US Politics & Business News
U.S. stock futures edged higher Wednesday morning as reports of a potential diplomatic breakthrough over the Strait of Hormuz lifted investor sentiment broadly. As of 4:00 a.m. ET, Nasdaq futures were up 0.1%, while S&P 500 (SPY) and Russell 2000 futures gained 0.4% and Dow futures rose 0.2%. Economist Ed Yardeni said his year-end S&P…
The Department of Defense has selected Lockheed Martin and Northrop Grumman to help accelerate production of key missile defense systems across the country. The Pentagon’s decision reflects growing urgency to replenish weapon stockpiles that have been drawn down significantly amid ongoing global security commitments and military aid programs. Lockheed Martin (LMT), one of the world’s…
Getting married later in life can carry significant financial consequences, particularly for those relying on government benefit programs tied to marital status. Two specific programs are at stake for a 67-year-old considering remarriage: Supplemental Security Income and divorced spouse Social Security benefits. Supplemental Security Income, commonly known as SSI, is a federal program administered by…
McDonald’s (MCD) is acknowledging that its recent value meal push created more confusion than customers among bargain-hungry diners across the United States. Company executives admitted the chain rolled out too many overlapping offers, including a $3-and-under menu and $5 bundled meal deals, muddling its overall message. The competing promotions left customers and franchise operators uncertain…
Wall Street is bracing for the historically weakest stretch of the calendar year, a period that has repeatedly tested investor nerve and portfolio resilience. The S&P 500 is moving into the August through October window, which has proven to be the most treacherous seasonal span for equities going back nearly a century. Since 1928, the…
AST SpaceMobile (ASTS) is scheduled to report its second-quarter 2026 earnings on August 10, after market close, with investors watching closely. The Zacks Consensus Estimate for revenues stands at $34.13 million, with an expected loss of 28 cents per share for the quarter. Over the past 60 days, the earnings estimate for ASTS for fiscal…
Retail traders are piling into AST SpaceMobile stock after SpaceX outlined plans to compete directly with major U.S. wireless carriers through a “true mobile service.” ASTS stock has risen for four consecutive sessions, marking its longest winning streak since May, as sentiment on trading platforms shifts decisively bullish. SpaceX President and COO Gwynne Shotwell confirmed…
Boeing (BA) surged 8.0% on Monday while defense peers RTX, LMT, and NOC posted gains of just 0.6% to 1.1%, signaling that company-specific news drove the move rather than broader sector sentiment. Two distinct catalysts separated Boeing’s session from its aerospace peers, neither of which had anything to do with macroeconomic tailwinds or defense spending…
Upstart Holdings (UPST) shares jumped 13% in after-hours trading following a second-quarter earnings report that broadly exceeded analyst expectations. The AI-powered lending marketplace reported revenue of $364.71 million, topping the analyst consensus of $347.18 million and marking a 42% increase year-over-year. That compares to $257 million in revenue generated during the same quarter a year…
Wall Street delivered a sweeping rally that pushed major indexes to record closing highs, rewarding investors who held their positions through weeks of turbulent momentum-driven selling. The Dow Jones Industrial Average surged 907.47 points, or 1.71%, closing at 54,085.88, as broad-based buying swept across sectors and lifted blue-chip names sharply higher. Caterpillar (CAT) led the…