US Politics & Business News
AST SpaceMobile, Inc. (ASTS) shares climbed nearly 1% overnight Sunday as retail investors linked a quiet T-Mobile website change to a broader satellite industry shakeup. ASTS stock had risen 2% on Friday to close at $58.45, but still ended the week down 5%, extending a four-week losing streak and marking its worst weekly performance in…
BAE Systems plc (BAESY) has won a $230.1 million contract modification to produce Amphibious Combat Vehicles for the U.S. military. The award was issued by the Marine Corps Systems Command, based in Quantico, Virginia, marking another significant defense procurement milestone. Under the contract terms, BAE Systems will procure 32 full-rate production ACV recovery mission role…
Howmet Aerospace (HWM) has emerged as one of the standout performers in the Aerospace sector through the first months of 2026. The company is one of 81 stocks tracked within the Aerospace group, which currently ranks second among the 16 sectors measured by the Zacks Sector Rank. That ranking is based on the average Zacks…
RTX Corporation (NYSE:RTX) closed at $184.68 on October 2, 2026, reflecting a 9.41% gain over the prior twelve months. The defense and aerospace giant is operating from a position of genuine business strength, with rising global defense budgets and deep demand for its engines and missile systems across two continents. Revenue grew 14.50% in the…
AST SpaceMobile (ASTS) has come under legal fire as two prominent law firms launch securities class action lawsuits, sending shares down 5.4% in recent trading sessions. Law firms Schall, Brown & Schwartz LLP and Rosen Law Firm announced the securities class action lawsuits against AST SpaceMobile, alleging the company made misleading statements about its capital…
Both RTX and General Dynamics have pulled back sharply in recent weeks, even as Pentagon spending projections reached historic levels. RTX is down 8.02% over the past month, while General Dynamics has fallen 9.33% during the same period, creating a fresh entry point for investors evaluating both names. The Pentagon’s FY2027 budget request calls for…
Markets steadied heading into the first Friday of Q4 2026, with futures trading higher after a volatile Thursday session across major U.S. indices. Stocks endured a wild ride Thursday, swinging between positive and negative territory through the morning before ultimately finishing the day in the green. The small-cap Russell 2000 led the major indices, closing…
U.S. defense stocks grabbed headlines this week as Washington pushed aggressively to rebuild missile stockpiles, expand production, and modernize the military with artificial intelligence. Defense Secretary Pete Hegseth announced the creation of an Autonomous Warfare Command, known as AutoWarCom, to speed up the military’s adoption of drones, robotics, and AI systems. “The pace of war…
KeyBanc upgraded Airbnb (ABNB) to Overweight from Sector Weight, assigning a $191 price target as analysts grow more confident in the company’s long-term trajectory. The firm told investors that Airbnb’s core growth “appears to be increasingly durable and product-led” while its hotels bookings business is emerging as a “credible second growth engine.” Daiwa upgraded Hewlett…
U.S. stock futures were mixed early Thursday as Micron Technology (MU) delivered blowout fiscal fourth-quarter results, reigniting enthusiasm around the AI and semiconductor trade. Nasdaq futures climbed 0.6% as of 4:00 a.m. ET, while S&P 500 futures were flat and Dow and Russell 2000 futures each dipped 0.4%. Micron (MU) posted record fiscal Q4 results…