US Politics & Business News
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 6% to $20.22 in early Monday trading following a major contract announcement that extended Friday’s 8% rally. The company disclosed an authorization to proceed on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million from an undisclosed customer. Intuitive Machines will use its…
Global semiconductor sales hit $403.3 billion in the second quarter of 2026, a 35.1% jump from the previous quarter, according to the Semiconductor Industry Association’s August 2026 report. Strong demand across the Americas, Asia Pacific and China continues to fuel industry expansion, reinforcing semiconductors as a cornerstone of technological innovation and economic growth. The World…
Raytheon, an RTX (NYSE: RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy to sharply accelerate production of Tomahawk cruise missiles. The Department of War announced the award on Monday, marking one of the most significant long-range strike munitions contracts in recent U.S. defense history. The agreement was awarded through the…
The share of Americans working or actively seeking employment has dropped to its lowest level since the pandemic, raising alarms among economists and market watchers alike. The labor-force participation rate fell to 61.4% in July, according to the Bureau of Labor Statistics, matching levels last seen in February 2021. The total size of the American…
Wall Street bulls are pointing to strong corporate earnings growth as a fundamental pillar supporting equity markets hovering near record highs this season. Strategists at Goldman Sachs, led by Ben Snider, report that earnings per share growth for the second quarter is running at 31% year-over-year, even excluding “other income” tied to private investment stakes….
D-Wave Quantum Inc. (NASDAQ: QBTS) has appointed seasoned technology finance executive Kevan P. Krysler to its Board of Directors and Audit Committee, effective immediately. The company, which describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, announced the move on August 17, 2026. Krysler currently serves as chief financial…
The Affordable Care Act was designed to give Americans access to health insurance regardless of their employment status or financial situation. However, many families are discovering that ACA marketplace premiums can be surprisingly burdensome, even for those who earn little to no income. One parent raised a pointed question that many Americans quietly share: why…
Leopold Aschenbrenner, a former OpenAI researcher, built a hedge fund around a singular conviction that artificial superintelligence was coming faster than anyone realized. His fund, Situational Awareness, attracted roughly $225 million in seed funding from high-profile backers including Stripe co-founders Patrick and John Collison, former GitHub CEO Nat Friedman, and trading firm Jane Street. The…
D-Wave Quantum (NasdaqGS: QBTS) has entered a significant new partnership with Nasdaq Verafin to apply quantum computing directly to financial crime detection workflows. The collaboration focuses on deploying D-Wave’s quantum solutions to address complex financial crime analytics across the banking and financial services sector. This agreement marks a meaningful expansion of D-Wave Quantum’s commercial ambitions…
Billionaire hedge fund manager David Tepper’s Appaloosa Management closed out 12 positions entirely in its Q2 2026 13F filing submitted on August 14, 2026. The full exit list as of June 30, 2026 includes SanDisk (NASDAQ: SNDK), Corning (NYSE: GLW), PDD Holdings (NASDAQ: PDD), JD.com (NASDAQ: JD), and L3Harris Technologies (NYSE: LHX). Appaloosa also exited…