US Politics & Business News
SpaceX (NASDAQ: SPCX) has erased its post-IPO gains almost entirely, with shares sliding back toward the $135 offering price from a peak of $225.64. The stock priced at $135 on June 12, 2026, surged to an intraday high before reversing sharply, and now trades near $139.14 after a 4.24% single-day decline. SPCX has fallen 13.55%…
L3Harris Technologies (LHX) is actively aligning its business strategy to capitalize on sweeping changes in how the U.S. military procures defense systems and technologies. The company’s so-called Trusted Disruptor strategy is central to its effort to meet evolving defense customer demands for speed, agility and measurable mission outcomes. L3Harris is directing investment toward advanced mission…
JPMorgan Chase (JPM) reported second-quarter net income of $21.2 billion, or $7.70 per share, the highest quarterly profit in the bank’s history. The blowout results were fueled by a surge in stock-trading revenue and a $4.6 billion gain on the bank’s Visa (V) stake. Excluding those one-time gains and $1.0 billion in gains on certain…
D-Wave Quantum Inc. (NYSE: QBTS) announced it will voluntarily transfer its common stock listing from the New York Stock Exchange to Nasdaq, effective after market close on July 24, 2026. The company confirmed its ticker symbol will remain “QBTS” when trading on Nasdaq begins on July 27, 2026, ensuring continuity for existing shareholders. D-Wave described…
Crude oil prices surged dramatically this week, posting their biggest two-day percentage gain in four months amid a sharp escalation in U.S.-Iran hostilities. U.S. benchmark crude jumped 5.8% to $74.55 a barrel during the session, hitting an intraday high of $76 per barrel after President Trump declared the Iran ceasefire “over.” U.S. crude ultimately closed…
SpaceX shares are approaching their initial public offering price of $135 after a dramatic retreat from record highs, raising questions about the company’s lofty valuation. The aerospace giant went public at $135 a share roughly a month ago in a record-breaking IPO that valued the company at more than $1.7 trillion and raised $85.7 billion…
IonQ (NYSE: IONQ) is leading a broad selloff across quantum computing stocks Monday, falling 8% to $39.52 with no company-specific news driving the decline. The move extends a painful stretch for IONQ shareholders, with shares now down 31% over the past month as sentiment has steadily deteriorated. D-Wave Quantum (NYSE: QBTS), Rigetti Computing (NASDAQ: RGTI),…
US margin debt has surged to a record $1.4 trillion in May 2026, raising alarm bells among Wall Street analysts and market watchers. Data from FINRA shows that figure represents a stunning 54% jump compared to the same period last year, reflecting aggressive risk-taking by retail and institutional investors alike. Investors added roughly half a…
SanDisk Corp. (SNDK) shares have dropped sharply this month, even as Wall Street analysts grow more confident in the company’s long-term earnings power. The stock slumped 16% to $1,915 in July through Friday, then closed Monday’s session down an additional 12.63%, extending losses further in after-hours trading. Despite the steep decline, SNDK is still up…
Boeing (BA) has stabilized its most important production line, but the real challenge for investors lies in a single production number that will determine the company’s financial future. For shareholders who have watched Boeing underperform the broader market over the past year, the path forward appears straightforward: convert a massive backlog into meaningful cash flow….