US Politics & Business News
Brent crude oil prices fell sharply Sunday, recording their steepest single-day decline in two months after a second consecutive day passed without military strikes in the Persian Gulf. The international benchmark Brent crude dropped 4.9% to $92.02 per barrel shortly after trading resumed Sunday, following a 3.9% decline on Friday. Brent crude had briefly surged…
AST SpaceMobile (ASTS) shares jumped more than 4% in premarket trading Monday, even as a prominent satellite analyst cast serious doubt on the company’s competitive future. Satellite analyst Tim Farrar argued on X that AST SpaceMobile could arrive “too little, too late” in the direct-to-device race against Starlink’s expanding satellite network. Farrar said AST’s low-band…
RTX Corporation has emerged as a rare bright spot during a difficult stretch for equities, climbing 7.6% over the last five trading days while the S&P 500 slid 1.7%. That outperformance coincided with the company reporting strong second-quarter results and raising its full-year financial outlook, giving investors fresh confidence in the defense and aerospace giant….
The Monetary Authority of Singapore moved to tighten monetary policy for a second consecutive time, acting preemptively against a renewed surge in global oil prices. The MAS said it will increase the rate of appreciation of the Singapore dollar’s nominal effective exchange rate policy band “very slightly,” with the adjustment smaller than April’s move. The…
Sunday night trading shifted sharply in favor of bulls as stock futures climbed and oil prices dropped following a weekend pause in fighting between the United States and Iran. Dow Jones Industrial Average futures rose by 294 points, or 0.6%, as investors welcomed the temporary halt in hostilities between the two nations. S&P 500 (SPX)…
Lockheed Martin (LMT), Northrop Grumman (NOC), and RTX (RTX) posted record backlogs and raised guidance, driven by near-term missile defense demand and long-term military modernization programs. Northrop Grumman raised its 2026 sales and earnings outlook after reporting stronger second-quarter bookings and revenue growth across all four of its business segments. CEO Kathy Warden said the…
S&P 500 earnings growth has surged to eye-catching levels in Q2 2026, but a single company is responsible for much of that dramatic jump. Alphabet (GOOGL), the parent company of Google, delivered an earnings surprise so large it has materially distorted the aggregate earnings picture for the entire index. The blended earnings growth rate for…
The $31 trillion Treasury market is delivering an unmistakable message to Federal Reserve Chair Kevin Warsh: interest rates are not high enough. Treasury yields have surged well past the Fed’s current policy rate, signaling that markets believe the central bank is falling behind the economic reality. Two-year Treasury yields have climbed to a range of…
RTX (RTX) and Lockheed Martin (LMT) both raised their full-year financial guidance following strong second-quarter performances that included record backlog figures. The two major US defense contractors reported results that exceeded expectations, prompting upward revisions to their respective outlooks for the remainder of the year. RTX shares climbed 1.74% following the announcement, reflecting investor confidence…
RTX Corporation (RTX) delivered a strong second-quarter performance, reporting adjusted sales of $24.7 billion, up 16% organically compared to the same period last year. Adjusted earnings per share climbed to $1.89, representing a 21% year-over-year increase driven by 18% growth in segment operating profit across the company’s major divisions. Free cash flow reached $2.9 billion…