US Politics & Business News
President Trump’s super PAC, MAGA Inc., has poured an additional $5 million into the Texas Senate race, according to a new Federal Election Commission filing published Saturday. The latest expenditure was earmarked for Del Ray Media LLC, a Virginia-based political media company, to fund TV and digital advertising efforts in the race. The advertising is…
Ed Sheeran addressed the controversy surrounding his Loop Tour at a solo concert in Philadelphia on Saturday, speaking directly to the crowd about the situation in Gaza. The British singer opened the show by acknowledging his long-standing reluctance to wade into political commentary, citing a career built around unity and shared humanity rather than division….
RTX Corporation (NYSE: RTX) holds a significant structural advantage over Lockheed Martin (NYSE: LMT) when it comes to exposure to fixed-price defense contract risk. The distinction matters more than ever as the defense industry faces mounting pressure on traditional contracting models and government spending priorities. Lockheed Martin’s fixed-price contracts accounted for $45.2 billion of its…
Forty-six members of the Senate Democratic caucus are demanding Defense Secretary Pete Hegseth provide a detailed accounting of the ongoing Iran war’s total costs. The letter was led by Michigan Sen. Elissa Slotkin and signed by every Senate Democrat except Sen. John Fetterman, with independent Sens. Bernie Sanders and Angus King also included. The United…
President Trump announced plans to create an “AI Force” and appoint a new “czar” to oversee the development of artificial intelligence across the United States. Trump made the announcement in a lengthy Truth Social post, dismissing concerns about the absence of federal AI guardrails as a “hoax.” The president framed his proposals as a necessary…
Quantum computing stocks are trading as a thematic basket Thursday morning, with IonQ (NYSE: IONQ) leading a sector-wide surge on a single research disclosure. IonQ reported progress on generating quantum optimization circuits using a generative machine learning method developed alongside NVIDIA (NASDAQ: NVDA), Oak Ridge National Laboratory, and the University of Tennessee. The approach held…
ValueWorks founder Charles Lemonides argues that investors are too fixated on dominant companies, missing significant value in smaller, overlooked rivals. Lemonides, whose firm manages approximately $400 million through a hedge fund and other investment strategies, made his case in a recent interview. He told MarketWatch that “there’s a winner-take-all fallacy in certain industries, and there…
As House Republicans left Washington for a seven-week pre-midterm recess, cracks in party unity were on full display before lawmakers departed. A perfect storm of affordability issues is developing for Republicans heading into November, and the party has largely abandoned hopes of passing meaningful legislation before Election Day. Seven Republicans broke ranks this week and…
Iowa Republicans face an increasingly delicate balancing act as midterm elections approach and Democrats work aggressively to tie GOP candidates to the Trump administration. The tension was on stark display in Council Bluffs, where gubernatorial candidate Zach Lahn joined Vice President Vance on the campaign trail while Republican Senate candidate Rep. Ashley Hinson skipped the…
Rigetti Computing (RGTI) sells quantum computing systems into a market its own management describes as early, making a straightforward investment case nearly impossible to construct. Traditional valuation tools like price-to-earnings ratios are useless here because Rigetti continues to lose money, leaving investors with few conventional anchors. The more useful measure is the price-to-sales multiple, which…