US Politics & Business News
Zames, a former JPMorgan Chase (JPM) executive, is joining the Social Security Administration in an unpaid advisory role starting this week. He will work alongside Frank Bisignano, the current Social Security commissioner and former JPMorgan colleague, to help modernize the agency’s outdated systems. Zames is set to begin at Social Security Administration headquarters in Baltimore,…
Grandparents across the United States are increasingly using estate planning tools to encourage financial responsibility among younger generations before they receive inherited wealth. A rising trend among older Americans involves tying inheritance distributions to the completion of financial education courses or demonstrated money management skills. Estate planning attorneys report more clients asking how to legally…
D-Wave Quantum (QBTS) shares surged 7.2% through 12:15 p.m. ET Friday after BMO Capital initiated coverage of the quantum computing company with a bullish rating. BMO Capital analyst Harsh Kumar assigned D-Wave an outperform rating, arguing the stock could climb from $20 to $35 within a year. Kumar described D-Wave as “a revolutionary quantum computing…
Tesla (TSLA) shares climbed sharply this week as the company’s autonomous vehicle ambitions moved closer to commercial reality with a major deployment milestone. TSLA jumped roughly 4% in a single session, marking the stock’s best performance in over a month and putting shares on track for a third consecutive weekly gain. The gains come as…
AST SpaceMobile (ASTS) has received a 30-day authorization from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum band. The approval represents a meaningful regulatory milestone for the company as it continues building out its space-based cellular broadband network. The 800 MHz band is particularly significant because it offers strong signal…
Washington and Ottawa are engaged in urgent last-minute negotiations aimed at blocking scheduled 50% import taxes on roughly $20 billion in Canadian goods. President Donald Trump threatened the steep tariffs on Canadian exports including cement and hockey sticks, ratcheting up pressure on both governments to reach an agreement quickly. With less than two hours before…
The American Federation of Government Employees is pushing Congress to dramatically increase funding for the Social Security Administration amid a worsening staffing crisis. AFGE Council 220 President Jessica LaPointe called on lawmakers to approve $3 billion above current spending levels to hire an additional 20,000 SSA employees. LaPointe said the funding is needed “to begin…
Despite record defense spending and active combat operations, most major defense contractor stocks have struggled to hold ground in recent trading sessions. Shares of 10 major defense contractors tracked by Barron’s were down an average of 17% since fighting started in Iran, a notable decline given the current war footing. Only two companies in the…
Shares of AST SpaceMobile (ASTS) climbed 1% overnight late Thursday after reports surfaced that the company and SpaceX (SPCX) are eyeing a massive low-band spectrum portfolio. Grain Management has asked interested parties to submit preliminary offers by the first week of September for 800 MHz licenses it recently acquired from T-Mobile. Bloomberg reported, citing people…
Honeywell Aerospace (HONA) received a significant vote of confidence from Wall Street on Wednesday as Morgan Stanley upgraded the stock to Buy from Hold. Morgan Stanley analyst Kristine Liwag made the call, signaling that the aerospace company’s recent share price decline has created an attractive entry point for investors. HONA shares have been under notable…