling the Strait of Hormuz,” President Trump said in a social media post on Tuesday.”There were two pilots involved, both of whom were safe and uninjured. Nevertheless, the United States must inevitably respond to this attack.”President…

london — A knife attack in Belfast, Northern Ireland, caught on graphic video, has shaken the local community and been condemned by British Prime Minister Keir Starmer as “horrifying”. Local police announced on Tuesday that they had arrested a Sudanese man in his 30s on suspicion of attempted murder following an attack that left another man hospitalized in critical condition. Police initially described the suspect as a Somali national, but later confirmed in an updated statement that he was Sudanese. Much of Monday night’s attack in north Belfast was filmed by witnesses and has since gone viral on social media.…