US Politics & Business News
US stock futures surged early Monday as traders welcomed the pause in Middle East fighting just as one of the busiest earnings weeks of the year gets underway. Dow futures gained about one percent, the S&P 500 added nearly one percent, and Nasdaq 100 futures jumped roughly one point four percent. The rally follows a…
Two House lawmakers from opposite parties introduced legislation last week that would give federal regulators new power to block the deployment of the most powerful AI models when they pose an imminent catastrophic risk. Reps. Jay Obernolte, a California Republican, and Lori Trahan, a Massachusetts Democrat, unveiled the bill on Thursday. The measure is formally…
Crude oil tumbled sharply on Monday after Washington and Tehran both stepped back from two weeks of direct strikes on each other. Brent crude dropped as much as seven percent below ninety dollars a barrel before clawing back roughly half of that loss by midday. The pullback triggered a broader relief rally across stocks, bonds,…
New legislation in Virginia and Maine is shifting the balance of power in salary negotiations firmly toward job seekers and employees. The two states are the latest to require employers to disclose salary ranges in job postings, bringing the nationwide total to 18 states and Washington, D.C. Virginia’s law took effect on July 1, with…
AST SpaceMobile (ASTS) shares jumped more than 4% in premarket trading Monday, even as a prominent satellite analyst cast serious doubt on the company’s competitive future. Satellite analyst Tim Farrar argued on X that AST SpaceMobile could arrive “too little, too late” in the direct-to-device race against Starlink’s expanding satellite network. Farrar said AST’s low-band…
The Monetary Authority of Singapore moved to tighten monetary policy for a second consecutive time, acting preemptively against a renewed surge in global oil prices. The MAS said it will increase the rate of appreciation of the Singapore dollar’s nominal effective exchange rate policy band “very slightly,” with the adjustment smaller than April’s move. The…
Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX (RTX) posted record backlogs and raised guidance, driven by near-term missile defense demand and long-term military modernization programs. Northrop Grumman raised its 2026 sales and earnings outlook after reporting stronger second-quarter bookings and revenue growth across all four of its business segments. CEO Kathy Warden said the…
The $31 trillion Treasury market is delivering an unmistakable message to Federal Reserve Chair Kevin Warsh: interest rates are not high enough. Treasury yields have surged well past the Fed’s current policy rate, signaling that markets believe the central bank is falling behind the economic reality. Two-year Treasury yields have climbed to a range of…
RTX Corporation (RTX) delivered a strong second-quarter performance, reporting adjusted sales of $24.7 billion, up 16% organically compared to the same period last year. Adjusted earnings per share climbed to $1.89, representing a 21% year-over-year increase driven by 18% growth in segment operating profit across the company’s major divisions. Free cash flow reached $2.9 billion…
RTX (RTX) shares climbed after the aerospace and defense giant delivered a strong earnings report that beat expectations and raised its full-year financial guidance. The company posted what investors have long craved from a major defense contractor: a clean beat-and-raise quarter that signals operational momentum and growing revenue visibility. For 2026, RTX now expects full-year…