US Politics & Business News
Bank of America analyst Vivek Arya has named Nvidia (NVDA) his top sector pick ahead of the chipmaker’s upcoming fiscal second quarter results. Arya maintains a Buy rating and a $350 price target on Nvidia, implying more than 55% upside from the $223.96 level at the time of the note. The analyst argues that Nvidia…
Walt Disney Co. (DIS) filed a federal lawsuit Tuesday against the Federal Communications Commission, accusing the agency of waging an illegal “retaliatory campaign” against its ABC network. The suit, filed in U.S. District Court for the District of Columbia, alleges the FCC is violating ABC’s First Amendment rights through what the network calls “pretextual regulatory…
Russia continues to insist its wartime economy is healthy and resilient, even as a senior economist was dismissed after contradicting that official narrative. Andrei Klepach, the former chief economist of Russia’s state-controlled development bank VEB and a former deputy economy minister, was reportedly fired on Sunday following reports of remarks he made earlier this year….
D-Wave Quantum Inc. (NASDAQ: QBTS) and NTT DOCOMO have deployed a second quantum computing application in production, delivering major improvements to mobile network operations in Japan. The new application reduces location registration signals generated when devices cross tracking area list boundaries by 65.3% at the daily peak, while also cutting paging signals by 7.0%. NTT…
Boeing (BA) stock carries the richest valuation multiple among its aerospace and defense peers, even as its profitability and twelve-month returns disappoint investors. The company posted revenue growth of 25% over the last twelve months, outpacing every major competitor in its peer group by a wide margin. Despite that top-line momentum, Boeing’s stock delivered a…
Power Metals is advancing what it describes as North America’s only cesium project at a pivotal moment for Western critical mineral supply chains. The United States currently imports 100% of its required cesium, a rare mineral used in atomic clocks, GPS systems, aerospace solar technology, advanced communications networks, and high-tech defense equipment. That total import…
RTX (NYSE: RTX) subsidiary Raytheon has secured a $22.9 billion, seven-year contract to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy. The contract was awarded as part of the Department of War’s Arsenal of Freedom initiative, which has already produced landmark agreements with defense suppliers. Under the terms of the deal, Raytheon…
AST SpaceMobile (ASTS) reported second-quarter 2026 revenue of $31.52 million, doubling sequentially from approximately $15.8 million recorded in the first quarter. Despite the strong sequential growth, the company fell short of analyst expectations, missing the $35.18 million consensus forecast by $3.66 million, a shortfall of approximately 10.4%. Management attributed Q2 revenue performance to commercial gateway…
Shares of AST SpaceMobile (ASTS) snapped a two-day losing streak on Monday, gaining 0.2% after declining more than 4% across the prior two sessions. The modest rebound came as the Federal Communications Commission continued its review of Ligado Networks’ application to operate L-band broadband payloads aboard 96 satellites in AST’s constellation. Ligado filed the request…
RTX (NYSE: RTX) subsidiary Raytheon has locked in a massive $22.9 billion contract with the U.S. Navy to produce Tomahawk cruise missiles over seven years. The long-term agreement requires Raytheon to scale production to more than 1,000 Tomahawk missiles per year across a broad supplier network. The deal involves coordination with hundreds of suppliers, underscoring…