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SpaceX has secured a $4.16 billion U.S. Space Force contract to develop a satellite network capable of continuously detecting and tracking airborne threats. The program, known as the Space-Based Airborne Moving Target Indicator, or SB-AMTI, is designed as an interconnected system combining space-based sensors, secure communications links, and ground processing. The U.S. Space Force awarded…

Soccer fans from around the world are pouring significant sums of money into travel for the 2026 FIFA World Cup, hosted across the United States, Canada, and Mexico. The tournament, which marks the first time three nations have co-hosted the World Cup, is drawing enormous international interest and unprecedented levels of fan spending. Many supporters…

The Strait of Hormuz is drawing oil tankers back into its waters, driven by extraordinary daily payouts that operators are finding increasingly difficult to refuse. Tanker rates in the Persian Gulf have nearly doubled in just one week, surging from approximately $106,000 per day to more than $190,000 per day for standard vessels. For very…

South Korea’s benchmark KOSPI index plunged 9.99% on Tuesday, closing at 8,203.84 as investors rushed to exit positions following an extraordinary record-breaking rally. The sell-off was sharp enough to trigger a circuit breaker, prompting the Korea Exchange to suspend trading for 20 minutes after the index breached a decline of 8%. Trading resumed but conditions…

The Washington Wizards selected AJ Dybantsa with the No. 1 overall pick in the 2026 NBA Draft, choosing him over fellow prospect Darryn Peterson. Dybantsa is expected to sign a four-year, $69 million rookie contract with Washington, according to a projection by contract database Spotrac confirmed by a league insider. His first-year salary is projected…

In June, job cuts at U.S. manufacturing facilities neared their highest levels since the global financial crisis ended in 2009, S&P Global reported Tuesday. The surge in layoffs also rivaled reductions seen during the Covid-19 pandemic, raising fresh concerns about the durability of any industrial recovery. S&P Global’s manufacturing “flash” purchasing managers index came in…

SpaceX shares dropped through the $150 threshold on Tuesday, falling below the level at which the stock first began trading on the Nasdaq nearly two weeks earlier. The decline briefly pushed the company’s market capitalization below $2 trillion, with shares hitting an intraday low of $146.88 before recovering ground. The stock settled around $153 following…

The U.S. has issued its most sweeping rollback of Iran oil sanctions since the 1979 Islamic Revolution, allowing dollar-denominated crude trade for the first time in over four decades. The U.S. Treasury issued a wide-ranging 60-day exemption on Monday permitting Iran to produce and sell crude oil, petrochemical, and petroleum products in U.S. dollars through…

Artificial intelligence is reshaping the competitive landscape across Big Tech, and a clear divide is emerging between companies that monetize AI now and those still building toward an uncertain future. On one side sit firms generating real, measurable revenue from AI deployments already embedded into their core products and cloud services at commercial scale. On…