US Politics & Business News
U.S. crude oil prices surged as high as $76 per barrel after President Donald Trump declared the Iran war ceasefire effectively over, rattling global markets. Oil closed up 4.4% at $73.52 per barrel, pushing its two-day gain to more than 7% and raising alarms across financial markets about sustained energy price inflation. The spike in…
Levi Strauss is pushing into new product categories and higher price points as it works to capture a larger share of the premium apparel market. The San Francisco-based company has expanded beyond its core denim offerings into dresses, skirts, tops, button-down shirts, and sweaters, broadening its appeal across categories. For the second quarter ended May…
China’s consumer price growth came in weaker than expected in June, while wholesale inflation accelerated, with elevated energy costs continuing to weigh on domestic demand. Consumer prices rose 1% in June from a year ago, missing economists’ estimates of 1.1% growth in a Reuters poll, and slowing from 1.2% recorded in May. The data was…
Heavy short interest in both Wendy’s (WEN) and AST SpaceMobile (ASTS) has drawn attention from traders who believe the bears are badly miscalculating the upside in each stock. Short squeezes occur when heavily shorted stocks surge, forcing bearish traders to buy shares to cover their positions, which accelerates price gains further. Wendy’s (WEN) has become…
Microsoft (MSFT) has accelerated its Quantum Safe Program, targeting the transition of critical products and services to post-quantum cryptography by 2029. The move signals a rapidly emerging investment theme suggesting quantum computing’s first major commercial opportunity may lie in securing infrastructure against future quantum-enabled cyber threats. Microsoft announced the acceleration on June 30, 2026, citing…
Raytheon, a business unit of RTX (NYSE: RTX), is partnering with European defense firms to double global production of the Stinger missile amid rising international demand. The expansion involves collaboration with Diehl Defence, a German defense company, which will manufacture the guidance section, a critical component of the Stinger missile system. Diehl Defence will also…
Oil prices surged sharply Wednesday after President Donald Trump cast serious doubt on the temporary truce between the United States and Iran. Trump made the remarks on the sidelines of the two-day NATO summit in Ankara, Turkey, following fresh U.S. military strikes on Iran. The strikes came in direct response to attacks on three ships…
Redwire Corporation (NYSE: RDW) has appointed two industry veterans to strategic advisory roles at its space pharmaceutical venture, Space Microgravity Development, known as SpaceMD. SpaceMD is Redwire’s dedicated venture company focused on leveraging the microgravity environment in space for pharmaceutical research and manufacturing purposes. Paul Reichert, a former Principal Investigator at Merck & Co. Inc….
D-Wave Quantum Inc (NYSE: QBTS) was last seen down 2.7%, trading at $20.50, marking its fifth consecutive losing session and its lowest price level in over a month. Despite the recent slide, a historically bullish technical signal has emerged that could point toward a meaningful near-term rebound for the quantum computing stock. According to Schaeffer’s…
RTX Corporation (RTX) has climbed onto the list of most searched stocks, drawing renewed investor attention to the aerospace and defense giant. Shares of RTX have returned 10.6% over the past month, significantly outpacing the Zacks S&P 500 composite, which gained just 1.6% over the same period. The broader Zacks Aerospace – Defense industry, of…