US Politics & Business News
Cash App, owned by Block (SQ), has launched a $25 NFC-powered magic wand that functions as a tap-to-pay device, directly capitalizing on a viral social media trend. The product sold out all 10,000 available units on June 4, just hours after going live for purchase on the platform. The wand trend originated with social media…
The U.S. Treasury Department announced it would more than double its planned purchases of longer-term government debt, catching markets off guard this week. The move was designed to calm bond markets following a sustained selloff that had pushed yields sharply higher, making U.S. debt appear increasingly risky to investors. The Treasury said it would increase…
When a job disappears, health insurance often vanishes with it, leaving millions of Americans scrambling to find affordable alternatives before coverage lapses. Losing employer-sponsored health insurance is one of the most stressful financial consequences of a layoff, particularly for those with ongoing medical needs or prescriptions. The most immediate option available to laid-off workers is…
U.S. stock futures pointed to a modest recovery early Friday after a sharp selloff in the previous session rattled investor confidence across major indices. As of 4:30 a.m. ET, Nasdaq futures rose 0.4%, Russell 2000 futures were up 0.5%, while S&P 500 (SPY) and Dow futures each gained 0.3%. For the week, both the Nasdaq…
BMO Capital initiated coverage of D-Wave Quantum Inc. (QBTS) with an Outperform rating, sending the stock higher in Friday premarket trading. Analyst Harsh Kumar set a $35 price target on QBTS, implying an 86% upside from the stock’s most recent closing price. Kumar cited D-Wave’s commercial revenue generation, first-mover advantage, and dual-technology strategy as the…
Motorola Solutions (MSI) is expanding its public-safety portfolio through a $1.5 billion acquisition of counter-drone technology firm D-Fend Solutions. The deal gives MSI direct access to cutting-edge counter-unmanned aerial systems technology, opening new revenue streams in the fast-growing airspace security market. D-Fend specializes in detecting and neutralizing unauthorized drones, a capability that sets it apart…
The U.S. government has refunded roughly $100 billion in tariff revenue to corporations after the Supreme Court struck down President Trump’s “Liberation Day” tariffs earlier this year. The Supreme Court ruled in February 2026 that the tariffs, imposed under the International Emergency Economic Powers Act, were not authorized by that law. The invalidated program had…
RTX (RTX) has reported a record-high backlog of $289 billion, a figure that underscores the company’s dominant position across both commercial aerospace and defense markets. The backlog grew 22% year over year and 6% sequentially, reflecting surging demand that continues to outpace the company’s already substantial sales volumes. Of the $289 billion total, roughly $170…
D-Wave Quantum (NASDAQ: QBTS) shares climbed 2% on Friday after BMO Capital Markets initiated coverage with a bullish rating and a significant price target. BMO Capital assigned an Outperform rating to QBTS alongside a $35 price target, implying approximately 85% upside from the stock’s latest closing price. BMO analyst Harsh Kumar identified D-Wave as relatively…
Kratos Defense & Security Solutions (KTOS) appears to be crossing a meaningful threshold in its development, moving from defense technology developer toward a full-scale production platform. The company’s consolidated backlog climbed to $2.08 billion, while second-quarter bookings reached $492.2 million, signaling robust and sustained demand from defense customers. Over the trailing 12-month period, total bookings…