US Politics & Business News
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Seagate Technology Holdings (STX) delivered a powerful quarterly earnings report, with revenue and profit both surpassing Wall Street estimates by a significant margin. Fourth-quarter revenue climbed 48.5% to $3.63 billion, comfortably ahead of the analyst consensus estimate of $3.49 billion for the period. The Singapore-based company posted quarterly earnings of $5.71 per share, beating the…
Three major space sector stocks have collapsed dramatically from their highs, raising serious concerns among investors tracking the industry’s volatile momentum. Planet Labs (PL), Rocket Lab (RKLB), and AST SpaceMobile (ASTS) have all followed a strikingly similar trajectory, surging earlier before reversing course with painful speed. Each of these three companies reached a notable peak…
The AI infrastructure trade faced significant pressure in July as investors questioned whether hyperscalers can maintain high capital spending while delivering attractive returns. Those concerns deepened after Alphabet (GOOGL) raised its 2026 capital expenditure guidance to $195-$205 billion, up from a prior range of $180-$190 billion. Reports that NVIDIA (NVDA) is considering financing guarantees for…
RTX Corporation (NYSE: RTX) lifted its full-year 2026 sales and profit guidance, citing sustained demand for commercial aircraft maintenance and military weapons systems across global markets. The aerospace and defense giant now projects adjusted sales between $95 billion and $96 billion, up sharply from its prior estimate of $92.5 billion to $93.5 billion, beating Wall…
The U.S. Department of Agriculture has announced it will allow cattle imports from Mexico to resume beginning in late August, marking a significant shift in trade policy. The decision comes despite ongoing concerns about the threat posed by the New World screwworm, a parasitic pest that had prompted the initial suspension of imports. The New…
D-Wave Quantum Inc. (NASDAQ: QBTS) shares slipped in Tuesday premarket trading as investors locked in gains following Monday’s nearly 20% rally. The retreat came after D-Wave announced an agreement with AT&T Inc. (NYSE: T) to expand quantum computing across AT&T’s network operations. That deal served as a powerful commercial endorsement for D-Wave, signaling growing enterprise…
SpaceX (NASDAQ: SPCX) shares are down 3% to $109.96, extending a slide that now totals 30% since the June 12 IPO. The broader space sector is selling off sharply in Tuesday’s session, with peers falling even harder despite fresh positive catalysts at the company level. Rocket Lab (NASDAQ: RKLB) stock has dropped 9% to $60.63,…
Young workers often overlook Roth conversions as a retirement strategy, assuming the move only makes sense for older, higher-earning professionals closer to retirement. A Roth conversion involves moving money from a traditional pre-tax retirement account into a Roth IRA, where future growth and qualified withdrawals are tax-free. The core appeal for younger savers is straightforward:…
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…