Business News - Page 39 of 208

RTX’s Collins Aerospace Builds Defense Communications Edge With Survivable Connectivity Systems

Thomas ShelterSeptember 17, 202603 mins

RTX Corporation (RTX) is expanding its defense communications capabilities to address the growing demand for resilient connectivity in challenging military operating environments. Through its subsidiary Collins Aerospace, RTX is developing communication systems designed to support military missions across multiple frequency bands, strengthening its foothold in advanced defense communications. In 2025, Collins Aerospace was awarded a…

Tom Lee Says “Face-Ripping” S&P 500 Rally Is Coming, Just Running Behind Schedule

Anthony SinclairSeptember 17, 202603 mins

Fundstrat Global Advisors head of research Tom Lee remains convinced that a powerful stock market rebound is on the horizon, despite a string of recent losses. The S&P 500 has recorded four consecutive losing sessions and currently sits about 2.7% below its most recent all-time high, rattling investor confidence heading into the fall. Lee has…

Bank Of England Expected To Hold Rates As UK Inflation Climbs Above 3%

Thomas ShelterSeptember 17, 202604 mins

The Bank of England is widely expected to leave its 3.75% Bank Rate unchanged on Thursday, even as inflation climbs well beyond its 2% target. Markets are pricing in more than an 80% chance that the central bank holds steady at Thursday’s meeting, according to LSEG data, signaling a notable split from global peers. A…

AST SpaceMobile (ASTS) Climbs Overnight As Retail Backs Long Game Despite BlueBird Delays And Executive Share Sales

Thomas ShelterSeptember 16, 202605 mins

Shares of AST SpaceMobile (ASTS) rose more than 1% overnight Wednesday, closing at $59.27, even as investors searched for clarity on the next BlueBird satellite launch. Despite the overnight gain, ASTS remains down roughly 1% for the week, reflecting lingering uncertainty around the company’s satellite deployment schedule. Retail investors on Stocktwits largely held firm in…

D-Wave Quantum (QBTS) Brings Qubits Asia 2026 Conference To Seoul To Showcase Real-World Quantum Applications

Anthony SinclairSeptember 16, 202604 mins

D-Wave Quantum Inc. (NASDAQ: QBTS) has announced it will host Qubits Asia 2026: Quantum Realized, a full-day quantum computing user conference on October 28, 2026, in Seoul. The company describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, software, and services to enterprise customers. The event will spotlight production…

Defense Contractors Post Strong Q2 Results As RTX (NYSE:RTX) Beats Estimates By Nearly 8%

Thomas ShelterSeptember 16, 202605 mins

The second quarter earnings season for defense contractors has wrapped up, revealing a broadly strong performance across the sector with a few notable exceptions. RTX (NYSE:RTX), the aerospace and defense giant formerly focused on refrigeration technology, posted revenues of $24.71 billion, up 14.5% year on year, beating analyst expectations by 7.8%. The company also delivered…

Homeowners With Paid-Off Rental Properties Weigh The Risks Of Tapping Equity Through A HELOC

Anthony SinclairSeptember 16, 202604 mins

For property owners sitting on significant home equity, a home equity line of credit can seem like an attractive way to access needed cash. A HELOC allows homeowners to borrow against the equity in a property, typically up to a set credit limit, repaying only what they use. When a rental property is fully paid…

Diesel Hits $6.31 Per Gallon All-Time High As Transport Giants (JBHT) Sound Economy Alarm

Thomas ShelterSeptember 16, 202605 mins

Diesel fuel prices have surged to record highs, rattling transportation companies that form the backbone of the American economy. Prices for diesel, used to power trucks and trains, reached an all-time high of approximately $6.31 per gallon on Wednesday, according to AAA data. The spike represents a more than 70% increase from a year ago,…

SpaceX (SPCX) Surges 5% As Starship Sets Date For Historic First Orbital Attempt

Thomas ShelterSeptember 16, 202604 mins

SpaceX (NASDAQ: SPCX) shares are climbing sharply Wednesday morning after the company confirmed a firm date for Starship’s most consequential test flight to date. Barron’s reported that SpaceX plans to launch Starship again on September 22, targeting the vehicle’s first attempt to place its upper stage into stable Earth orbit. SpaceX stock is trading at…

IBM (IBM) Lands $1 Billion Commerce Department Contract To Establish First Standalone U.S. Quantum Chip Foundry

Anthony SinclairSeptember 16, 202603 mins

International Business Machines (IBM) has secured a landmark $1 billion government contract to construct the first standalone quantum chip foundry on U.S. soil. The agreement comes through the Commerce Department, marking a significant federal commitment to advancing domestic quantum computing infrastructure. The facility, named Anderon, represents a new chapter in American quantum technology development and…