US Politics & Business News
Treasury Secretary Scott Bessent is defending Federal Reserve Chair Kevin Warsh amid growing market turbulence over the central bank’s new communications approach. Bessent said Warsh is under no pressure to cut interest rates, signaling the administration’s confidence in the newly installed Fed chief despite rattled investor sentiment. At the center of the debate is Warsh’s…
Shares of AST SpaceMobile (ASTS) climbed to their highest level in nearly three weeks on Monday, rising 8% to $63.52 and marking a third consecutive session of gains. The rally was fueled by a Meta Platforms executive publicly outlining a vision for delivering WhatsApp through AST SpaceMobile’s satellite network to users around the world. Vinod…
The battle for premium large-format screens is intensifying as two blockbusters compete for the same IMAX auditoriums across North America this summer. Sony’s Spider-Man: Brand New Day was initially shut out of IMAX screens during its opening weekend due to Christopher Nolan’s The Odyssey occupying virtually every available auditorium. The Odyssey’s dominance stems from Nolan’s…
Retirement planning decisions carry enormous long-term consequences, and few choices are more financially significant than buying a home outright with cash late in life. For retirees sitting on substantial savings, the temptation to eliminate a mortgage payment entirely by purchasing a home with cash can feel like a smart, stress-free move. However, financial planners consistently…
Tech stocks climbed higher during late Monday afternoon trading, with several major names posting significant gains across the sector. Microsoft (MSFT) was among the standout performers, rising 4.93% as investors pushed the software giant’s shares sharply higher during the session. Quantum computing firm D-Wave Quantum (QBTS) led the broader tech rally with an impressive 10.51%…
Microsoft (MSFT) is experiencing a historic stock rally not seen in 26 years, erasing a punishing stretch of losses that had weighed on the company throughout much of 2026. The surge has been driven largely by blowout results from Microsoft’s Azure cloud division, which helped the company exceed profit expectations in its most recent quarterly…
The latest ISM manufacturing survey for July revealed the fastest pace of U.S. factory growth in more than four years, with a headline reading of 55.6. That figure surpassed Wall Street expectations of 54.0 and represents the strongest performance since May 2022, according to the Institute for Supply Management. The index measures the share of…
Boeing is delivering commercial aircraft at its fastest pace in years, yet the financial rewards from that production surge have barely begun to materialize. The company delivered 171 commercial airplanes in the second quarter of 2026, its highest quarterly total since 2018, on revenue of $24.6 billion, up 8% year over year. Despite that operational…
West Texas Intermediate crude futures dropped more than 6% to $79.10 per barrel on Monday, while Brent crude futures fell more than 5% to $82.99 a barrel. The sharp selloff came after President Donald Trump announced he had called off a planned military strike against Iran following diplomatic outreach from Tehran and regional allies. Trump…
D-Wave Quantum Inc. (NASDAQ: QBTS) and Nasdaq Verafin have announced a new agreement aimed at exploring quantum computing’s role in detecting financial crime. The partnership will focus on developing quantum-hybrid machine learning applications designed to identify fraud, scams, and money laundering with greater precision. D-Wave, the only dual-platform quantum computing company offering both annealing and…