Author: Admin

The U.S. Secret Service dealt with several drone-related incidents without adjusting its protection policies or documenting why it didn’t, according to a government report released Thursday. That information may have helped illustrate the emerging threat of civilian drone use before one was used in the 2024 assassination attempt on then-candidate Donald Trump in Butler, Pennsylvania. The report from the Government Accountability Office found delays and holes in how the Secret Service updates its policies regarding threats, and arrives after a few turbulent years for the agency charged with the president’s protection. The would-be assassin in Butler positioned himself on a…

It’s been a blockbuster summer of sports, from the highs and lows of the 2026 FIFA World Cup to captivating scenes on court at this year’s Wimbledon tennis championships. The action hasn’t stopped there: private markets have also been making an aggressive play in sports this year, with a string of high-profile deals, manager acquisitions, fund launches and – never far from sports – controversies.

Shoppers walk past a Lululemon store at a shopping mall on June 21, 2026, in Hong Kong, China.Cheng Xin | Getty ImagesShares of Lululemon plunged 15% on Thursday after the retailer reported another quarter of disappointing results and cut its outlook for the year.The company reported a 4% decline in revenue and a comparable sales decrease of 9% for the second fiscal quarter. It was only the latest rough quarter for the apparel retailer, after it reduced its guidance in the previous quarter. Interim CEO Meghan Frank said on a call with analysts that the company experienced “negative commentary” on…

A close-up view shows corporate signage mounted on an exterior concrete wall at an Adobe office building in Lehi, Utah, United States, on August 26, 2026. Charles-McClintock Wilson | Nurphoto | Getty ImagesAdobe on Thursday named Anil Chakravarthy as its next president and CEO, succeeding Shantanu Narayen, who announced he would step down earlier this year. Chakravarthy, who most recently served as president of Adobe’s customer experience orchestration and worldwide field operations, will take the helm Dec. 1, the company said. He will also join Adobe’s board.Narayen will become executive chair and “work closely” with Chakravarthy during the transition, Adobe…

How much redistribution will AI require? A common scenario is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers whole requires massive redistribution. In my latest paper, I run the numbers and conclude that this is probably incorrect. The idea is simple. Labor income is GDP multiplied by labor’s share of GDP. What matters is the product. A smaller share of a much larger economy can still mean more income for labor. If the pie is growing, labor’s slice of the pie can shrink even as…

A Fed Governor Said He’s Inclined To Keep Rates Unchanged. Yields Fell And Stocks Had Their Best Day In Weeks. International Business Times

The stock is down as analysts question the yoga-wear maker’s fashion assortment.

    I am a sucker for infographics like these: In 2025, Global GDP hit an all-time high of $118.4 trillion — about $14,406 per person worldwide. To reach $150T by 2030 — 26.7% higher than where we are now — would require 4 years of gains averaging 4.86%. Any combination of nominal growth plus inflation gets us there. 3% annual GDP growth with a 2% inflation rate hits $150T in 2030. China, which was half of the US GDP not too long ago, is now 68.9% of our economy’s size; Europe, at $37 trillion, is about the same size…

The offshore oil boom offers a clue about where some of the biggest gains could go… Listen to the audio version of this article (generated by AI). Editor’s Note: My colleague, InvestorPlace Senior Investment Analyst Luke Lango, has spent months studying what Elon Musk is building across Tesla, SpaceX, xAI, and the rest of his empire. But Musk can’t build everything himself. As Luke explains in today’s Smart Money, one of Musk’s latest projects could require an entirely new supply chain, creating opportunities far beyond his own companies. Luke lays out the larger investment opportunity at a free workshop on…

Listen to the audio version of this article (generated by AI). Nvidia says memory pricing is “extreme”… so why is the memory maker priced for a crash?… the bigger waves Wall Street can’t see… where Luke Lango is hunting One week ago, Nvidia (NVDA) delivered a blowout earnings report, punctuated by guidance calling for another 70% of growth ahead. If you were waiting for proof that the AI build-out is real, durable and still accelerating, that was it. It should have kicked off a new leg higher for the AI infrastructure trade. Yet, despite a brief surge, the AI complex…