US Politics & Business News
Last week delivered strong gains for the average stock, marking a decisive shift in market leadership away from technology and into energy and defensive sectors. All three major indexes finished higher on the week, but the story was less about the headline numbers and more about what was happening beneath the surface. The equal-weight S&P…
President Trump signed an executive order Friday evening to waive sanctions against Russia that were set to take effect under a recently enacted legislative package. Trump signed the sanctions legislation into law last month, and the package was posthumously dedicated to the late Sen. Lindsey Graham (R-S.C.). The legislation sought to pressure the Kremlin to…
Wall Street analysts delivered a mixed set of ratings changes this week, with growth prospects and legal clarity driving upgrades for select stocks. Crocs Inc. (CROX) gained 8.5% this week after Barclays upgraded the footwear company to ‘Overweight’ from ‘Equal Weight’ and lifted its price target to $139 from $118. Barclays cited a clearer path…
The U.S. defense sector enters an unusually turbulent third-quarter earnings season, a development rarely seen over the past decade of relatively steady growth. Uncertainty over U.S. military spending ahead of November midterms, slowing airline traffic growth, and persistent supply-chain constraints have weighed heavily on the industry. The S&P 1500 Aerospace and Defense Index fell nearly…
The United States closed out the 2026 fiscal year with a budget deficit of nearly $2 trillion, underscoring the deepening strain on the country’s finances. The Treasury Department reported Friday that the deficit reached $1.992 trillion, a 12% increase from the $1.775 trillion shortfall recorded in the prior fiscal year. The figure ranks as the…
A wave of suspicious mailings containing unknown substances has struck congressional offices across the United States, alarming lawmakers from both parties. Senators and House members from Minnesota, South Dakota, Nebraska, Connecticut, California, New York, New Jersey, Virginia, Delaware, Florida, Massachusetts, and Maine have all reported receiving the packages. Sen. Amy Klobuchar (D-Minn.) said officials intercepted…
AST SpaceMobile (ASTS) and TELUS completed a significant integration test linking TELUS’ terrestrial wireless network with AST SpaceMobile’s space-based satellite system. The test aims to extend direct satellite connectivity to Canadian smartphone users in remote and underserved areas, representing a meaningful technology milestone for the company. Despite the progress, AST SpaceMobile faces growing uncertainty around…
Many Americans quietly struggle with comparing their bank accounts, careers, and lifestyles to those of the people they grew up alongside. The feeling can intensify over time, as some friends buy homes, take luxury vacations, or reach financial milestones that feel increasingly out of reach for others. Social comparison is a deeply human tendency, but…
Former Rep. Mary Peltola has raised $17 million in the third quarter of 2026, marking her largest quarterly fundraising total in her Senate bid against GOP incumbent Dan Sullivan. Peltola’s campaign shared the fundraising figures first with Politico, underscoring the national attention this race has attracted heading into November. Alaska’s Senate contest is rated as…
AI investment is quietly redrawing the map of global economic leadership, shifting attention toward financial stocks tied to the fastest-moving regions. Higher oil prices and rising bond yields are changing the rules for banks, insurers, and asset managers operating across AI-focused economies worldwide. Three financial stocks have emerged from screening as particularly relevant to this…