US Politics & Business News
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The largest U.S. banks are set to kick off earnings season, offering investors their first clear look at how rising Treasury yields are hitting the broader economy. Analysts expect earnings at the biggest U.S. banks to rise by as much as 20% from a year earlier, though the backdrop remains complicated by surging long-term borrowing…
The bull market is officially four years old, but a persistent rise in bond yields is raising serious questions about how much longer the rally can last. Investors have ridden a remarkable wave of gains since the market bottomed out, with equities climbing steadily through economic uncertainty, geopolitical turbulence, and repeated calls for a recession…
AST SpaceMobile (ASTS) has successfully launched 13 BlueBird satellites to date, building out its low Earth orbit constellation with growing commercial ambitions. The company’s satellites are significantly larger than SpaceX’s Starlink satellites and are designed to extend cellular coverage into remote regions beyond the reach of traditional terrestrial towers. Telecom giants AT&T (T) and Verizon…
Stocks held their ground heading into earnings season despite persistent pressure from elevated Treasury yields and ongoing oil-price volatility across global markets. AI-related stocks continued to support broader investor sentiment, though upcoming corporate earnings reports could determine whether the current rally extends through the end of the year. With less than a month remaining before…
RTX has won a $6 billion contract from the Pentagon to produce interceptor missiles, a major award that signals continued strong demand for advanced defense systems. Shares of RTX climbed approximately 1% on Friday following the announcement, reflecting investor confidence in the company’s expanding defense portfolio. The contract represents one of the largest single missile-related…
Millions of older Americans will face a narrower set of healthcare choices when Medicare’s open-enrollment period begins October 15 and runs through December 7. The average Medicare beneficiary can now choose from among 35 plans for 2027, down from 39 plans available in 2026, according to healthcare policy and research firm KFF. At least 3.8…
Investors are closely watching third-quarter corporate earnings as a defining moment for whether the stock market rally can sustain itself going forward. High hopes for earnings results have so far been enough to outweigh mounting concerns around elevated interest rates and rising oil prices in recent months. The stock market has leaned heavily on strong…
AST SpaceMobile (NASDAQ: ASTS) shares dropped sharply Friday morning after SpaceX locked up a nationwide low-band spectrum portfolio the satellite company had been pursuing. SpaceX agreed to acquire the entire low-band spectrum portfolio from Grain Management, a privately held spectrum owner, in a deal that still requires regulatory approval with terms left undisclosed. The transaction…
Shares of satellite-based wireless company AST SpaceMobile (ASTS) dropped 14.6% on Friday, as investors digested a significant competitive blow from Elon Musk’s Space Exploration Technologies (SPCX). SpaceX announced after market close Thursday that it had agreed to purchase up to 14 megahertz of spectrum in the 800 MHz low-band frequency range. According to SpaceX, the…
SpaceX’s push to extend Starlink into direct mobile service has transformed low Earth orbit into a critical layer of digital and economic infrastructure. Companies building rockets, satellites, and ground systems are increasingly viewed as essential connectivity providers rather than speculative ventures. That structural shift is drawing serious investor attention toward space-focused equities with real revenue…