US Politics & Business News
RTX Corporation (NYSE: RTX) came under scrutiny on Mad Money after a caller asked host Jim Cramer to explain why the defense and aerospace giant’s stock has been sliding lower. Cramer pointed directly to the Federal Reserve’s rate-hiking cycle as the primary driver behind the pressure on high-multiple stocks like RTX. “Okay, here’s what’s happening….
House Republicans have departed Washington for a seven-week pre-midterms recess, leaving behind a string of unresolved affordability concerns that could weigh heavily on the party heading into Election Day. A perfect storm of cost-of-living issues is developing for Republicans, and they have all but given up on passing legislation to address those concerns before November….
A securities class action lawsuit has been filed against AST SpaceMobile and several of its executives, putting the company’s investment narrative under fresh scrutiny. The suit alleges that the company made misleading statements about its capital strength, competitive position in satellite direct-to-cell services, and insider stock sales during the period between March 4, 2025 and…
RTX Corporation (NYSE: RTX) announced that its Pratt & Whitney division will invest $25 million to expand its manufacturing facility in Niepołomice, Poland. The Niepołomice site produces complex tubular assemblies for both military and commercial engines, supporting several key programs across the company’s portfolio. Engines supported at the facility include the F135, the Pratt &…
On Thursday, the House of Representatives passed the most sweeping Russia sanctions package Washington has assembled since the invasion of Ukraine, and sent it to a president who has wavered for years over whether to sign such things at all. The vote was 262 to 159, following an 86-to-11 landslide in the Senate in August….
The 10-year Treasury note has logged its worst five-year return in more than a century, according to data from Goldman Sachs. A prolonged bond sell-off, driven by deep investor concerns over inflation and rising government debt, has sent shockwaves through financial markets globally. The turmoil is not confined to Wall Street, as rising yields are…
Sen. Thom Tillis (R-N.C.) is intensifying his calls for the removal of Defense Secretary Pete Hegseth, despite having voted to confirm him. Tillis delivered his sharpest remarks yet on Thursday, telling reporters, “He needs to go, whether it’s impeachment or the most expedient route — just the president to replace him — would be great.”…
InterDigital, Inc. (IDCC) has gained just 5.2% over the past year, a figure that looks weak against the broader industry’s growth of 24.7% over the same period. The underperformance is even more visible when compared with peers like AST SpaceMobile (ASTS) and Ericsson (ERIC), which gained 48.4% and 26.3% respectively during that stretch. However, the…
RTX Corp (RTX) posted impressive second-quarter 2026 results, with adjusted earnings per share of $1.89 and revenue of $24.71 billion, both well above analyst estimates. The aerospace and defense giant’s backlog surged 22% year-over-year to $289 billion, a figure that immediately grabbed the attention of investors and Wall Street analysts alike. That massive backlog is…
Despite bold rhetoric from BRICS leaders at their latest summit, experts say the bloc’s push to move away from the U.S. dollar faces enormous structural and political obstacles. BRICS leaders used the summit to assert the need for greater use of local currencies in intra-BRICS trade, driven by frustration over geopolitical tensions, U.S. sanctions, tariff…