US Politics & Business News
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SpaceX reclaimed a $2 trillion valuation this week, driven by growing enthusiasm for its AI platform and orbital computing ambitions. Over the past week, SPCX climbed 6% and ASTS gained 1%, while PL plunged 13%, LUNR fell 9%, RDW dropped 8%, RKLB lost nearly 6%, and FLY declined 5%. Oppenheimer raised its SpaceX price target…
D-Wave Quantum (QBTS) is drawing renewed investor attention as two law firms launch investigations into potential securities issues at the quantum computing company. The investigations follow a second quarter revenue result that fell short of expectations, adding to a growing list of concerns weighing on the stock. The departure of the company’s Chief Financial Officer…
Pratt & Whitney, a business unit of RTX (NYSE: RTX), is investing $25 million to expand its precision parts manufacturing facility in Niepołomice, Poland. The expansion, equivalent to PLN 95 million, is designed to increase production capacity for both commercial and military engine components at the existing site. The expanded facility is expected to become…
At 62, a couple who never attended college is navigating one of the most complex financial challenges modern families face: paying for higher education. The grandparents, who have had custody of their granddaughter since midway through her freshman year of high school, are now confronting college costs with little personal experience to guide them. Their…
The United Nations issued a stark warning Thursday that an intensifying El Niño climate event will persist until February 2027, threatening economies worldwide. UN Secretary General António Guterres declared that El Niño was being “supersized before our eyes,” signaling an escalating crisis with broad economic consequences. “The world is in the danger zone of extreme…
AST SpaceMobile (ASTS) has shed more than half its value from its 52-week high, raising questions about whether the market has moved too aggressively against the company. A stock falling 50% does not automatically make it a compelling opportunity, since a stock that has dropped that far can always fall another 50% from there. What…
AST SpaceMobile (ASTS) shares jumped nearly 10% to $61.22 on Wednesday, marking the stock’s strongest single-day performance in roughly a month. The rally was driven by two catalysts: a bullish initiation from investment firm Berenberg and a fresh share purchase by early investor and board member Adriana Cisnero. According to a regulatory filing, Cisnero purchased…
Snowflake (SNOW) shares rocketed 23.9% in pre-market trading to $379.07, following a fiscal second-quarter 2027 earnings report that crushed analyst expectations across every major metric. Adjusted earnings per share came in at $0.62, well above the $0.45 consensus estimate, signaling that Snowflake’s profitability trajectory is accelerating faster than Wall Street anticipated. Total revenue of $1.55…
The August jobs report, due Friday, is expected to cap off one of the weakest summers for job creation in recent memory. The Bureau of Labor Statistics report is projected to show nonfarm payrolls grew by just 53,000, according to the Dow Jones consensus estimate. Even with that sluggish pace, economists expect the unemployment rate…
Carlyle is expected to shelve plans to sell The Very Group after potential buyers, including JD.com, failed to meet the private equity firm’s £2 billion minimum asking price. The auction process, launched earlier this year, is now unlikely to proceed, leaving Carlyle as the owner of the British online retailer for the foreseeable future, according…