US Politics & Business News
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Cleveland Federal Reserve President Beth Hammack is renewing her push for higher interest rates, arguing the central bank remains too far from its inflation goal. Speaking from the Fed’s annual symposium in Jackson Hole, Wyoming, Hammack pointed to a report showing inflation running at around 3% on an annualized basis as evidence that action is…
CrowdStrike Holdings (CRWD) shares jumped more than 11% in extended trading after the cybersecurity giant delivered a record-setting fiscal second quarter that surpassed Wall Street expectations on every major metric. Revenue for the quarter ended July 31 climbed 26% year-over-year to $1.47 billion, topping the analyst consensus estimate of $1.44 billion by a comfortable margin….
Rocket Lab raised its offer for Iridium Communications by nearly 30% during negotiations, a significant jump that has drawn scrutiny from satellite communications consultant Tim Farrar. Farrar identified AST SpaceMobile as the most plausible company behind “Party B,” a mystery suitor that entered due diligence but withdrew without submitting a formal offer. The merger filing…
Wall Street is recalibrating its outlook on D-Wave Quantum (QBTS), with the stock’s fair value estimate edging down from US$36.84 to US$35.24. The modest reduction reflects shifting assumptions across revenue growth, profit margins, and valuation multiples that analysts use to frame the quantum computing company’s long-term upside. QBTS shares fell 9.51% as the updated estimates…
D-Wave Quantum missed second-quarter 2026 revenue estimates by a wide margin, yet signs of underlying commercial momentum are giving investors reasons to stay optimistic. The company reported Q2 revenue of $3.1 million, essentially flat year over year and well short of the $4.03 million consensus estimate that analysts had been expecting. Markets responded in a…
Novo Nordisk (NVO) has been downgraded to sell by analysts as its stock continues to suffer one of the steepest declines seen among major pharmaceutical companies in recent years. The Danish drugmaker’s market capitalization has fallen nearly 69% since hitting an all-time high of $635.7 billion in June 2024, wiping out hundreds of billions in…
GE Aerospace (GE) trades at approximately $349.54, with the options market already pricing a wide range of outcomes over the next twelve months. The options market assigns a two-in-three probability that GE stock finishes somewhere between $240 and roughly $503 over the coming year. The ceiling sits about 43.8% above the current price, representing a…
Nvidia has agreed to acquire Hugging Face for $12.9 billion, a move that hands the world’s dominant AI chipmaker control over one of the most vital developer platforms in the industry. The Information first reported the agreement, citing a person familiar with the deal, sending fresh waves through an already turbulent AI landscape. Hugging Face…
AST SpaceMobile, Inc. (ASTS) has shed 47.5% of its value over the past three months as investors weigh rapid constellation progress against mounting execution demands. The core question facing the market is whether that sharp decline opens a recovery window or reflects persistent risks tied to commercialization and satellite deployment. Second-quarter revenues climbed to $31.5…
Despite D-Wave Quantum’s (QBTS) considerable strengths, a rival quantum computing firm is drawing stronger attention from investors and analysts alike. D-Wave brings a compelling profile to the table, including promising technologies, rapidly growing bookings and backlog, U.S. government investment, and an impressive customer roster. Among D-Wave’s major customers are Toyota (TM), Deloitte, Mastercard (MA), and…