US Politics & Business News
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Copper prices have surged to record levels, drawing fresh attention to the metal’s long-term trajectory and what it means for miners and investors alike. A chief executive of a listed copper company has weighed in on the sector’s outlook, pointing to a durable structural case for elevated prices over the long run. The global push…
The Trump administration has created a Transportation Department task force aimed at dramatically accelerating commercial space activity, targeting 10,000 FAA-licensed launches and reentries per year by 2035. Transportation Secretary Sean Duffy announced the Space Policy Administration, Coordination, and Execution, or SPACE, Task Force on Wednesday, with the body set to coordinate policy across the Department…
Both D-Wave Quantum Inc. (NASDAQ: QBTS) and Rigetti Computing Inc. (NASDAQ: RGTI) surged in premarket trading after securing landmark federal investment agreements. D-Wave shares climbed 5.73% premarket while Rigetti jumped 6.78% following the announcement of definitive agreements with the U.S. Department of Commerce. The deals were executed under the authority of the CHIPS and Science…
GE Aerospace (GE) shares trade at $337, putting the stock at 39 times trailing earnings, a valuation that demands a compelling underlying story to justify the price. The bullish case here is not about the earnings multiple at all — it centers entirely on cash generation and how fast that cash is arriving. Management has…
Hunter Biden’s $LAPTOP memecoin suffered a dramatic collapse, losing approximately 95% of its peak value within hours of launching on Coinbase’s Base blockchain. The token initially surged from roughly $37 per coin to more than $222 before crashing to around $1.80, wiping out the gains of countless buyers who entered near the top. According to…
Last year, Trump promoted a $2,000 tariff dividend for Americans that never resulted in actual payments being sent to households. Now the president is raising the stakes significantly, promising $5,000 checks to every adult American citizen after the midterms. Trump said: “If the Republicans win the House of Representatives and the United States Senate, both…
AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…
Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…
GE Aerospace (GE) has signed an agreement to acquire Consolidated Precision Products, known as CPP, from private investment firms Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $11.75 billion in total, structured using $7 billion in cash with debt covering the remaining consideration. CPP, headquartered in Cleveland, Ohio, specializes in producing precision-engineered…
Diageo’s Crown Royal whisky brand appears positioned to sidestep a sweeping U.S. import ban on Canadian alcoholic beverages, thanks to its American bottling operations. President Trump signed an executive order banning the import of wine, spirits, and beer from Canada into the U.S., taking effect September 29, deepening an already bitter trade dispute. The ban…