US Politics & Business News
AST SpaceMobile (ASTS) closed at $50.97 on October 9, marking a 62% decline from its May 28 peak as investor sentiment soured sharply. Deutsche Bank analyst Bryan Kraft upgraded ASTS from Hold to Buy on October 12, maintaining his $93 price target representing 82% upside from that close. Kraft had previously turned cautious on the…
Last week’s market action showed a clear divide between large-cap strength and small-cap weakness, with major indexes hovering near historic highs. The S&P 500 gained 1.15% on the week to close at 7,811.54, stopping just short of its 52-week high of 7,844.52, while the Nasdaq Composite added 0.64% to finish at 27,366.17. The Russell 2000…
India’s headline consumer price inflation climbed to 5.54% in September, up sharply from 4.82% in August, beating economist estimates to the upside. The consumer price index print came in above a Reuters poll forecast of 5.40%, marking the 11th consecutive month of rising inflation in the world’s fastest-growing economy. September’s reading represents a 22-month high…
House Speaker Mike Johnson says he plans to remain the Republican leader in the House even if the party loses its majority in the 2026 midterm elections. Johnson addressed the question directly in comments to CBS News, pushing back on speculation that he might exit politics if the GOP falls short in November. “In the…
U.S. stock futures climbed early Monday as investors prepared for the official start of the third-quarter earnings season across Wall Street. As of 4:00 a.m. ET, Nasdaq, S&P 500, Dow, and Russell 2000 futures each gained 0.2% ahead of a busy week of corporate and economic catalysts. The modest premarket gains followed a strong week…
A US investor is raising concerns after their financial adviser recommended placing $350,000 into a data center project based in the United Arab Emirates. The adviser reportedly described the opportunity in favorable terms, telling the client that the prospectus looks impressive, though the client remains uncertain about the risks involved. Investments in overseas data centers…
Senate Majority Whip John Barrasso (R-Wyo.) is raising serious alarms about recent reporting surrounding U.S. Ambassador to Greece Kimberly Guilfoyle and her personal finances. Barrasso made his remarks Sunday during an appearance on CBS’s “Face the Nation,” speaking directly with anchor Margaret Brennan about the mounting concerns. The senior Wyoming Republican did not mince words,…
Shares of AST SpaceMobile (ASTS) climbed roughly 1% overnight Sunday following a pair of significant operational developments over the weekend. The gains came after ASTS stock dropped 10% on Friday, closing at $50.97 and recording a 13% weekly loss for its second consecutive weekly decline. AST SpaceMobile announced via X that BlueBird satellites 14, 15…
The largest U.S. banks are set to kick off earnings season, offering investors their first clear look at how rising Treasury yields are hitting the broader economy. Analysts expect earnings at the biggest U.S. banks to rise by as much as 20% from a year earlier, though the backdrop remains complicated by surging long-term borrowing…
Senate Judiciary Committee Chair Chuck Grassley has fired back at Democrats who demanded an apology over the treatment of former special counsel Jack Smith at a recent hearing. In a letter to top committee Democrat Dick Durbin of Illinois, the 93-year-old Iowa Republican accused Democrats of embarrassing themselves by “falling over themselves” to defend Smith’s…