US Politics & Business News
Congress has overhauled the rules governing charitable contributions, creating new opportunities and new limitations depending on how you file your taxes. The changes stem from the One Big Beautiful Bill Act, signed into law on July 4, 2025, with provisions taking effect for donations made during the 2026 tax year. For the first time, Americans…
Boeing (NYSE: BA) has signed seven-year framework agreements with the US Department of War and Raytheon, a business unit of RTX (NYSE: RTX), to expand production of key missile defense components. The agreements cover avionics and ejector assemblies for the Standard Missile-3, a sea-based interceptor engineered to neutralize missile threats operating outside the atmosphere. Production…
Warren Buffett’s Berkshire Hathaway (BRK.B) has agreed to acquire homebuilder Taylor Morrison Home Corporation (TMHC) in an all-cash deal valued at approximately $8.5 billion, including debt. The purchase price of $72.50 per share represents a 24% premium over Taylor Morrison’s closing price on May 29, underscoring Berkshire’s confidence in the housing sector’s long-term prospects. The…
AST SpaceMobile (NASDAQ: ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its second-quarter financial results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus estimate, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more focused on deployment progress than on the…
A leading Social Security reform proposal would require high-income workers to pay more in payroll taxes without receiving any corresponding increase in their benefits. The Social Security taxable earnings cap currently sits at $184,500, meaning income above that threshold is not subject to the payroll tax that funds the program. Millionaires effectively stop contributing to…
Howmet Aerospace Inc. (HWM) is building serious momentum in 2026, powered by an exceptional performance in its commercial aerospace segment that shows no signs of slowing. Second quarter 2026 revenues from the commercial aerospace market surged 28% year over year, representing 53% of the company’s total revenues during the period. Rising air travel globally has…
Tesla (TSLA) shares are pushing higher this week, but the options market is sending a more measured signal to investors watching the electric vehicle giant closely. Shares of Tesla climbed close to 2% in recent trading, building on an impressive 8% surge recorded the previous Monday as bullish momentum returned to the stock. The gains…
AST SpaceMobile (ASTS) and Rocket Lab (RKLB) are aggressively mirroring SpaceX’s vertically integrated business model, but a prominent analyst says execution risks and stretched valuations loom large. Analyst Tim Farrar, president of TMF Associates, appeared on the Prof G Markets podcast to outline his concerns about both companies and their ambitious growth strategies. “Both Rocket…
GE Aerospace is posting record revenue, yet the company is simultaneously falling further behind on its orders as demand outpaces its industrial capacity. Spare parts delinquencies, which measure shipments delayed by material shortages, grew last quarter, signaling not weakness but a demand environment the company’s supply chain cannot fully satisfy. That overwhelming demand feeds directly…
U.S. stocks have resumed their pattern of jumping from record high to record high after a brief pause in June and July of this year. Investors are going all in on a FOMO-driven rally, pushing Wall Street’s widely watched “fear gauge” to its lowest level since January. Demand for put options, which allow investors to…