US Politics & Business News
Texas Attorney General Ken Paxton’s Republican Senate campaign has received a massive financial injection of nearly $54 million from the Senate Leadership Fund’s Texas-based affiliate. The Austin-based Texas PAC donated more than $53.8 million to Paxton’s campaign, according to filings submitted to the Federal Election Commission. The committee is affiliated with the Senate Leadership Fund,…
Viasat, Inc. (VSAT) is making a significant strategic move by forming Equatys, a global Direct-to-Device satellite infrastructure venture with UAE-based Space42. Equatys is designed to function as an independent, neutral and multi-participant satellite infrastructure platform for D2D and advanced mobile satellite services. The network plans to use 3GPP-compliant non-terrestrial network technology, enabling ordinary smartphones and…
RTX (RTX) closed the latest trading session down 1.18%, settling at $195.34, while the broader S&P 500 recorded a comparatively modest daily loss of 0.48%. The Dow Jones Industrial Average fell 0.29% during the same session, and the tech-heavy Nasdaq index declined 0.56%, both outperforming the aerospace and defense giant. RTX’s monthly performance has been…
The House Rules Committee approved bipartisan legislation Monday designed to significantly increase economic and diplomatic pressure on Russia over its ongoing war in Ukraine. The bill would grant President Trump broad authority to impose penalties on individuals working on behalf of the Russian government to stall peace negotiations with Ukraine. The legislation also targets those…
AST SpaceMobile (ASTS) sits at the center of one of the most heated debates in the satellite internet investment space right now. With a market cap of $24 billion, the stock already prices in significant success for its satellite internet constellation, leaving little room for error. The company currently generates close to zero in revenue,…
D-Wave Quantum (NASDAQ: QBTS) shares fell 3.8% in premarket trading Monday after a government share registration created a fresh supply overhang for the quantum-computing stock. The U.S. Department of Commerce registered 7,095,721 shares of QBTS for potential resale, raising investor concerns about future selling pressure entering the open market. The registered shares were valued at…
The U.S. Senate returned from a five-week recess, but it remained unclear whether Kentucky Republican Sen. Mitch McConnell would end his prolonged absence from Capitol Hill. McConnell has been away from the Senate for roughly three months due to ongoing health issues that have raised persistent questions about his capacity to serve. The senator was…
Yankee Stadium is among 10 locations in the South Bronx where cooling towers have tested positive for Legionella bacteria amid an active disease outbreak. The New York City Department of Health ordered all 10 towers that tested positive to be cleaned and disinfected by Monday following Sunday’s findings. Officials cautioned that polymerase chain reaction testing…
Quantum Computing Inc. (QUBT), also known as QCi, is navigating increasingly difficult conditions in the competitive quantum-computing market amid growing investor scrutiny. Investors are placing greater emphasis on revenue visibility, cash requirements and commercialization milestones over qubit achievements and government contract wins. QUBT stock has shed 28% over the past month, significantly underperforming the broader…
JPMorgan (JPM) strategists are sounding the alarm as Brent crude punches through $100 per barrel, warning markets may not be ready for what comes next. The bank’s core concern is not simply that oil is expensive, but that the eventual decline could arrive fast enough to blindside traders positioned on the wrong side. Brent crude…