US Politics & Business News
Crude oil prices surged toward $100 a barrel Thursday after Iran-backed Houthi militants claimed missile and drone strikes on two Saudi Arabian tankers in the Red Sea. Brent crude climbed 4.21% to $98.03 per barrel in early European trading, marking the commodity’s fifth consecutive day of gains and its highest level in nearly two months….
The Spanish-style Beverly Hills home once rented by the late James Van Der Beek has returned to the rental market five months after his death. The four-bedroom, three-bathroom property at 333 South Roxbury Drive is now listed at $13,950 per month, a notable increase from its $11,000 monthly asking rent in 2021. Van Der Beek,…
Quantinuum (QNT) and SoftBank (SFTBF) have jointly released a white paper titled “Quantum Computing Frontiers,” marking a significant step in the sector’s shift toward real-world commercialization. Rather than cataloging hardware milestones or qubit counts, the paper maps out practical quantum applications across telecommunications, financial services, materials science, and cybersecurity. The collaboration emphasizes hybrid quantum-classical computing…
The 30-year Treasury yield has now remained above 5% for its longest sustained stretch in nearly two decades, raising alarms across financial markets. The milestone marks a significant moment for the bond market, which has been grappling with a complex mix of pressures that show little sign of easing in the near term. The last…
Market strategist Ed Yardeni warned that the breakdown of the U.S.-Iran ceasefire risks sparking a fresh acceleration in price growth across the economy. Yardeni cautioned that rising inflationary pressure from the conflict could compel the Federal Reserve to raise interest rates sooner than markets had previously anticipated. The CME FedWatch tracking tool showed investors now…
Analyst sentiment on D-Wave Quantum (QBTS) is shifting in a more positive direction, with upward revisions to consensus earnings estimates following a significant share price pullback. The stock recently posted a single-day gain of 6.46%, offering some relief after a brutal stretch that left its 30-day return down 27.91% and its year-to-date performance down 36.72%….
ServiceNow (NYSE: NOW) reported stronger-than-expected second-quarter results and raised its full-year outlook, sending shares higher on renewed investor confidence. The enterprise software company posted Q2 earnings of $298 million, or 29 cents a share, on total revenue of $3.99 billion, representing a 24% increase from the same period a year ago. Non-GAAP earnings came in…
Both AST SpaceMobile and Redwire are competing for investor dollars in the fast-growing space systems economy, but their financial profiles tell very different stories. The two companies share at least one thing in common: both stocks have fallen more than 50% from their recent highs, shaking the confidence of early believers. AST SpaceMobile is focused…
GE Aerospace (GE) has delivered a 29.5% return over the past year, outpacing the S&P 500’s 20.1% gain and easily beating the broader industry’s 4.8% decline. The jet engine maker also outperformed key rivals, with RTX Corporation (RTX) returning 23.8% and L3Harris Technologies (LHX) posting a modest 3% gain over the same period. Shares closed…
Brent crude futures climbed above $95 a barrel Wednesday, hitting their highest level in six weeks as tensions between the United States and Iran intensified sharply. U.S. West Texas Intermediate crude also surged, reaching $88.10 a barrel before pulling back modestly during later trading sessions. Both benchmarks marked their highest levels since June 11 and…