US Politics & Business News
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Space Exploration Technologies Corp. (SPCX) defied expectations Thursday, rising 6.14% even as its first major lockup expiration dramatically expanded the number of tradable shares. Up to 911.5 million shares became eligible for sale on Aug. 6, the first significant unlock since the company’s blockbuster IPO on June 12. The IPO initially placed roughly 639 million…
D-Wave Quantum Inc. (QBTS) reported its second-quarter 2026 earnings on August 6, delivering a mixed set of results that highlighted the gap between demand signals and recognized revenue. Quarterly revenue came in at $3.1 million, essentially flat compared to the same period a year earlier, underscoring the company’s ongoing challenge converting bookings into top-line growth….
Raytheon, an RTX Corporation (NYSE: RTX) business, completed installation of the first SPY-6(V)4 radar array at a Navy test site on Wallops Island, Virginia, on August 3. The milestone launches a testing phase that will ultimately determine how quickly the Navy can modernize a fleet of aging destroyers currently in service. The completion arrives at…
Honeywell Aerospace shares collapsed as much as 24% intraday on Thursday, hitting a fresh 52-week low of $150.03 after the company slashed its full-year financial outlook. The stock, which closed Wednesday at $203.64, opened near $155 following an after-hours selloff triggered by a deeply disappointing guidance revision that rattled investors. Trading volume swelled to roughly…
The Bureau of Labor Statistics is set to release its nonfarm payrolls report for July on Friday, with Wall Street forecasting a gain of just 83,000 jobs. Economists expect the unemployment rate to hold steady at 4.2%, following a sluggish June that produced only 57,000 new jobs. Beyond the headline figures, analysts will be scrutinizing…
AppLovin (APP) shares tumbled nearly 20% on Wednesday, putting the stock on pace for its worst single-day performance in more than a year. The mobile advertising technology company posted second-quarter earnings of $3.76 per share on revenue of $1.92 billion, narrowly missing analyst forecasts of $3.77 per share on $1.95 billion in revenue. AppLovin’s business…
SpaceX is opening a major trading window Thursday, with up to 911.5 million shares held by insiders and early investors becoming available to trade. The unlock represents one of the most significant liquidity events in recent memory for a private aerospace and technology company of SpaceX’s scale and profile. Insider and early investor share unlocks…
GE Aerospace’s (GE) Commercial Engines and Services segment is currently the most powerful growth engine within the company’s overall business portfolio. In the second quarter of 2026, revenues from the Commercial Engines and Services segment climbed 27% year over year to reach $9.73 billion. Services growth of 26% drove much of that gain, with internal…
Retirement planning can feel overwhelming when you constantly measure your savings progress against what others have set aside for their futures. Financial experts consistently remind savers that retirement needs vary dramatically from person to person based on lifestyle, health, and expected longevity. The comparison trap is one of the most common mistakes retirement savers make,…
Missouri voters have dealt a decisive blow to a proposed measure that would have eliminated the state’s income tax, a significant moment in ongoing national debates over tax policy. The failed Missouri ballot measure reflects the difficulty of persuading voters to accept sweeping structural changes to state revenue systems, even in politically conservative states. Attention…