US Politics & Business News
U.S. stock futures edged higher early Wednesday as investors looked past another weak Wall Street session and turned their attention to the Federal Reserve’s highly anticipated rate decision. The Federal Reserve is widely expected to raise interest rates for the first time in three years, with markets pricing in a 92.5% probability of a hike…
The Commerce Department has finalized $100 million CHIPS and Science Act grants each for D-Wave Quantum, Rigetti Computing, and Quantinuum, totaling $300 million in federal support. The three agreements, structured as research-and-development grants, are tied to project milestones and available appropriated funds, meaning payments are not guaranteed upfront. As part of the deal structure, the…
RTX Corporation (RTX) is expanding its defense communications capabilities to address the growing demand for resilient connectivity in challenging military operating environments. Through its subsidiary Collins Aerospace, RTX is developing communication systems designed to support military missions across multiple frequency bands, strengthening its foothold in advanced defense communications. In 2025, Collins Aerospace was awarded a…
Shares of AST SpaceMobile (ASTS) rose more than 1% overnight Wednesday, closing at $59.27, even as investors searched for clarity on the next BlueBird satellite launch. Despite the overnight gain, ASTS remains down roughly 1% for the week, reflecting lingering uncertainty around the company’s satellite deployment schedule. Retail investors on Stocktwits largely held firm in…
D-Wave Quantum Inc. (NASDAQ: QBTS) has announced it will host Qubits Asia 2026: Quantum Realized, a full-day quantum computing user conference on October 28, 2026, in Seoul. The company describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, software, and services to enterprise customers. The event will spotlight production…
The second quarter earnings season for defense contractors has wrapped up, revealing a broadly strong performance across the sector with a few notable exceptions. RTX (NYSE:RTX), the aerospace and defense giant formerly focused on refrigeration technology, posted revenues of $24.71 billion, up 14.5% year on year, beating analyst expectations by 7.8%. The company also delivered…
SpaceX (NASDAQ: SPCX) shares are climbing sharply Wednesday morning after the company confirmed a firm date for Starship’s most consequential test flight to date. Barron’s reported that SpaceX plans to launch Starship again on September 22, targeting the vehicle’s first attempt to place its upper stage into stable Earth orbit. SpaceX stock is trading at…
International Business Machines (IBM) has secured a landmark $1 billion government contract to construct the first standalone quantum chip foundry on U.S. soil. The agreement comes through the Commerce Department, marking a significant federal commitment to advancing domestic quantum computing infrastructure. The facility, named Anderon, represents a new chapter in American quantum technology development and…
Pratt & Whitney, a unit of RTX (NYSE: RTX), has signed a new production licensing agreement with Hermeus for its F100-PW-229 fighter engine. The agreement grants Hermeus the rights to manufacture the F100-PW-229, one of the most widely deployed engines across U.S. military fighter aircraft fleets. Hermeus operates under a rapid build model, which could…
After a multiyear rally, booming space stocks have begun to collapse, dragging down even some of the sector’s most prominent names significantly. The Space Exploration Technologies IPO acted as a catalyst that sent many space-related stocks plummeting sharply, hitting investors hard across the board. AST SpaceMobile (NASDAQ: ASTS) has fallen 52% from its highs, while…