US Politics & Business News
AST SpaceMobile (ASTS) shares jumped nearly 10% to $61.22 on Wednesday, marking the stock’s strongest single-day performance in roughly a month. The rally was driven by two catalysts: a bullish initiation from investment firm Berenberg and a fresh share purchase by early investor and board member Adriana Cisnero. According to a regulatory filing, Cisnero purchased…
The August jobs report, due Friday, is expected to cap off one of the weakest summers for job creation in recent memory. The Bureau of Labor Statistics report is projected to show nonfarm payrolls grew by just 53,000, according to the Dow Jones consensus estimate. Even with that sluggish pace, economists expect the unemployment rate…
Carlyle is expected to shelve plans to sell The Very Group after potential buyers, including JD.com, failed to meet the private equity firm’s £2 billion minimum asking price. The auction process, launched earlier this year, is now unlikely to proceed, leaving Carlyle as the owner of the British online retailer for the foreseeable future, according…
Quantum Computing Inc. (QUBT) is facing a critical profitability challenge even as its revenue growth has accelerated sharply over the past year. Second-quarter 2026 revenues surged to $5.6 million from just $61,000 in the year-ago period, yet the company still posted a gross loss of approximately $1.2 million. The gap between revenue growth and profitability…
Federal Reserve Chairman Kevin Warsh has moved quickly to reshape monetary policy since taking the helm on May 22, following his appointment by President Trump. Warsh has repeatedly talked up his commitment to fighting inflation, but Wall Street is growing impatient for concrete action to back up his hawkish rhetoric. His comments at a recent…
Former Vice President Kamala Harris is brushing off calls from red-state Democrats asking her to stay away from their races ahead of the 2026 midterms. Harris spoke on MS Now’s State of Play with host Peter Alexander, initially joining to discuss journalist and feminist activist Gloria Steinem, who died Wednesday at age 92. Alexander pivoted…
Rep. Carlos Gimenez (R-Fla.) is drawing attention after publicly praising China’s approach to integrating artificial intelligence into its national education system. Gimenez made his remarks Wednesday during an appearance on NewsNation’s “The Hill,” hosted by Blake Burman, weighing in on a debate that is rapidly dividing American policymakers. “I think in this case, I think…
Renewed military conflict between the United States and Iran is sending shockwaves through financial markets, with defense stocks and ETFs emerging as standout beneficiaries. U.S. strikes on Iranian rocket launchers in the Strait of Hormuz, followed by retaliatory attacks on U.S. bases in Jordan, have dramatically escalated tensions in the Middle East. Analysts at Zacks…
The Federal Reserve’s interest rate decisions command enormous attention from Wall Street, but their actual impact on equities is often overstated by market participants. Investors frequently treat each Fed meeting as a make-or-break moment for portfolios, yet historical market behavior tells a more nuanced and complicated story about rate sensitivity. Stock markets have repeatedly demonstrated…
A shooting inside a downtown Minneapolis apartment building Wednesday afternoon left two people dead and three police officers injured, authorities confirmed. Police Sgt. Garrett Parten addressed reporters at a press conference Wednesday evening, outlining the sequence of events that unfolded inside the high-rise building. A 911 call reporting shots fired came in just after 4:30…