The move comes after the U.S. and Iran exchanged fire for the third weekend in a row, raising the specter of a return to all-out war after a shaky ceasefire took effect in June.
Data: FactSet; Note: As of June 30, 2026 market close; Table: Matt Phillips/Axios The market's giant winners this year — memory-related stocks — also look ridiculously cheap. Why it matters: Their low price-to-earnings multiples reflect the market's worries that the current boom times won't last. Yes, but: Some analysts argue that this time is different because of the arrival of AI as a giant new source of demand for memory. They say the market should start valuing memory shares more like other tech companies. - If the memory bulls are right, it could keep the market climbing. Case in point: Take SK Hynix, the South Korean memory chipmaker and market darling that soared more than 500% over the last year. - It just raised $26.5…
Data: U.S. Treasury Monthly Treasury Statement (net customs duties) ; Chart: Courtenay Brown/Axios Corporate America is getting an accidental stimulus. Billions of dollars collected through court-invalidated tariffs are flowing back to businesses confronting stubborn cost pressures. Why it matters: The refunds amount to a reversal of the tariff shock that squeezed profits and raised prices in the first place. - Companies that have discussed their plans say they generally expect to use the money to offset inflation rather than generate much new economic activity. Many will absorb higher costs tied to the Iran war and future tariffs — and, in some cases, cut consumer prices. What they're saying: PepsiCo chief financial officer Steve…
A federal judge lambasted and penalized the attorneys behind President Trump's settlement with the IRS, saying in an explosive Monday order that the case was a means to an end: judicial cover for a deal granting Trump audit immunity and creating his controversial anti-weaponization fund. The big picture: The $1.776 billion pot of money, born from the Trump settlement , created an avalanche of bipartisan concern and legal scrutiny. What she's saying: U.S. District Judge Kathleen Williams sanctioned the lawyers, deeming the lawsuit to have been "improperly employed" to justify the settlement fund. - The "action was never about a party seeking judicial resolution of a legal issue or a factual dispute," she wrote in her scathing order. -…
This was the purpose of the whole stunt, prominently connecting the name Ro Khanna with the phrase "presidential candidates" in the establishment newsletter.
Rick de la Torre explains what the MKUltra program was, how long it lasted, how it was implemented and why there are still questions about the program over 50 years after it was ended. Watch this full episode of "The Truth of the Matter": https://youtu.be/XSPWIX9p9VA #MKUltra #CIA #experiments
South Carolina Sen. Tim Scott joins NewsNation Live to discuss his longtime friendship with and memories of Sen. Lindsey Graham, who died suddenly Saturday. Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
Some of America's farmers and ranchers say artificial intelligence may be as big of a threat to their livelihood and industry as weather and rising costs. They're not worried about AI taking their jobs, but their natural resources.