US Politics & Business News
Super Micro Computer (SMCI) shares rocketed more than 25% in after-hours trading Tuesday after the company issued a stunning preliminary fiscal fourth-quarter update. The stock had already closed the regular session roughly 7% higher before extending those gains sharply following the announcement. The company said GAAP and non-GAAP gross margins are now estimated to be…
Rigetti Computing’s (RGTI) first-quarter 2026 results revealed a financial position that stands out sharply among emerging quantum computing companies navigating a difficult funding environment. The company ended the quarter with nearly $569 million in cash, cash equivalents and available-for-sale investments, while carrying absolutely zero debt on its balance sheet. This level of liquidity gives Rigetti…
RTX (NYSE: RTX) subsidiary Pratt & Whitney has signed a Memorandum of Understanding with Tigerair Taiwan to power 15 Airbus A321neo aircraft with GTF engines. The agreement covers four firm aircraft and 11 leased aircraft, extending a partnership that dates back to the airline’s founding in 2014. Tigerair Taiwan currently operates nine Airbus A320neo family…
President Donald Trump is poised to unleash a new wave of tariffs on dozens of countries, potentially as soon as this week, according to the Financial Times. The moves come as the administration’s temporary 10% global tariff is scheduled to expire on Friday, July 24, creating urgency around what comes next. The U.S. Supreme Court…
Jim Cramer used his Lightning Round segment on CNBC’s Mad Money to deliver a series of pointed calls across several high-profile stocks. The veteran market commentator endorsed Lyft (NASDAQ: LYFT) near current levels, citing the company’s leadership and strong free cash flow generation as reasons to buy. “I think David Risher’s doing a good job….
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….