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Economist Caitlin Myers has a striking explanation for why women are having fewer babies: It's the smartphones.
… [+4030 chars]

Are smartphones causing people to have fewer children?  A provocative new working paper explores the persistent drop in birth rates since the iPhone was introduced nearly two decades ago.

Can smartphones help explain the drop in birth rates? - NPR

Adobereported better-than-expected second-quarter financial results on Thursday night backed by strong demand for its artificial intelligence products. The stock was still sliding,
Copyright ©2026Do… [+80 chars]

Adobe earnings beat Wall Street estimates, boosted by strong demand for AI products. It wasn’t enough for the stock.

Barron's

Adobe Stock Slides Despite Record Results. CFO Heads for Chip Company. - Barron's

Shadow markets are pricing a blockbuster SpaceX stock debut, indicating a pop of at least 35% for Elon Musks rocket, satellite and AI company.
Derivatives offered by online brokerage IG Internationa… [+198 chars]

Shadow markets are pricing a blockbuster SpaceX stock debut, indicating a pop of at least 35% for Elon Musk’s rocket, satellite and AI company.

Bloomberg

SpaceX Shares Indicated More Than 35% Higher in Shadow Trading - Bloomberg

Elderly people on privatized Medicare plans were routinely denied coverage for long-term hospital care and inpatient rehab by a trio of for-profit insurers that dominate the program, according to a g… [+127 chars]

The top for-profit Medicare Advantage companies denied coverage more often than nonprofits, according to the Health and Human Services Department's Office of Inspector General.

The Washington Post

Seniors needed long-term care and rehab. Their private Medicare plans said no. - The Washington Post

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

The S&P 500 could test a key level. Oil prices dive.

Investor's Business Daily

Dow Jones Futures: SpaceX IPO To Launch After Trump Spurs Market Rally - Investor's Business Daily

Prometheus, the physical AI startup co-founded by Jeff Bezos and Vik Bajaj, the former co-founder of Verily, Googles life sciences unit, announced it raised $12 billion at a $41 billion valuation.
T… [+2348 chars]

The new round values the physical AI startup that aims to automate heavy engineering and drug design at $41 billion.

TechCrunch

Jeff Bezos's Prometheus raises $12B to build an 'artificial general engineer' for the physical world - TechCrunch

U.S. stock futures were little changed on Thursday night as traders looked ahead to SpaceX's historic initial public offering on Friday.
S&amp;P 500 futures added 0.2%, and Nasdaq 100 futures rose 0… [+2914 chars]

Elon Musk's rocket maker is set to debut on the Nasdaq on Friday in what will be the largest IPO in history.

CNBC

Stock futures tick higher as Wall Street gears up for SpaceX’s historic IPO: Live updates - CNBC

In the middle of New York Citys Times Square, a massive, inflatable effigy of billionaire Elon Musk towered over tourists and commuters earlier today. It was surrounded by black banners with statemen… [+3457 chars]

Activists raised a 40-foot-tall inflatable Elon Musk in Manhattan to draw attention to the risk he allegedly poses to investors.

Wired

Massive Effigy of Elon Musk Raised Over Times Square to Protest Grok - WIRED

Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off to a slightly better start, but higher inflation … [+921 chars]

Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning's econ data and discouraging war-related hea…

Mortgage News Daily

Rates Drop Sharply to One Week Lows - Mortgage News Daily

This is part of Opinionpalooza, Slates coverage of the major decisions from the Supreme Court. Keep up with all of our Supreme Court coverage and analysis by signing up for weekly email roundups. The… [+7854 chars]

One of the Supreme Court’s most quietly destructive projects is its refusal to let Americans vindicate the rights that Congress has tried to give them.

Slate Magazine

KBJ Just Blasted Amy Coney Barrett’s “Contempt” for Congress - Slate Magazine

Economic storm clouds, not sunshine, dominate the World Bank's latest outlook. The lender cut its 2026 global growth forecast to 2.5%, the weakest pace since the pandemic, citing the Middle East war'… [+1119 chars]

World Bank just cut its global growth rate forecast to 2.5%, warning things may get worse

Newser

Thanks to Stalled Economic Growth, a 'Lost Decade' Looms - Newser

WASHINGTON (AP) U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. 
The Labor Department reported Th… [+2776 chars]

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from Ma…

Associated Press

US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022 - AP News

WASHINGTON (AP) Fruit-flavored e-cigarettes recently authorized by the Food and Drug Administration were not significantly better at helping smokers quit than tobacco-flavored e-cigarettes, according… [+4178 chars]

A new memo from U.S. health regulators is raising questions about a recent decision to authorize the first fruit-flavored e-cigarettes for adult smokers. The Food and Drug Administration document posted online this week shows that adding flavors like mango an…

FDA’s e-cigarette authorization: Fruity vapes not significantly better than tobacco ones - AP News

President Donald Trumps new Federal Reserve chair, Kevin Warsh, previously argued that the Fed had room to cut interest rates, a message that made him attractive to a president who has long viewed cu… [+20 chars]

Kevin Warsh will hold his first policy meeting next week with inflation at a three-year high and a president who expects lower borrowing costs.

New Fed chief may soon be forced to defy Trump and raise interest rates - The Washington Post

The Securities and Exchange Commission today proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS.
After two decades of Rule 611, it is high time that the Commission review its unin… [+1076 chars]

Sec.gov

SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e) - SEC.gov

As markets brace for what could become one of the most consequential public offerings in modern history, Elon Musks rocket giant SpaceX is preparing to generate staggering wealthnot only for its bill… [+6632 chars]

The winners of SpaceX's blockbuster IPO—valuing the company at $1.75 trillion—might not just be investors, but also the ones who welded the rockets.

Fortune

Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders - Fortune

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) announced a new Binding Operational Directive, 26-04, that prioritizes security updates for Federal Civilian Executive Branch (FCEB) a… [+2406 chars]

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) announced a new Binding Operational Directive, 26-04, that prioritizes security updates for Federal Civilian Executive Branch (FCEB) agencies.

BleepingComputer

CISA tells govt agencies to patch critical exploited flaws in 3 days - BleepingComputer

The company’s backlog of future business is staggering, but the market is focused on the equally staggering cost of building it all.
If you just glanced at Oracle’s (ORCL) earnings, you might be scr… [+3084 chars]

The company's backlog of future business is staggering, but the market is focused on the equally staggering cost of building it all. If you just glanced at Oracle's (ORCL) earnings, you might be scratching your head.

Trefis

Oracle Just Showed Wall Street the AI Boom, Then Handed It The Bill - Trefis

FRANKFURT, Germany (AP) The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.… [+3911 chars]

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the...

Yahoo Entertainment

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week - Yahoo Finance

It may soon be safer than ever for people in the US to go out into the sun.
That's because your sunscreen could soon be doing a better job of protecting you from harmful rays than older formulations… [+3608 chars]

It may soon be safer than ever for people in the US to go out into the sun.