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US Budget Cutsin Financial Markets
2 hours ago

The U.S. scales back H.I.V. support, while Trump pushes costly immigration reforms and shifts military spending toward drones over F-35s, signaling policy shifts with broad impacts.

The Company That Wants To Bring Back Supersonic Jet Travel

BloombergThursday, June 26, 2025 at 8:00:37 AM
The Company That Wants To Bring Back Supersonic Jet Travel
A company called Boom is trying to revive supersonic air travel—think jets that go faster than the speed of sound—decades after the Concorde's high-profile failure. They're betting that new tech and changing travel demands might make it work this time.
Editor’s Note: Supersonic travel could shrink flight times dramatically (imagine NYC to London in 3.5 hours), but it’s a risky bet. The Concorde flopped due to costs, noise, and safety concerns, so Boom has to convince regulators, airlines, and travelers that they’ve solved those problems. If they pull it off, it could redefine long-haul flights—but that’s a big "if."
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Latest from Financial Markets
University of Michigan
positiveFinancial Markets
The University of Michigan continues to impress in Money's rankings, standing out for affordability, quality, and overall value. For in-state students, the estimated net cost of a degree is around $102,000 before financial aid—lower than most schools on the list. Plus, with a stellar 93% quality rating, it’s clear Michigan delivers both bang and buck.
Editor’s Note: College is a huge investment, and families want to know they're getting a solid return. Michigan’s strong rankings highlight it as a smart pick for students balancing cost and academic excellence—especially for in-state applicants. This kind of recognition could sway decisions in a competitive higher-ed landscape.
Promise of Victory Over H.I.V. Fades as U.S. Withdraws Support
negativeFinancial Markets
Hopes for finally defeating HIV are dimming after the U.S. pulled funding from key global health initiatives. This isn’t just about money—it’s a major setback for research, treatment access, and the fight to end the epidemic, especially in vulnerable regions. Experts warn this could reverse years of progress.
Editor’s Note: HIV isn’t just a medical issue—it’s a social and economic one. When a global leader steps back, it doesn’t just slow down labs and clinics; it leaves millions at risk. This isn’t just policy; it’s about real lives hanging in the balance.
Agentic AI spending could reach $155 billion by 2030, say BofA analysts
positiveFinancial Markets
Bank of America analysts predict that spending on "agentic AI"—AI systems that can autonomously perform complex tasks—could skyrocket to $155 billion by 2030. The buzz around this tech stems from its potential to massively boost productivity by taking over roles traditionally handled by humans, from decision-making to workflow automation.
Editor’s Note: If this forecast holds, we're looking at a seismic shift in how businesses operate. Agentic AI isn't just another tool; it could redefine entire job categories and industries. For companies, that means huge efficiency gains—but for workers, it might signal a race to adapt or risk being sidelined. Either way, the money pouring in suggests this isn't just hype; it's the next big bet in tech.
Russian Banks Fear Debt Crisis Is Coming as War Strains Economy
negativeFinancial Markets
Behind the scenes, Russian banking officials are sounding alarms about the country's economic health—warning that the war in Ukraine is pushing the financial system toward a potential crisis within a year. The situation appears worse than what's being publicly admitted, with banks bracing for possible collapse.
Editor’s Note: If Russia's banking system buckles under the strain of sanctions and wartime spending, it won’t just hurt ordinary Russians—it could ripple through global markets and deepen the economic chaos already triggered by the war. This isn’t just about money; it’s about stability in a volatile region.
Stock Market Today: Trump Considers Naming New Fed Chair Early, Weighing on Dollar
neutralFinancial Markets
Stock futures are ticking up as reports suggest former President Trump might name a new Federal Reserve chair sooner than expected. The early move could give the incoming chair more sway over interest rate expectations, but it's also putting some pressure on the dollar as markets react to the uncertainty.
Editor’s Note: The Fed chair plays a huge role in shaping U.S. economic policy—especially interest rates, which affect everything from mortgages to business loans. If Trump pushes for an early announcement, it could signal a shift in monetary strategy, making investors nervous about what’s next for the dollar and borrowing costs. It’s one of those inside-baseball moves that could ripple out to Main Street.

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