US Politics & Business News
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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…
Despite skyrocketing travel costs, budget-conscious Americans are finding creative ways to keep vacationing without draining their bank accounts. Jami Hagerman, a 29-year-old hairstylist from Oklahoma City, recently spent about $400 on Groupon (GRPN) mystery vacation vouchers that covered airfare and accommodations for her and her husband, with no say over the destination. The couple was…
Planet Labs PBC (NYSE: PL) delivered record second-quarter revenue of $116 million, marking an approximately 58% increase compared to the same period a year earlier. The strong performance was driven by robust execution across satellite services and surging demand from defense and intelligence customers seeking geospatial data solutions. The company’s ability to capture government and…
Shares of AST SpaceMobile (ASTS) jumped nearly 12% on Wednesday, fueled by a fresh analyst initiation and a notable insider stock purchase. Investment firm Berenberg initiated coverage of AST SpaceMobile with a “Buy” rating and a $92 price target, roughly 65% above Tuesday’s closing price. Berenberg expressed confidence that AST SpaceMobile can build a profitable…
RTX Corporation (NYSE: RTX) is gaining significant momentum as rising geopolitical tensions push governments around the world to expand their defense budgets rapidly. The company’s stock has climbed roughly 9% year-to-date, reflecting growing investor confidence in RTX’s expanding defense backlog and long-term demand outlook. On September 1, the U.S. Department of War awarded RTX’s Raytheon…
Most workers believe maxing out a 401(k) means hitting the standard IRS elective deferral limit, but that assumption leaves significant retirement savings potential on the table. The employee deferral limit for 2026 stands at $24,500, representing the maximum you can contribute from your paycheck as pre-tax or Roth deferrals each year. However, 401(k) plans actually…
The Trump administration is mounting an unusually wide public push to stop the Federal Reserve from raising interest rates at its upcoming September meeting. President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, and senior economic counselor Peter Navarro have all urged the Fed to avoid a rate hike or cut rates outright….