US Politics & Business News
McDonald’s (MCD) is acknowledging that its recent value meal push created more confusion than customers among bargain-hungry diners across the United States. Company executives admitted the chain rolled out too many overlapping offers, including a $3-and-under menu and $5 bundled meal deals, muddling its overall message. The competing promotions left customers and franchise operators uncertain…
AST SpaceMobile (ASTS) is scheduled to report its second-quarter 2026 earnings on August 10, after market close, with investors watching closely. The Zacks Consensus Estimate for revenues stands at $34.13 million, with an expected loss of 28 cents per share for the quarter. Over the past 60 days, the earnings estimate for ASTS for fiscal…
Boeing (BA) surged 8.0% on Monday while defense peers RTX, LMT, and NOC posted gains of just 0.6% to 1.1%, signaling that company-specific news drove the move rather than broader sector sentiment. Two distinct catalysts separated Boeing’s session from its aerospace peers, neither of which had anything to do with macroeconomic tailwinds or defense spending…
Wall Street delivered a sweeping rally that pushed major indexes to record closing highs, rewarding investors who held their positions through weeks of turbulent momentum-driven selling. The Dow Jones Industrial Average surged 907.47 points, or 1.71%, closing at 54,085.88, as broad-based buying swept across sectors and lifted blue-chip names sharply higher. Caterpillar (CAT) led the…
SpaceX remains the dominant force in the global space industry, widely credited with pioneering the reusable rocket technology that defines the modern space business. The company’s breakthrough in reusable launch vehicles effectively created the commercial space market as it exists today, setting the standard every competitor now chases. SpaceX shares were up 9.1% at $124.99…
Despite a rocky six months, Lockheed Martin (NYSE: LMT) closed its most recent session at $586.29, even as the average Wall Street price target sits at $628.21. That consensus target implies roughly 7% upside from current levels, but Seaport Global analyst Richard Safran believes the stock is worth considerably more. Safran lifted his price target…
Treasury Secretary Scott Bessent is defending Federal Reserve Chair Kevin Warsh amid growing market turbulence over the central bank’s new communications approach. Bessent said Warsh is under no pressure to cut interest rates, signaling the administration’s confidence in the newly installed Fed chief despite rattled investor sentiment. At the center of the debate is Warsh’s…
Shares of AST SpaceMobile (ASTS) climbed to their highest level in nearly three weeks on Monday, rising 8% to $63.52 and marking a third consecutive session of gains. The rally was fueled by a Meta Platforms executive publicly outlining a vision for delivering WhatsApp through AST SpaceMobile’s satellite network to users around the world. Vinod…
The battle for premium large-format screens is intensifying as two blockbusters compete for the same IMAX auditoriums across North America this summer. Sony’s Spider-Man: Brand New Day was initially shut out of IMAX screens during its opening weekend due to Christopher Nolan’s The Odyssey occupying virtually every available auditorium. The Odyssey’s dominance stems from Nolan’s…
Retirement planning decisions carry enormous long-term consequences, and few choices are more financially significant than buying a home outright with cash late in life. For retirees sitting on substantial savings, the temptation to eliminate a mortgage payment entirely by purchasing a home with cash can feel like a smart, stress-free move. However, financial planners consistently…