US Politics & Business News
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Raytheon, a business unit of RTX (NYSE: RTX), has secured a $745 million contract from the Missile Defense Agency for the production and sustainment of Standard Missile-3 Block IIA interceptors. The contract is aimed at strengthening both U.S. and allied readiness against increasingly sophisticated ballistic missile threats across multiple regions. Barbara Borgonovi, president of Naval…
When markets are surging, the decision to pull money from a brokerage account to cover personal debt becomes a genuinely difficult financial calculation. A common dilemma facing investors today is whether withdrawing $1,000 from a brokerage account to pay off a car loan makes sound financial sense. The tension between eliminating debt and staying invested…
Nvidia is partnering with six of the world’s largest asset managers to create a $500 billion financing push aimed at reshaping how AI infrastructure is funded globally. The chipmaker signed memorandums of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to establish dedicated financing platforms for Nvidia customers. Executives…
AST SpaceMobile Inc (NASDAQ: ASTS) reported second-quarter 2026 revenue of $31.5 million, more than doubling its first-quarter figure on the back of US government contract milestones and commercial gateway deliveries. The company reiterated its full-year 2026 revenue guidance of $150 million to $200 million, with revenue expected to build sequentially and be weighted toward the…
AST SpaceMobile maintained its ambitious revenue target despite second-quarter results that fell short of Wall Street expectations, sending ASTS shares sharply lower on Monday. Shares of AST SpaceMobile fell more than 4% during regular trading on Monday and extended losses by roughly 4% in after-hours trading before trimming declines to nearly 1% overnight. The company…
GE Aerospace (GE) has climbed 37% over the past year, outpacing both the S&P 500 and the broader industrials sector by a wide margin. The company builds and services engines powering a large portion of the world’s commercial and military aircraft, with a fleet of 80,000 engines currently in service. That installed base functions as…
Rocket Lab Corp (NASDAQ: RKLB) reported second-quarter results that delivered record revenue but fell short of Wall Street’s earnings expectations, sending shares lower in after-hours trading. The space systems and launch services company posted an adjusted loss of $0.08 per share for the quarter ended June 30, missing the analyst consensus estimate of $0.06 per…
Archer Aviation Inc. (NYSE: ACHR) and The Boeing Company (NYSE: BA) have signed definitive agreements for Archer to acquire Boeing’s Wisk Aero, SkyGrid, and Insitu subsidiaries. The deal combines decades of complementary capabilities in autonomy, electric vertical takeoff and landing aircraft, and unmanned aircraft systems into a single aerospace and defense platform. The transaction adds…
GameStop Corp. CEO Ryan Cohen is now weighing whether to pull his company’s $56 billion unsolicited takeover bid for eBay Inc., marking a dramatic shift in one of the year’s most closely watched corporate sagas. According to people familiar with the matter, Cohen is considering replacing the acquisition proposal with a partnership or joint venture…
AST SpaceMobile (NASDAQ: ASTS) reported second quarter 2026 results on August 10, falling short of Wall Street expectations despite significant operational progress in its satellite broadband network buildout. The space-based cellular broadband provider posted revenue of $31.52 million for the quarter, coming in below the analyst consensus estimate of $34.98 million. The company reported an…