US Politics & Business News
SpaceX (NASDAQ: SPCX) shares dropped 4% to $148.13 on Wednesday, as investors confronted a rare combination of supply, valuation, and insider-selling pressures simultaneously. President and COO Gwynne Shotwell disclosed a plan to sell 342,170 shares with an aggregate value of nearly $52 million, adding to the market’s unease heading into a critical stretch. The filing…
RTX Corporation (NYSE: RTX) has formed a new alliance with Xcimer Energy to explore advanced pulsed laser and fusion concepts for potential defense applications. The partnership is focused specifically on fusion-based laser architectures that could eventually be integrated into next-generation directed energy weapon systems. Alongside the Xcimer deal, RTX confirmed a significant leadership change at…
As President Trump prepares to host Chinese President Xi Jinping in Washington, rights advocates and lawmakers are demanding human freedom take center stage at the summit. The September 24 Trump-Xi meeting has drawn intense attention from bipartisan lawmakers, human rights organizations, and advocacy groups pressing the administration to act. Calls are mounting for Trump to…
A new poll indicates that a majority of American voters believe the country is moving in the wrong direction ahead of the 2026 midterm elections. The survey results suggest widespread dissatisfaction among the electorate, with voters expressing concern about the current state of the nation. Democrats appear poised to benefit from this pessimistic national mood,…
RTX (RTX) is giving investors fresh reasons for optimism as CEO Chris Calio outlined the company’s commanding backlog position at a high-profile industry conference. Calio presented at the Morgan Stanley 14th Annual Laguna Conference, where he highlighted RTX’s remaining performance obligations, known as RPO, currently standing at a record $289 billion. The defense and aerospace…
An 82-year-old woman has received a letter from Social Security demanding repayment of approximately $20,000 in overpaid benefits, alarming her adult son. The unexpected notice has thrust the family into a difficult conversation about the elderly woman’s overall financial situation and long-term stability. Social Security overpayments have become an increasingly common problem for older Americans,…
Mississippi Republican Sen. Roger Wicker delivered sharp criticism of Chinese President Xi Jinping ahead of the leader’s high-profile summit with President Trump in Washington, D.C. During remarks on the Senate floor Tuesday, Wicker said that had the White House sought his “advice,” he would have recommended Trump “not invite Xi Jinping to Washington for such…
AST SpaceMobile, Inc. (ASTS) closed the most recent trading session at $63.69, representing a gain of 2.91% from the previous day’s close. The broader market told a different story, with the Dow Jones Industrial Average falling 0.36% while the Nasdaq posted a gain of 0.45% on the same trading day. Despite Tuesday’s positive movement, ASTS…
California’s labor movement notched a significant win in 2025, adding more than 100,000 union members and outpacing the national rate of growth, according to a sweeping new study produced by researchers across nearly every campus in the University of California system. The study, called “State of the Unions,” was spearheaded by UCLA’s Institute for Research…
A Reuters report on Iran offering to reopen the Strait of Hormuz within seven days has triggered a sharp selloff in aerospace and defense shares Tuesday morning. Iran’s offer is contingent on the U.S. taking initial steps toward easing military pressure, according to the Reuters report driving Tuesday’s market moves. Crude oil is falling for…