US Politics & Business News
The United Nations issued a stark warning Thursday that an intensifying El Niño climate event will persist until February 2027, threatening economies worldwide. UN Secretary General António Guterres declared that El Niño was being “supersized before our eyes,” signaling an escalating crisis with broad economic consequences. “The world is in the danger zone of extreme…
A Virginia Democratic lawmaker has disclosed that the FBI monitored his phone calls as part of a federal corruption investigation currently underway in the state. The revelation adds a significant new dimension to a probe that has already drawn considerable public attention in recent weeks across Virginia and Washington. FBI agents searched the office of…
Maryland’s Supreme Court ruled Thursday evening to keep a Democrat-led redistricting referendum on the state’s November ballot, though with revised wording. The ruling overturns a lower court’s earlier decision to block the proposed ballot question, marking a significant win for Democrats seeking to reclaim House seats. If approved by voters, the state constitutional amendment would…
President Trump on Thursday sharply condemned the Missouri Supreme Court after it unanimously blocked new congressional district lines designed to benefit Republicans. The court ruled that the redrawn map, which had already been used in the state’s primary elections, “did not go into effect and will not go into effect” without voter approval. The ruling…
AST SpaceMobile (ASTS) has shed more than half its value from its 52-week high, raising questions about whether the market has moved too aggressively against the company. A stock falling 50% does not automatically make it a compelling opportunity, since a stock that has dropped that far can always fall another 50% from there. What…
AST SpaceMobile (ASTS) shares jumped nearly 10% to $61.22 on Wednesday, marking the stock’s strongest single-day performance in roughly a month. The rally was driven by two catalysts: a bullish initiation from investment firm Berenberg and a fresh share purchase by early investor and board member Adriana Cisnero. According to a regulatory filing, Cisnero purchased…
Snowflake (SNOW) shares rocketed 23.9% in pre-market trading to $379.07, following a fiscal second-quarter 2027 earnings report that crushed analyst expectations across every major metric. Adjusted earnings per share came in at $0.62, well above the $0.45 consensus estimate, signaling that Snowflake’s profitability trajectory is accelerating faster than Wall Street anticipated. Total revenue of $1.55…
The August jobs report, due Friday, is expected to cap off one of the weakest summers for job creation in recent memory. The Bureau of Labor Statistics report is projected to show nonfarm payrolls grew by just 53,000, according to the Dow Jones consensus estimate. Even with that sluggish pace, economists expect the unemployment rate…
The Alliance for Automotive Innovation is pushing congressional leaders to enact a sweeping permanent ban on Chinese-made cars, software, and hardware sold in the United States. The trade group, which represents virtually the entire U.S. auto industry, sent a letter Thursday to senior lawmakers demanding action before Congress adjourns its current legislative session on January…
Carlyle is expected to shelve plans to sell The Very Group after potential buyers, including JD.com, failed to meet the private equity firm’s £2 billion minimum asking price. The auction process, launched earlier this year, is now unlikely to proceed, leaving Carlyle as the owner of the British online retailer for the foreseeable future, according…