US Politics & Business News
SpaceX shares rebounded sharply on Tuesday, ending a brutal seven-session losing streak that had erased roughly 21% of the stock’s value. Macquarie analysts led by Paul Golding described the pullback as a buying opportunity, arguing that SpaceX’s fundamental story remains largely intact despite the recent sell-off. “We see the pullback presenting an opportunity to gain…
Super Micro Computer (SMCI) shares rocketed more than 25% in after-hours trading Tuesday after the company issued a stunning preliminary fiscal fourth-quarter update. The stock had already closed the regular session roughly 7% higher before extending those gains sharply following the announcement. The company said GAAP and non-GAAP gross margins are now estimated to be…
RTX (NYSE: RTX) subsidiary Pratt & Whitney has signed a Memorandum of Understanding with Tigerair Taiwan to power 15 Airbus A321neo aircraft with GTF engines. The agreement covers four firm aircraft and 11 leased aircraft, extending a partnership that dates back to the airline’s founding in 2014. Tigerair Taiwan currently operates nine Airbus A320neo family…
Jim Cramer used his Lightning Round segment on CNBC’s Mad Money to deliver a series of pointed calls across several high-profile stocks. The veteran market commentator endorsed Lyft (NASDAQ: LYFT) near current levels, citing the company’s leadership and strong free cash flow generation as reasons to buy. “I think David Risher’s doing a good job….
Collins Aerospace, a business unit of RTX (NYSE: RTX), and Etihad Engineering have announced a new joint venture to provide nacelle maintenance, repair, and overhaul services in Abu Dhabi. The two companies made the announcement at the Farnborough International Airshow, signaling a significant expansion of MRO capabilities across the Middle East aviation sector. The joint…
Metro Bank is exploring a potential £2bn merger with Aldermore, a British challenger bank currently on the market following its involvement in the motor finance mis-selling scandal. Sky News has learned that Metro Bank is in the early stages of evaluating whether to submit a formal offer for Aldermore, which specialises in mortgages and business…
Quantum computing has emerged as one of the most exciting technological frontiers for investors following the artificial intelligence boom of recent years. Researchers at McKinsey estimate that quantum computing could create up to $2.7 trillion in economic value for companies worldwide by 2040, spanning industries from drug discovery to cybersecurity. D-Wave Quantum (NYSE: QBTS) has…
Beijing is weighing new restrictions on the export of artificial intelligence and semiconductor technologies, escalating an ongoing trade conflict with the United States. Chinese regulators, led by the Ministry of Commerce, have been consulting with top domestic AI and chipmaking firms about how to protect advanced technologies from Western acquisition. Representatives from Alibaba, ByteDance, and…
Reddit sentiment and retail conviction are clashing with market reality as Rocket Lab (NASDAQ: RKLB) endures one of its sharpest recent drawdowns. Shares of Rocket Lab closed most recently at $67.62, capping a punishing stretch that saw the stock fall 37.4% over the past month and 16.6% in the last week alone. Despite the recent…
Retirement savers with substantial IRA balances often face a pivotal question about whether to tap those accounts for major purchases like real estate. A couple holding $8 million in traditional IRAs is considering whether to withdraw funds to buy a house, despite the significant tax consequences involved. Traditional IRA withdrawals are taxed as ordinary income,…