Amazon Buys Globalstar in $11.57 Billion Deal to Strengthen Its Satellite Push Against Starlink
Amazon has agreed to acquire satellite company Globalstar in an $11.57 billion deal, a major move that strengthens its effort to challenge Elon Musk’s Starlink in the fast-growing market for satellite-based connectivity. The acquisition gives Amazon control of Globalstar’s direct-to-device satellite technology and adds its existing two dozen satellites to Amazon’s broader low-Earth-orbit network, which […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
NATO Allies Reject Trump’s Iran Port Blockade and Push Separate Plan to Reopen Hormuz
A new split has opened inside the Western alliance over how to respond to the Iran war and the disruption of shipping through the Strait of Hormuz. NATO allies including Britain and France have refused to join President Donald Trump’s plan to blockade Iranian ports, choosing instead to back a separate multinational effort focused on […]
Earnings Season Will Test Whether Strong Profits Can Keep Wall Street Steady Despite War Risks
Wall Street is heading into a critical first-quarter earnings season that may determine whether the stock market can stay resilient despite the economic risks created by the war involving Iran. Investors are looking for proof that strong corporate profits can continue to support U.S. equities even as higher energy prices and geopolitical uncertainty threaten to […]
Chicago Bears Stadium Fight Shows Why Taxpayer-Funded Sports Deals Often Fail the Public
The fight over where the Chicago Bears should build a new stadium has become more than a regional sports story. Here is a case study in how economic policy often bends toward visible political wins rather than investments that deliver stronger long-term public benefits. The central point is that taxpayers are likely to lose no […]
Trump Administration Admits Major Error in New York Medicaid Fraud Accusations
The Trump administration has acknowledged a major error in the data it used to support a high-profile fraud investigation into New York’s Medicaid program, weakening one of its most visible recent anti-fraud cases and raising broader questions about the accuracy of similar reviews in other states. Federal officials admitted a key figure cited by Centers […]
Anthropic Turns to CoreWeave in Fresh Push to Secure More AI Capacity
CoreWeave has signed a new multi-year agreement with Anthropic to supply cloud computing capacity for the AI startup’s Claude models, in another sign of how fiercely companies are competing for the infrastructure needed to build and run advanced artificial intelligence systems. The deal will bring new computing capacity online later in 2026 and initially focus […]
A Michigan Campaign Stop Shows How Democrats Are Trying to Channel Young Voter Anger Into Energy
A campaign rally in Ann Arbor, Michigan, offered a revealing snapshot of how many younger voters are approaching the 2026 midterms: not with apathy, but with deep frustration toward both major political parties and a search for candidates who feel more authentic, urgent, and disruptive. Longtime Democratic Representative Debbie Dingell attended an event at the […]
A Shrinking Workforce Is Changing the U.S. Economy as Participation Falls to a Historic Low
One of the most important changes in the U.S. economy is not just slower hiring, but the growing number of people leaving the labor force altogether. The labor-force participation rate fell to 61.9% in March 2026, the lowest level since 1977 outside the pandemic period. That measure tracks the share of Americans who are either […]
