US Politics & Business News
D-Wave Quantum (NASDAQ: QBTS) shares tumbled 16.6% for the week ending Friday, August 28, 2026, sharply underperforming a broadly rising market. The steep decline stands in stark contrast to gains posted by major indexes, with the S&P 500 climbing 1.1% and the Nasdaq Composite rising 1.8% over the same period. The sell-off was triggered largely…
RTX Corporation (RTX) has surged back into investor focus after its Raytheon business secured a massive US$22.9 billion, seven-year contract from the U.S. military. The deal calls for a dramatic ramp in Tomahawk cruise missile production, scaling output from just 60 units annually all the way up to 1,000 units per year. RTX shares were…
Nvidia’s latest revenue forecast has left Wall Street analysts searching for explanations, with SpaceX increasingly cited as a significant factor behind the chipmaker’s surging numbers. The company projected third-quarter revenue of $108.0 billion, plus or minus 2%, comfortably ahead of analysts’ average estimate of $104.19 billion. That guidance followed a second quarter in which Nvidia’s…
Federal Reserve Chair Kevin Warsh has achieved something that has eluded many of his predecessors: a bond market that genuinely responds to and trusts his words. Warsh made a significant structural change to how the Fed communicates by eliminating forward guidance from Federal Open Market Committee statements entirely. The decision to strip out forward guidance…
AST SpaceMobile (ASTS) dropped 15.5% as of 2:14 p.m. ET on Friday, Aug. 28, 2026, bucking a broader market rally driven by macro concerns. The sell-off ran counter to the wider market, with the S&P 500 gaining 1.1% and the Nasdaq Composite advancing 1.8% over the same period. Fed Chair Kevin Warsh signaled that inflation…
Rigetti Computing (RGTI) sits roughly 71% below its 52-week high even after gaining 24.4% over the past month. The stock’s price-to-sales ratio stands at 410.2, compared to just 3.3 for the S&P 500 index, a gap that demands explanation. That multiple rests on only $13.4 million of trailing-twelve-month revenue, meaning the valuation prices an engineering…
RTX Corporation (RTX) has delivered a standout performance in 2026, separating itself from the broader aerospace sector by a significant margin. The company has returned approximately 15.6% since the start of the calendar year, well ahead of the average aerospace stock, which has lost about 1.2% over the same period. RTX belongs to the Zacks…
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…