US Politics & Business News
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New federal guidelines are opening the door for working parents to reduce their taxable income while building long-term wealth for their children through Trump Accounts. The Treasury Department and IRS have proposed rules allowing employers to contribute up to $2,500 annually to Trump Accounts belonging to employees or their dependent children, tax-free. Employees would also…
Warren Buffett’s Berkshire Hathaway (BRK.B) has agreed to acquire homebuilder Taylor Morrison Home Corporation (TMHC) in an all-cash deal valued at approximately $8.5 billion, including debt. The purchase price of $72.50 per share represents a 24% premium over Taylor Morrison’s closing price on May 29, underscoring Berkshire’s confidence in the housing sector’s long-term prospects. The…
Bank of America believes the recent sell-off in AI infrastructure stocks has gone far enough to justify fresh buying positions across the sector. The bank’s research team published a note on Wednesday screening its trading desk’s AI ecosystem baskets and identifying 16 Buy-rated stocks worth revisiting. The methodology focused on names that had fallen sharply…
AST SpaceMobile (NASDAQ: ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its second-quarter financial results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus estimate, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more focused on deployment progress than on the…
AST SpaceMobile (ASTS) received temporary approval from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum with up to 100 commercially available devices. The FCC granted AST SpaceMobile a 30-day special temporary authority allowing tests of its supplemental coverage from space capabilities across two distinct spectrum bands. Specifically, the authorization covers…
A leading Social Security reform proposal would require high-income workers to pay more in payroll taxes without receiving any corresponding increase in their benefits. The Social Security taxable earnings cap currently sits at $184,500, meaning income above that threshold is not subject to the payroll tax that funds the program. Millionaires effectively stop contributing to…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 10% to around $19 on Friday morning, while Virgin Galactic (NYSE: SPCE) gained 10%, approaching $3.50 per share. The broader space sector largely ignored the rally, with Rocket Lab (NASDAQ: RKLB) up just 1% to $81.25 and AST SpaceMobile (NASDAQ: ASTS) edging up 1% to $72.32. SpaceX (NASDAQ:…
Howmet Aerospace Inc. (HWM) is building serious momentum in 2026, powered by an exceptional performance in its commercial aerospace segment that shows no signs of slowing. Second quarter 2026 revenues from the commercial aerospace market surged 28% year over year, representing 53% of the company’s total revenues during the period. Rising air travel globally has…
The United States is on the verge of a debt milestone no nation in history has ever reached, with the national debt approaching $40 trillion. As of August 11, the Treasury Department’s official tally stood at $39,941,929,832,070.77, leaving just $58 billion remaining before the threshold is crossed. At the recent borrowing pace of roughly $6.5…
Tesla (TSLA) shares are pushing higher this week, but the options market is sending a more measured signal to investors watching the electric vehicle giant closely. Shares of Tesla climbed close to 2% in recent trading, building on an impressive 8% surge recorded the previous Monday as bullish momentum returned to the stock. The gains…