US Politics & Business News
A new financial benchmark developed by the Aspen Institute finds that approximately three-fourths of Americans do not have the wealth needed to prosper in today’s economy. The findings paint a stark picture of financial insecurity across the United States, cutting across multiple age groups and income levels. The Aspen Institute’s benchmark is designed to measure…
SpaceX remains one of the most anticipated and talked-about potential public offerings in modern financial market history. Retail investors gaining access to coveted IPO allocations through financial advisers has become an increasingly discussed topic among wealth management clients. When a sought-after private company prepares to go public, securing a full allocation of shares is considered…
AST SpaceMobile (ASTS) delivered a sharp reversal for investors on Tuesday, closing up 10.3% after announcing a massive new debt financing deal. The catalyst was the closing of a private offering for $1.15 billion in convertible senior notes, a move that initially looked like bad news for a cash-burning startup. For most companies, piling on…
RTX (NYSE: RTX) delivered strong second-quarter 2026 results, demonstrating solid performance across its commercial aerospace and defense business segments. The defense and aerospace giant reported record backlog levels, reflecting substantial contracted work across its key operating divisions heading into the second half of the year. RTX raised its full-year 2026 guidance following the quarterly results,…
American workers are being warned to expect smaller paychecks as salary growth continues its steady retreat from pandemic-era highs. The typical worker will receive a 4.1% pay raise in 2025, a notable drop from the 4.5% increase most employees saw the prior year. Those figures come from a poll conducted by WTW, a consulting firm,…
Lockheed Martin (LMT) has reached a significant milestone, with its order backlog hitting a new all-time high of $230 billion in signed and committed future work. That figure represents nearly three years of revenue already locked in, offering a degree of forward visibility that most companies can only dream about. Despite that extraordinary demand signal,…
A 73-year-old letter writer is wrestling with whether it is appropriate to tell their 96-year-old stepmother that they do not want to inherit her property. The stepmother owns a house in another town, the same house the letter writer grew up in, which she currently rents out to tenants. Despite her age and the value…
After a powerful second quarter rally, quantum computing stocks have faced sharp selling pressure throughout July as investors lock in gains. Pure-play names including Rigetti Computing (RGTI), Quantum Computing Inc. (QUBT), D-Wave Quantum (QBTS), and IonQ (IONQ) have all pulled back significantly in recent weeks. Zacks’ short-term price targets continue to imply triple-digit upside for…
One of the most enduring questions in personal finance and behavioral economics is how people weigh a guaranteed sum against a much larger but uncertain payout. The classic dilemma pits a certain $65,000 in hand today against a 50-50 coin flip that could yield $1.3 million or nothing at all. Mathematically, the expected value of…
The closure of the Strait of Hormuz in early 2026 triggered what the IEA immediately described as the largest supply disruption in the history of the global oil market. The strait’s effective shutdown cut off approximately 15 million barrels per day of crude oil, a volume that dwarfs every previous disruption in modern energy history….