US Politics & Business News
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India’s central bank raised its benchmark interest rate by 25 basis points on Wednesday, joining a wave of global tightening to combat mounting inflation pressures. The Reserve Bank of India lifted its key repo rate to 5.50%, reaching a one-year high in a move that aligned precisely with expectations from economists polled by Reuters. RBI…
Berenberg analyst Michael Filatov is making the case that SpaceX’s (SPCX) growing mobile ambitions could unexpectedly strengthen AST SpaceMobile’s (ASTS) position in the market. Filatov maintained a ‘Buy’ rating on ASTS following Grain Management’s agreement to sell its nationwide spectrum portfolio to SpaceX, subject to Federal Communications Commission approval. The deal involves up to 14…
Quantum computing may represent one of the most transformative technology shifts of the century, but that promise has not yet translated into investment confidence. McKinsey forecasts the quantum technology market could grow to be worth as much as $100 billion by 2035, making it a sector that investors simply cannot ignore. IonQ (IONQ), Rigetti Computing…
Major defense contractors locked in multibillion-dollar missile agreements this week, reflecting intensified U.S. efforts to rebuild weapons stockpiles strained by ongoing conflict in the Middle East. Boeing (BA) received a seven-year contract worth approximately $14.7 billion from Lockheed Martin (LMT) to increase production of seekers for PAC-3 Missile Segment Enhancement interceptors. These guidance components allow…
Global AI investment is poised to match or exceed the historic sums that built railroads, power grids, and telecommunications networks, the IMF’s top official said Wednesday. International Monetary Fund Managing Director Kristalina Georgieva delivered the warning at an event in Singapore, speaking ahead of upcoming IMF and World Bank annual meetings. Georgieva said artificial intelligence…
AST SpaceMobile (ASTS) closed at $50.97 on October 9, 2026, sliding 10.48% as investors reacted sharply to a competitive spectrum move by SpaceX. Trading volume surged to 53.8 million shares, roughly 318% above the stock’s three-month average of 12.9 million shares, signaling intense investor anxiety around the development. SpaceX announced plans to acquire up to…
AI infrastructure spending and growing commercial interest in quantum computing are creating significant opportunities for investors as third-quarter earnings season gets underway. AI companies continue to benefit from heavy spending on data-center and computing infrastructure, while quantum computing gained further commercial traction and government support during Q3. The two sectors remain worth watching even as…
A family financial dispute has surfaced publicly, raising urgent questions about elder financial vulnerability and the risks of pooling generational wealth into real estate. A reader submitted a dilemma involving a brother-in-law who persuaded his own parents to sign over their home and life savings to fund a shared property purchase valued at $3 million….
Treasury Secretary Scott Bessent has appointed Judy Shelton, whose nomination to the Federal Reserve was blocked by the Senate, as a counselor to the department. Shelton will advise Bessent on currency policy, “with a particular focus on evaluating financial conditions in China,” according to a Treasury statement. The appointment is notable given that Shelton is…
AST SpaceMobile (ASTS) presents investors with a striking valuation paradox, trading at 147.7 times sales while shares remain 57.2% below their 52-week high. The company has posted a net loss of approximately $0.6 billion over the last twelve months, yet buyers continue to price in enormous future potential. For comparison, the S&P 500 trades at…