US Politics & Business News
SoFi Technologies (SOFI) shares fell more than 9% on Wednesday even as the fintech company reported stronger-than-expected second-quarter earnings and lifted its full-year revenue outlook. The company generated revenue of $1.22 billion for the quarter ended June 30, a 42% increase from a year earlier and well ahead of analyst expectations of $1.13 billion. Adjusted…
Space stocks sold off sharply this week even as the FAA unveiled a sweeping proposal to strip away environmental red tape for rocket launches. The Federal Aviation Administration proposed waiving requirements under 13 federal environmental laws for qualifying launch and reentry licenses, a move the Department of Transportation framed as a major step toward accelerating…
Investors scanning the aerospace and defense sector for value opportunities are increasingly focusing their attention on two prominent names: Embraer (EMBJ) and RTX (RTX). Both stocks currently hold a Zacks Rank of #2 (Buy), reflecting positive earnings estimate revisions that signal an improving outlook for each company. While both companies earn strong marks for earnings…
Wall Street emerged from Wednesday’s Federal Reserve decision increasingly convinced that a rate hike is coming, likely as soon as September. The Fed held interest rates steady at the second meeting led by Chairman Kevin Warsh, but the decision carried a distinctly hawkish tone that rattled investors across asset classes. Three policymakers broke from the…
Both AST SpaceMobile and QuantumScape represent high-risk, pre-profitability bets on transformative technologies that have yet to reach commercial scale. AST SpaceMobile (ASTS) is building a first-of-its-kind space-based cellular network through strategic partnerships with major global telecom carriers around the world. QuantumScape (QS) is pursuing the commercialization of solid-state batteries with backing from industry partners that…
General Dynamics (GD) delivered second-quarter financial results that surpassed Wall Street expectations, prompting the defense contractor to raise its earnings outlook for the full year. The company’s performance signal strong operational momentum heading into the second half of 2026, as defense spending continues to attract significant investor attention across the sector. General Dynamics operates across…
Las Vegas is experiencing the sharpest home price declines of any major American city, according to new data highlighting the depth of the housing market’s struggles in the desert. The average Las Vegas house price stood at $454,000 last month, reflecting a 1.4% decline compared to the same period one year ago. A Redfin report…
D-Wave Quantum Inc. (NYSE: QBTS) snapped a three-day losing streak on Monday, surging as much as 19.6 percent to $19.39 per share following two major announcements. The quantum computing company confirmed it signed a commercial collaboration agreement with AT&T (NYSE: T) on the same day its shares were uplisted to the New York Stock Exchange….
The Centers for Medicare and Medicaid Services has announced it will discontinue a key program that helped keep prescription drug premiums affordable for millions of Americans. The Part D Premium Stabilization Demonstration, launched in 2025, provided critical financial relief to beneficiaries enrolled in standalone Medicare prescription drug plans. CMS released preliminary technical Medicare Part D…
AST SpaceMobile, Inc. (ASTS) closed the most recent trading session at $56.55, registering a decline of 2.99% from the prior session’s closing price. The move contrasted sharply with the S&P 500, which posted a daily gain of 0.21% during the same period. The Dow Jones Industrial Average advanced 1.03% on the day, while the tech-heavy…