US Politics & Business News
The iShares U.S. Aerospace and Defense ETF (NYSEARCA:ITA) has climbed 13.74% year to date without owning a single share of Tesla (NASDAQ:TSLA) or any Magnificent Seven stock. Over the same period, Tesla shares have fallen 12.51%, making ITA’s sector-focused exclusion look prescient from a pure performance standpoint. ITA is BlackRock’s iShares fund tracking large- and…
After reaching an all-time high of $121.62 on January 29, 2026, silver suffered one of its sharpest short-term collapses in recent memory. The white metal plummeted to around $64 by February 6, a drawdown of nearly 47% in just over a week following a single policy development. President Trump’s nomination of inflation-hawk Kevin Warsh as…
President Donald Trump rang the opening bells for both the New York Stock Exchange and the Nasdaq from the Oval Office on Monday, marking a historic first for both exchanges. Neither the NYSE nor the Nasdaq had previously held the opening bell ceremony at the White House, nor had both exchanges ever launched the trading…
After a bruising selloff in chip stocks, Morgan Stanley strategists are pointing investors toward AI hyperscalers and other overlooked sectors as the next big opportunity. Morgan Stanley’s CIO and Chief U.S. Equity Strategist Mike Wilson released analysis examining the sharp pullback in semiconductor stocks and what it signals for broader market positioning going forward. The…
The practice of financial advisers hosting free meals to attract potential clients has become increasingly common, drawing scrutiny from retirees and consumer advocates alike. Older Americans with retirement savings often find themselves targeted by financial advisers offering complimentary dinners at upscale steakhouses in exchange for attending investment seminars. The pitch is straightforward: enjoy a free…
Comcast has announced plans to acquire ITV’s Media and Entertainment business through its UK pay-TV subsidiary Sky, valued at up to £1.6 billion, or roughly $2.14 billion. The deal comes just one week after Comcast revealed its plan to spin off NBCUniversal into a separate publicly traded company, and sources say the timing of both…
OPEC+ has agreed to raise production targets for August, adding further supply to a global oil market already struggling under falling crude prices. The group approved an increase of 188,000 barrels per day for August during an online meeting, following similar increases already implemented for June and July. Seven core members of the alliance have…
AST SpaceMobile (ASTS) shares rocketed higher this week, outpacing broader market gains by a wide margin as investors cheered a series of positive operational developments. The stock jumped 17.7% as of 2:30 p.m. ET on Monday, June 29, while the S&P 500 and Nasdaq Composite gained just 1.6% and 1.9%, respectively. AST SpaceMobile delivers broadband…
AST SpaceMobile (ASTS) shares tumbled 21.6% in June, according to data from S&P Global Market Intelligence, marking a sharp reversal for the once high-flying satellite internet company. The decline stems from two major developments that have shaken investor confidence in the company’s ability to maintain its early lead in direct-to-device satellite internet. AST SpaceMobile delayed…
Northrop Grumman (NOC) is aggressively strengthening its foothold in the global missile market through advanced precision-strike technologies and missile defense solutions. The company serves both the U.S. military and allied nations with a broad portfolio designed to counter increasingly sophisticated battlefield threats. NOC’s missile capabilities span tactical missiles, missile defense technologies, next-generation munitions, advanced sensors,…