US Politics & Business News
Shares of major space sector stocks caught a strong bid Tuesday as the group rebounded sharply from recent weakness across the board. AST SpaceMobile (NASDAQ: ASTS) led the move with a 12% gain, pushing shares to $64 as investors responded to a significant capital raise announcement. SpaceX (NASDAQ: SPCX) shares climbed 7% to $128 after…
Collins Aerospace, a business unit of RTX (NYSE: RTX), and Etihad Engineering have announced a new joint venture to provide nacelle maintenance, repair, and overhaul services in Abu Dhabi. The two companies made the announcement at the Farnborough International Airshow, signaling a significant expansion of MRO capabilities across the Middle East aviation sector. The joint…
Restaurant foot traffic is falling sharply across the United States as a cyclospora outbreak linked to iceberg lettuce continues to spread alarm among consumers. The Food and Drug Administration and the Centers for Disease Control and Prevention have linked lettuce served at Taco Bell restaurants to the widespread outbreak of the diarrhea-causing parasite. Federal investigators,…
Metro Bank is exploring a potential £2bn merger with Aldermore, a British challenger bank currently on the market following its involvement in the motor finance mis-selling scandal. Sky News has learned that Metro Bank is in the early stages of evaluating whether to submit a formal offer for Aldermore, which specialises in mortgages and business…
Shares of AST SpaceMobile (ASTS) climbed 3% in premarket trading on Tuesday after Midland officials projected a 132% return on the city’s incentive investment tied to a major manufacturing expansion. The Midland Development Corporation approved a performance-based incentive package worth up to $66 million over 30 years to support AST SpaceMobile’s planned satellite production facility….
Quantum computing has emerged as one of the most exciting technological frontiers for investors following the artificial intelligence boom of recent years. Researchers at McKinsey estimate that quantum computing could create up to $2.7 trillion in economic value for companies worldwide by 2040, spanning industries from drug discovery to cybersecurity. D-Wave Quantum (NYSE: QBTS) has…
BOC Aviation Limited (HKEx: 2588) has confirmed an order for up to 220 Pratt & Whitney GTF engines to power as many as 110 Airbus (AIR.PA) A320neo family aircraft. The deal represents the largest order BOC Aviation has ever placed with Pratt & Whitney, underscoring the deepening relationship between the aircraft lessor and the RTX…
Beijing is weighing new restrictions on the export of artificial intelligence and semiconductor technologies, escalating an ongoing trade conflict with the United States. Chinese regulators, led by the Ministry of Commerce, have been consulting with top domestic AI and chipmaking firms about how to protect advanced technologies from Western acquisition. Representatives from Alibaba, ByteDance, and…
Fidelity’s annual Retiree Health Care Cost Estimate reveals that the average couple retiring today faces approximately $345,000 in after-tax healthcare expenses throughout retirement. That staggering figure does not include long-term care costs, which can add hundreds of thousands of dollars more to a retiree’s financial burden. For individual retirees, the estimate is roughly $172,500 per…
Reddit sentiment and retail conviction are clashing with market reality as Rocket Lab (NASDAQ: RKLB) endures one of its sharpest recent drawdowns. Shares of Rocket Lab closed most recently at $67.62, capping a punishing stretch that saw the stock fall 37.4% over the past month and 16.6% in the last week alone. Despite the recent…