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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

TazaPulseJune 24, 2026

Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion. “We can have something with a three in front of it this year,” Bessent said in a live interview on CNBC’s “Squawk Box.” “The underlying economy has been strong.”...

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OpenAI and Broadcom reveal Jalapeno, first AI chip in partnership

TazaPulseJune 24, 2026

Jakub Porzycki | Nurphoto | Getty Images OpenAI and Broadcom on Wednesday unveiled their debut custom chip, called Jalapeño, marking the ChatGPT maker’s first entry into artificial intelligence silicon. The chips will be made by Broadcom and used by OpenAI for inference, the compute-intensive process of serving its AI models to users in ChatGPT and...

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Democrats see midterm hope in reliably red Iowa as Trump approval ratings sag

TazaPulseJune 24, 2026

IOWA — Connie Klug didn’t leave the Republican Party. The party left her, she said. She was raised in the GOP, considers herself a fiscal conservative and married a registered Republican. But decades ago, Klug said, she felt the party drifting. The isolation she felt intensified more recently, as she watched her former political comrades...

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Tech companies may have to pay AI data center energy costs

TazaPulseJune 24, 2026

Chris Wright, US energy secretary, Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., and Howard Lutnick, US commerce secretary, take a photo with workers and local leaders following a news conference at the Portsmouth Site in Piketon, Ohio, US, on Friday, March 20, 2026. SoftBank Group Corp. is working to deliver a...

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Ukraine drone strikes test Putin’s resolve and raise escalation fears

TazaPulseJune 24, 2026

Russian President Vladimir Putin attends a wreath-laying ceremony marking the 85th anniversary of the Nazi Germany invasion into the Soviet Union in World War II on the Remembrance and Sorrow Day at the Tomb of the Unknown Soldier by the Kremlin wall in Moscow on June 22, 2026. Pavel Bednyakov | Afp | Getty Images...

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House expected to pass affordable housing bill, send it to Trump’s desk

TazaPulseJune 24, 2026

Rep. Anna Paulina Luna (FL) speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 17, 2024. Mike Segar | Reuters The U.S. House on Tuesday is expected to send to President Donald Trump‘s desk an affordable housing bill aimed at lowering costs for homebuyers and...

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Cerebras (CBRS) Q1 earnings report 2026

TazaPulseJune 24, 2026

Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq MarketSite in New York on May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras said revenue almost doubled in the AI chipmaker’s first earnings report since its initial public offering last month. The stock fell...

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SpaceX could remain under pressure as more insiders gain permission to sell. Here are the key dates

TazaPulseJune 23, 2026

Don’t expect the rough ride in SpaceX to be over anytime soon. SpaceX has yet to trade on the public markets for a full week, but the stock has already proven volatile. After a blockbuster IPO on June 12, the Elon Musk-led rocket maker has seen its market cap surge past Amazon and even Microsoft...

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Factory job cuts in June neared financial crisis and Covid levels, S&P says

TazaPulseJune 23, 2026

A pedestrian walks by a now hiring sign posted at a gas station on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global...

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SpaceX drops more than 3% following $400 billion selloff

TazaPulseJune 23, 2026

SpaceX shares fell more than 3% in premarket trading on Tuesday, following a $400 billion selloff on Monday as a post-debut rally fizzled out. The space and AI company saw huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled....