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The artificial intelligence build-out is generating real inflationary pressure across the U.S. economy, creating a serious headache for Federal Reserve Chair Kevin Warsh. Silicon Valley executives including Tesla and SpaceX CEO Elon Musk and OpenAI CEO Sam Altman have loudly promoted AI’s potential to dramatically reduce costs throughout the economy. Altman recently wrote that “intelligence…
The July consumer price index report landed broadly in line with expectations Wednesday, offering modest relief but far from a clean bill of health on inflation. The CPI rose 0.1% for the month, pushing the annual rate to 3.4%, while core readings came in at 0.2% monthly and 2.5% annually, according to the Bureau of…
Rocket Lab (NASDAQ: RKLB) delivered a quarter that fundamentally reframes the investment case for the commercial space company. Revenue hit a record $234.07 million in Q2 FY2026, up 61.99% year over year and narrowly beating the $230.94 million consensus estimate. GAAP EPS of -$0.08 missed expectations, weighed down by $8.58 million in acquisition transaction costs…
SpaceX CEO Elon Musk used a company town hall, posted to X, to dramatically expand the public vision for what Starlink is meant to become. “Almost 11,000 satellites in orbit. That’s almost twice as many satellites as everyone else combined. And with Starlink V3 and beyond, we’ll go to 100,000 satellites,” Musk said at the…
The Pentagon is pressing U.S. defense contractors to dramatically accelerate weapons production following severe depletion of critical missile stockpiles. Deputy Defense Secretary Steve Feinberg issued a memo giving major contractors just 21 days to submit plans for “significantly faster, more aggressive delivery schedules and/or increased production for critical capabilities.” The urgency stems from devastating inventory…
China is aggressively expanding its economic footprint across Muslim-majority nations, positioning itself as the dominant industrial partner for a vast and growing consumer base. The strategy reflects Beijing’s broader ambition to diversify its manufacturing relationships at a time when Western trade tensions continue to reshape global supply chains. With a combined Muslim population exceeding 1.8…
Lettuce prices suffered their steepest single-month decline on record in July, as a multistate cyclospora outbreak sent shoppers reaching for anything but the leafy green. Bureau of Labor Statistics data released Wednesday showed lettuce prices tumbled 16.4% from June, the largest one-month drop on record on a seasonally adjusted basis. Lettuce also posted the sharpest…
The U.S. budget deficit surged to its highest monthly level in more than five years in July, driven by soaring Medicare costs and mounting federal debt interest payments. The Treasury Department reported Wednesday that the July shortfall totaled $432.3 billion, a jump of approximately 48% compared to the same month a year ago. That figure…
AST SpaceMobile (ASTS) has attracted significant investor attention as shares trade near the $74 mark, prompting analysts to examine whether the valuation holds up. The company is building a space-based cellular broadband network designed to connect directly to standard mobile phones without specialized hardware. AST SpaceMobile aims to bridge the global connectivity gap by delivering…
Quantinuum (QNT) is on track for a record stock price after delivering a stronger-than-expected first quarterly earnings report as a publicly traded company. Shares of QNT jumped more than 21% following the release, signaling strong investor confidence in the quantum computing firm’s early public market performance. The company topped analyst estimates across key financial metrics,…