US Politics & Business News
After a person dies, their bank account does not simply freeze in place while the estate waits to be settled by the courts. Standing orders tied to cellphone bills, utilities, rent, and mortgage payments can continue drawing from the account until the bank receives an official death certificate. Streaming subscriptions from services such as Apple…
Shares of AST SpaceMobile (ASTS) plunged 12% overnight Wednesday after the company announced a $1 billion convertible note offering that rattled investors and sparked acquisition speculation. ASTS stock had already fallen 4% during Wednesday’s session and is down nearly 10% for the week, putting it on track for a second straight weekly decline. The company…
Michael Brandmeyer, co-CIO of Goldman Sachs Asset Management’s External Investing Group, has offered a bold prediction about the long-term trajectory of the space economy. Speaking on the firm’s Exchanges podcast episode titled “The Growth of the Space Industry,” Brandmeyer argued that space will eventually underpin nearly all commercial activity. His central prediction was direct: “I…
J.B. Hunt Transport Services (JBHT) delivered an optimistic outlook to investors, citing a meaningfully tighter trucking market than the company anticipated heading into 2026. Management made the upbeat remarks at the Barclays 43rd Annual Industrial Select Conference in Miami, drawing attention from analysts tracking the freight sector. “Demand seems to be a little bit more…
AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced plans to raise $1.0 billion through a private offering of convertible senior notes maturing in 2034. The Midland, Texas-based company is targeting qualified institutional buyers under Rule 144A of the Securities Act of 1933 for the proposed debt transaction. AST SpaceMobile is also offering initial purchasers an option…
Raytheon, a business unit of RTX (NYSE: RTX), has successfully completed a critical technology demonstration of its Next Generation Short Range Interceptor at Dugway Proving Grounds, Utah. The demonstration proved the range, accuracy, and lethality of the new surface-to-air missile system, which is designed to replace Raytheon’s legacy Stinger missile for the U.S. Army. During…
Investors searching for a safe, inflation-beating return may be overlooking one of the most straightforward deals the U.S. Treasury currently offers. Series I Savings Bonds, commonly known as I Bonds, are a government-backed investment designed specifically to protect against the erosion of purchasing power. The current composite rate on I Bonds stands at 4.26%, a…
Bell Canada has finished construction of its first sovereign direct-to-device satellite ground station, located in Quebec, marking a significant step toward nationwide connectivity. The facility connects with AST SpaceMobile’s (ASTS) growing constellation of satellites and has already begun active testing across a range of communication functions. Bell successfully completed integration testing that included text messaging,…
Pratt & Whitney, a business unit of RTX (NYSE: RTX), is expanding its engine inspection operations through the acquisition of Amsterdam-based Aiir Innovations. The deal brings AI-assisted borescope software into Pratt & Whitney’s global maintenance, repair and overhaul infrastructure for commercial, civil and military engines. Borescope inspections involve inserting a camera into an engine to…
AST SpaceMobile, Inc. (ASTS) closed Tuesday’s trading session at $68.82, advancing 1.83% from the prior day’s closing price. The move outpaced the S&P 500, which posted a modest daily gain of 0.38% during the same session. The Dow Jones Industrial Average edged up just 0.02%, while the tech-heavy Nasdaq Composite climbed 0.9% on the day….