US Politics & Business News
Millions of Americans carrying high-interest credit card debt turn to balance transfers as a strategy to reduce what they owe, but the process rarely goes as planned. One consumer recently discovered this the hard way, hoping to transfer $17,000 in credit card debt only to receive a $4,000 credit limit from Wells Fargo (WFC). This…
AST SpaceMobile, Inc. (NASDAQ: ASTS) has completed a $1.15 billion private offering of convertible senior notes, significantly bolstering its financial position heading into the second half of 2026. The Midland, Texas-based company closed $1.0 billion in aggregate principal of 1.625% convertible senior notes due 2034, with initial purchasers exercising their full option to buy an…
Collins Aerospace, a business unit of RTX (NYSE: RTX), has completed integrated lab testing for the European Union’s Clean Aviation SWITCH project at The Grid facility in Rockford, Illinois. The Grid is Collins Aerospace’s advanced electric power systems lab, which has been operational since its opening in 2023, serving as a hub for cutting-edge aviation…
Generic drugs imported into the United States will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028. President Donald Trump announced the phased tariff schedule on Tuesday, describing the escalation as “a penalty” for companies that fail to build plants and facilities in the U.S. within…
Wall Street’s speculative darlings have taken a brutal beating in recent weeks, with sentiment swinging hard against pre-revenue and high-growth names across the board. Semiconductors have led the broader rotation lower, with Micron Technology (NASDAQ: MU) shedding roughly a third of its value in just two weeks of trading. Even the buzz surrounding the Space…
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…