US Politics & Business News
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SK Hynix is set to make its long-awaited debut on the Nasdaq, giving U.S. investors direct access to South Korea’s second most valuable company for the first time. The company priced its American depositary receipts at $149 per share, raising $26.5 billion to fund an aggressive expansion into new factories and equipment. Demand for the…
The window to secure a competitive certificate of deposit rate is narrowing, and savers face a genuine decision about where to park their cash. Top U.S. CD yields still reach approximately 4.4% to 4.5% APY as of July 2026, but that figure has been sliding steadily in recent months. The Federal Reserve held its target…
A sharp sector-wide selloff in July has dragged down three of the most closely watched names in the commercial space industry. Rocket Lab (NASDAQ: RKLB), AST SpaceMobile (NASDAQ: ASTS), and Intuitive Machines (NASDAQ: LUNR) have each declined sharply over the past month despite growing contract backlogs and government awards. Investors should treat this group as…
Omnia Training has secured a landmark £2 billion contract from the UK Ministry of Defence to serve as the British Army’s Strategic Training Partner. The contract tasks Omnia Training with delivering the Army’s Collective Training System, known as ACTS, over a 15-year period. Omnia Training is led by Raytheon UK, itself a business unit of…
Delta Air Lines (NYSE: DAL) reported first-quarter adjusted operating revenue of $14.2 billion, a 9.4% increase over the prior year and a record for the March quarter. The strong top-line result came even as the carrier absorbed what it described as the highest quarterly fuel expense in its history, pressuring margins heading into the spring…
A veteran Jefferies strategist is urging investors to consider a rotation into quality, low-stress stocks as concerns mount over AI monetization. Desh Peramunetilleke, Jefferies’ head of quantitative strategy, says markets are grappling with whether technology companies are building excess capacity in artificial intelligence infrastructure. A Jefferies report titled “AI fatigue and rotation” notes that “the…
SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…
Shares of AST SpaceMobile (ASTS) are on track for their worst weekly performance in over a month amid intensifying competition in the satellite-to-cell market. ASTS stock slipped 1% on Thursday to close at $73.88, leaving it down 13% for the week and drawing fresh scrutiny from investors watching the broader satellite sector. FCC Chairman Brendan…
RTX, operating through its Raytheon division, is significantly expanding missile production capacity across Europe to meet growing NATO and allied defense requirements. The company is actively working alongside European partners to qualify new suppliers and strengthen the broader missile supply chain infrastructure. Central to the expansion are plans to double Stinger missile output in partnership…
Meta Platforms (META) is winning back investor confidence after a series of significant artificial intelligence developments this week rattled then reassured Wall Street. Shares of Meta climbed 4.7% on Thursday after the company unveiled Muse Spark 1.1, an agentic coding model the company says is comparable to leading benchmarks from OpenAI and Anthropic. The launch…