US Politics & Business News
Buying a brand-new car in America has become a luxury increasingly reserved for the country’s highest earners, with the wealth gap reshaping the auto industry. Families earning $150,000 or more per year now account for 43% of all new cars sold in the United States, a striking jump from one-third of all sales recorded in…
August has historically delivered surprising gains for equity markets, and analysts suggest several converging forces could push stocks meaningfully higher this month. Investors are watching closely as a combination of macroeconomic signals, corporate earnings momentum, and shifting Federal Reserve expectations create a potentially favorable backdrop for equities. The Federal Reserve’s interest rate posture remains one…
AstraZeneca and Bristol Myers Squibb have held preliminary discussions about a potential merger that would create one of the largest pharmaceutical companies in the world. The Financial Times first reported the talks, citing people familiar with the matter, noting that a deal could solidify, break down, or face significant delays. Reuters later confirmed some details…
D-Wave Quantum shares climbed after the company announced a new deal with Nasdaq Verafin aimed at improving financial crime detection capabilities. The partnership pairs D-Wave’s quantum computing technology with Verafin’s established financial crime management platform, which operates under the Nasdaq (NDAQ) umbrella. Financial crime detection has become an increasingly urgent priority for banks and financial…
A 63-year-old semiretired physician has sparked debate by questioning whether high-net-worth Americans should opt out of Social Security entirely. The physician, writing to MarketWatch’s “Dear Quentin” advice column, says they have accumulated $2 million in retirement savings over their career. The letter writer states: “I am a 63-year-old semiretired physician. Years ago I said that…
Raytheon, a business unit of RTX (NYSE: RTX), has completed installation of the first SPY-6(V)4 radar array at the Surface Combat Systems Center in Wallops Island, Virginia. The milestone represents a significant step forward in the U.S. Navy’s Flight IIA Destroyer modernization effort and the broader SPY-6 backfit program. The Wallops Island facility is a…
When a teenage driver T-boned a car and sent a passenger’s head crashing into the driver’s window, the question of who pays the hospital bills became urgent. The instinct for any Medicare enrollee after a serious accident is to assume their federal health coverage will step in immediately, but that assumption can be dangerously wrong….
Quantum computing stocks are rallying sharply Monday at midday, driven by two concrete deal catalysts and a favorable broader market environment. D-Wave Quantum (NYSE: QBTS) leads the group, climbing 11% to $20.08 following the announcement of a new collaboration with Nasdaq Verafin, the exchange operator’s financial-crime-technology unit. The partnership will focus on developing quantum-hybrid applications…
JPMorgan strategists are signaling that technology stocks are unlikely to reclaim their dominant market position for the remainder of 2026. The bank’s analysts point to a broader shift in investor sentiment, with capital flowing away from high-growth tech names toward other sectors of the market. Gabriela Santos, JPMorgan Asset Management’s chief market strategist for the…
Deutsche Bank Research analysts Michael Hsueh and Bryant Xu maintain that gold has been in an explosive price phase since August 2024, with no signs of that momentum ending. The analysts describe recent price movement as a muted correction rather than a fundamental shift in the broader bullish trend driving the precious metal higher. Their…