US Politics & Business News
China’s trade growth picked up in August, though imports fell short of expectations, underscoring persistent weakness in domestic demand within the world’s second-largest economy. Exports grew 25% in U.S. dollar terms in August from a year earlier, according to official customs data released Tuesday, in line with Reuters-polled analysts’ forecasts and quickening from a 23.9%…
Hunter Biden, son of former President Joe Biden, announced Monday the debut of a new meme coin trading under the ticker $LAPTOP. The name directly references the political firestorm that engulfed Hunter Biden beginning in 2020 over his personal laptop and its contents. Meme coins carry no intrinsic value but frequently surge in price driven…
The satellite industry’s most important competition is not happening on launchpads — it is unfolding across radio frequencies racing to reach smartphones in billions of pockets worldwide. The FCC’s authorization of Supplemental Coverage from Space has unlocked a new competitive category where orbital constellations beam service directly into ordinary handsets without specialized hardware. Four publicly…
AST SpaceMobile (ASTS), a developer of low Earth orbit satellites, went public through a merger with a special purpose acquisition company in April 2021. Since its market debut, ASTS has risen more than fivefold, drawing significant investor attention as the LEO satellite sector gains momentum globally. Unlike SpaceX’s Starlink satellites, AST’s BlueBird satellites are considerably…
When multiple siblings inherit an IRA together, one of the first questions they ask is whether they can simply liquidate the account and split the proceeds immediately. The short answer is yes, beneficiaries can cash out an inherited IRA in a lump sum, but the financial consequences of doing so can be significant and long-lasting….
Decades of progress under the Occupational Safety and Health Act are being quietly eroded by stagnant regulations and a dramatic shortage of federal inspectors. In 1980, OSHA employed nearly 15 inspectors for every million covered workers, a ratio that has since collapsed to fewer than six per million. Today, roughly 740 federal inspectors are responsible…
Two very different space-focused companies are competing for investor attention, with one offering explosive growth and the other delivering steady, profitable performance. AST SpaceMobile (ASTS) has seen its share price pull back significantly, prompting investors to ask whether the satellite communications company is now undervalued compared to defense giant L3Harris Technologies (LHX). AST SpaceMobile has…
A reader’s devastating account of losing her best friend has resurfaced one of personal finance’s most urgent and persistently ignored warnings: make a will. The story, shared in a financial advice column, centers on a woman who died intestate, meaning she left no legal document directing where her assets should go. Her friend had long…
Japan’s foreign reserves have fallen at their fastest pace since the finance ministry began keeping records in 2000, dropping 6.18% in August. Finance ministry data showed that foreign reserves stood at $1.207 trillion, down sharply from July’s figure of $1.287 trillion. The decline marks the fourth consecutive month that reserves have contracted, extending a troubling…
Transportation Secretary Sean Duffy ordered a full ground stop at Miami International Airport on Sunday after an Amazon cargo plane overran a runway and caught fire. The incident occurred at approximately 2 p.m. EDT when 21 Air Flight 7598 overshot the runway following a landing at Miami International Airport. The Boeing 767-300 cargo aircraft had…