US Politics & Business News
Both AST SpaceMobile and Redwire are competing for investor dollars in the fast-growing space systems economy, but their financial profiles tell very different stories. The two companies share at least one thing in common: both stocks have fallen more than 50% from their recent highs, shaking the confidence of early believers. AST SpaceMobile is focused…
GE Aerospace (GE) has delivered a 29.5% return over the past year, outpacing the S&P 500’s 20.1% gain and easily beating the broader industry’s 4.8% decline. The jet engine maker also outperformed key rivals, with RTX Corporation (RTX) returning 23.8% and L3Harris Technologies (LHX) posting a modest 3% gain over the same period. Shares closed…
Brent crude futures climbed above $95 a barrel Wednesday, hitting their highest level in six weeks as tensions between the United States and Iran intensified sharply. U.S. West Texas Intermediate crude also surged, reaching $88.10 a barrel before pulling back modestly during later trading sessions. Both benchmarks marked their highest levels since June 11 and…
Aerospace and defense giant Raytheon (NYSE: RTX) is set to report its second-quarter earnings on Thursday before the market opens. Last quarter, RTX reported revenues of $22.08 billion, representing year-on-year growth of 8.7%, beating analysts’ revenue expectations. The company also beat analysts’ EPS estimates last quarter, marking a strong overall performance heading into this latest…
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…