US Politics & Business News
IonQ (NYSE: IONQ) chief executive Niccolo de Masi used his company’s investor day to deliver one of the boldest pitches in recent quantum computing history. De Masi claimed quantum machines are becoming more powerful without becoming proportionally more expensive, a statement that, if true, would fundamentally change the economics of the sector. He also warned…
U.S. diesel prices have broken through a historic threshold, hitting $6.00 per gallon for the first time ever, according to live GasBuddy data recorded on Thursday. The national average diesel price climbed further to $6.05 per gallon by Friday, according to AAA’s tracker, marking the first time the figure has breached the $6 mark on…
CMS Administrator Dr. Mehmet Oz has publicly stated his desire for Senator John Fetterman to abandon the Democratic Party and become a Republican. Oz, who lost to Fetterman by five points in Pennsylvania’s 2022 Senate race, made the comments during an appearance on Harry Cole’s podcast, “Harry Cole Saves the West.” “I want everyone in…
Rocket Lab (RKLB) CEO Peter Beck is cautioning investors that surging enthusiasm across the AI and space sectors may not be sustainable. Beck described the current market environment as “piping hot,” warning that ballooning valuations across both industries could eventually collapse under their own weight. Speaking to Newstalk ZB, Beck acknowledged that his company’s fundamentals…
RTX Corporation (RTX) has been drawing significant attention from investors, making it worth examining the key factors that could shape its near-term performance. Shares of the aerospace and defense company have returned -11.3% over the past month, compared to the Zacks S&P 500 composite’s -1.4% decline over the same period. The broader Zacks Aerospace –…
The 2026 midterm elections are shaping up to be a defining test for Republican control of the Senate, with party insiders weighing both opportunities and vulnerabilities across the national map. Republicans are encountering early headaches in several Senate races viewed as pivotal to maintaining the party’s majority heading into November’s midterm elections. Recruitment failures, open…
Mortgage rates climbed for the third consecutive week, driving the average long-term U.S. home loan rate to its highest point in more than 14 months. The benchmark 30-year fixed-rate mortgage rose to 6.76% from 6.71% the prior week, according to mortgage buyer Freddie Mac, which reported the figures Thursday. One year ago, the average 30-year…
D-Wave Quantum (QBTS) shares jumped 9% on Tuesday morning after the company signed a definitive agreement with the U.S. Department of Commerce for significant federal funding. The agreement grants D-Wave access to “up to $100 million” in funding under the U.S. CHIPS and Science Act, marking a major milestone for the quantum computing firm. D-Wave…
The world’s commodity markets face pressure from multiple fronts, as conflicts beyond the Strait of Hormuz send fresh shockwaves through fuel and food supply chains. Intensifying violence in the Black Sea region threatens to disrupt global grain trades at a moment when markets remain particularly fragile and exposed. Heat waves compounding the disruption from armed…
Senate Commerce Committee Chairman Ted Cruz has described a viral warning from an AI researcher as “scary as hell,” raising fresh alarm about the pace of artificial intelligence development. Cruz’s comments come as Congress faces growing pressure to act on AI legislation before the technology outpaces any regulatory framework lawmakers might construct. The Senate Commerce…