US Politics & Business News
A record 41% of homebuilders are now cutting prices on new homes, marking the highest share ever recorded and signaling deep stress in the housing market. The data comes from the NAHB/Wells Fargo Housing Market Index, which tracks builder sentiment and pricing behavior across the country on a monthly basis. The share of builders slashing…
Shares of AST SpaceMobile (NASDAQ: ASTS) dropped sharply Thursday after the satellite communications company priced a fresh $1 billion convertible senior notes offering. The stock fell 13% to $57.63 in early trading, extending an overnight slide that began when details of the deal emerged late Wednesday. AST SpaceMobile priced $1 billion of 1.625% convertible senior…
Raytheon parent RTX is drawing renewed investor attention after a landmark UK Ministry of Defence contract award and meaningful progress on AI-driven aerospace maintenance capabilities. In July 2026, Omnia Training announced a £2.00 billion, 15-year contract with the UK Ministry of Defence focused on the British Army’s digitally enabled collective training program. Raytheon UK is…
Canadian wildfire smoke is blanketing major American cities, pushing Chicago, Detroit, and New York City among the most polluted locations on the planet today. Air quality alerts are currently in effect across at least 17 states, stretching from Minnesota to New Hampshire and south through Virginia, as dangerous smoke continues moving into the U.S. More…
D-Wave Quantum (QBTS) continues to see growing interest in its Advantage2 annealing quantum computer system across both commercial and academic markets. During its May 2026 earnings call, management raised its annual outlook for system sales, now expecting to close 2 or 3 system deals per year. The company also confirmed that at least 2 system…
Morgan Stanley has reaffirmed its confidence in Lloyds Banking Group PLC (NYSE: LYG), reiterating an overweight rating on the stock as of June 30. The investment bank also raised its price target on LYG to 135 GBp from 125 GBp, signaling continued optimism about the company’s financial trajectory. The upgraded price target reflects the bank’s…
AST SpaceMobile (NASDAQ: ASTS) saw its shares fall sharply in after-hours trading following the pricing of a $1 billion private convertible senior notes offering due 2034. The satellite communications company priced the notes at an interest rate of 1.625%, setting terms that attracted immediate scrutiny from investors watching for potential share dilution. The notes carry…
SK Hynix, the world’s leading AI memory chipmaker, raised over $26 billion selling American Depositary Receipts priced at $149 each after its Korean shares more than tripled this year. The ADRs opened 14% above the offer price at $170 before ending their first trading day at $168, setting the stage for dramatic swings in the…
U.S. stock futures slipped early Thursday as escalating Middle East tensions, semiconductor weakness, and fresh economic data kept investors cautious ahead of the open. Nasdaq futures (QQQ) declined 0.5%, Russell 2000 futures fell 0.3%, S&P 500 futures (SPY) dropped 0.1%, and Dow futures were flat with a negative bias as of 4:00 a.m. ET. U.S….
The question of when to claim Social Security benefits remains one of the most consequential financial decisions American retirees face each year. Many financial planners traditionally advise clients to weigh their life expectancy when deciding whether to claim benefits early, at full retirement age, or delay until age 70. The conventional wisdom holds that those…