Ecuador is cutting beer prices by more than 20% through a temporary tax cut to rally “extra support” for the national football team during the World Cup, President Daniel Noboa said. The government will eliminate a special tax on beer and other moderate-alcohol beverages through July 19, Noboa said in remarks reported by outlet El Universo . The FIFA 2026 World Cup started on Thursday, with a matc...
Ecuador is cutting beer prices by more than 20% through a temporary tax cut to rally “extra support” for the national football team during the World Cup, President Daniel Noboa said. The government will eliminate a special tax on beer and other moderate-alcohol beverages through July 19, Noboa said in remarks reported by outlet El Universo . The FIFA 2026 World Cup started on Thursday, with a match between Mexico and South Africa. Ecuador’s team starts playing on June 14 against Ivory Coast in Philadelphia. Noboa is expected to travel to the US today through next Monday, according to an executive decree that didn’t offer details on his agenda. Read More: Mexico Readies for World Cup Opening Game as Protests Unfold
Key PointsSpaceX begins trading publicly on June 12 at a $1.77 trillion valuation and a $135 offer price -- but retail investors will likely pay significantly more on the open market.
Key PointsSpaceX begins trading publicly on June 12 at a $1.77 trillion valuation and a $135 offer price -- but retail investors will likely pay significantly more on the open market.
Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032 , sooner than last year's projection that the money will run out in 2033. They attributed most ...
Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032 , sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA). When the trust fund runs out, money will still be coming into the program via ongoing taxes from workers and self-employed individuals. However, without the ability to tap the trust fund, the program won't be able to keep paying out full benefits. Under the law governing the program, insufficient assets means payouts must be cut for all beneficiaries by a uniform percentage. In their report posted on Tuesday, the trustees projected that benefits will have to be slashed by 22% in 2032. Politicians have plenty of unpredictable crises to deal with. But the Social Security trustees write a report to Congress every year telling them the date when this particular crisis will happen. It used to be far in the future. Now, it’s just six years away. pic.twitter.com/tKkgrhPCVE — Dominic Pino (@DominicJPino) June 9, 2026 That scenario assumes Congress and the president fail to intervene by then. Given older Americans' high propensity to vote -- which will only be magnified with their retirement income under threat -- it's a safe bet that something's going to change to fend off an across-the-board slashing of benefits. Potential tweaks include raising the eligibility-age for receiving Social Security income, increasing payroll taxes that fund the program, and "means-testing" that would cut benefits for better-off Americans. The federal government would like you to believe that Social Security isn't currently means-tested, but it truly is ...
The S&P 500 (SNPINDEX:^GSPC) rose 1.75% to 7,394.30, the Nasdaq Composite (NASDAQINDEX:^IXIC) jumped 2.54% to 25,809.66, and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.86% to 50,848.75 as a de-escalation of U.S.-Iran tensions lead a broad rebound.
The S&P 500 (SNPINDEX:^GSPC) rose 1.75% to 7,394.30, the Nasdaq Composite (NASDAQINDEX:^IXIC) jumped 2.54% to 25,809.66, and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 1.86% to 50,848.75 as a de-escalation of U.S.-Iran tensions lead a broad rebound.
A group led by investment firm KKR (KKR) is devoting $10 billion into a new AI data center venture, Helix Digital Infrastructure, headed by former Amazon Web Services (AMZN) CEO Adam Selipsky. Selipsky sits down with Julie Hyman to talk more about this investment into AI infrastructure. in the latest bid by an alternative asset manager to solve an energy supply crunch slowing big tech's AI ambitio...
A group led by investment firm KKR (KKR) is devoting $10 billion into a new AI data center venture, Helix Digital Infrastructure, headed by former Amazon Web Services (AMZN) CEO Adam Selipsky. Selipsky sits down with Julie Hyman to talk more about this investment into AI infrastructure. in the latest bid by an alternative asset manager to solve an energy supply crunch slowing big tech's AI ambitions."
Was that it, then? Was Sphephelo Sithole being caught in possession nine minutes into the opening game, Julián Quiñones running on to lash the ball through Ronwen Williams’s legs, was that when the football took over, the moment when concerns over the aggression of the major co-host faded away and the world got on with celebrating the great festival of humanity the World Cup ought to be? It seems ...
Was that it, then? Was Sphephelo Sithole being caught in possession nine minutes into the opening game, Julián Quiñones running on to lash the ball through Ronwen Williams’s legs, was that when the football took over, the moment when concerns over the aggression of the major co-host faded away and the world got on with celebrating the great festival of humanity the World Cup ought to be? It seems unlikely. Donald Trump’s war with Iran goes on, as do the outrages of his immigration police. But it’s not just that. Gianni Infantino has opted to run this tournament, uniquely in the modern age, without a local organising committee. That may not explain the shambolic organisation at the Azteca – the chaotic traffic, the non-existent signage, the absence of WiFi, the general lack of order – but it does make it harder to fix. Continue reading...
Broadstone Net Lease ( BNL ) said Thursday it added a build-to-suit development for Tesla ( TSLA ) to its committed pipeline, representing an estimated investment of about $40M. The project involves a sales, service, and delivery facility in Las Vegas, Nevada, with rent commencement expected in the fourth quarter of 2027 under a 15-year lease. More on Broadstone Net Lease Broadstone Net Lease, Inc...
Broadstone Net Lease ( BNL ) said Thursday it added a build-to-suit development for Tesla ( TSLA ) to its committed pipeline, representing an estimated investment of about $40M. The project involves a sales, service, and delivery facility in Las Vegas, Nevada, with rent commencement expected in the fourth quarter of 2027 under a 15-year lease. More on Broadstone Net Lease Broadstone Net Lease, Inc. (BNL) Q1 2026 Earnings Call Transcript Broadstone Net Lease: Value Driver Framework Points To A Hold Broadstone Net Lease: A Noteworthy Index Inclusion And A Shift In Global Macro These 10 mid-cap U.S. REIT stocks earn top valuation grades in today's market Broadstone net lease maintains 2026 AFFO per share guidance of $1.53-$1.57 while advancing $382M build-to-suit pipeline
A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the US Department of Defence has linked to that country’s military. WuXi AppTec filed its complaint in the Washington federal court, calling its inclusion on the list arbitrary, capricious, unsupported by the facts and “the product of political pressure”. It also accused th...
A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the US Department of Defence has linked to that country’s military. WuXi AppTec filed its complaint in the Washington federal court, calling its inclusion on the list arbitrary, capricious, unsupported by the facts and “the product of political pressure”. It also accused the US government of inflicting substantial reputational and operational harm by branding it a...
MCCAIG/iStock via Getty Images Some Context on the Relationship Between the Government and AI In August 2025, the US government acquired a 10% equity stake in Intel ($8.90 billion). From that moment on, Intel experienced a massive rally, and the US government has already quintupled its money in less than a year. The evidence shows that the stock market was enthusiastic about the government interve...
MCCAIG/iStock via Getty Images Some Context on the Relationship Between the Government and AI In August 2025, the US government acquired a 10% equity stake in Intel ($8.90 billion). From that moment on, Intel experienced a massive rally, and the US government has already quintupled its money in less than a year. The evidence shows that the stock market was enthusiastic about the government intervention, but why did it happen in the first place? The main reason was not that the government wanted to make a short-term trade; it was a strategic geopolitical move. Intel is one of the few significant chip manufacturers in the United States, and before the government stepped in, the company was drowning, and shareholders were dumping the stock. A declining Intel is not just a problem for its shareholders but for all Western countries. We are totally dependent on two major chip manufacturers, both of which are located in Asia: TSMC and Samsung. Without them, the supply chain gets stuck, and the world economy can’t keep growing. Since we are living in a world where the geopolitical context worsens every day, being totally reliant on two companies on the other side of the world seems a very risky strategy. Especially when China never stops threatening to annex Taiwan, the country in which TSMC presents its most advanced facilities. As of now, the entire AI supply chain is based on TSMC, and of course, the US would have all the incentive to help Intel close the gap. In light of these considerations, you might believe that the main problem of not having access to the most advanced chips is just a matter of economic growth, but it is actually much more than that. With TSMC chips, you can either produce a new iPhone or extremely powerful weapons. That’s the main problem behind AI and why the US government can’t afford to lose against competitors (China above all). President Trump's AI executive order spells out our approach succinctly. It is the policy of the United States to sus...