US Politics & Business News
The U.S. budget deficit surged to its highest monthly level in more than five years in July, driven by soaring Medicare costs and mounting federal debt interest payments. The Treasury Department reported Wednesday that the July shortfall totaled $432.3 billion, a jump of approximately 48% compared to the same month a year ago. That figure…
Quantinuum (QNT) is on track for a record stock price after delivering a stronger-than-expected first quarterly earnings report as a publicly traded company. Shares of QNT jumped more than 21% following the release, signaling strong investor confidence in the quantum computing firm’s early public market performance. The company topped analyst estimates across key financial metrics,…
Nvidia (NVDA), Intel (INTC), and Alphabet (GOOGL) are riding a wave of investor enthusiasm that is beginning to look dangerously familiar to market veterans. Analysts and longtime market observers are drawing direct parallels between today’s AI-driven rally and the infamous dot-com bubble of the late 1990s. The signs of giddy euphoria, as some describe it,…
Oklo (NYSE: OKLO) and AST SpaceMobile (NASDAQ: ASTS) each reported quarterly results that revealed just how different early-stage infrastructure bets can look in practice. Oklo posted its first-ever quarterly revenue of $1.21 million, while AST SpaceMobile recorded $31.52 million alongside a nine-figure launch-related loss. Both companies are building the infrastructure the AI era increasingly demands,…
Investors navigating today’s market face a difficult task: separating genuinely strong businesses from stocks that simply carry expensive valuations without the fundamentals to back them up. The gap between quality companies and overpriced ones is widening quickly, making stock selection more critical than ever for portfolio performance this year. Raytheon (NYSE: RTX), originally focused on…
Tencent Holdings reported an 11% rise in second-quarter revenue on Wednesday, fueled by strong advertising sales and steady contributions from its gaming division. The Shenzhen-based technology giant posted revenue of 204.8 billion yuan, equivalent to approximately $30.36 billion, for the three months ended June. That figure came in ahead of analyst estimates of 202.2 billion…
AST SpaceMobile (ASTS) shares climbed 4% following its second-quarter earnings report, even as the company missed revenue estimates and widened its per-share loss. Rocket Lab (RKLB), despite delivering record revenue and above-consensus guidance, saw its shares edge lower after results, drawing a significant buy from ARK Investment Management. Rocket Lab posted Q2 revenue surging 62%…
Super Micro Computer Inc. (SMCI) is climbing back into Wall Street’s favor after delivering a strong fourth-quarter earnings performance that sent shares sharply higher in extended trading. The data center server maker reported fourth-quarter adjusted earnings per share of $1.70, comfortably beating the analyst consensus estimate of $1.59 per share. Revenue for the quarter came…
AST SpaceMobile (NASDAQ: ASTS) is edging closer to full commercial operations as its BlueBird satellite constellation grows steadily larger in orbit. SpaceX (NASDAQ: SPCX) has now launched six of AST SpaceMobile’s BlueBird satellites in 2026, including BlueBirds 8 through 10 in June and BlueBirds 11 through 13 on August 5. The latest Falcon 9 mission…
CoreWeave shares jumped in after-hours trading Tuesday after the AI cloud infrastructure company posted second-quarter results that topped analyst expectations on both revenue and earnings. Revenue surged 112% year-over-year to $2.58 billion, exceeding the $2.56 billion analysts had forecast, while the adjusted loss per share came in at $1.03 against an expected loss of $1.20….