US Politics & Business News
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President Donald Trump stepped back from imposing sweeping 50% tariffs on Canadian goods, announcing a three-day pause hours before the duties were set to take effect. Trump posted on Truth Social late Tuesday that he had halted the tariffs based on progress toward a formal agreement with Canada, writing that the two countries “have a…
Cerebras Systems (CBRS) launched one of the most anticipated technology IPOs in years, opening on Nasdaq at $350, nearly double its IPO price. The debut was celebrated as the largest US technology IPO since Uber, backed by $24.6 billion in contracted revenue and partnerships with OpenAI and AWS. Six weeks later, shares had collapsed to…
Space stocks are retreating sharply Tuesday afternoon, dragged lower by a broad rotation out of AI hardware and rising long-duration Treasury yields. SpaceX (NASDAQ: SPCX) is down 2% to $143, while Rocket Lab (NASDAQ: RKLB) has fallen 3% to $80 in the final trading hour. AST SpaceMobile (NASDAQ: ASTS) leads the group lower, declining roughly…
The U.S.-China technology race is intensifying into a sweeping contest over artificial intelligence, quantum computing, semiconductors, critical minerals, and strategic supply chains. Washington is preparing to urge countries participating in U.S.-led AI cooperation to choose between competing American and Chinese technology ecosystems, according to a Reuters report from August 14. The effort builds on Pax…
These three stocks have outpaced the broader market over the past five years by combining strong revenue growth, expanding margins, and rising returns on capital. The best-performing stocks typically sustain a trifecta of robust sales growth, increasing margins, and rising returns on capital over many years. Raytheon (NYSE: RTX) has delivered a five-year return of…
Meta Platforms (META) is heading to federal court to defend against allegations from 29 states that it deliberately designed Facebook and Instagram to addict children. The trial arrives less than two weeks after Meta lost a nearly $1 billion judgment in a similar case brought by the state of New Mexico, sending a clear signal…
RTX is currently trading at $222.00 per share, delivering an 8.4% return over the last six months while the broader S&P 500 gained 13.1% over the same period. Originally focused on refrigeration technology, Raytheon provides a wide range of products and services to the aerospace and defense industries, operating under the ticker RTX. The stock…
Bank of America analyst Vivek Arya has named Nvidia (NVDA) his top sector pick ahead of the chipmaker’s upcoming fiscal second quarter results. Arya maintains a Buy rating and a $350 price target on Nvidia, implying more than 55% upside from the $223.96 level at the time of the note. The analyst argues that Nvidia…
Walt Disney Co. (DIS) filed a federal lawsuit Tuesday against the Federal Communications Commission, accusing the agency of waging an illegal “retaliatory campaign” against its ABC network. The suit, filed in U.S. District Court for the District of Columbia, alleges the FCC is violating ABC’s First Amendment rights through what the network calls “pretextual regulatory…
Russia continues to insist its wartime economy is healthy and resilient, even as a senior economist was dismissed after contradicting that official narrative. Andrei Klepach, the former chief economist of Russia’s state-controlled development bank VEB and a former deputy economy minister, was reportedly fired on Sunday following reports of remarks he made earlier this year….