US Politics & Business News
SpaceX (NASDAQ: SPCX) stock jumped 3% to $139.06 midday Tuesday, breaking sharply higher while the broader space sector sat largely unmoved. The Procure Space ETF (NASDAQ: UFO) gained just 0.1% to $44.71, well behind the single-name move SpaceX was driving across the sector on Tuesday. The Invesco QQQ Trust (NASDAQ: QQQ) rose 0.64% to $710.82,…
A common estate planning question is emerging among adult children who inherit or receive property from aging parents as a gift rather than through a will. When a parent transfers a home to a child outright, the child typically takes on the parent’s original cost basis in the property rather than receiving a stepped-up basis….
Beijing is walking a financial tightrope as Washington escalates sanctions pressure on Chinese institutions linked to Iranian oil transactions. U.S. Treasury Secretary Scott Bessent announced that any entity facilitating “money laundering or sanctions evasion on behalf of Iran risks being cut off from the U.S. financial system.” When pressed specifically on Chinese banks, Bessent warned:…
Quantum computing stocks are entering a more demanding phase in the second half of 2026, with investors shifting focus from qubit milestones to revenue visibility and commercialization. After a powerful rally earlier in the year, the macro backdrop has become less favorable for high-risk growth stocks across the quantum computing sector. The Federal Reserve held…
Billionaire investor Stanley Druckenmiller has publicly broken with Treasury Secretary Scott Bessent, calling his former mentee’s bond buyback expansion a serious policy mistake. Druckenmiller, who guided Bessent during his early career as a hedge fund trader, warned that suppressing US bond yields through aggressive buybacks courts significant danger for markets. Both men share deep professional…
Investors funneled billions of dollars into Canadian exchange-traded funds in the days leading up to a dramatic breakdown in U.S.-Canada trade negotiations. ETFs collectively gained $8.5 billion in net inflows as markets adopted a cautious stance ahead of the weekend’s high-stakes trade discussions between the two countries. The rush into Canadian ETFs reflected investor optimism…
Howmet Aerospace Inc. (HWM) continues to build on its margin expansion story, driven by a robust second-quarter 2026 performance across multiple business segments. The company’s cost of goods sold rose 16.9% year over year to $1.60 billion in the second quarter of 2026, while selling, general, administrative and other expenses surged 66.3% to $148 million….
Analysts and market watchers are raising serious concerns about stretched equity valuations, with multiple indicators pointing to extreme overvaluation across the broader market. Mark Hulbert, writing for MarketWatch, argues that almost all valuation indicators with decent track records suggest the stock market is not just overvalued — it is extremely overvalued. The warning does not…
D-Wave Quantum and Rigetti Computing are both racing to establish dominance in one of the most closely watched emerging sectors in technology investing. D-Wave Quantum (QBTS) specializes in quantum annealing, a method particularly well-suited for solving complex real-world optimization problems at a commercial scale today. Rigetti Computing (RGTI) takes a different technical approach, focusing on…
Visa and Mastercard shares climbed sharply, reinforcing the dominance of both payment giants as investor confidence in consumer resilience continued to build. Both stocks surged more than 3% in a single session, pushing toward major technical resistance levels and setting fresh all-time highs in the process. Visa’s fiscal third-quarter 2026 results delivered a powerful fundamental…