US Politics & Business News
Major health insurers are pulling back from Medicare Advantage, forcing millions of older Americans to find new coverage in an already complicated insurance landscape. Enrollment in Medicare Advantage had grown steadily for years, reaching more than 34 million Americans by 2025, drawn by promises of better benefits at lower costs. Heading into 2026, however, that…
RTX Corporation (RTX) has surged 14.1% over the past month, significantly outpacing the Zacks Aerospace-Defense industry’s growth of 8.2% in the same period. The stock also outperformed the broader Zacks Aerospace sector’s 6.6% gain and the S&P 500’s modest 2.9% return over that timeframe. Peers General Dynamics (GD) and Lockheed Martin (LMT) also posted gains,…
Infrastructure investing is drawing renewed attention from fund managers who argue traditional assets remain undervalued compared to technology-driven market darlings. While artificial intelligence continues to dominate investor conversations, some portfolio managers are making a disciplined case for physical infrastructure assets with steady, long-term return profiles. Roads, water systems, and telecom towers represent the kind of…
AST SpaceMobile (NASDAQ: ASTS) shares dropped 2.8% to $66.82 in pre-market trading after the company reported second-quarter 2026 results that disappointed Wall Street on multiple fronts. The satellite communications company disclosed the results on the evening of August 10, triggering an immediate negative reaction that extended into pre-market hours the following morning. Second-quarter revenue came…
Raytheon, a business unit of RTX (NYSE: RTX), has secured a $745 million contract from the Missile Defense Agency for the production and sustainment of Standard Missile-3 Block IIA interceptors. The contract is aimed at strengthening both U.S. and allied readiness against increasingly sophisticated ballistic missile threats across multiple regions. Barbara Borgonovi, president of Naval…
Nvidia is partnering with six of the world’s largest asset managers to create a $500 billion financing push aimed at reshaping how AI infrastructure is funded globally. The chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to establish dedicated financing platforms for Nvidia customers. Executives…
AST SpaceMobile maintained its ambitious revenue target despite second-quarter results that fell short of Wall Street expectations, sending ASTS shares sharply lower on Monday. Shares of AST SpaceMobile fell more than 4% during regular trading on Monday and extended losses by roughly 4% in after-hours trading before trimming declines to nearly 1% overnight. The company…
Rocket Lab Corp (NASDAQ: RKLB) reported second-quarter results that delivered record revenue but fell short of Wall Street’s earnings expectations, sending shares lower in after-hours trading. The space systems and launch services company posted an adjusted loss of $0.08 per share for the quarter ended June 30, missing the analyst consensus estimate of $0.06 per…
GameStop Corp. CEO Ryan Cohen is now weighing whether to pull his company’s $56 billion unsolicited takeover bid for eBay Inc., marking a dramatic shift in one of the year’s most closely watched corporate sagas. According to people familiar with the matter, Cohen is considering replacing the acquisition proposal with a partnership or joint venture…
AST SpaceMobile (ASTS) shares fell roughly 3.5% in after-hours trading Monday after the company’s second-quarter results missed analyst expectations on both revenue and earnings. The satellite connectivity company reported Q2 revenue of $31.5 million, falling short of the $33.9 million analysts had projected, according to Fiscal.ai. Despite the miss, revenue grew dramatically compared to just…