US Politics & Business News
Rackspace Technology (RXT) shares plunged roughly 25% Thursday after the company slashed its full-year 2026 revenue outlook and unveiled a $250 million stock offering that rattled investors. The dramatic sell-off came despite Rackspace announcing an expanded AI partnership with Palantir (PLTR), a deal that failed to offset concern over the company’s weakened financial outlook. Rackspace…
AST SpaceMobile (NASDAQ: ASTS) carries a 12-month price target of $91.65, implying roughly 13.66% upside from its current trading price of $80.64. The buy recommendation comes with moderate confidence, set at 50%, reflecting the company’s promise alongside its persistent execution risk. ASTS has already delivered a staggering 542.04% return over five years, making the 10-bagger…
Quantum Computing Inc. (QUBT), known as QCi, is a pure-play quantum computing company with a market capitalization of approximately $2.11 billion. The company is positioned to benefit from accelerating commercial adoption of quantum technologies across a broad range of industries and government applications. The Trump administration issued executive orders on June 22 that mark a…
GE Aerospace (GE) has delivered a powerful run for shareholders, gaining 44% over the past year and trading just 6% below its 52-week high. The stock’s year-to-date return of roughly 15.9% outpaces the S&P 500’s 9.6% gain, placing GE firmly among the market’s strongest large-cap performers in 2026. Trend strength alone does not justify a…
RTX (RTX) closed the most recent trading session at $194.91, recording a decline of 2.96% from the previous day’s closing price. That drop significantly underperformed the S&P 500, which posted a comparatively modest daily loss of just 0.28% during the same session. The Dow Jones Industrial Average fell 1.09% on the day, while the Nasdaq…
Quantum Computing Inc. (QUBT), also known as QCi, is pushing forward with a series of strategic moves aimed at expanding its manufacturing footprint and technology portfolio. The company acquired NHanced Semiconductors, Inc. for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments. The deal also includes the potential for…
RTX’s (NYSE: RTX) Collins Aerospace has officially declared its Engineering Center of Excellence in Wolverhampton, UK, fully operational as of July 9, 2026. The facility is purpose-built to advance the development of electric thrust reverser actuation systems, branded by Collins as elecTRAS, for next-generation commercial aircraft. At the heart of the center is a modular…
Heavy short interest in both Wendy’s (WEN) and AST SpaceMobile (ASTS) has drawn attention from traders who believe the bears are badly miscalculating the upside in each stock. Short squeezes occur when heavily shorted stocks surge, forcing bearish traders to buy shares to cover their positions, which accelerates price gains further. Wendy’s (WEN) has become…
Microsoft (MSFT) has accelerated its Quantum Safe Program, targeting the transition of critical products and services to post-quantum cryptography by 2029. The move signals a rapidly emerging investment theme suggesting quantum computing’s first major commercial opportunity may lie in securing infrastructure against future quantum-enabled cyber threats. Microsoft announced the acceleration on June 30, 2026, citing…
Raytheon, a business unit of RTX (NYSE: RTX), is partnering with European defense firms to double global production of the Stinger missile amid rising international demand. The expansion involves collaboration with Diehl Defence, a German defense company, which will manufacture the guidance section, a critical component of the Stinger missile system. Diehl Defence will also…