U.S. Government Takes Equity Stakes In D-Wave (QBTS) And Rigetti (RGTI) With $200 Million In CHIPS Act Funding
Both D-Wave Quantum Inc. (NASDAQ: QBTS) and Rigetti Computing Inc. (NASDAQ: RGTI) surged in premarket trading after securing landmark federal investment agreements. D-Wave shares climbed 5.73% premarket while Rigetti jumped 6.78% following the announcement of definitive agreements with the U.S. Department of Commerce. The deals were executed under the authority of the CHIPS and Science…
GE Aerospace (GE) Races Two Years Ahead Of Cash Flow Schedule As Backlog Swells To $170 Billion
GE Aerospace (GE) shares trade at $337, putting the stock at 39 times trailing earnings, a valuation that demands a compelling underlying story to justify the price. The bullish case here is not about the earnings multiple at all — it centers entirely on cash generation and how fast that cash is arriving. Management has…
Hunter Biden’s $LAPTOP Memecoin Craters 95% Within Hours Of Its Debut
Hunter Biden’s $LAPTOP memecoin suffered a dramatic collapse, losing approximately 95% of its peak value within hours of launching on Coinbase’s Base blockchain. The token initially surged from roughly $37 per coin to more than $222 before crashing to around $1.80, wiping out the gains of countless buyers who entered near the top. According to…
Trump Promises $5,000 “Dividend” Checks If Republicans Win Midterms, But Similar Pledges Have Gone Unfulfilled
Last year, Trump promoted a $2,000 tariff dividend for Americans that never resulted in actual payments being sent to households. Now the president is raising the stakes significantly, promising $5,000 checks to every adult American citizen after the midterms. Trump said: “If the Republicans win the House of Representatives and the United States Senate, both…
Sen. Mike Lee Eyes Senate Judiciary Committee Chairmanship In Rightward Shift
Sen. Mike Lee of Utah is positioning himself as the leading candidate to chair the Senate Judiciary Committee, a move that would mark a significant ideological shift for the panel. The anticipated leadership change comes as term limits push Sen. Chuck Grassley of Iowa out of the committee’s top spot, opening the door for a…
Trump Tells GOP To Act Like He’s On The Ballot At Dallas Midterm Convention
Republicans from across the party are gathering in Dallas this week for a two-day Republican National Committee midterm convention led by President Trump. Trump is directing GOP members to campaign as though he himself is on the ballot during the upcoming midterm elections, setting an aggressive tone for the party. Administration officials, Republican candidates, and…
Rhode Island Progressive David Morales Defeats Incumbent Providence Mayor Brett Smiley In Democratic Primary
Bernie Sanders-endorsed democratic socialist David Morales has defeated incumbent Providence Mayor Brett Smiley in Tuesday’s Democratic primary election. Morales, a Rhode Island state representative, ran a platform centered on rent stabilization, affordable housing expansion, and higher taxes on corporate landlords and polluters. The victory adds Providence to a growing list of cities where progressive democratic…
AST SpaceMobile (ASTS) Slides 24.4% Over Six Months As Execution Risks And Competition Mount
AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…
Rising Rate-Hike Odds Slam Quantum Computing Stocks, With IonQ (IONQ) Leading Sector Lower
Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…
GE Aerospace (GE) Acquires Consolidated Precision Products In $11.75 Billion Deal To Boost Casting Capacity
GE Aerospace (GE) has signed an agreement to acquire Consolidated Precision Products, known as CPP, from private investment firms Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $11.75 billion in total, structured using $7 billion in cash with debt covering the remaining consideration. CPP, headquartered in Cleveland, Ohio, specializes in producing precision-engineered…
