US Politics & Business News
AST SpaceMobile (NASDAQ: ASTS) shares climbed 3.5% Monday morning following a significant announcement about its space-based cellular broadband expansion across Europe. The company revealed that Deutsche Telekom, Orange, Telefónica, and Vodafone signed a Letter of Intent to explore a potential joint bid for Mobile Satellite Services spectrum. The agreement marks a notable alignment among Europe’s…
Aerospace and defense giant Raytheon (NYSE: RTX) is set to report its third-quarter results Tuesday morning, drawing close attention from Wall Street investors. The company delivered a strong performance last quarter, posting revenues of $24.71 billion, representing a 14.5% increase year over year. RTX also exceeded analysts’ earnings per share estimates last quarter, while full-year…
The United States is staring down a dangerous combination of surging long-term bond yields and a federal deficit that has now crossed the $2 trillion threshold. Treasury yields remain above 5%, pushing the average 30-year fixed-rate mortgage toward 7.5% and squeezing American households seeking to buy or refinance homes. Pending home sales fell 4% in…
Maine Democratic Senate candidate Troy Jackson says he has no intention of apologizing for telling incumbent Sen. Susan Collins to “shut up” during a recent candidate debate. The incident unfolded when an anti-data center protester interrupted the debate, briefly stalling the event and prompting Collins to make a pointed accusation toward her opponent. Collins said…
SpaceX has firmly established itself as the dominant force in direct-to-cell satellite communications, with 650 dedicated DTC satellites now in orbit serving users across the globe. The company launched its first Starlink satellites capable of supporting direct cellphone-to-satellite calls in January 2024, moving quickly after rivals demonstrated the concept was viable. AST SpaceMobile (ASTS) first…
India’s benchmark equity indexes have fallen nearly 12% since January, even as the country’s broader economy has shown resilience against trade uncertainty and geopolitical pressures. Finance Minister Nirmala Sitharaman told CNBC in an exclusive interview that excess liquidity is a key driver of market underperformance, and the problem may persist going forward. “Because of the…
Democratic Michigan Senate candidate Abdul El-Sayed confronted the implications of a question at a Saturday town hall asking whether he would disavow the Muslim Brotherhood. An attendee at a Michigan campaign event directly asked El-Sayed whether he would renounce the organization, prompting an extended and pointed exchange between the two. El-Sayed quickly answered, “Sure. Yeah,…
A bold options trade on AST SpaceMobile (ASTS) is drawing attention despite the stock carrying a 100% Strong Sell rating from Barchart’s Technical Opinion indicator. Debit-side options spreads work similarly to at-bats in baseball, where success rates are low but smart decision-making can exploit favorable conditions and circumstances. ASTS stock has lost nearly 30% over…
Analysts expect RTX (RTX) to report quarterly earnings of $1.76 per share, a 3.5% increase compared to the same period last year. Revenue forecasts for the quarter stand at $23.84 billion, representing a year-over-year increase of 6.1% for the defense and aerospace giant. The consensus EPS estimate has seen a modest downward revision of 0.1%…
September’s producer price index came in far hotter than economists had forecast, reinforcing persistent inflationary pressures tied to rising energy costs amid the U.S. war with Iran. The producer price index climbed 1.3% in September and 6.3% on an annual basis, according to the Bureau of Labor Statistics, marking the largest monthly and annual gains…