The Daily

Cerebras Systems’ monster debut on Thursday didn’t just place it among tech’s biggest-ever IPOs — it was a crystal clear signal of unstoppable demand for chips to power AI, as tech giants scramble to find alternatives to the costly, sold-out graphics processing units made by Nvidia.Cerebras closed its first day trading on Wall Street with a market cap just below $100 billion,

 » Read more about: What you need to know about Nvidia competitor Cerebras after wild IPO  »

President Donald Trump is back at the White House after a three-day visit to China, a crucial meeting between the world’s largest economies and the first such visit by an American president in nearly a decade.Both the U.S. and China committed to enhancing cooperation, in stark contrast to the tense trade war last year that drove tariffs into the triple digits.

 » Read more about: Takeaways from Trump’s trip to China, from trade to Taiwan  »

Quick Read If Social Security overpays you, you’ll get an overpayment letter asking you to repay the funds within 30 days. If you don’t, the Social Security Administration can try to claw back the money. If you receive an overpayment letter, you have 60 days to request reconsideration, file a waiver request citing financial hardship,

 » Read more about: The Social Security Overpayment Letters SSA Has Been Sending Since 2024: How to Fight a $14,000 Clawback  »

Memory chips have emerged as the hottest investing theme on Wall Street in 2026, but there might be another new frontier in the AI trade posed to fuel strong stock gains.

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AI bullishness has returned to markets, setting off a record-setting rally in stocks in the second quarter—and there’s a common thread among some of the top gainers beyond memory plays.Optics stocks have become some of the strongest gainers as investors assess the next bottleneck in the AI trade.Optical technology communicates signal using photons,

 » Read more about: This sector is joining memory stocks as the next frontier of the AI trade  »

Berkshire Hathaway  on Friday disclosed a new $2.65 billion investment in Delta Air Lines and a small stake in Macy’s, and said it sold many of its smaller stock holdings including Amazon, UnitedHealth Group and the credit card networks Visa and Mastercard.The changes were part of a portfolio reshuffling in the first quarter, which followed the promotion of Greg Abel to succeed Warren Buffett as Berkshire’s chief executive.Berkshire said in a regulatory filing that it also more than tripled its share stake in Google parent Alphabet,

 » Read more about: Berkshire Hathaway reveals stakes in Delta, Macy’s as portfolio reshuffled under Warren Buffett’s successor  »

The past year has been a confusing one for many investors, as the stock market has been sending mixed signals.Despite persistent recession warnings, surging inflation, and the war in Iran disrupting global supply chains, major market indexes are thriving. The S&P 500 (^GSPC 1.24%) has delivered total returns of around 33% over the last year,

 » Read more about: If I Could Tell All Investors 1 Thing About the Stock Market Right Now, It’s This  »

 » Read more about: Yikes! The Federal Reserve's May Inflation Forecast Is In, and It Has Big Implications for Social Security's 2027 COLA.  »

 » Read more about: What you need to know about Nvidia competitor Cerebras after wild IPO  »

Quick Read

• The provisional income test under Internal Revenue Code Section 86, written in 1984 with thresholds of $25,000 and $34,000 for single filers that have never adjusted for inflation, causes up to 85% of Social Security benefits to become taxable when other income is added.

• RMDs from traditional IRAs at age 73 count fully toward provisional income and often push retirees over the taxation threshold,

 » Read more about: Social Security Tax Rule Frozen Since 1984 Now Catches 85% of Middle-Class Retirees’ Benefits  »

 » Read more about: 3 Social Security Mistakes Married Couples Are Still Making in 2026  »