US Politics & Business News
Raytheon, a business unit of RTX (NYSE: RTX), has completed a major 17,000 square-foot expansion of its manufacturing facility in Forest, Mississippi. The $50 million capital investment is designed to boost production capacity for electronic warfare and radar systems critical to national defense programs. The expansion is expected to generate 100 high-skill jobs in the…
CrowdStrike Holdings (CRWD) shares jumped more than 11% in extended trading after the cybersecurity giant delivered a record-setting fiscal second quarter that surpassed Wall Street expectations on every major metric. Revenue for the quarter ended July 31 climbed 26% year-over-year to $1.47 billion, topping the analyst consensus estimate of $1.44 billion by a comfortable margin….
Wall Street is recalibrating its outlook on D-Wave Quantum (QBTS), with the stock’s fair value estimate edging down from US$36.84 to US$35.24. The modest reduction reflects shifting assumptions across revenue growth, profit margins, and valuation multiples that analysts use to frame the quantum computing company’s long-term upside. QBTS shares fell 9.51% as the updated estimates…
Novo Nordisk (NVO) has been downgraded to sell by analysts as its stock continues to suffer one of the steepest declines seen among major pharmaceutical companies in recent years. The Danish drugmaker’s market capitalization has fallen nearly 69% since hitting an all-time high of $635.7 billion in June 2024, wiping out hundreds of billions in…
Nvidia has agreed to acquire Hugging Face for $12.9 billion, a move that hands the world’s dominant AI chipmaker control over one of the most vital developer platforms in the industry. The Information first reported the agreement, citing a person familiar with the deal, sending fresh waves through an already turbulent AI landscape. Hugging Face…
Despite D-Wave Quantum’s (QBTS) considerable strengths, a rival quantum computing firm is drawing stronger attention from investors and analysts alike. D-Wave brings a compelling profile to the table, including promising technologies, rapidly growing bookings and backlog, U.S. government investment, and an impressive customer roster. Among D-Wave’s major customers are Toyota (TM), Deloitte, Mastercard (MA), and…
L3Harris Technologies (LHX) is expanding its footprint in the electronic warfare market as global defense spending rises and demand for advanced aircraft protection intensifies. Electronic warfare capabilities have become essential to modern air operations, helping military aircraft detect, disrupt, and counter enemy radars, missiles, and other electronic threats. In August 2026, L3Harris secured a new…
The Chinese Embassy in Washington pushed back sharply against the latest round of US sanctions targeting Iran’s oil exports, warning that the measures risk further destabilizing an already fragile Middle East and could deal a blow to global economic growth. Washington has steadily escalated its “maximum pressure” campaign against Tehran’s oil sector this year, with…
AST SpaceMobile (ASTS) presents investors with one of the most compelling yet demanding growth propositions in the satellite broadband space today. The company has built a direct-to-device network designed to connect standard, unmodified smartphones to broadband service via satellite, supported by approximately 3,900 patent and patent-pending claims. AST SpaceMobile has signed partnerships with more than…
CrowdStrike Holdings (CRWD) jumped more than 11% in extended trading after the cybersecurity giant crushed Wall Street’s fiscal second-quarter expectations and raised its full-year guidance. The company reported adjusted earnings per share of 31 cents, topping the 29 cents analysts had expected, while revenue came in at $1.47 billion against a $1.44 billion consensus estimate….