US Politics & Business News
President Trump celebrated NASA’s successful launch of its Nancy Grace Roman Space Telescope on Sunday, calling it a defining moment for American space ambition. Trump posted his congratulations on Truth Social, writing, “Congratulations to NASA Administrator Jared Isaacman, and the Great Patriots at NASA, on a successful launch.” The president punctuated his message with a…
AI remained a central force powering tech stocks during the final week of August, drawing intense retail investor attention across several high-profile names. Nvidia (NVDA) reported fiscal second-quarter revenue of $96.2 billion on Aug. 26, representing a 106% increase from a year earlier and surpassing Wall Street’s $92.2 billion expectation. The chipmaker guided for approximately…
China’s factory activity shrank for a second straight month in August, though the contraction was smaller than economists had anticipated, adding pressure on Beijing to shore up the slowing economy. The official purchasing managers’ index came in at 49.8 in August, an improvement from 49.2 recorded in July, according to data released Monday by the…
The U.S. military struck two Iranian rocket launchers on Sunday, marking its first attack on Iran in more than a month, according to a U.S. official. American forces targeted the two launchers on Larak Island after observing Islamic Revolutionary Guard Corps forces preparing to launch rockets with sea mines into the Strait of Hormuz. U.S….
Freedom Fuel gas stations, promoted by the Trump administration for their low prices, allegedly sold fuel their supplier never received payment for, according to a newly filed lawsuit. Mansfield Oil Company filed the suit on August 19 in U.S. District Court in Eastern Pennsylvania, targeting KRSM, a foreign corporation linked to the Freedom Fuel Network….
U.S. margin debt has surged to a record $1.4 trillion in May, rising 54% from a year earlier, according to data from FINRA. The staggering rise in borrowed money reflects a broader cultural shift among both retail and institutional investors who are increasingly comfortable taking on significant financial risk. Leveraged exchange-traded funds, which produce double…
RTX (RTX) has reached a record backlog of $289 billion, climbing 22% year-over-year and 6% sequentially, a milestone that signals more than simple growth. The real story behind the backlog is its composition, with commercial aerospace accounting for the larger share in a roughly 60/40 split over defense contracts. That split has benefited RTX significantly,…
D-Wave Quantum (NASDAQ: QBTS) occupies a genuinely rare position in the technology sector, operating as a pure-play quantum computing company with real paying customers. Unlike many of its competitors still locked in laboratory phases, D-Wave’s annealing systems are already running production workloads at major corporations including AT&T. That commercial milestone, which no other quantum computing…
The letters K, C, and E are not initials or fraternity symbols — they are the terms economists, executives, and politicians now use to describe the U.S. economy. Since the pandemic recovery, economists largely agreed the economy was “K-shaped,” meaning different income groups were moving in opposite directions with growing inequality between them. That consensus…
Corporate earnings have surged at an extraordinary rate, but analysts and strategists increasingly warn the breakneck pace is unsustainable heading into next year. The S&P 500 was on track to deliver second-quarter earnings growth of 47% on a yearly basis, up sharply from around 20% prior to the start of the earnings season, according to…