US Politics & Business News
GE Aerospace (GE) shares trade at $337, putting the stock at 39 times trailing earnings, a valuation that demands a compelling underlying story to justify the price. The bullish case here is not about the earnings multiple at all — it centers entirely on cash generation and how fast that cash is arriving. Management has…
Last year, Trump promoted a $2,000 tariff dividend for Americans that never resulted in actual payments being sent to households. Now the president is raising the stakes significantly, promising $5,000 checks to every adult American citizen after the midterms. Trump said: “If the Republicans win the House of Representatives and the United States Senate, both…
Republicans from across the party are gathering in Dallas this week for a two-day Republican National Committee midterm convention led by President Trump. Trump is directing GOP members to campaign as though he himself is on the ballot during the upcoming midterm elections, setting an aggressive tone for the party. Administration officials, Republican candidates, and…
AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…
GE Aerospace (GE) has signed an agreement to acquire Consolidated Precision Products, known as CPP, from private investment firms Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $11.75 billion in total, structured using $7 billion in cash with debt covering the remaining consideration. CPP, headquartered in Cleveland, Ohio, specializes in producing precision-engineered…
A growing number of young Americans say the classic formula for financial success is no longer working the way previous generations experienced it. Generation Z and younger millennials are finding it harder than ever to achieve financial stability through education, stable employment, and homeownership. Rising living costs, unaffordable starter homes, mounting consumer debt, and the…
A new poll reveals that Americans are growing increasingly skeptical of information released by the federal government, with majorities expressing low levels of trust. The Associated Press-NORC Center for Public Affairs Research and USAFacts conducted the survey, releasing their findings on Wednesday to broad public attention. The results paint a stark picture of the relationship…
Three researchers at Anthropic have gone public with stark warnings that artificial intelligence development could destroy humanity before the end of this decade. Anthropic researcher Jacob Coxon, 27, announced his resignation, citing his refusal to contribute to a competitive race where firms prioritize speed over ensuring humans maintain control of advanced AI systems. Coxon wrote…
UBS strategists are making a bold case for European equities, arguing that the region’s stocks are high quality and significantly underowned by global investors. The Swiss banking giant says Europe has long suffered from a reputation that no longer reflects the underlying reality of its corporate landscape. UBS is telling clients to forget what it…
The Republican Party’s first-ever midterm convention kicks off in Dallas this week, placing GOP candidates squarely in the middle of a difficult political calculation. Candidates must weigh the benefits of aligning publicly with President Trump against the risks of being tied to a president with slumping approval numbers just 55 days before the election. Trump…