US Politics & Business News
Two quantum computing companies are competing for investor attention, but their financial profiles and technological approaches differ sharply from one another. IonQ (IONQ) has built its reputation on precision, using a trapped-ion quantum system designed to minimize the errors that plague much of the quantum computing industry today. Last year, IonQ demonstrated 2-qubit gate fidelities…
While high interest rates have drawn widespread criticism for squeezing borrowers and cooling the housing market, they carry a significant and often overlooked benefit for retirees. Elevated rates have dramatically improved the economics of guaranteed retirement income products, particularly annuities, which become cheaper and more generous when rates rise. When interest rates climb, insurance companies…
California and six other states have filed a federal lawsuit challenging President Donald Trump’s cancellation of $810 million in congressionally approved spending. The lawsuit was filed in the U.S. District Court for the Northern District of California by California, Maine, Maryland, Michigan, Nevada, New Mexico, and Oregon. The states argue Trump’s use of a “pocket…
Rocket Lab (NASDAQ: RKLB) jumped 5% to $72.88 in morning trading after landing its largest-ever Electron launch contract alongside a fresh Wall Street initiation. The deal, struck with Tokyo-based Earth observation company Synspective, covers 20 new Electron missions in a multi-year agreement that sets a commercial record for the launch vehicle. The Synspective agreement makes…
Raytheon, a unit of RTX (NYSE: RTX), has landed a multi-year AMRAAM missile production contract worth up to $20.7 billion from the federal government. The agreement is tied directly to the Department of War’s Arsenal of Freedom initiative, which is designed to accelerate delivery of advanced air-to-air missile systems. The multi-year award is structured to…
After selling TOMS Shoes for $400 million, Blake Mycoskie built one of the most recognizable consumer brands in modern history and gave away 100 million pairs of shoes to children in need. At what should have been the peak of his success, Mycoskie instead found himself feeling utterly empty, stripped of the purpose and community…
Indiana Gov. Mike Braun has extended a suspension of the state’s gasoline use tax, offering continued relief to drivers facing prices above $4 per gallon. The Republican governor originally announced the 30-day suspension as gas prices surged following the U.S.-Israeli conflict with Iran, which disrupted global oil markets significantly. Iran’s restriction of shipping through the…
One year of market data has delivered a harsh verdict on nearly all of the original quantum computing stock ratings, with just one call holding up under scrutiny. The original article, published one year ago, rated D-Wave Quantum (NYSE: QBTS) a Sell, IonQ (NYSE: IONQ) a Buy, and Rigetti Computing (NASDAQ: RGTI) a Hold for…
Google is reminding the tech world that it remains a formidable force in the artificial intelligence race, and its latest move is hard to ignore. The company’s newly announced Gemini 4 Argon model signals that Google is back competing at the very front of the pack in cutting-edge AI development. For months, competitors had been…
The White House announced plans late Friday to claw back $810 million in congressionally appropriated funding, triggering sharp criticism from members of both chambers. The controversial budget maneuver, known as a pocket rescission, allows a president to block funding by submitting a request so close to the fiscal year’s end that Congress cannot act in…