US Politics & Business News
The Trump administration has fundamentally redirected U.S. human rights policy, steering more than $175 million in funds toward conservative causes and priorities. Secretary of State Marco Rubio moved quickly to reshape the State Department’s Bureau of Democracy, Human Rights and Labor, calling it “a platform for left-wing activists to wage vendettas against ‘anti-woke’ leaders” in…
AST SpaceMobile may be losing its window to replicate Rocket Lab’s deal-making success, according to satellite communications consultant Tim Farrar. Farrar issued the warning on X, pointing to Rocket Lab’s use of elevated equity to acquire other businesses before its stock momentum cooled. “RocketLab used its equity to acquire other businesses while its stock was…
RTX (RTX) is drawing renewed investor attention following a series of significant defense contract wins that analysts suggest could make the stock meaningfully undervalued at current prices. Raytheon, RTX’s defense subsidiary, secured a five-year contract worth up to $6.3 billion for Standard Missile 3 Block IB interceptors, adding to $729 million in counter-drone system orders…
The U.S. Treasury is pushing back hard against the International Monetary Fund after the fund warned that American debt is on an unsustainable path. David Zervos, newly appointed counselor to the Treasury Secretary, told CNBC on Thursday that the IMF should examine its own track record before criticizing U.S. fiscal policy. “When we see pieces…
Pennsylvania Governor Josh Shapiro is launching a new political action committee, intensifying speculation that he is laying the groundwork for a future presidential run. The committee, named New Path PAC, has already established a public-facing website outlining its political mission and goals. According to the website, the PAC is dedicated to electing candidates who will…
AST SpaceMobile (NASDAQ: ASTS) shares have fallen more than 20% over just five trading sessions, hitting a one-year low not seen since September 2025. The Midland, Texas-based company is now down approximately 67% from its all-time high reached on May 28, as multiple headwinds converge on the stock simultaneously. SpaceX’s latest push to acquire low-band…
Raytheon, a core business unit of RTX Corporation, has locked in an $8 billion sole-source nuclear command-and-control modernization contract running through late 2036. The award positions RTX at the center of America’s strategic nuclear deterrence architecture for the next full decade, providing rare long-term revenue visibility. Alongside the nuclear award, Raytheon also secured its first…
Wall Street economists are now forecasting an acceleration in the Federal Reserve’s preferred inflation gauge after a surprisingly hot wholesale price report. The producer price index climbed 1.3% in the latest reading, the biggest monthly gain since March 2022 and more than double the 0.6% consensus estimate. That pushed the year-over-year PPI increase to 6.3%,…
President Trump escalated his administration’s feud with California on Friday, threatening election officials with imprisonment over an ongoing dispute about noncitizen voters. Trump declared on Truth Social that California officials “will all go to jail for a long period of time” if they refuse to cooperate with the Department of Justice. The post shared a…
After a dilution scare sent shares tumbling, IonQ (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), and D-Wave Quantum (NASDAQ: QBTS) are clawing back losses in early trading. IonQ stock is up 3% to $32.51, leading the group higher despite carrying a 28% decline year to date heading into the session. Rigetti Computing (NASDAQ: RGTI) is also…