US Politics & Business News
A growing bloc of House Republicans is warning President Trump they will block additional Pentagon funding unless the administration adopts a tougher posture toward Russia. The administration, backed by Defense Secretary Pete Hegseth, is pushing Capitol Hill Republicans to approve at least $350 billion in new military spending through a partisan reconciliation package in the…
AST SpaceMobile may be losing its window to replicate Rocket Lab’s deal-making success, according to satellite communications consultant Tim Farrar. Farrar issued the warning on X, pointing to Rocket Lab’s use of elevated equity to acquire other businesses before its stock momentum cooled. “RocketLab used its equity to acquire other businesses while its stock was…
D-Wave Quantum Inc. (NASDAQ: QBTS) has delivered its Advantage2 annealing quantum computer to Lombardy, Italy, marking a significant milestone for European quantum computing access. The system, featuring more than 4,400 qubits, has arrived at Villa Saporiti in Como for installation, funded by Swiss Quantum Technology SA. Within the Q-Alliance ecosystem, the machine is referred to…
RTX (RTX) is drawing renewed investor attention following a series of significant defense contract wins that analysts suggest could make the stock meaningfully undervalued at current prices. Raytheon, RTX’s defense subsidiary, secured a five-year contract worth up to $6.3 billion for Standard Missile 3 Block IB interceptors, adding to $729 million in counter-drone system orders…
Fintech companies are catching on to how Americans are altering their financial habits and have created new products designed to meet the moment. A growing number of apps and websites are simulating the shopping and food ordering experience without users making any real purchases at all. Users simply browse, click, add items to a cart,…
The U.S. Treasury is pushing back hard against the International Monetary Fund after the fund warned that American debt is on an unsustainable path. David Zervos, newly appointed counselor to the Treasury Secretary, told CNBC on Thursday that the IMF should examine its own track record before criticizing U.S. fiscal policy. “When we see pieces…
Retiring Rep. Mark Amodei of Nevada says he will “absolutely not” vote for the Republican candidate tapped to replace him in a once-solidly red congressional district. Amodei made the declaration in a Saturday interview, saying he views Trump-endorsed candidate David Flippo as entirely the wrong person for Nevada’s 2nd District. “I think the seat’s at…
Pennsylvania Governor Josh Shapiro is launching a new political action committee, intensifying speculation that he is laying the groundwork for a future presidential run. The committee, named New Path PAC, has already established a public-facing website outlining its political mission and goals. According to the website, the PAC is dedicated to electing candidates who will…
In a mild break from President Trump, Sen. Darline Graham (R-S.C.) said she would prefer to keep sanctions pressure on Russia following his executive order. Trump signed the order Friday, waiving sanctions on Russian energy that were passed under the Lindsey O. Graham Sanctioning Russia and Iran Act. The legislation was named after Graham’s late…
AST SpaceMobile (NASDAQ: ASTS) shares have fallen more than 20% over just five trading sessions, hitting a one-year low not seen since September 2025. The Midland, Texas-based company is now down approximately 67% from its all-time high reached on May 28, as multiple headwinds converge on the stock simultaneously. SpaceX’s latest push to acquire low-band…