US Politics & Business News
The U.S. labor market delivered a powerful surprise in August, adding far more jobs than economists predicted and signaling renewed hiring momentum heading into fall. Nonfarm payrolls rose a seasonally adjusted 162,000 for the month, blowing past the Dow Jones economist consensus estimate of just 53,000 new jobs. The unemployment rate held steady at 4.1%,…
Nearly 30 percent of AI chatbot responses to common voting questions are inaccurate, incomplete, or outdated, according to a new study from the Institute for Strategic Dialogue. Researchers with ISD, an organization focused on extremism, disinformation, and online threats, tested 15 generic prompts across six AI chatbots to assess their reliability on election information. The…
Both companies are racing to blanket the globe with satellite connectivity, but their strategies and valuations tell very different stories for investors weighing their options. AST SpaceMobile (ASTS) is building a proprietary satellite constellation designed to connect directly to standard smartphones without requiring any hardware modifications from users. That direct-to-device approach sets AST apart from…
Redwire Corporation (RDW) has surged 14.3% over the past six months, sharply outperforming the Zacks Aerospace-Defense industry, which fell 15.1% in the same period. The company’s gains stand in contrast to peers Huntington Ingalls Industries (HII) and RTX Corporation (RTX), which posted notably weaker results over the same stretch. HII tumbled 31% over the past…
Women accounted for a dominant share of job growth in August, representing approximately 98% of all positions added during the month. According to a CNBC analysis of Bureau of Labor Statistics data, women gained 158,000 of the 162,000 total jobs added in August, leaving men with just 4,000 net positions. That disparity means men contributed…
The Trump administration is moving to fast-track oil and gas drilling approvals in Alaska, targeting one of the most resource-rich regions in North America. The Bureau of Land Management is at the center of the effort, with proposals aimed at streamlining the permitting process for energy development in the National Petroleum Reserve-Alaska. The National Petroleum…
SpaceX reclaimed a $2 trillion valuation this week, driven by growing enthusiasm for its AI platform and orbital computing ambitions. Over the past week, SPCX climbed 6% and ASTS gained 1%, while PL plunged 13%, LUNR fell 9%, RDW dropped 8%, RKLB lost nearly 6%, and FLY declined 5%. Oppenheimer raised its SpaceX price target…
Pratt & Whitney, a business unit of RTX (NYSE: RTX), is investing $25 million to expand its precision parts manufacturing facility in Niepołomice, Poland. The expansion, equivalent to PLN 95 million, is designed to increase production capacity for both commercial and military engine components at the existing site. The expanded facility is expected to become…
The United Nations issued a stark warning Thursday that an intensifying El Niño climate event will persist until February 2027, threatening economies worldwide. UN Secretary General António Guterres declared that El Niño was being “supersized before our eyes,” signaling an escalating crisis with broad economic consequences. “The world is in the danger zone of extreme…
Maryland’s Supreme Court ruled Thursday evening to keep a Democrat-led redistricting referendum on the state’s November ballot, though with revised wording. The ruling overturns a lower court’s earlier decision to block the proposed ballot question, marking a significant win for Democrats seeking to reclaim House seats. If approved by voters, the state constitutional amendment would…