US Politics & Business News
Congress is growing increasingly frustrated with a powerful oversight agency that has identified illegal funding moves by the White House but refuses to act. The Government Accountability Office concluded this week that the White House illegally withheld more than $1 billion earmarked for education and health care research programs. That finding is the latest in…
Astronomers have discovered evidence of a second-generation planet orbiting a white dwarf star, marking a historic first in planetary science research. The findings, published in Nature Astronomy, center on white dwarf star HS 0209+0832, a core remnant of a low-mass star located roughly 270 light-years from Earth. Unlike first-generation planets, which form from material left…
Friday’s analyst activity delivered sweeping rating changes across aerospace, industrials, healthcare, and technology, signaling shifting sentiment among major Wall Street firms. Baird upgraded Humana (HUM) to Outperform from Neutral, raising its price target to $596 from $390, citing greater confidence in the company’s $35-plus of 2028 adjusted earnings per share power. Oppenheimer upgraded Fastly (FSLY)…
The global policy debate around artificial intelligence and employment has decisively shifted, moving away from whether disruption will happen toward how governments should respond. International Monetary Fund Managing Director Kristalina Georgieva issued a stark warning Monday, describing AI’s impact on labor markets as a “slow-moving tsunami” that is already making landfall. Young graduates entering the…
AST SpaceMobile (ASTS) is facing a more competitive landscape after the FCC cleared SpaceX to launch a direct-to-phone satellite service using low-Earth orbit technology. The FCC authorization allows SpaceX to connect ordinary smartphones directly from space without relying on terrestrial cell towers or traditional mobile carrier networks. That regulatory clearance raises immediate and pointed questions…
Markets closed out the week with large caps leading the charge, as the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both posted solid weekly gains despite a turbulent Monday open. The S&P 500 finished at 7807.12, up 0.54% on the day and 1.09% for the week, falling just short of its 52-week high of 7844.52…
The bull market is officially four years old, but a persistent rise in bond yields is raising serious questions about how much longer the rally can last. Investors have ridden a remarkable wave of gains since the market bottomed out, with equities climbing steadily through economic uncertainty, geopolitical turbulence, and repeated calls for a recession…
A bipartisan group of seven Senate Foreign Relations Committee lawmakers has condemned President Trump’s recent agreement with Russian President Vladimir Putin to lift energy sanctions. The deal would allow Russian oil and diesel fuel to flow back into the global economy, directly contradicting legislation Congress passed in 2022. “Congress explicitly banned Russian energy imports in…
AST SpaceMobile (ASTS) has successfully launched 13 BlueBird satellites to date, building out its low Earth orbit constellation with growing commercial ambitions. The company’s satellites are significantly larger than SpaceX’s Starlink satellites and are designed to extend cellular coverage into remote regions beyond the reach of traditional terrestrial towers. Telecom giants AT&T (T) and Verizon…
RTX has won a $6 billion contract from the Pentagon to produce interceptor missiles, a major award that signals continued strong demand for advanced defense systems. Shares of RTX climbed approximately 1% on Friday following the announcement, reflecting investor confidence in the company’s expanding defense portfolio. The contract represents one of the largest single missile-related…