US Politics & Business News
Federal Reserve Chair Kevin Warsh is set to testify before the House Financial Services Committee on July 14, followed by the Senate Banking Committee on July 15. The back-to-back appearances mark Warsh’s inaugural semiannual monetary policy address to Congress since taking over as Fed chair. It has been more than a month since Warsh assumed…
Labour’s Andy Burnham appears set to become the United Kingdom’s next prime minister after rapidly securing enough parliamentary support to succeed Keir Starmer as party leader. Burnham locked down backing from enough Labour MPs within just two days, effectively ending the leadership contest before any credible rival could mount a challenge. Despite the swift and…
AST SpaceMobile (ASTS) has been removed from the Russell 2500 Index, along with the Russell 2500 Growth and Russell 2500 Value benchmarks, a move that carries real consequences for index-linked investor positioning. The removal from major Russell benchmarks can trigger automatic selling from funds that track those indexes, adding technical pressure on top of existing…
D-Wave Quantum (QBTS) has surged 42.9% over the past year, dramatically outpacing both its industry peers and broader market benchmarks. The quantum computing company’s performance stands in sharp contrast to its industry’s 14.2% decline and towers over the S&P 500’s already-impressive 23.1% gain during the same period. D-Wave develops and delivers quantum computing systems, software,…
L3Harris Technologies (LHX) is aggressively expanding its footprint in the counter-unmanned systems market through a growing lineup of advanced drone defense technologies. As unmanned aerial systems proliferate across military and commercial sectors, L3Harris is positioning itself to meet demand with affordable, rapidly deployable solutions capable of detecting, tracking, and neutralizing drone threats. A centerpiece of…
Omnia Training has been awarded a £2bn contract by 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 Service, known as ACTS, in partnership with the British Army. Omnia Training is led by Raytheon UK, an RTX business, and…
The yen carry trade, once blamed for a dramatic global market selloff in 2024, has staged a powerful comeback and is reshaping currency markets worldwide. Goldman Sachs strategist Stuart Jenkins wrote in a recent report that betting on carry “bears more relevance in the Group of 10 foreign-exchange space than at almost any point since…
AST SpaceMobile (ASTS) has delivered extraordinary returns over the past three years, but questions about whether the stock’s current price reflects too much optimism are now front and center. The company has returned roughly 16x over the past three years, a performance that naturally draws attention to whether meaningful upside still remains for investors buying…
Quantum technology has firmly established itself as a top U.S. national security priority, drawing the direct attention of White House officials and industry leaders alike. The shift in Washington’s posture comes as China identified quantum computing as one of its seven future industries, raising alarms among American policymakers and defense strategists. A recent White House…
Rackspace Technology (RXT), an AI infrastructure solutions provider, saw its shares tumble roughly 25% on Thursday after the company significantly reduced its full-year financial guidance. The company cut its 2026 revenue outlook by $150 million, citing supply constraints, challenging industry conditions, and shifting internal resource priorities as key factors weighing on near-term performance. Rackspace now…