US Politics & Business News
The S&P 500 was trading within 2 percentage points of its record closing high recently, but a closer look reveals a far less optimistic picture beneath the surface. While the headline index continues to project strength, a significant number of individual stocks have fallen 20 percent or more from their recent peaks, meeting the traditional…
The three banned news outlets are asking a federal judge to maintain protections blocking the Trump administration from enforcing its White House press ban. The conflict began when President Trump announced he would ban CNN, MSNBC, and Politico from the White House complex, describing the move as “effective immediately.” Trump made clear his decision stemmed…
AST SpaceMobile (ASTS) has delivered a dramatic share price run over the past three years, putting serious pressure on questions about how much its net assets can justify. With such a sharp move already behind investors, the central debate now is whether the current valuation remains grounded in book value or has simply run ahead…
The November-to-April period has historically been one of the strongest stretches of the calendar year for equity markets, delivering consistent gains for investors. This reliable seasonal pattern has long encouraged investors to increase exposure to stocks heading into the final months of each year. However, at least one proprietary strategist model is now signaling that…
President Trump on Monday forcefully denied a report from Axios claiming he offered Iran sanctions relief and unfrozen funds in exchange for nuclear concessions. Trump took to Truth Social to reject the story, calling it a fabrication designed to fuel what he described as media bias against his administration. “Axios just released a story that…
Shares of AST SpaceMobile (ASTS) climbed 0.2% overnight after the company disclosed a new change-of-control severance plan covering its CEO and senior executives. The plan, adopted by the board’s compensation committee and disclosed in a Monday filing, covers CEO Abel Avellan along with the company’s president, executive vice presidents, and senior vice presidents. Under the…
SpaceX is no longer just a rocket company, and Wall Street analysts are increasingly focused on its fast-growing artificial intelligence infrastructure business. The company has been securing major AI compute deals that analysts believe could dwarf revenues from its core launch and satellite operations in the years ahead. TD Cowen projects that SpaceX’s terrestrial AI…
Senate Majority Leader John Thune has publicly criticized the Trump administration for running taxpayer-funded advertisements that closely resemble campaign materials from the 2024 presidential race. The ads, which carry an on-screen disclaimer reading “Paid for by the U.S. Government,” have aired on major cable and broadcast television networks across the country. One television advertisement features…
Senate Democrats are escalating their pushback against Homeland Security Secretary Markwayne Mullin over concerns about federal immigration officials interfering in elections. Sen. John Fetterman (D-Pa.), a centrist often at odds with his party, joined 33 Senate Democratic colleagues in signing a letter directed at Mullin demanding immediate action. Sen. Gary Peters (D-Mich.), the ranking member…
BofA Securities has initiated coverage on IonQ (IONQ) with a Buy rating, signaling growing Wall Street confidence in the quantum computing sector. The firm cited IonQ’s recent acquisitions as a key factor in its assessment, arguing the deals are transforming the company into a diversified quantum technology platform. IonQ has been steadily building out infrastructure…