US Politics & Business News
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India’s consumer price inflation climbed to 4.38% in June, rising from 3.93% in May, marking the eighth consecutive month of acceleration. The figure came in above economists’ expectations of a 4.30% increase, according to a Reuters poll of analysts. The U.S.-Iran war and a weakening monsoon season have combined to push food and fuel prices…
Brent crude and West Texas Intermediate futures surged sharply in Asian trade after Iran declared the Strait of Hormuz closed to commercial shipping. Brent Oil Futures expiring in September rose 4.8% to $79.65 per barrel, while West Texas Intermediate crude futures climbed 5% to $74.98 per barrel. The dramatic price moves followed Tehran’s announcement that…
New Zealand has approved a gateway license for Two Degrees Networks, adding ground infrastructure to AST SpaceMobile’s (ASTS) growing satellite network. Shares of AST SpaceMobile fell 3% overnight heading into Monday, extending a rough stretch for the stock despite the regulatory milestone. ASTS logged a 14% decline last week, marking its worst weekly performance in…
The Tema Space Innovators ETF (NASA) is retreating toward its launch-day lows as SpaceX (SPCX) loses momentum from its blockbuster public debut earlier this year. Fresh institutional filings show Tema ETFs added a combined 5.73 million shares across AST SpaceMobile (ASTS), Rocket Lab (RKLB) and Intuitive Machines (LUNR) during the quarter ended June 30. The…
Renewed hostilities between the United States and Iran sent oil prices sharply higher while stock futures retreated on fears of fresh disruption to global energy markets. Brent crude, the main international benchmark, rose more than 3 percent, reversing a slide that had returned prices to pre-conflict levels before tensions flared again. Brent futures for September…
Building wealth and achieving financial independence is not a pursuit reserved exclusively for the already wealthy or high-income earners. Millions of Americans across income levels are finding ways to take meaningful control of their finances through disciplined habits and strategic planning. The concept of financial independence centers on having enough saved and invested to cover…
The S&P 500 has climbed 10.2% year to date, closing at 7,543.64, with a 20.1% gain recorded over the past year. Morgan Stanley analysts argue that artificial intelligence spending has become one of the stock market’s most critical supports, surpassing energy concerns in importance. The bank projects AI investment will jump from nearly $800 billion…
Wall Street’s biggest earnings day of the quarter arrives July 14, when five of the largest U.S. banks report results simultaneously before the market open. JPMorgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) will collectively set the tone for the entire Q2 2026 earnings season. Their combined…
Wall Street is witnessing an unusual shift in how analysts are revising their earnings estimates heading into the second quarter of 2026 earnings season. In a typical quarter, analysts lower their earnings estimates as the period progresses, reflecting the gap between initial optimism and corporate reality on the ground. This time, however, the opposite has…
AST SpaceMobile (ASTS) is pushing aggressively to expand its constellation of BlueBird satellites, with several already operating in orbit after a recent launch. The company successfully launched BlueBirds 8, 9, and 10 in June 2026, marking a meaningful step forward in its broader ambition to deliver space-based cellular broadband globally. AST SpaceMobile is now targeting…