US Politics & Business News
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…
Second-quarter corporate earnings growth is tracking near 48%, a figure that signals remarkable strength across the broader market, not just among technology giants. Even after adjusting for investment-related gains at Alphabet (GOOGL) and Amazon (AMZN), earnings growth remains close to 29%, underscoring the durability of the current profit cycle. The results are fueling renewed confidence…
SpaceX stock staged a notable recovery following a post-earnings selloff, with shares trading around $135 on Monday as investor confidence returned. The rebound signals renewed appetite for space sector equities after what had been a turbulent stretch tied to earnings-driven volatility in the group. SpaceX, the privately held rocket and satellite company founded by Elon…
Embraer S.A. (EMBJ) delivered a standout second quarter in 2026, reporting earnings of $1.19 per American Depositary Share, blowing past the Zacks Consensus Estimate of 61 cents by 95.1%. That result represented a 177.4% surge compared to the 43 cents per ADS the Brazilian aerospace giant posted in the same period a year ago. On…
The question of whether $1 million is sufficient for a household to retire comfortably has become one of the most debated topics in personal finance today. For decades, reaching a seven-figure nest egg was considered the gold standard benchmark for a secure and comfortable retirement in the United States. But as inflation, healthcare costs, and…