US Politics & Business News
AST SpaceMobile (ASTS) presents investors with a striking valuation paradox, trading at 147.7 times sales while shares remain 57.2% below their 52-week high. The company has posted a net loss of approximately $0.6 billion over the last twelve months, yet buyers continue to price in enormous future potential. For comparison, the S&P 500 trades at…
RTX Corporation (NYSE: RTX) continues to secure major defense contracts at a rapid pace, yet CNBC’s Jim Cramer sees a complication holding the stock back from its full potential. During the October 5 episode of Mad Money, a caller asked Cramer why RTX had recently shown signs of weakness, prompting him to address broader concerns…
The Federal Reserve released its Survey of Consumer Finances on Friday, revealing that American families are struggling with debt obligations at levels unseen since the aftermath of the 2008 financial crisis. The portion of families behind on loan payments soared from about 12% in the prior survey period to nearly 20% by the end of…
Shares of AST SpaceMobile (ASTS) fell 4% after hours Thursday after SpaceX agreed to acquire nationwide spectrum that AST had previously pursued. ASTS stock had already dropped 6% during regular trading to close at $56.93, its lowest closing price in over a month. Shares are down nearly 3% for the week, putting ASTS on track…
Raytheon, a unit of RTX (NYSE: RTX), has secured a five-year U.S. Navy contract for Standard Missile 6 interceptors valued at up to $24.4 billion. The agreement covers production supporting both offensive strike and missile defense missions across multiple Navy platforms. The contract represents one of the most significant munitions awards in recent defense industry…
In Minneapolis, the effects of Operation Metro Surge continue to devastate local businesses long after the federal immigration enforcement operation officially concluded. Daniel Hernandez, owner of Colonial Market grocery stores, says sales at his stores have declined by roughly 60% since ICE officers made his parking lot a regular hangout. “We’re barely — literally barely…
Republican Mike Rogers and Democrat Abdul El-Sayed clashed fiercely in their first Michigan Senate debate, with tensions so high the arguing continued through commercial breaks. “In 30 years of doing debates, I’ve never seen it continue during the commercial,” WOOD TV moderator Rick Albin said. “But it did.” The debate, hosted by Nexstar’s Grand Rapids…
D-Wave Quantum (NYSE: QBTS) has lost nearly 40% of its value in 2026, yet Wall Street analysts remain almost unanimously bullish on the stock’s recovery potential. The stock currently trades at $15.79, well below the consensus analyst price target of $34.65, implying roughly 119% upside from current levels. Rosenblatt Securities analyst John McPeake holds the…
Tech stocks tumbled after a report revealed OpenAI’s annualized revenue is approximately $20 billion less than previously reported figures. OpenAI, the maker of ChatGPT, told investors its annualized revenue was nearing $50 billion, according to the Financial Times. That figure stands well below the $70 billion previously reported by media outlets, including the Financial Times…
Johnson’s comments represent the most candid acknowledgment yet of what a Democratic House takeover would mean for his political future. Speaker Mike Johnson suggested this week that he could leave Congress entirely if Democrats manage to reclaim control of the House in upcoming elections. The Louisiana Republican, who has led the chamber through one of…