Prediction market Kalshi disclosed Wednesday that it had suspended two users — an editor for the MrBeast YouTube platform and a former California gubernatorial candidate — for allegedly violating its prohibition against "insider trading."
The Trump administration is halting $259 million in Medicaid funding to Minnesota until the state takes steps to root out fraud in the program, Vice President JD Vance and Centers for Medicare and Medicaid Services administrator Mehmet Oz announced Wednesday.
Why it matters: CMS served notice that it plans similar freezes to other states' funding as part of the administration's crackdown on fraud.
Nvidia on Wednesday delivered a revenue projection that exceeded expectations, and CEO Jensen Huang declared that "the agentic AI inflection point has arrived," providing more fuel for AI bulls.
Nvidia CEO Jensen Huang said Wednesday that the company is nearing a deal to finalize its investment in OpenAI.
Why it matters: Nvidia announced an agreement to invest up to $100 billion in the ChatGPT creator in September, but the deal hasn't yet closed, sparking fears that it could be in trouble.
Sometimes, presidents use their State of the Union to offer a laundry list of poll-tested policy proposals that might assuage Americans that their concerns are being addressed. President Trump chose a different tack Tuesday night.
The big picture: The president is sticking to a boastful message about the state of the economy heading into the midterms, aiming to persuade voters that these are the best of economic times.
President Trump announced during his State of the Union address Tuesday night plans to offer Americans access to a retirement account similar to those available to federal workers.
Why it matters: There are roughly 50 million Americans without employer-sponsored retirement plans, like 401(k)s, and there's been growing bipartisan interest in expanding access.
The tooth fairy is brushing off two years of declines, paying an average of $5.84 per tooth — up 17% from last year, according to Delta Dental's 2026 Original Tooth Fairy Poll.
Why it matters: For nearly three decades, tooth fairy payouts have doubled as a tiny economic indicator — and this year's 17% jump mirrors the broader market's gains, signaling renewed spending power under the pillow.
Why it matters: A defiant Trump bragged, weaved, smiled and sparred his way through 108 minutes of prime-time television, projecting his vision of a "Golden Age" for a country that — according to recent polls — mostly isn't buying it.
Why it matters: Nvidia is the darling of the AI boom, so its performance and outlook will be parsed for insights into where things are headed — and whether there's truly cause for concern.
The tech sector is "gripped" by an ideological vision of AI that's rooted in science fiction — but it doesn't have to be that way, three prominent economists write in a new paper to be discussed Wednesday at the Brookings Institution.
Why it matters: The paper argues that despite a flood of recentessays portraying AI as an inevitable job-crushing force, the technology can be pro-worker.
President Trump hailed the U.S. intelligence-assisted security operation in Mexico that killed the drug lord known as "El Mencho" during his State of the Union address on Tuesday night, saying: "We've ... taken down one of the most sinister cartel kingpins."
The big picture: Officials working to combat drug trafficking have had a successful week, with prosecutors in Florida announcing charges against a suspected leader of another terrorist-designated Mexican cartel.
The big picture: The speech took place with quite a few members of Congress missing — though that didn't stop several Democrats from shouting their objections or heckling the president during his 108-minute-long speech.
President Trump said on Tuesday he believes tariff revenues could one day "replace" U.S. income tax, the government's primary revenue source.
Why it matters: Customs duties fall well short of the trillions of dollars that Americans pay in taxes each year — income taxes generated roughly 13 times more revenue than tariffs did in the latest fiscal year.
President Trump during the State of the Union on Tuesday revealed he is awarding Connor Hellebuyck, the Team USA goalie who helped the men's Olympic hockey team win gold at the 2026 games, with the Presidential Medal of Freedom.
Why it matters: The award is considered the U.S. government's highest civilian honor and is usually presented to recognize a lifetime of significant achievements in the arts, public service, science, or other fields, per the Library of Congress.
