US Politics & Business News
President Donald Trump has signed a National Security Presidential Memorandum targeting more than 1,000 U.S. launches and reentries annually by 2030. The directive aims to usher in what the administration calls a “Golden Age of Space Transportation,” with sweeping changes to how launches are permitted and managed. The policy calls for faster permitting and environmental…
IonQ (IONQ) announced in early August 2026 that its Space Division, formerly known as Capella, secured a contract with the U.S. National Reconnaissance Office. The contract supports the NRO’s Radar Commercial Augmentation program, which supplements government satellite capabilities with commercial radar imagery services. At first glance, the deal appears to be a satellite imaging award…
Raytheon, a subsidiary of RTX Corporation (RTX), has secured a seven-year, $22.9 billion contract to accelerate Tomahawk cruise missile production for the U.S. Navy and allied forces. The contract was awarded on August 17, 2026, and establishes a long-term framework designed to significantly increase missile output while reinforcing Raytheon’s standing in the precision-strike market. Under…
For many Americans approaching retirement, the question of when to begin Roth conversions is among the most consequential financial decisions they will face. A couple in their 50s holding $1.5 million in traditional 401(k) accounts are weighing whether now is the right time to begin converting those funds into a Roth account. The core appeal…
Treasury Secretary Scott Bessent insists he has a “big toolkit” to address mounting pressures in the U.S. government bond market, but his efforts so far have produced limited results. A two-pronged strategy combining accelerated buybacks with public reassurances has done little to calm investor anxiety or push longer-dated yields durably lower. The Treasury’s Wednesday announcement…
AST SpaceMobile (ASTS) is facing a legal challenge from Delclaux Partners, which has filed a lawsuit seeking more than $15 million in disputed contractual finder’s fees. The lawsuit centers on alleged unpaid compensation that Delclaux Partners claims is linked to financing arrangements it helped source for the satellite company. The case raises significant questions about…
Quantum computing stocks are falling sharply midday Thursday, with no company-specific news driving any of the individual declines across the group. Rigetti Computing (NASDAQ: RGTI) is down 7% to $15.73, while IonQ (NYSE: IONQ) shares are sliding 6% to $40.60 in Thursday trading. D-Wave Quantum (NYSE: QBTS) is falling 4% to $18.60, and Quantum Computing…
GE Aerospace (GE) has delivered exceptional shareholder returns over the past year, with shares climbing 33.4% to $356.23, far outpacing the S&P 500’s 20.6% gain over the same period. The central risk facing the stock today is not a demand problem, as orders are actually running ahead of what the company can ship. The real…
Walmart (WMT) shares fell sharply Thursday after the retail giant posted its slowest U.S. comparable sales growth in years, unsettling investors despite a headline earnings beat. Shares dropped 7.3% to around $105 shortly after markets opened, marking the stock’s largest intraday loss since May 21. The company reported $187.9 billion in quarterly revenue and earnings…
Treasury Secretary Scott Bessent expressed cautious optimism Thursday, telling CNBC there is a “very good chance” the U.S. budget deficit has already reached its peak under President Donald Trump. Bessent made the remarks in an exclusive interview with CNBC’s Sara Eisen, one day after his department’s extraordinary debt buyback announcement drew widespread attention. “We are…