US Politics & Business News
Elon Musk is pushing back on Wall Street’s already ambitious projections for the space economy, saying the sector will grow far beyond Goldman Sachs’ $1.8 trillion estimate. Musk made the remarks on X in response to a post about Goldman’s “Second Space Age” report, writing “It will be much bigger,” before adding, “Space is bigger…
Quantum computing stocks took a significant hit Tuesday as surging long-dated Treasury yields triggered a broad rotation away from speculative technology positions. IonQ (NYSE: IONQ) fell approximately 6% to around $44, D-Wave Quantum (NYSE: QBTS) dropped about 6.4% to near $20, and Rigetti Computing (NASDAQ: RGTI) slid roughly 5% to approximately $18 near the close….
Vertiv (VRT) and Quanta Services (PWR) are emerging as compelling alternatives to RTX (RTX) for investors looking to capitalize on the industrial sector’s strongest spending cycles. RTX has delivered impressive returns, climbing roughly 45% over the past year and trading just below its all-time high of $227, making it a richly priced bet at current…
A couple identifying as committed Christians are reconsidering their estate plans after their son and daughter-in-law cut off all contact following a political argument. The dispute, which escalated into a full estrangement, has left the parents questioning whether to redistribute a $3 million inheritance they had intended for their son’s family. The case was submitted…
President Donald Trump stepped back from imposing sweeping 50% tariffs on Canadian goods, announcing a three-day pause hours before the duties were set to take effect. Trump posted on Truth Social late Tuesday that he had halted the tariffs based on progress toward a formal agreement with Canada, writing that the two countries “have a…
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…