US Politics & Business News
MAGA Inc., President Trump’s super-PAC, has directed $10 million toward Texas Attorney General Ken Paxton’s Senate campaign ahead of November’s midterm elections. Federal Election Commission filings published Saturday confirmed the payment went to political media company Del Ray Media to fund advertising in the high-stakes contest. The spending is split evenly, with $5 million designated…
Despite securing a new European defense contract and a fresh analyst Buy rating, Planet Labs PBC (NYSE: PL) stock sank sharply on Thursday while the broader market advanced. Shares of Planet Labs fell 8% to $18.48 during the session, a notable divergence from the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), which rose 0.6% to…
Despite skyrocketing travel costs, budget-conscious Americans are finding creative ways to keep vacationing without draining their bank accounts. Jami Hagerman, a 29-year-old hairstylist from Oklahoma City, recently spent about $400 on Groupon (GRPN) mystery vacation vouchers that covered airfare and accommodations for her and her husband, with no say over the destination. The couple was…
The Trump administration has announced it will terminate $45 million in annual financial support for Namibia’s HIV response program after roughly twenty years of consistent payments. The final $45 million payment is scheduled for fiscal year 2027, after which the arrangement will shift to what officials are describing as a technical cooperation model going forward….
Planet Labs PBC (NYSE: PL) delivered record second-quarter revenue of $116 million, marking an approximately 58% increase compared to the same period a year earlier. The strong performance was driven by robust execution across satellite services and surging demand from defense and intelligence customers seeking geospatial data solutions. The company’s ability to capture government and…
RTX Corporation (NYSE: RTX) is gaining significant momentum as rising geopolitical tensions push governments around the world to expand their defense budgets rapidly. The company’s stock has climbed roughly 9% year-to-date, reflecting growing investor confidence in RTX’s expanding defense backlog and long-term demand outlook. On September 1, the U.S. Department of War awarded RTX’s Raytheon…
The Trump administration is mounting an unusually wide public push to stop the Federal Reserve from raising interest rates at its upcoming September meeting. President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, and senior economic counselor Peter Navarro have all urged the Fed to avoid a rate hike or cut rates outright….
The 2028 presidential race is already taking shape on the Democratic side, with a wide field of ambitious politicians positioning themselves for a potential run. The party is searching for its next standard-bearer following a difficult stretch that has left many Democrats eager to rebuild their national coalition and reclaim the White House. Among the…
Berenberg launched bullish coverage of three major space sector stocks, pointing to falling launch costs and surging defense budgets as key catalysts for sector growth. Analyst Michael Filatov initiated coverage of AST SpaceMobile (NASDAQ: ASTS), Rocket Lab (NASDAQ: RKLB), and Planet Labs (NYSE: PL), all with Buy ratings, citing a rapidly expanding investable universe in…
General Dynamics (GD) is positioned to capitalize on surging U.S. investment in naval modernization and nuclear deterrence programs through its specialized defense capabilities. The company’s Mission Systems business provides critical fire-control and engineering capabilities that directly support the Navy’s strategic submarine and weapons programs. General Dynamics Mission Systems recently received a $194.1 million contract modification…