US Politics & Business News
Raytheon, a subsidiary of RTX (NYSE: RTX), has secured a contract from the US Office of Naval Research to develop advanced radar detection software for naval surveillance and defense systems. Under the agreement, Raytheon’s Advanced Technology division will develop and evaluate new signal-processing and data-processing algorithms designed to extend radar detection ranges and improve sensitivity….
Broadcom Inc. (AVGO) CEO Hock Tan sparked significant market turbulence after comparing many AI investors to casino gamblers during a Singapore appearance. Tan told the audience that the surge in artificial intelligence investing has drawn in participants who behave more like gamblers than informed, disciplined investors. “A lot of investors have no clue what they…
The International Monetary Fund has lifted its global growth forecast for 2026, crediting AI-driven investment with helping offset the economic damage caused by the ongoing Middle East war. The IMF now projects the global economy will expand at 3.1% in 2026, up from the 3% estimate issued in July, though still well below last year’s…
Global bond markets are facing a dangerous combination of rising inflation, record debt levels, and surging AI-related borrowing, the International Monetary Fund warned Tuesday. The IMF released its latest Global Financial Stability Report as part of the annual IMF-World Bank meetings in Bangkok, Thailand, where more than 18,000 delegates gathered this week. Government bond yields…
Sen. Bernie Sanders (I-Vt.) is calling for a permanent ban on artificial superintelligence after OpenAI CEO Sam Altman made alarming comments about the future of AI-driven cybersecurity threats. Altman warned on Politico’s “Decoded” podcast last week that society faces a “coming tidal wave of cybersecurity problems” stemming from open-source AI models entering widespread use. Sanders…
California Gov. Gavin Newsom has thrown his support behind a ballot measure that would effectively neutralize a separate proposal to tax the state’s billionaires. Newsom endorsed Proposition 42, which would prohibit retroactive taxes that Proposition 40, known as the Billionaire Tax Act, would otherwise impose on California billionaires. Proposition 40 would target any billionaire who…
In 2026, the commercial space sector continues attracting investor attention, with AST SpaceMobile (ASTS) and Firefly Aerospace (FLY) emerging as two of its most compelling — and volatile — plays. AST SpaceMobile trades at $51.46 with a market cap of $15 billion and a 52-week range of $47.57 to $133.86, reflecting significant price volatility over…
D-Wave Quantum (QBTS) reported second-quarter 2026 revenue of $3.1 million, a figure essentially unchanged from the same period a year earlier. That stagnation is striking given the company carries a $5.4 billion valuation, a price that clearly anticipates rapid and sustained growth ahead. Beneath the flat headline number, however, cloud subscriptions and professional services both…
Raytheon, a business unit of RTX (NYSE: RTX), has successfully completed three developmental tests of its new Coyote Block 2C+RM interceptor upgrades, marking a major milestone in counter-drone technology. The program advanced from concept to testing in just 15 months, reflecting an accelerated push to meet urgent U.S. military requirements against evolving drone threats on…
A family dispute over a valuable property has raised questions about inheritance, caregiving, and what one sibling truly deserves when another moves in. The situation centers on an elderly widowed mother, 78, who owns her home outright, with the property valued at $925,000. Beyond the real estate, the mother also holds $480,000 in investments, making…