US Politics & Business News
Russia continues to insist its wartime economy is healthy and resilient, even as a senior economist was dismissed after contradicting that official narrative. Andrei Klepach, the former chief economist of Russia’s state-controlled development bank VEB and a former deputy economy minister, was reportedly fired on Sunday following reports of remarks he made earlier this year….
Boeing (BA) stock carries the richest valuation multiple among its aerospace and defense peers, even as its profitability and twelve-month returns disappoint investors. The company posted revenue growth of 25% over the last twelve months, outpacing every major competitor in its peer group by a wide margin. Despite that top-line momentum, Boeing’s stock delivered a…
RTX (NYSE: RTX) subsidiary Raytheon has secured a $22.9 billion, seven-year contract to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy. The contract was awarded as part of the Department of War’s Arsenal of Freedom initiative, which has already produced landmark agreements with defense suppliers. Under the terms of the deal, Raytheon…
Shares of AST SpaceMobile (ASTS) snapped a two-day losing streak on Monday, gaining 0.2% after declining more than 4% across the prior two sessions. The modest rebound came as the Federal Communications Commission continued its review of Ligado Networks’ application to operate L-band broadband payloads aboard 96 satellites in AST’s constellation. Ligado filed the request…
The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) has hit its lowest trading level since June 2004, deepening a historic selloff in long-dated U.S. government debt. The BlackRock Inc. fund touched $81.80 on Friday, falling more than 50% from its March 2020 peak above $170, a staggering decline for one of the world’s biggest…
RTX (NYSE: RTX), the aerospace and defense conglomerate behind Raytheon, Pratt & Whitney, and Collins Aerospace, has landed a landmark $22.9 billion U.S. Navy contract for Tomahawk cruise missiles. Shares climbed approximately 0.5% to $224.03 Monday morning as investors responded positively to one of the largest defense contracts awarded in recent memory. The seven-year agreement…
The U.S. stock market has delivered its most powerful sustained rally in more than a quarter century, rewarding investors who chose to stay the course through persistent uncertainty. Despite a barrage of troubling headlines spanning geopolitical tensions, inflation concerns, and political turbulence, equity markets have continued climbing to remarkable heights. The lesson for everyday investors…
California industrial facilities that receive a 60-Day Notice alleging stormwater violations are not hearing from a government regulator. In the vast majority of cases, the notice comes from a private environmental organization exercising its right to sue under the citizen-enforcement provision of the federal Clean Water Act — and according to a new analysis, a…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 6% to $20.22 in early Monday trading following a major contract announcement that extended Friday’s 8% rally. The company disclosed an authorization to proceed on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million from an undisclosed customer. Intuitive Machines will use its…
Raytheon, an RTX (NYSE: RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy to sharply accelerate production of Tomahawk cruise missiles. The Department of War announced the award on Monday, marking one of the most significant long-range strike munitions contracts in recent U.S. defense history. The agreement was awarded through the…