US Politics & Business News
The largest U.S. banks are set to kick off earnings season, offering investors their first clear look at how rising Treasury yields are hitting the broader economy. Analysts expect earnings at the biggest U.S. banks to rise by as much as 20% from a year earlier, though the backdrop remains complicated by surging long-term borrowing…
The bull market is officially four years old, but a persistent rise in bond yields is raising serious questions about how much longer the rally can last. Investors have ridden a remarkable wave of gains since the market bottomed out, with equities climbing steadily through economic uncertainty, geopolitical turbulence, and repeated calls for a recession…
Senate Judiciary Committee Chair Chuck Grassley has fired back at Democrats who demanded an apology over the treatment of former special counsel Jack Smith at a recent hearing. In a letter to top committee Democrat Dick Durbin of Illinois, the 93-year-old Iowa Republican accused Democrats of embarrassing themselves by “falling over themselves” to defend Smith’s…
A bipartisan group of seven Senate Foreign Relations Committee lawmakers has condemned President Trump’s recent agreement with Russian President Vladimir Putin to lift energy sanctions. The deal would allow Russian oil and diesel fuel to flow back into the global economy, directly contradicting legislation Congress passed in 2022. “Congress explicitly banned Russian energy imports in…
The Federal Trade Commission is distributing more than $15.8 million in refund payments to customers of the AI-based cash advance app Cleo AI. The agency announced the payments following a settlement reached earlier this year over allegations that Cleo misled its users about the nature of its cash advance services. More than 2.1 million Cleo…
AST SpaceMobile (ASTS) has successfully launched 13 BlueBird satellites to date, building out its low Earth orbit constellation with growing commercial ambitions. The company’s satellites are significantly larger than SpaceX’s Starlink satellites and are designed to extend cellular coverage into remote regions beyond the reach of traditional terrestrial towers. Telecom giants AT&T (T) and Verizon…
Stocks held their ground heading into earnings season despite persistent pressure from elevated Treasury yields and ongoing oil-price volatility across global markets. AI-related stocks continued to support broader investor sentiment, though upcoming corporate earnings reports could determine whether the current rally extends through the end of the year. With less than a month remaining before…
RTX has won a $6 billion contract from the Pentagon to produce interceptor missiles, a major award that signals continued strong demand for advanced defense systems. Shares of RTX climbed approximately 1% on Friday following the announcement, reflecting investor confidence in the company’s expanding defense portfolio. The contract represents one of the largest single missile-related…
Millions of older Americans will face a narrower set of healthcare choices when Medicare’s open-enrollment period begins October 15 and runs through December 7. The average Medicare beneficiary can now choose from among 35 plans for 2027, down from 39 plans available in 2026, according to healthcare policy and research firm KFF. At least 3.8…
Investors are closely watching third-quarter corporate earnings as a defining moment for whether the stock market rally can sustain itself going forward. High hopes for earnings results have so far been enough to outweigh mounting concerns around elevated interest rates and rising oil prices in recent months. The stock market has leaned heavily on strong…