US Politics & Business News
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Mastercard reported another quarter of strong double-digit revenue growth on July 30, as executives argued that agentic artificial intelligence will strengthen rather than undermine card networks. For the quarter ending June 30, Mastercard posted net revenue of $9.3 billion, a 12% increase from the prior year, alongside net income of $4.4 billion, up 19%. CEO…
The U.S. economy expanded at a weaker-than-expected pace in the second quarter, while inflation remained well above the Federal Reserve’s goal, complicating the central bank’s policy outlook. Gross domestic product rose at an annualized rate of just 1.5% for the April-through-June period, according to Bureau of Economic Analysis data adjusted for seasonality and inflation. Economists…
Lloyds Banking Group PLC (NYSE: LYG) reported robust first-half 2026 financial results, delivering a 17.1% return on tangible equity and net income growth of 9% year-on-year. The UK banking giant also announced a 30% increase in its interim dividend, signaling management’s confidence in the group’s capital position and earnings trajectory going forward. Alongside the dividend…
Space stocks edged higher in premarket trading Thursday after Elon Musk publicly reinforced confidence in U.S. Moon and Mars ambitions. The rally followed bullish comments from NASA Administrator Jared Isaacman about SpaceX’s essential role in America’s lunar future, sparking renewed investor interest in the battered sector. SPCX and Rocket Lab (RKLB) each gained 0.1% in…
D-Wave Quantum (QBTS) secured a significant commercial milestone after AT&T expanded its use of the company’s quantum computing technology across multiple network operations workflows. AT&T reported cutting a key network optimization workload from approximately one hour to less than 15 seconds using D-Wave’s annealing-based system, a performance gain that is hard to ignore. The development…
General Dynamics Corporation (GD) reported second-quarter 2026 earnings of $4.24 per share, beating the Zacks Consensus Estimate of $3.95 by 7.3%. The bottom line marked a 13.4% increase from $3.74 per share in the year-ago quarter, driven by higher operating earnings and lower net interest expense. Total revenues of $14.09 billion surpassed the consensus mark…
Qualcomm shares tumbled sharply in after-hours trading after the chipmaker posted fiscal third-quarter results that narrowly missed Wall Street earnings expectations. Qualcomm (QCOM) fell nearly 8% after hours on Wednesday, extending a 4.42% decline during the regular session that left shares closing at $155.68. The company reported adjusted earnings per share of $2.21, just under…
SoFi Technologies (SOFI) shares fell more than 9% on Wednesday even as the fintech company reported stronger-than-expected second-quarter earnings and lifted its full-year revenue outlook. The company generated revenue of $1.22 billion for the quarter ended June 30, a 42% increase from a year earlier and well ahead of analyst expectations of $1.13 billion. Adjusted…
Ford Motor Company (F) raised its full-year earnings forecast after beating Wall Street’s second-quarter expectations, fueled by strong demand for its high-margin trucks and SUVs. The automaker posted adjusted earnings per share of 42 cents against analyst expectations of 35 cents, a notable beat that reinforced confidence in its product strategy. Automotive revenue came in…
Space stocks sold off sharply this week even as the FAA unveiled a sweeping proposal to strip away environmental red tape for rocket launches. The Federal Aviation Administration proposed waiving requirements under 13 federal environmental laws for qualifying launch and reentry licenses, a move the Department of Transportation framed as a major step toward accelerating…