US Politics & Business News
Read the latest business news today at Congress.net
Planet Labs (NYSE: PL) stock jumped 10% to $20.10 in early Friday trading after the Earth-observation company delivered a record second-quarter revenue beat. The reversal is striking because PL shares had fallen 8% to $18.35 on Thursday ahead of the earnings report, extending a pre-announcement selloff. Planet Labs stock had gained 185% over the prior…
GE Aerospace (GE) shares are trading around $329.50, roughly 14% below the $381.22 high the stock reached within the past year. Most of that decline is recent, with the stock falling 12.7% over just the past month despite the company’s strong operational outlook. The retreat is puzzling on its face, because in July GE Aerospace…
The Netherlands and France have both moved significant gold reserves away from the Federal Reserve Bank of New York in recent months, raising fresh questions about U.S. safe-haven status. De Nederlandsche Bank completed a months-long relocation, withdrawing more than 78 tons of gold from the New York Fed and 7 tons from Ottawa, Canada, transferring…
A couple in their early 70s is facing a significant financial and personal decision about whether to relocate to Southern California to be near their adult children. The pair currently lives in a relatively low-cost, lower-tax Northwest state, where their expenses and overall financial obligations remain manageable on a retirement income. Both of their children…
AST SpaceMobile (NASDAQ: ASTS) director Adriana Cisneros purchased 10,822 shares across three related accounts on August 31, signaling notable confidence in the embattled satellite company. The open-market purchases cost approximately $619,200 at an average price near $57.22 per share, representing a meaningful financial commitment from a board-level insider. Cisneros’s aggregate indirect ownership rose to 797,023…
While American investors pour retirement savings into freshly public SpaceX (NASDAQ: SPCX), a far quieter deal may be reshaping the global satellite industry from Tokyo. Japan’s Ministry of Internal Affairs and Communications has preliminarily selected the Rakuten and AST SpaceMobile joint venture for its J-LEO initiative, worth up to approximately $1 billion in non-dilutive, non-debt…
China has restricted 12 critical minerals from US access, striking directly at the heart of next-generation directed-energy weapons programs. Bloomberg Intelligence defense analyst Wayne Sanders explained that older laser weapons “were the size of buildings” because of the enormous power demands they required. The directed-energy trade rests on shrinking that massive footprint down to something…
Loneliness among older adults has become a quiet crisis, and scammers have learned to exploit it with devastating financial and emotional consequences. A letter published in MarketWatch’s Moneyist column asks a blunt and painful question: why is it mainly scammers who want to communicate with older people, while relatives and acquaintances rarely stay in touch?…
Despite securing a new European defense contract and a fresh analyst Buy rating, Planet Labs PBC (NYSE: PL) stock sank sharply on Thursday while the broader market advanced. Shares of Planet Labs fell 8% to $18.48 during the session, a notable divergence from the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), which rose 0.6% to…
Naval modernization spending is creating significant tailwinds for defense contractors GE Aerospace and RTX, even as their stock prices have recently retreated. The U.S. Navy has been awarding modernization contracts that directly benefit both GE Aerospace and RTX, positioning them favorably within the broader defense sector. Despite the positive contract momentum, shares of both GE…