US Politics & Business News
SK Hynix is set to make its long-awaited debut on the Nasdaq, giving U.S. investors direct access to South Korea’s second most valuable company for the first time. The company priced its American depositary receipts at $149 per share, raising $26.5 billion to fund an aggressive expansion into new factories and equipment. Demand for the…
A sharp sector-wide selloff in July has dragged down three of the most closely watched names in the commercial space industry. Rocket Lab (NASDAQ: RKLB), AST SpaceMobile (NASDAQ: ASTS), and Intuitive Machines (NASDAQ: LUNR) have each declined sharply over the past month despite growing contract backlogs and government awards. Investors should treat this group as…
Delta Air Lines (NYSE: DAL) reported first-quarter adjusted operating revenue of $14.2 billion, a 9.4% increase over the prior year and a record for the March quarter. The strong top-line result came even as the carrier absorbed what it described as the highest quarterly fuel expense in its history, pressuring margins heading into the spring…
SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…
RTX, operating through its Raytheon division, is significantly expanding missile production capacity across Europe to meet growing NATO and allied defense requirements. The company is actively working alongside European partners to qualify new suppliers and strengthen the broader missile supply chain infrastructure. Central to the expansion are plans to double Stinger missile output in partnership…
Global financial markets are facing risks that could dwarf previous crashes, with AI investment alone running roughly 17 times higher than the 2000 dot-com boom. The dot-com collapse and the 2008 subprime housing crisis caused estimated losses of $5 to $6 trillion and $15 to $20 trillion respectively, setting a grim benchmark for what another…
The Federal Reserve has announced the leaders of five outside task forces formed by Chairman Kevin Warsh to drive sweeping reforms at the central bank. The panels bring together an unusually diverse group of figures from finance, academia, and the corporate world, reflecting Warsh’s deliberate push to open the institution to outside voices. Among the…
Rackspace Technology (RXT), an AI infrastructure solutions provider, saw its shares tumble approximately 4% in premarket trading Thursday following a significant downward revision to its full-year 2026 financial outlook. The company cited supply constraints and resource prioritization as factors likely to weigh on near-term growth, rattling investor confidence ahead of the market open. Rackspace now…
Taco Bell has temporarily removed several fresh produce items from menus at select locations as health officials investigate a nationwide cyclospora outbreak. The chain has posted notices at affected stores informing customers that lettuce, pico de gallo, guacamole, cilantro, and onions are currently unavailable. Nearly 1,500 people across the country have been sickened in connection…
After 25 years of self-funding, Jeff Bezos is finally opening Blue Origin to outside investors in a landmark capital raise. According to a TBPN discussion featuring John Coogan, Blue Origin is raising $10 billion at a reported $130 billion valuation, marking the company’s first external fundraising round. The scoop on the deal, Coogan noted, originated…