Just in: The United States currently has 44% more home sellers than buyers, representing one of the largest gaps in history.
Smartphone market faces significant downturn The global smartphone market is projected to decline by 12.9% in 2026, reaching approximately 1.1 billion units, according to idc. This downturn is attributed to a severe memory chip shortage fueled by artificial intelligence demand. Increasing dram and nand costs are negatively impacting profit margins, prompting manufacturers such as xiaomi and oppo to reduce production of budget-friendly models and concentrate on premium devices. Apple may also increase prices. With the shortages expected to persist into 2027, the availability of inexpensive smartphones is likely to diminish.
Breaking News
Just in: U.S. federal banking regulator proposes rule to restrict stablecoin rewards.
1 hour ago
Nvidia spent $70 billion on corporate deals to fuel chip demand.
3 hours ago
The CEO commented on laying off 26% of its staff.
3 hours ago
Breaking: United States Senator Elizabeth Warren is urging passage of a bill that would ban insider trading and prohibit members of Congress from owning stocks.
4 hours ago
Trump, seeking executive power over elections, is urged to declare emergency: Wapo. Pro-trump activists who say they are in coordination with the White House are circulating a 17-page draft executive order that claims China interfered in the 2020 election as a basis to declare a national emergency that would unlock extraordinary presidential power over voting.
7 hours ago
The U.S. 30-year mortgage rate has fallen below 6%, the first time since 2022.
7 hours ago
Trump administration considers options for retaining tariff revenue The Donald Trump administration is considering strategies to retain billions of dollars in tariff revenue, which the Supreme Court ruled was collected illegally. Potential approaches include restructuring duties under new legal authority or offering refunds to companies contingent on forfeiting a portion of the funds. Officials are navigating a complex legal and political landscape. Courts are expected to closely examine efforts to delay or reduce repayments, while Democrats and businesses are requesting refunds. The process could span years, with Customs and Justice departments influencing the pace of repayments. Tariffs have been a key component of Trump’s economic strategy, supporting tax cuts and potential direct payments. With over $133 billion at stake, the administration is balancing federal finances against the risk of opposition from companies and courts.
9 hours ago
Top News
Fremont Factory Reallocation: Tesla Halts Model S/X Production for Optimus and Robotaxi Buildout
Nvidia Crushes Q4 Expectations with Record Data Center Performance and Strong Forward Guidance
Intel Fuels AI Ambitions with Major SambaNova Investment and Adoption Deal
SoFi Achieves Record Member Growth and Platform Scaling in Q4
Plug Power Executes Major Leadership Shift Amid Share Count Doubling
Ford Initiates Major Recall Over Steering Control Risk in Explorer SUVs
