US Politics & Business News
New federal guidelines are opening the door for working parents to reduce their taxable income while building long-term wealth for their children through Trump Accounts. The Treasury Department and IRS have proposed rules allowing employers to contribute up to $2,500 annually to Trump Accounts belonging to employees or their dependent children, tax-free. Employees would also…
Bank of America believes the recent sell-off in AI infrastructure stocks has gone far enough to justify fresh buying positions across the sector. The bank’s research team published a note on Wednesday screening its trading desk’s AI ecosystem baskets and identifying 16 Buy-rated stocks worth revisiting. The methodology focused on names that had fallen sharply…
AST SpaceMobile (ASTS) received temporary approval from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum with up to 100 commercially available devices. The FCC granted AST SpaceMobile a 30-day special temporary authority allowing tests of its supplemental coverage from space capabilities across two distinct spectrum bands. Specifically, the authorization covers…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 10% to around $19 on Friday morning, while Virgin Galactic (NYSE: SPCE) gained 10%, approaching $3.50 per share. The broader space sector largely ignored the rally, with Rocket Lab (NASDAQ: RKLB) up just 1% to $81.25 and AST SpaceMobile (NASDAQ: ASTS) edging up 1% to $72.32. SpaceX (NASDAQ:…
The United States is on the verge of a debt milestone no nation in history has ever reached, with the national debt approaching $40 trillion. As of August 11, the Treasury Department’s official tally stood at $39,941,929,832,070.77, leaving just $58 billion remaining before the threshold is crossed. At the recent borrowing pace of roughly $6.5…
Equity markets continue pushing into record territory despite persistently elevated interest rates that many analysts expected would weigh heavily on valuations. The resilience of stocks in the face of high borrowing costs has surprised even seasoned market watchers who anticipated a more pronounced pullback driven by tighter financial conditions. Interest rates at multiyear highs typically…
U.S. stock futures held in a tight range early Thursday as investors pivoted their attention to fresh inflation and labor market data after July’s CPI report did little to shake Fed rate expectations. As of 4:00 a.m. ET, Nasdaq futures were flat with a negative bias, while S&P 500 and Dow futures were flat with…
Workday (WDAY) shares exploded 25% higher Thursday after Reuters reported that private equity firm Silver Lake is in talks to acquire the company. Trading in the stock was halted three times due to circuit breakers as volatility surged on the breaking news out of financial markets. Silver Lake and the human-resources and financial management software…
SanDisk shares rocketed 13.7% on Thursday, pushing the stock’s four-session gain to an extraordinary 25.8% as investor enthusiasm intensifies. The memory-chip company has now surged 541% so far this year, making it one of the most dramatic stock stories in the technology sector in 2026. The rally is spreading across the memory and storage industry,…
The quantum computing industry continued its march toward commercialization in the second quarter of 2026, with enterprise adoption, government support and capital availability all strengthening across the sector. McKinsey’s April 2026 Quantum Technology Monitor identified accelerating commercialization trends, with more than 300 organizations worldwide now actively engaging with quantum computing technology. The McKinsey report also…