US Politics & Business News
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Billionaire investor Bill Ackman is buying back into Netflix after famously exiting the streaming giant at a steep loss just three months into his original position. Ackman’s Pershing Square Inc. disclosed the new Netflix stake in a semiannual report released Wednesday, revealing it held 3.15 million shares as of June 30, representing 4.9% of its…
Lenovo Group delivered a blockbuster fiscal year, reporting record annual revenue and sharply higher profit driven by surging demand for AI servers, AI-enabled PCs, and enterprise services. The world’s largest PC maker posted revenue of $83.1 billion for the fiscal year ended March 31, representing a 20% increase from the prior year period. Profit attributable…
After a parent dies, many American families face an unexpected and devastating financial threat from the government program that paid for their loved one’s care. Medicaid estate recovery is a federally mandated process that allows states to reclaim the costs of long-term care services from the estates of deceased recipients who were 55 or older….
Goldman Sachs expects the global space economy to reach $1.8 trillion by 2035, triggering fresh interest in publicly traded space sector stocks. SpaceX (SPCX), AST SpaceMobile (ASTS), Rocket Lab (RKLB), and Firefly Aerospace (FLY) all moved higher following the bank’s sweeping new report on Wednesday. On Wednesday, SPCX surged 10%, ASTS climbed 4%, and both…
Rigetti Computing (RGTI) is back in the spotlight after delivering second-quarter 2026 results that showed meaningful revenue growth alongside persistent financial losses. Revenues surged 185% year over year to $5.1 million, driven primarily by on-premises Novera QPU sales to commercial organizations. Management pointed to progress on the 108-qubit Cepheus-1 system, expanding customer engagement, and strategic…
Boeing Company (BA) shares have gained 7.4% year to date, slightly outpacing the Zacks Aerospace-Defense industry’s growth of 7% over the same period. The government’s continued push to strengthen national defense and space systems is widely seen as a meaningful growth catalyst for the aerospace giant moving forward. Peer defense stocks have outperformed Boeing considerably,…
Cisco Systems Inc. reported fourth-quarter fiscal 2026 results Wednesday, delivering record demand figures driven by surging artificial intelligence infrastructure spending. The company described a broad-based “networking supercycle” underway, with hyperscaler AI infrastructure orders reaching $9.3 billion for the full fiscal year 2026. That figure represents a roughly 4.5-fold increase from the prior year, underscoring the…
The artificial intelligence build-out is generating real inflationary pressure across the U.S. economy, creating a serious headache for Federal Reserve Chair Kevin Warsh. Silicon Valley executives including Tesla and SpaceX CEO Elon Musk and OpenAI CEO Sam Altman have loudly promoted AI’s potential to dramatically reduce costs throughout the economy. Altman recently wrote that “intelligence…
The July consumer price index report landed broadly in line with expectations Wednesday, offering modest relief but far from a clean bill of health on inflation. The CPI rose 0.1% for the month, pushing the annual rate to 3.4%, while core readings came in at 0.2% monthly and 2.5% annually, according to the Bureau of…
Rocket Lab (NASDAQ: RKLB) delivered a quarter that fundamentally reframes the investment case for the commercial space company. Revenue hit a record $234.07 million in Q2 FY2026, up 61.99% year over year and narrowly beating the $230.94 million consensus estimate. GAAP EPS of -$0.08 missed expectations, weighed down by $8.58 million in acquisition transaction costs…