US Politics & Business News
Nearly four in ten retirees have deliberately spent less than they wanted to in retirement, just to keep their savings balance from shrinking, according to new research. A Greenwald Research survey of 2,210 adults between the ages of 45 and 79, each with at least $100,000 saved, found that only 28% were comfortable watching their…
Canadian wildfire smoke is blanketing major American cities, pushing Chicago, Detroit, and New York City among the most polluted locations on the planet today. Air quality alerts are currently in effect across at least 17 states, stretching from Minnesota to New Hampshire and south through Virginia, as dangerous smoke continues moving into the U.S. More…
Micron Technology (MU) has emerged as one of the most consequential stocks on Wall Street, drawing intense scrutiny from investors and analysts alike. Over the past 12 months, Micron shares have surged approximately 680%, dramatically outpacing every major U.S. index and all of the so-called Magnificent Seven stocks. That extraordinary run culminated on May 26,…
D-Wave Quantum (QBTS) continues to see growing interest in its Advantage2 annealing quantum computer system across both commercial and academic markets. During its May 2026 earnings call, management raised its annual outlook for system sales, now expecting to close 2 or 3 system deals per year. The company also confirmed that at least 2 system…
AST SpaceMobile (ASTS) shares plunged nearly 13% in after-hours trading after the company disclosed plans to raise significant new capital through convertible senior notes. The satellite communications company priced $1 billion of 1.625% convertible senior notes due 2034 in a private 144A offering set to settle around July 20. The initial conversion price was set…
Morgan Stanley has reaffirmed its confidence in Lloyds Banking Group PLC (NYSE: LYG), reiterating an overweight rating on the stock as of June 30. The investment bank also raised its price target on LYG to 135 GBp from 125 GBp, signaling continued optimism about the company’s financial trajectory. The upgraded price target reflects the bank’s…
Capital One upgraded Palo Alto Networks (PANW) to Overweight from Equalweight, lifting its price target to $421 from $307 on Thursday. The firm believes Palo Alto will benefit from AI in data center buildouts, increasing attack surfaces, budget shifts toward cybersecurity, and securing AI deployments. Capital One also upgraded Okta (OKTA) to Overweight from Equalweight,…
AST SpaceMobile (NASDAQ: ASTS) saw its shares fall sharply in after-hours trading following the pricing of a $1 billion private convertible senior notes offering due 2034. The satellite communications company priced the notes at an interest rate of 1.625%, setting terms that attracted immediate scrutiny from investors watching for potential share dilution. The notes carry…
Kratos Defense & Security Solutions (KTOS) is shifting its strategic focus toward manufacturing infrastructure investment rather than relying solely on advanced technology development. Management believes expanding production capacity now is critical to meeting anticipated demand from future U.S. and allied defense programs across multiple segments. The company is investing across Defense Rocket Systems, Turbine Technologies,…
SK Hynix, the world’s leading AI memory chipmaker, raised over $26 billion selling American Depositary Receipts priced at $149 each after its Korean shares more than tripled this year. The ADRs opened 14% above the offer price at $170 before ending their first trading day at $168, setting the stage for dramatic swings in the…