US Politics & Business News
South Korean chipmaker SK Hynix is targeting a $28 billion Nasdaq listing through American depositary receipts, capitalizing on surging global demand for artificial intelligence memory chips. The offering would rank as the second-largest share sale in history, trailing only SpaceX’s roughly $85.7 billion initial public offering completed last month. At $28 billion, the SK Hynix…
Investors are placing their most bullish bets on the U.S. dollar in nearly ten years, reflecting a significant shift in market sentiment toward the greenback. The crowded trade is drawing attention from analysts and traders who see a confluence of factors pushing the dollar higher in 2026. Rising oil prices, driven in part by renewed…
RTX’s (NYSE: RTX) Collins Aerospace has officially declared its Engineering Center of Excellence in Wolverhampton, UK, fully operational as of July 9, 2026. The facility is purpose-built to advance the development of electric thrust reverser actuation systems, branded by Collins as elecTRAS, for next-generation commercial aircraft. At the heart of the center is a modular…
Levi Strauss is pushing into new product categories and higher price points as it works to capture a larger share of the premium apparel market. The San Francisco-based company has expanded beyond its core denim offerings into dresses, skirts, tops, button-down shirts, and sweaters, broadening its appeal across categories. For the second quarter ended May…
Heavy short interest in both Wendy’s (WEN) and AST SpaceMobile (ASTS) has drawn attention from traders who believe the bears are badly miscalculating the upside in each stock. Short squeezes occur when heavily shorted stocks surge, forcing bearish traders to buy shares to cover their positions, which accelerates price gains further. Wendy’s (WEN) has become…
Raytheon, a business unit of RTX (NYSE: RTX), is partnering with European defense firms to double global production of the Stinger missile amid rising international demand. The expansion involves collaboration with Diehl Defence, a German defense company, which will manufacture the guidance section, a critical component of the Stinger missile system. Diehl Defence will also…
Redwire Corporation (NYSE: RDW) has appointed two industry veterans to strategic advisory roles at its space pharmaceutical venture, Space Microgravity Development, known as SpaceMD. SpaceMD is Redwire’s dedicated venture company focused on leveraging the microgravity environment in space for pharmaceutical research and manufacturing purposes. Paul Reichert, a former Principal Investigator at Merck & Co. Inc….
RTX Corporation (RTX) has climbed onto the list of most searched stocks, drawing renewed investor attention to the aerospace and defense giant. Shares of RTX have returned 10.6% over the past month, significantly outpacing the Zacks S&P 500 composite, which gained just 1.6% over the same period. The broader Zacks Aerospace – Defense industry, of…
Social Security recipients who continue working full time face a complex tax situation that can quietly erode retirement income if left unmanaged. For a 73-year-old still earning wages, the combined weight of Social Security income, payroll taxes, and required minimum distributions can create a significant federal tax burden. Federal law requires that up to 85%…
While SpaceX commands most investor attention following its record-breaking IPO, several smaller space economy players are building compelling cases for serious long-term returns. Space Exploration Technologies completed a landmark initial public offering that sent its market capitalization soaring past $2 trillion, making it one of the most valuable companies in the world. But three publicly…