US Politics & Business News
The Bureau of Labor Statistics revealed on August 28 that U.S. payrolls were overstated by 79,000 in the 12 months ending March 2026. Prior to these revisions, the BLS had reported that the economy created 272,000 jobs during that 12-month span, a figure now proven to be inflated. The preliminary annual benchmark revision came weeks…
Federal Reserve Chairman Kevin Warsh delivered a closely watched speech Friday at the Fed’s annual Jackson Hole symposium, expressing fresh concern about elevated inflation. Warsh stopped short of committing to either forward guidance or a reaction function for monetary policy, instead outlining his broader philosophy on governance. He acknowledged that recent price data offered limited…
CXMT, the Chinese memory-chip producer and direct rival to Micron Technology (MU), released its first financial results as a publicly traded company on Friday. The debut earnings report revealed that CXMT is benefiting significantly from the global surge in artificial intelligence services that has driven memory-chip prices higher. The rise of AI-powered applications has created…
AST SpaceMobile (ASTS) is drawing renewed investor interest after a significant government policy shift threw its weight behind the commercial space sector. President Donald Trump signed a memorandum aimed at dramatically expanding U.S. commercial space activity, setting a target of at least 1,000 commercial launches and reentries per year by 2030. That figure represents a…
Rigetti Computing’s (RGTI) robust cash position has become one of its most significant competitive advantages as the quantum computing race intensifies across the sector. The company exited the second quarter of 2026 with $541.3 million in cash, cash equivalents and available-for-sale investments while carrying absolutely no debt on its books. This financial flexibility gives Rigetti…
Infleqtion (NYSE: INFQ) stock is climbing 6% to $14.32 in early Thursday trading after confirming a $20 million follow-on contract from NASA for quantum gravity sensor development. The award funds continued work on the Quantum Gravity Gradiometer Pathfinder, a mission led by NASA’s Jet Propulsion Laboratory to fly the world’s first space-based quantum gravity sensor….
Marvell Technology shares fell 6% to $235.20 in Friday morning trading, pulling back sharply after the company disclosed an expanded custom chip agreement with Alphabet’s Google. The stock’s drop came despite a 196% year-to-date advance through Thursday’s close, highlighting how quickly investor sentiment can shift on dilution concerns. The broader SOXX semiconductor ETF slipped only…
Good Good Golf’s commercial partnerships are collapsing rapidly following widespread backlash over a controversial advertisement featuring a man shoving a woman to the ground. Callaway (ELY) officially terminated its partnership with Good Good on Thursday, citing a video that it said “trivialized” violence against women. The advertisement, posted on August 21, showed Good Good founder…
U.S. District Judge Rita Lin ruled Thursday that the Trump administration illegally blacklisted AI company Anthropic, finding the government’s actions unconstitutional and without legal basis. The ruling, spanning 59 pages, determined the Pentagon’s decision to designate Anthropic as a supply chain risk was both unlawful and retaliatory in nature. “Though the Department of War is…
AST SpaceMobile (ASTS) shares climbed 3% on Thursday, snapping a three-session losing streak driven by fresh operational milestones from the satellite broadband company. Despite the single-day gain, ASTS remained down 11% for the week, putting the stock on pace for its worst weekly performance in more than a month. The rally followed the company’s announcement…