US Politics & Business News
Cerebras Systems (CBRS) launched one of the most anticipated technology IPOs in years, opening on Nasdaq at $350, nearly double its IPO price. The debut was celebrated as the largest US technology IPO since Uber, backed by $24.6 billion in contracted revenue and partnerships with OpenAI and AWS. Six weeks later, shares had collapsed to…
Space stocks are retreating sharply Tuesday afternoon, dragged lower by a broad rotation out of AI hardware and rising long-duration Treasury yields. SpaceX (NASDAQ: SPCX) is down 2% to $143, while Rocket Lab (NASDAQ: RKLB) has fallen 3% to $80 in the final trading hour. AST SpaceMobile (NASDAQ: ASTS) leads the group lower, declining roughly…
The U.S.-China technology race is intensifying into a sweeping contest over artificial intelligence, quantum computing, semiconductors, critical minerals, and strategic supply chains. Washington is preparing to urge countries participating in U.S.-led AI cooperation to choose between competing American and Chinese technology ecosystems, according to a Reuters report from August 14. The effort builds on Pax…
These three stocks have outpaced the broader market over the past five years by combining strong revenue growth, expanding margins, and rising returns on capital. The best-performing stocks typically sustain a trifecta of robust sales growth, increasing margins, and rising returns on capital over many years. Raytheon (NYSE: RTX) has delivered a five-year return of…
Meta Platforms (META) is heading to federal court to defend against allegations from 29 states that it deliberately designed Facebook and Instagram to addict children. The trial arrives less than two weeks after Meta lost a nearly $1 billion judgment in a similar case brought by the state of New Mexico, sending a clear signal…
Chuck Schumer, the senior senator from New York and current Senate Minority Leader, will next face voters in November 2028. His present Senate term concludes on January 3, 2029, meaning he still has more than two years remaining before New Yorkers cast ballots on whether to send him back to Washington for a sixth full…
Hakeem Jeffries, the House Minority Leader, represents New York’s 8th congressional district, a seat located entirely within the borough of Brooklyn. Understanding the shape and makeup of this district requires looking both at its current boundaries and at how significantly those boundaries have changed over the past decade. The district Jeffries represents today looks quite…
A continuing resolution is a stopgap piece of legislation that Congress passes to keep the federal government funded when lawmakers have not finished, or agreed upon, the regular annual appropriations bills before the start of a new fiscal year. Rather than setting new spending levels, a continuing resolution simply extends existing funding, typically at the…
Robert Aderholt, the Republican congressman representing Alabama’s Fourth District, holds one of the more consequential committee portfolios in the House of Representatives. His assignments center on the House Committee on Appropriations, the panel responsible for determining how federal money is spent across nearly every agency of government. Aderholt has served in Congress since 1997, making…
RTX is currently trading at $222.00 per share, delivering an 8.4% return over the last six months while the broader S&P 500 gained 13.1% over the same period. Originally focused on refrigeration technology, Raytheon provides a wide range of products and services to the aerospace and defense industries, operating under the ticker RTX. The stock…