US Politics & Business News
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Raytheon, a business unit of RTX (NYSE: RTX), has been awarded a contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the U.S. Navy. The deal spans five years with two additional option years, making it one of the largest munitions contracts awarded to a single defense contractor in recent memory. The…
While high interest rates have drawn widespread criticism for squeezing borrowers and cooling the housing market, they carry a significant and often overlooked benefit for retirees. Elevated rates have dramatically improved the economics of guaranteed retirement income products, particularly annuities, which become cheaper and more generous when rates rise. When interest rates climb, insurance companies…
Buyers have stepped back into the Treasury market, pushing bond yields lower after a period of elevated pressure on fixed-income securities. The retreat in yields signals renewed demand for government debt, offering some relief to investors who have been navigating a volatile interest rate environment in recent months. Treasury yields and bond prices move in…
John Healey has summoned the bosses of Britain’s biggest banks to a pre-budget meeting amid intense industry fears of an imminent tax raid. Sky News reported that chief executives from Barclays, HSBC, Lloyds Banking Group (LLOY), and NatWest Group have been asked to attend a meeting with the chancellor next Tuesday. The bosses of Santander…
Rocket Lab (NASDAQ: RKLB) jumped 5% to $72.88 in morning trading after landing its largest-ever Electron launch contract alongside a fresh Wall Street initiation. The deal, struck with Tokyo-based Earth observation company Synspective, covers 20 new Electron missions in a multi-year agreement that sets a commercial record for the launch vehicle. The Synspective agreement makes…
D-Wave Quantum Inc. (NASDAQ: QBTS) has launched a gate-model quantum computing simulator beta program, marking a significant milestone in the company’s gate-model development roadmap. The Palo Alto-based company describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, software, and services to commercial and research customers. The beta program gives…
Raytheon, a unit of RTX (NYSE: RTX), has landed a multi-year AMRAAM missile production contract worth up to $20.7 billion from the federal government. The agreement is tied directly to the Department of War’s Arsenal of Freedom initiative, which is designed to accelerate delivery of advanced air-to-air missile systems. The multi-year award is structured to…
Goldman Sachs has added five companies to its Director’s Cut Conviction List as part of its latest update, signaling strong confidence in each addition’s market potential. The five newly added stocks are Amazon (AMZN), Burlington Stores (BURL), Huntington Ingalls (HII), Johnson Controls (JCI), and Occidental Petroleum (OXY), spanning a broad range of sectors. At the…
After selling TOMS Shoes for $400 million, Blake Mycoskie built one of the most recognizable consumer brands in modern history and gave away 100 million pairs of shoes to children in need. At what should have been the peak of his success, Mycoskie instead found himself feeling utterly empty, stripped of the purpose and community…
AST SpaceMobile (ASTS) climbed over 1% overnight heading into Thursday after the company shipped three BlueBird satellites to Cape Canaveral and disclosed a key regulatory meeting. CEO Abel Avellan met with FCC Chairman Brendan Carr on Monday to push for expanded direct-to-device spectrum access, including the lower 6 GHz band. ASTS had fallen nearly 1%…