US Politics & Business News
AppLovin (APP) shares tumbled nearly 20% on Wednesday, putting the stock on pace for its worst single-day performance in more than a year. The mobile advertising technology company posted second-quarter earnings of $3.76 per share on revenue of $1.92 billion, narrowly missing analyst forecasts of $3.77 per share on $1.95 billion in revenue. AppLovin’s business…
GE Aerospace’s (GE) Commercial Engines and Services segment is currently the most powerful growth engine within the company’s overall business portfolio. In the second quarter of 2026, revenues from the Commercial Engines and Services segment climbed 27% year over year to reach $9.73 billion. Services growth of 26% drove much of that gain, with internal…
Missouri voters have dealt a decisive blow to a proposed measure that would have eliminated the state’s income tax, a significant moment in ongoing national debates over tax policy. The failed Missouri ballot measure reflects the difficulty of persuading voters to accept sweeping structural changes to state revenue systems, even in politically conservative states. Attention…
AST SpaceMobile, Inc. (ASTS) closed at $68.38 in the latest trading session, representing a decline of 2.74% from the previous day’s closing price. The move significantly underperformed the S&P 500, which posted a comparatively modest daily loss of just 0.17% during the same session. The Dow Jones Industrial Average managed to buck the downward trend,…
Kratos Defense & Security Solutions (KTOS) reported second-quarter 2026 adjusted earnings of 21 cents per share, blowing past the Zacks Consensus Estimate of 13 cents by 61.5%. That bottom-line result marked a 90.9% jump from the year-ago quarter’s adjusted earnings of 11 cents per share, signaling strong operational momentum. GAAP earnings came in at 2…
Figma shares fell sharply in after-hours trading Wednesday despite the design software company posting a decisive second-quarter earnings beat driven by its aggressive artificial intelligence push. The company reported second-quarter revenue of $370.08 million, surpassing analyst estimates of $351.56 million by a considerable margin. Adjusted earnings came in at eight cents per share, doubling the…
AST SpaceMobile (ASTS) and Vertiv Holdings (VRT) represent two very different bets for growth-oriented investors weighing their options in 2026. AST SpaceMobile trades at roughly 225 times its trailing 12-month revenue, a premium valuation that reflects the market’s high expectations for the satellite connectivity company. Vertiv, by contrast, trades at approximately 9 times revenue, a…
Raytheon, a division of RTX (NYSE: RTX), has delivered and installed the first SPY-6(V)4 radar array at Wallops Island, marking a significant program milestone. The radar system is a core component of the U.S. Navy’s Flight IIA Destroyer modernization and backfit program, a long-term defense initiative. Extensive testing of the newly installed SPY-6(V)4 system is…
An aging relative has lost the ability to care for himself, forcing a family member to wrestle with a deeply personal and financially complex ethical dilemma. The situation was submitted to MarketWatch’s personal finance advice column, “Don’t Short Yourself,” where readers bring difficult money and life questions for guidance. The writer expressed reluctance to abandon…
Shares of AST SpaceMobile (ASTS) fell 2% on Wednesday after surging 11% the prior session, as investors weighed a successful satellite launch against broader market movements. The company confirmed the successful deployment of BlueBird satellites 11, 12, and 13 early Wednesday morning, marking another step forward in its space-based cellular broadband ambitions. SpaceX’s Falcon 9…