US Politics & Business News
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SpaceX CEO Elon Musk used a company town hall, posted to X, to dramatically expand the public vision for what Starlink is meant to become. “Almost 11,000 satellites in orbit. That’s almost twice as many satellites as everyone else combined. And with Starlink V3 and beyond, we’ll go to 100,000 satellites,” Musk said at the…
The Pentagon is pressing U.S. defense contractors to dramatically accelerate weapons production following severe depletion of critical missile stockpiles. Deputy Defense Secretary Steve Feinberg issued a memo giving major contractors just 21 days to submit plans for “significantly faster, more aggressive delivery schedules and/or increased production for critical capabilities.” The urgency stems from devastating inventory…
China is aggressively expanding its economic footprint across Muslim-majority nations, positioning itself as the dominant industrial partner for a vast and growing consumer base. The strategy reflects Beijing’s broader ambition to diversify its manufacturing relationships at a time when Western trade tensions continue to reshape global supply chains. With a combined Muslim population exceeding 1.8…
Lettuce prices suffered their steepest single-month decline on record in July, as a multistate cyclospora outbreak sent shoppers reaching for anything but the leafy green. Bureau of Labor Statistics data released Wednesday showed lettuce prices tumbled 16.4% from June, the largest one-month drop on record on a seasonally adjusted basis. Lettuce also posted the sharpest…
The U.S. budget deficit surged to its highest monthly level in more than five years in July, driven by soaring Medicare costs and mounting federal debt interest payments. The Treasury Department reported Wednesday that the July shortfall totaled $432.3 billion, a jump of approximately 48% compared to the same month a year ago. That figure…
AST SpaceMobile (ASTS) has attracted significant investor attention as shares trade near the $74 mark, prompting analysts to examine whether the valuation holds up. The company is building a space-based cellular broadband network designed to connect directly to standard mobile phones without specialized hardware. AST SpaceMobile aims to bridge the global connectivity gap by delivering…
Quantinuum (QNT) is on track for a record stock price after delivering a stronger-than-expected first quarterly earnings report as a publicly traded company. Shares of QNT jumped more than 21% following the release, signaling strong investor confidence in the quantum computing firm’s early public market performance. The company topped analyst estimates across key financial metrics,…
L3Harris Technologies (LHX) is leveraging its platform-agnostic business model to expand its footprint across the defense industry in 2026. Unlike competitors tied closely to specific platforms, L3Harris can operate simultaneously as a prime contractor, merchant supplier, or subcontractor across a wide range of defense programs. This structural flexibility enables the company to adapt its offerings…
Nvidia (NVDA), Intel (INTC), and Alphabet (GOOGL) are riding a wave of investor enthusiasm that is beginning to look dangerously familiar to market veterans. Analysts and longtime market observers are drawing direct parallels between today’s AI-driven rally and the infamous dot-com bubble of the late 1990s. The signs of giddy euphoria, as some describe it,…
Consumer prices climbed modestly in July, offering fresh evidence that an earlier surge in inflation may be gradually losing its force. The consumer price index increased a seasonally adjusted 0.1% during July, according to the Bureau of Labor Statistics, placing the annual inflation rate at 3.4%. Excluding food and energy, the so-called core CPI rose…