US Politics & Business News
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SpaceX stock fell on Tuesday, putting an end to a three-day winning streak that had briefly pushed the shares back above their IPO offer price. The pullback came as investors digested a mixed earnings report from AST SpaceMobile, a key competitor in the Direct-to-Cell space broadband market. AST SpaceMobile reported revenue of $31.5 million for…
The Social Security Administration has expanded its Compassionate Allowances list, adding 13 new conditions to speed up disability benefits processing for seriously ill applicants. The updated list now covers 300 serious diseases and conditions that qualify applicants for an expedited review under the agency’s Compassionate Allowances program, known as CAL. People applying for Social Security…
Major health insurers are pulling back from Medicare Advantage, forcing millions of older Americans to find new coverage in an already complicated insurance landscape. Enrollment in Medicare Advantage had grown steadily for years, reaching more than 34 million Americans by 2025, drawn by promises of better benefits at lower costs. Heading into 2026, however, that…
AST SpaceMobile Inc (NASDAQ: ASTS) reported a wider-than-expected adjusted loss and revenue below analyst estimates for the second quarter ended June 30, 2026. The company posted an adjusted loss of $0.77 per share, compared with analyst estimates ranging from a loss of about $0.26 to $0.32 per share. Revenue climbed to $31.5 million from approximately…
RTX Corporation (RTX) has surged 14.1% over the past month, significantly outpacing the Zacks Aerospace-Defense industry’s growth of 8.2% in the same period. The stock also outperformed the broader Zacks Aerospace sector’s 6.6% gain and the S&P 500’s modest 2.9% return over that timeframe. Peers General Dynamics (GD) and Lockheed Martin (LMT) also posted gains,…
Federal Reserve Chair Kevin Warsh has doubled down on the central bank’s commitment to bringing inflation back to its 2% long-term target. Warsh made the pledge despite mounting pressure from rising U.S. debt levels that many analysts believe will make that goal increasingly difficult to achieve. “Let me reiterate: There is no soft inflation target,”…
Infrastructure investing is drawing renewed attention from fund managers who argue traditional assets remain undervalued compared to technology-driven market darlings. While artificial intelligence continues to dominate investor conversations, some portfolio managers are making a disciplined case for physical infrastructure assets with steady, long-term return profiles. Roads, water systems, and telecom towers represent the kind of…
Federal Reserve Chair Kevin Warsh has made a dramatic break from decades of central bank tradition by eliminating forward guidance from official policy communications. The move ends the long-standing practice of signaling where interest rates are likely headed, a tool that defined Fed communication strategy for years under previous leadership. Warsh made his position on…
AST SpaceMobile (NASDAQ: ASTS) shares dropped 2.8% to $66.82 in pre-market trading after the company reported second-quarter 2026 results that disappointed Wall Street on multiple fronts. The satellite communications company disclosed the results on the evening of August 10, triggering an immediate negative reaction that extended into pre-market hours the following morning. Second-quarter revenue came…
U.S. stock futures traded in mixed territory early Tuesday as investors braced for a critical inflation report due Wednesday and geopolitical tensions around the Strait of Hormuz kept pressure on sentiment. As of 4:00 a.m. ET, Nasdaq and Russell 2000 futures rose 0.1%, Dow futures slipped 0.1%, and S&P 500 futures were flat with a…