US Politics & Business News
Rove, a former senior adviser to President George W. Bush and longtime Texas Republican strategist, announced he will vote for Democrat Jon Rosenthal in the Texas Railroad Commission race. Rosenthal is a Houston Democrat running against Republican Bo French for a seat on the commission, the state agency that regulates oil and gas production. Rove…
U.S. stock futures edged higher early Wednesday as investors looked past another weak Wall Street session and turned their attention to the Federal Reserve’s highly anticipated rate decision. The Federal Reserve is widely expected to raise interest rates for the first time in three years, with markets pricing in a 92.5% probability of a hike…
RTX Corporation (RTX) is expanding its defense communications capabilities to address the growing demand for resilient connectivity in challenging military operating environments. Through its subsidiary Collins Aerospace, RTX is developing communication systems designed to support military missions across multiple frequency bands, strengthening its foothold in advanced defense communications. In 2025, Collins Aerospace was awarded a…
The Bank of England is widely expected to leave its 3.75% Bank Rate unchanged on Thursday, even as inflation climbs well beyond its 2% target. Markets are pricing in more than an 80% chance that the central bank holds steady at Thursday’s meeting, according to LSEG data, signaling a notable split from global peers. A…
Harris is set to campaign alongside Democratic Senate nominee Abdul El-Sayed in Michigan next week, marking their first public appearance together since she endorsed him. The two will attend a roundtable focused on Black maternal health on Tuesday, according to El-Sayed’s campaign spokesperson. Harris and El-Sayed have spoken multiple times since she endorsed the progressive…
Shares of AST SpaceMobile (ASTS) rose more than 1% overnight Wednesday, closing at $59.27, even as investors searched for clarity on the next BlueBird satellite launch. Despite the overnight gain, ASTS remains down roughly 1% for the week, reflecting lingering uncertainty around the company’s satellite deployment schedule. Retail investors on Stocktwits largely held firm in…
The second quarter earnings season for defense contractors has wrapped up, revealing a broadly strong performance across the sector with a few notable exceptions. RTX (NYSE:RTX), the aerospace and defense giant formerly focused on refrigeration technology, posted revenues of $24.71 billion, up 14.5% year on year, beating analyst expectations by 7.8%. The company also delivered…
Diesel fuel prices have surged to record highs, rattling transportation companies that form the backbone of the American economy. Prices for diesel, used to power trucks and trains, reached an all-time high of approximately $6.31 per gallon on Wednesday, according to AAA data. The spike represents a more than 70% increase from a year ago,…
Stephen Colbert has opened up about life after late night television, telling Jimmy Kimmel he has no regrets about stepping away from the format. Colbert appeared on Kimmel’s show and spoke candidly about the toll that covering the daily news cycle had taken on him personally and professionally. He described consuming the daily news as…
SpaceX (NASDAQ: SPCX) shares are climbing sharply Wednesday morning after the company confirmed a firm date for Starship’s most consequential test flight to date. Barron’s reported that SpaceX plans to launch Starship again on September 22, targeting the vehicle’s first attempt to place its upper stage into stable Earth orbit. SpaceX stock is trading at…