US Politics & Business News
AT&T (T) shares fell sharply after Oppenheimer downgraded the telecom giant, warning that SpaceX’s growing ambitions pose a lasting threat to its business. Oppenheimer analyst Timothy Horan cut his rating on AT&T to Perform from Outperform, also lowering his price target on the stock amid rising competitive concerns. Horan said the long-term outlook for AT&T’s…
Robert E. Hall and Michael Woodford have been awarded the Nobel memorial prize in economics for work that underpins models used by central banks and governments to smooth out periods of boom and bust. The U.S.-born pair were jointly recognized for their contribution to the “microeconomic foundations” needed to create macroeconomic stability, according to the…
Shannon O’Brien, chair of the Montana Democratic Party, resigned her position on October 12, 2026, and immediately endorsed independent Senate candidate Seth Bodnar. O’Brien made the announcement through a published op-ed, describing herself as “a lifelong Montana Democrat” who originally ran for party chair to unify Democrats. She wrote that the party is “more divided…
With one month until the midterm elections, President Trump is ramping up campaign activity in an effort to boost Republican voter turnout across the country. Trump’s October rally blitz includes stops in Oklahoma, Alabama, Ohio, Texas, and Nebraska, all states he won comfortably in 2024. The tour reflects the Republican Party’s strategy to replicate the…
AST SpaceMobile (ASTS) closed at $50.97 on October 9, marking a 62% decline from its May 28 peak as investor sentiment soured sharply. Deutsche Bank analyst Bryan Kraft upgraded ASTS from Hold to Buy on October 12, maintaining his $93 price target representing 82% upside from that close. Kraft had previously turned cautious on the…
IonQ (NYSE: IONQ) shares fell sharply to $36.19, sinking 9% in morning trading after the quantum computing firm unveiled a major all-stock cybersecurity acquisition. The deal, which values privately held Zero Trust enterprise security company Elisity at up to $1.3 billion, will be paid entirely in IonQ stock, triggering immediate dilution concerns among existing shareholders….
Last week’s market action showed a clear divide between large-cap strength and small-cap weakness, with major indexes hovering near historic highs. The S&P 500 gained 1.15% on the week to close at 7,811.54, stopping just short of its 52-week high of 7,844.52, while the Nasdaq Composite added 0.64% to finish at 27,366.17. The Russell 2000…
As enterprise IT budgets increasingly pivot toward artificial intelligence software, analysts say some of the biggest names in tech face very different futures. The shift is being closely watched across Wall Street, where investors are trying to identify which software companies stand to benefit most from changing spending priorities. Salesforce (CRM) is emerging as a…
India’s headline consumer price inflation climbed to 5.54% in September, up sharply from 4.82% in August, beating economist estimates to the upside. The consumer price index print came in above a Reuters poll forecast of 5.40%, marking the 11th consecutive month of rising inflation in the world’s fastest-growing economy. September’s reading represents a 22-month high…
Congress is growing increasingly frustrated with a powerful oversight agency that has identified illegal funding moves by the White House but refuses to act. The Government Accountability Office concluded this week that the White House illegally withheld more than $1 billion earmarked for education and health care research programs. That finding is the latest in…