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News
SpaceX Closes $60B Cursor Acquisition
1+ day, 2+ hour ago (583+ words) SpaceX now owns Cursor, the AI coding startup that makes a popular tool for writing software. Cursor confirmed the news on its blog on August 15, 2026, saying the purchase is complete. That is a fast few months for a deal this…...
Social Security Trust Fund to Hit Zero by 2032
1+ day, 1+ hour ago (689+ words) Social Security's savings account is draining faster than expected. The main culprit is the 2025 One Big Beautiful Bill Act. That law lowered taxes on Social Security benefits, which sounds nice in the moment. But it also means less money flowing…...
Social Security Fund Empty by 2032: Retirees Face 22% Cut
1+ day, 1+ hour ago (426+ words) Social Security's retirement fund has a clear timeline, and it is not far off. The money will likely run out late 2032. The timing matters for people who are 61 today. They would be reaching the standard retirement age around the same…...
Social Security's Funding Gap Grows as Lawmakers Delay
1+ day, 2+ hour ago (667+ words) Social Security's combined trust funds are projected to run dry by 2034, triggering a 24% benefit cut. Once it hits empty, everyone collecting retirement benefits would face a 24% cut unless lawmakers change the rules first. This is not a surprise. Lawmakers have…...
Self-Driving Trucks Get Green Light on California Highways
1+ day, 2+ hour ago (603+ words) The big rig in the next lane could one day be driving itself. California just issued its first permits for self-driving trucks to test on public roads under new rules, and one company is already rolling. The change ends a…...
$70B Off-Book AI Loan Guarantees Rattles Bond Investors
1+ day, 2+ hour ago (733+ words) As of August 15, 2026, bond traders are arguing about roughly $70 billion in AI debt guarantees that never show up on a corporate balance sheet. This week, Nvidia made that number harder to ignore with a $500 billion financing partnership. The chipmaker is…...
Champagne Harvest Earlier Due to Heat
1+ day, 2+ hour ago (509+ words) Champagne's harvest is underway, with most growers in the vines from Aug. 20 to 25. That is roughly two weeks earlier than the norm in recent years. In the years before 2000, growers usually harvested in September or October. The sparkling wine generated…...
Peru Growth Misses Forecasts on Fishing, Farming Slump
1+ day, 2+ hour ago (409+ words) Peru's economy grew in June, but the pace fell short of expectations. The national statistics institute, known as INEI, reported that the monthly economic activity index, a proxy for GDP, rose 1.75% compared with June 2023. That was below the average forecast…...
Fed: 63% Can Cover $400 Surprise, 37% Struggling
1+ day, 2+ hour ago (463+ words) Every year, the Federal Reserve asks a simple question that says a lot about household finances: "If you were hit with an unexpected $400 expense, could you cover it without borrowing?" The latest survey shows U.S. adults holding steady, but the final…...
AI Manager Fires Human Employee in Retail Experiment
1+ day, 2+ hour ago (573+ words) Luna is built on Anthropic's Claude models. Andon Labs, a company that experiments with what AI agents can do, gave Luna a clear mission: open a store, turn a profit, and run the whole operation. The lab uses real-world trials…...