US Politics & Business News
Blue Origin is raising $10 billion in its first-ever external funding round, valuing the company at $130 billion pre-money after 26 years of sole Bezos financing. Coatue Management is leading the round with approximately $4 billion, while Jeff Bezos himself is personally contributing $2 billion to the raise. The remaining $4 billion is drawing strong…
AST SpaceMobile (ASTS) is building a satellite network designed to let standard smartphones connect directly to satellites without any specialized equipment. This capability holds significant implications for military personnel and emergency responders who need reliable communications when ground-based networks go down or are disrupted. The company’s BlueBird low Earth orbit satellites deliver connectivity across remote…
Remittix (CRYPTO: $RTX) is pushing deeper into the broader crypto trading market with the announcement of a new perpetual futures platform called Remittix Markets. The expansion adds a second major product line to the RTX ecosystem, sitting alongside its existing PayFi platform that allows users to send crypto while recipients receive fiat directly into bank…
SK Hynix is set to make its long-awaited debut on the Nasdaq, giving U.S. investors direct access to South Korea’s second most valuable company for the first time. The company priced its American depositary receipts at $149 per share, raising $26.5 billion to fund an aggressive expansion into new factories and equipment. Demand for the…
The window to secure a competitive certificate of deposit rate is narrowing, and savers face a genuine decision about where to park their cash. Top U.S. CD yields still reach approximately 4.4% to 4.5% APY as of July 2026, but that figure has been sliding steadily in recent months. The Federal Reserve held its target…
A sharp sector-wide selloff in July has dragged down three of the most closely watched names in the commercial space industry. Rocket Lab (NASDAQ: RKLB), AST SpaceMobile (NASDAQ: ASTS), and Intuitive Machines (NASDAQ: LUNR) have each declined sharply over the past month despite growing contract backlogs and government awards. Investors should treat this group as…
Omnia Training has secured a landmark £2 billion contract from the UK Ministry of Defence to serve as the British Army’s Strategic Training Partner. The contract tasks Omnia Training with delivering the Army’s Collective Training System, known as ACTS, over a 15-year period. Omnia Training is led by Raytheon UK, itself a business unit of…
Delta Air Lines (NYSE: DAL) reported first-quarter adjusted operating revenue of $14.2 billion, a 9.4% increase over the prior year and a record for the March quarter. The strong top-line result came even as the carrier absorbed what it described as the highest quarterly fuel expense in its history, pressuring margins heading into the spring…
A veteran Jefferies strategist is urging investors to consider a rotation into quality, low-stress stocks as concerns mount over AI monetization. Desh Peramunetilleke, Jefferies’ head of quantitative strategy, says markets are grappling with whether technology companies are building excess capacity in artificial intelligence infrastructure. A Jefferies report titled “AI fatigue and rotation” notes that “the…
SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…