US Politics & Business News
AST SpaceMobile (NASDAQ: ASTS) shares dropped 2.8% to $66.82 in pre-market trading after the company reported second-quarter 2026 results that disappointed Wall Street on multiple fronts. The satellite communications company disclosed the results on the evening of August 10, triggering an immediate negative reaction that extended into pre-market hours the following morning. Second-quarter revenue came…
U.S. stock futures traded in mixed territory early Tuesday as investors braced for a critical inflation report due Wednesday and geopolitical tensions around the Strait of Hormuz kept pressure on sentiment. As of 4:00 a.m. ET, Nasdaq and Russell 2000 futures rose 0.1%, Dow futures slipped 0.1%, and S&P 500 futures were flat with a…
Raytheon, a business unit of RTX (NYSE: RTX), has secured a $745 million contract from the Missile Defense Agency for the production and sustainment of Standard Missile-3 Block IIA interceptors. The contract is aimed at strengthening both U.S. and allied readiness against increasingly sophisticated ballistic missile threats across multiple regions. Barbara Borgonovi, president of Naval…
AST SpaceMobile Inc (NASDAQ: ASTS) reported second-quarter 2026 revenue of $31.5 million, more than doubling its first-quarter figure on the back of US government contract milestones and commercial gateway deliveries. The company reiterated its full-year 2026 revenue guidance of $150 million to $200 million, with revenue expected to build sequentially and be weighted toward the…
AST SpaceMobile maintained its ambitious revenue target despite second-quarter results that fell short of Wall Street expectations, sending ASTS shares sharply lower on Monday. Shares of AST SpaceMobile fell more than 4% during regular trading on Monday and extended losses by roughly 4% in after-hours trading before trimming declines to nearly 1% overnight. The company…
GE Aerospace (GE) has climbed 37% over the past year, outpacing both the S&P 500 and the broader industrials sector by a wide margin. The company builds and services engines powering a large portion of the world’s commercial and military aircraft, with a fleet of 80,000 engines currently in service. That installed base functions as…
AST SpaceMobile (NASDAQ: ASTS) reported second quarter 2026 results on August 10, falling short of Wall Street expectations despite significant operational progress in its satellite broadband network buildout. The space-based cellular broadband provider posted revenue of $31.52 million for the quarter, coming in below the analyst consensus estimate of $34.98 million. The company reported an…
AST SpaceMobile (ASTS) shares fell roughly 3.5% in after-hours trading Monday after the company’s second-quarter results missed analyst expectations on both revenue and earnings. The satellite connectivity company reported Q2 revenue of $31.5 million, falling short of the $33.9 million analysts had projected, according to Fiscal.ai. Despite the miss, revenue grew dramatically compared to just…
General Dynamics (GD) has delivered a strong year-to-date performance, raising the question of whether it stands out among its aerospace peers. The Aerospace group currently ranks second out of 16 groups in the Zacks Sector Rank, making it one of the stronger performing sectors overall. The sector includes 76 individual companies, and the ranking is…
SpaceX stock staged a notable recovery following a post-earnings selloff, with shares trading around $135 on Monday as investor confidence returned. The rebound signals renewed appetite for space sector equities after what had been a turbulent stretch tied to earnings-driven volatility in the group. SpaceX, the privately held rocket and satellite company founded by Elon…