US Politics & Business News
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The International Monetary Fund has lifted its global growth forecast for 2026, crediting AI-driven investment with helping offset the economic damage caused by the ongoing Middle East war. The IMF now projects the global economy will expand at 3.1% in 2026, up from the 3% estimate issued in July, though still well below last year’s…
Global bond markets are facing a dangerous combination of rising inflation, record debt levels, and surging AI-related borrowing, the International Monetary Fund warned Tuesday. The IMF released its latest Global Financial Stability Report as part of the annual IMF-World Bank meetings in Bangkok, Thailand, where more than 18,000 delegates gathered this week. Government bond yields…
In 2026, the commercial space sector continues attracting investor attention, with AST SpaceMobile (ASTS) and Firefly Aerospace (FLY) emerging as two of its most compelling — and volatile — plays. AST SpaceMobile trades at $51.46 with a market cap of $15 billion and a 52-week range of $47.57 to $133.86, reflecting significant price volatility over…
D-Wave Quantum (QBTS) reported second-quarter 2026 revenue of $3.1 million, a figure essentially unchanged from the same period a year earlier. That stagnation is striking given the company carries a $5.4 billion valuation, a price that clearly anticipates rapid and sustained growth ahead. Beneath the flat headline number, however, cloud subscriptions and professional services both…
Raytheon, a business unit of RTX (NYSE: RTX), has successfully completed three developmental tests of its new Coyote Block 2C+RM interceptor upgrades, marking a major milestone in counter-drone technology. The program advanced from concept to testing in just 15 months, reflecting an accelerated push to meet urgent U.S. military requirements against evolving drone threats on…
A family dispute over a valuable property has raised questions about inheritance, caregiving, and what one sibling truly deserves when another moves in. The situation centers on an elderly widowed mother, 78, who owns her home outright, with the property valued at $925,000. Beyond the real estate, the mother also holds $480,000 in investments, making…
AT&T (T) shares fell sharply after Oppenheimer downgraded the telecom giant, warning that SpaceX’s growing ambitions pose a lasting threat to its business. Oppenheimer analyst Timothy Horan cut his rating on AT&T to Perform from Outperform, also lowering his price target on the stock amid rising competitive concerns. Horan said the long-term outlook for AT&T’s…
Robert E. Hall and Michael Woodford have been awarded the Nobel memorial prize in economics for work that underpins models used by central banks and governments to smooth out periods of boom and bust. The U.S.-born pair were jointly recognized for their contribution to the “microeconomic foundations” needed to create macroeconomic stability, according to the…
AST SpaceMobile (ASTS) closed at $50.97 on October 9, marking a 62% decline from its May 28 peak as investor sentiment soured sharply. Deutsche Bank analyst Bryan Kraft upgraded ASTS from Hold to Buy on October 12, maintaining his $93 price target representing 82% upside from that close. Kraft had previously turned cautious on the…
IonQ (NYSE: IONQ) shares fell sharply to $36.19, sinking 9% in morning trading after the quantum computing firm unveiled a major all-stock cybersecurity acquisition. The deal, which values privately held Zero Trust enterprise security company Elisity at up to $1.3 billion, will be paid entirely in IonQ stock, triggering immediate dilution concerns among existing shareholders….