US Politics & Business News
Shares in five of the most prominent quantum computing companies are climbing sharply today, even as broader markets experience a notable pullback across major indexes. The gains are being driven by a significant government funding announcement targeting three of the sector’s leading publicly traded firms, injecting fresh momentum into the nascent industry. Rigetti Computing (Nasdaq:…
The Trump administration has created a Transportation Department task force aimed at dramatically accelerating commercial space activity, targeting 10,000 FAA-licensed launches and reentries per year by 2035. Transportation Secretary Sean Duffy announced the Space Policy Administration, Coordination, and Execution, or SPACE, Task Force on Wednesday, with the body set to coordinate policy across the Department…
Both D-Wave Quantum Inc. (NASDAQ: QBTS) and Rigetti Computing Inc. (NASDAQ: RGTI) surged in premarket trading after securing landmark federal investment agreements. D-Wave shares climbed 5.73% premarket while Rigetti jumped 6.78% following the announcement of definitive agreements with the U.S. Department of Commerce. The deals were executed under the authority of the CHIPS and Science…
GE Aerospace (GE) shares trade at $337, putting the stock at 39 times trailing earnings, a valuation that demands a compelling underlying story to justify the price. The bullish case here is not about the earnings multiple at all — it centers entirely on cash generation and how fast that cash is arriving. Management has…
AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…
Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…
GE Aerospace (GE) has signed an agreement to acquire Consolidated Precision Products, known as CPP, from private investment firms Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $11.75 billion in total, structured using $7 billion in cash with debt covering the remaining consideration. CPP, headquartered in Cleveland, Ohio, specializes in producing precision-engineered…
L3Harris Technologies (LHX) is strengthening its missile defense footprint after securing a landmark $4.7 billion contract from Lockheed Martin (LMT). Announced on September 8, 2026, the seven-year undefinitized contract award covers propulsion systems for the PAC-3 Missile Segment Enhancement interceptor, known as the MSE. The award represents L3Harris’ largest PAC-3 propulsion contract to date and…
Shares of AST SpaceMobile (ASTS) climbed to a nearly three-week high on Tuesday, driven by fresh regulatory filings and growing momentum around satellite broadband competition. ASTS stock jumped 6% during Tuesday’s session and added another 0.4% in overnight trading ahead of Wednesday’s open. AST’s unit, AST & Science, filed with the Federal Communications Commission on…
Howmet Aerospace Inc. (HWM) has delivered a standout performance in 2026, surging 26.5% year to date and far outpacing broader market benchmarks. The S&P 500 has gained just 12.2% over the same period, while Howmet’s own industry has actually declined 5.4%, making the company’s run all the more impressive. Peers GE Aerospace (GE) and RTX…