US Politics & Business News
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Despite record defense spending and active combat operations, most major defense contractor stocks have struggled to hold ground in recent trading sessions. Shares of 10 major defense contractors tracked by Barron’s were down an average of 17% since fighting started in Iran, a notable decline given the current war footing. Only two companies in the…
Wall Street’s largest hedge funds dramatically increased their exposure to Big Tech during the second quarter, doubling down on artificial intelligence as a generational growth driver. Firms including Bridgewater Associates, Tiger Global Management, and Discovery Capital led the charge back into technology stocks after months of hesitation. Earlier this year, bets on Big Tech had…
Shares of AST SpaceMobile (ASTS) climbed 1% overnight late Thursday after reports surfaced that the company and SpaceX (SPCX) are eyeing a massive low-band spectrum portfolio. Grain Management has asked interested parties to submit preliminary offers by the first week of September for 800 MHz licenses it recently acquired from T-Mobile. Bloomberg reported, citing people…
D-Wave Quantum (NasdaqGS: QBTS) has announced that NTT DOCOMO deployed a second production quantum application powered by D-Wave technology to optimize mobile network efficiency. The new deployment marks a meaningful expansion of real-world quantum computing use within the telecommunications sector, moving the relationship with DOCOMO well beyond initial pilots and proofs of concept. The application…
Honeywell Aerospace (HONA) received a significant vote of confidence from Wall Street on Wednesday as Morgan Stanley upgraded the stock to Buy from Hold. Morgan Stanley analyst Kristine Liwag made the call, signaling that the aerospace company’s recent share price decline has created an attractive entry point for investors. HONA shares have been under notable…
Moderna’s personalized mRNA cancer vaccine has shown success in a late-stage clinical trial, potentially transforming how doctors treat the deadliest form of skin cancer. The vaccine, developed in combination with Merck’s immunotherapy Keytruda, met its primary goals in the Phase 3 INTerpath-001 study involving more than 1,100 patients with higher-risk or advanced melanoma. Patients enrolled…
A growing number of young Americans now view sports betting not as entertainment, but as a legitimate path to building long-term financial wealth. More than a quarter of Gen Z investors say they treat sports betting as a deliberate, ongoing part of their long-term financial strategy, according to a survey by Betterment. Betterment’s 2026 Retail…
President Donald Trump has signed a National Security Presidential Memorandum targeting more than 1,000 U.S. launches and reentries annually by 2030. The directive aims to usher in what the administration calls a “Golden Age of Space Transportation,” with sweeping changes to how launches are permitted and managed. The policy calls for faster permitting and environmental…
IonQ (IONQ) announced in early August 2026 that its Space Division, formerly known as Capella, secured a contract with the U.S. National Reconnaissance Office. The contract supports the NRO’s Radar Commercial Augmentation program, which supplements government satellite capabilities with commercial radar imagery services. At first glance, the deal appears to be a satellite imaging award…
Raytheon, a subsidiary of RTX Corporation (RTX), has secured a seven-year, $22.9 billion contract to accelerate Tomahawk cruise missile production for the U.S. Navy and allied forces. The contract was awarded on August 17, 2026, and establishes a long-term framework designed to significantly increase missile output while reinforcing Raytheon’s standing in the precision-strike market. Under…