US Politics & Business News
Two Democratic senators are pressing the Department of Homeland Security for answers after reports surfaced that agency funds were used to air television advertisements promoting President Trump. Senators Patty Murray of Washington and Chris Murphy of Connecticut sent a formal letter to DHS Secretary Markwayne Mullin on Tuesday, demanding he respond to pointed questions about…
SpaceX (NASDAQ: SPCX) stock climbed 2% to $149.02 during the afternoon session after Starship successfully carried an operational payload to orbit for the first time. The company confirmed that Starship released a batch of next-generation Starlink satellites once in orbit, marking the vehicle’s first mission with a working payload. SpaceX also reported that Starship completed…
The Zacks Aerospace-Defense industry is drawing renewed investor attention as rising geopolitical tensions, higher military budgets, and sustained air-travel demand reshape the sector’s outlook. Governments around the world are accelerating defense modernization programs, investing in advanced weapons systems, and expanding long-term procurement contracts that give defense contractors greater earnings stability. Despite these tailwinds, the industry…
AMD has struck a deal to acquire World Labs in an all-stock transaction valued at approximately $8.2 billion, marking a major expansion of its artificial intelligence ambitions. The acquisition brings aboard the AI research company founded by Dr. Fei-Fei Li, a prominent figure in the field of artificial intelligence and machine learning. World Labs specializes…
Mayor Zohran Mamdani’s office filed an appeal Tuesday after a Staten Island judge barred notices from being sent to homeowners affected by the pied-à-terre tax. The city invoked the “auto stay” provision, which under New York law allows implementation of the tax on second homes worth more than $5 million to continue while the ruling…
Space-based infrastructure has moved from speculative theory to commercial reality, drawing investors toward high-growth pioneers like AST SpaceMobile (ASTS) and Firefly Aerospace (FLY). AST SpaceMobile trades at $59.40, down 2.62%, with a market capitalization of $18 billion, while Firefly Aerospace trades at $22.86, down 5.18%, with a market cap of $4 billion. AST SpaceMobile is…
Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced a multi-million-dollar expansion of its West Des Moines, Iowa manufacturing facility covering 14,000 square feet. The investment is designed to increase production capacity as demand grows across both commercial and military aviation programs served by the site. The West Des Moines facility specializes in…
Paramount Skydance Corp. has spent months in talks with investors over the debt package funding its Warner Bros. Discovery acquisition, and the delay is proving extremely costly. Growing fears about global inflation have pushed borrowing rates higher, meaning the company will pay hundreds of millions of dollars more annually in interest than it would have…
The Supreme Court has declined to intervene in the case of Christa Pike, allowing Tennessee to proceed with its first execution of a woman in 200 years. Pike, 50, was scheduled to be executed by lethal injection at 10 a.m. Wednesday at Riverbend Maximum Security Institution in Nashville, where she remains the only woman on…
Quantum computing stocks have struggled to find momentum in recent months, but a potential catalyst may be taking shape on Capitol Hill. A Jefferies analyst says Congress could soon pass key legislation that would provide a significant boost to the sector. Stocks including D-Wave Quantum (QBTS), IonQ (IONQ), and Rigetti Computing (RGTI) have all seen…