US Politics & Business News
Quantum Computing Inc. (QUBT) is facing a critical profitability challenge even as its revenue growth has accelerated sharply over the past year. Second-quarter 2026 revenues surged to $5.6 million from just $61,000 in the year-ago period, yet the company still posted a gross loss of approximately $1.2 million. The gap between revenue growth and profitability…
Federal Reserve Chairman Kevin Warsh has moved quickly to reshape monetary policy since taking the helm on May 22, following his appointment by President Trump. Warsh has repeatedly talked up his commitment to fighting inflation, but Wall Street is growing impatient for concrete action to back up his hawkish rhetoric. His comments at a recent…
Former Vice President Kamala Harris is brushing off calls from red-state Democrats asking her to stay away from their races ahead of the 2026 midterms. Harris spoke on MS Now’s State of Play with host Peter Alexander, initially joining to discuss journalist and feminist activist Gloria Steinem, who died Wednesday at age 92. Alexander pivoted…
Rep. Carlos Gimenez (R-Fla.) is drawing attention after publicly praising China’s approach to integrating artificial intelligence into its national education system. Gimenez made his remarks Wednesday during an appearance on NewsNation’s “The Hill,” hosted by Blake Burman, weighing in on a debate that is rapidly dividing American policymakers. “I think in this case, I think…
Renewed military conflict between the United States and Iran is sending shockwaves through financial markets, with defense stocks and ETFs emerging as standout beneficiaries. U.S. strikes on Iranian rocket launchers in the Strait of Hormuz, followed by retaliatory attacks on U.S. bases in Jordan, have dramatically escalated tensions in the Middle East. Analysts at Zacks…
The Federal Reserve’s interest rate decisions command enormous attention from Wall Street, but their actual impact on equities is often overstated by market participants. Investors frequently treat each Fed meeting as a make-or-break moment for portfolios, yet historical market behavior tells a more nuanced and complicated story about rate sensitivity. Stock markets have repeatedly demonstrated…
A shooting inside a downtown Minneapolis apartment building Wednesday afternoon left two people dead and three police officers injured, authorities confirmed. Police Sgt. Garrett Parten addressed reporters at a press conference Wednesday evening, outlining the sequence of events that unfolded inside the high-rise building. A 911 call reporting shots fired came in just after 4:30…
AST SpaceMobile (ASTS) shares jumped more than 11% after Berenberg initiated coverage of the stock with a Buy rating on Wednesday. The move is part of a broader push by the broker to highlight investment opportunities across the space sector following a period of volatility. Berenberg launched coverage of four space stocks simultaneously, all receiving…
RTX Corporation (RTX) has lost just 0.7% over the past six months, a notably stronger result than the Zacks Aerospace-Defense industry’s steep decline of 15.8%. The broader Zacks Aerospace sector also fell 15.9% during the same period, making RTX’s relative resilience stand out among its peers. RTX did, however, underperform the S&P 500, which posted…
House Minority Leader Hakeem Jeffries is under fierce internal pressure to punish two Democratic members who crossed party lines on a key procedural vote. Rep. Marie Gluesenkamp Perez of Washington and Rep. Jared Golden of Maine sided with Republicans on a procedural rule that would have otherwise failed without their support. Their votes effectively bailed…