US Politics & Business News
The United Kingdom’s economy has been outperforming expectations through the first half of 2026, but a darkening global backdrop threatens to reverse that momentum. Official data published Thursday showed the UK economy grew by 0.4% in the second quarter, following a stronger 0.6% expansion in the first quarter. Business investment rose 1.7% during the same…
SpaceX (NASDAQ: SPCX) surged Wednesday after founder Elon Musk made a sweeping prediction about Starlink’s long-term dominance of global internet infrastructure. SPCX stock closed up 9.65% to $146.15, driven by comments Musk made during a company town hall meeting broadcast on X. The rally comes after a difficult stretch for the stock, which barely broke…
Raytheon parent RTX has drawn renewed investor attention after securing a $745 million Missile Defense Agency contract for Standard Missile-3 Block IIA interceptors. The contract also includes expanded U.S. production capacity, reinforcing RTX’s position as a central player in the country’s missile defense architecture. The deal arrives as RTX shares have shown strong momentum, with…
Lenovo Group delivered a blockbuster fiscal year, reporting record annual revenue and sharply higher profit driven by surging demand for AI servers, AI-enabled PCs, and enterprise services. The world’s largest PC maker posted revenue of $83.1 billion for the fiscal year ended March 31, representing a 20% increase from the prior year period. Profit attributable…
Goldman Sachs expects the global space economy to reach $1.8 trillion by 2035, triggering fresh interest in publicly traded space sector stocks. SpaceX (SPCX), AST SpaceMobile (ASTS), Rocket Lab (RKLB), and Firefly Aerospace (FLY) all moved higher following the bank’s sweeping new report on Wednesday. On Wednesday, SPCX surged 10%, ASTS climbed 4%, and both…
Boeing Company (BA) shares have gained 7.4% year to date, slightly outpacing the Zacks Aerospace-Defense industry’s growth of 7% over the same period. The government’s continued push to strengthen national defense and space systems is widely seen as a meaningful growth catalyst for the aerospace giant moving forward. Peer defense stocks have outperformed Boeing considerably,…
The artificial intelligence build-out is generating real inflationary pressure across the U.S. economy, creating a serious headache for Federal Reserve Chair Kevin Warsh. Silicon Valley executives including Tesla and SpaceX CEO Elon Musk and OpenAI CEO Sam Altman have loudly promoted AI’s potential to dramatically reduce costs throughout the economy. Altman recently wrote that “intelligence…
Rocket Lab (NASDAQ: RKLB) delivered a quarter that fundamentally reframes the investment case for the commercial space company. Revenue hit a record $234.07 million in Q2 FY2026, up 61.99% year over year and narrowly beating the $230.94 million consensus estimate. GAAP EPS of -$0.08 missed expectations, weighed down by $8.58 million in acquisition transaction costs…
The Pentagon is pressing U.S. defense contractors to dramatically accelerate weapons production following severe depletion of critical missile stockpiles. Deputy Defense Secretary Steve Feinberg issued a memo giving major contractors just 21 days to submit plans for “significantly faster, more aggressive delivery schedules and/or increased production for critical capabilities.” The urgency stems from devastating inventory…
Lettuce prices suffered their steepest single-month decline on record in July, as a multistate cyclospora outbreak sent shoppers reaching for anything but the leafy green. Bureau of Labor Statistics data released Wednesday showed lettuce prices tumbled 16.4% from June, the largest one-month drop on record on a seasonally adjusted basis. Lettuce also posted the sharpest…