US Politics & Business News
GE Aerospace (GE) shares have dropped 15% over the past three months, underperforming the S&P 500, which gained 3.2% during the same period. The broader industry fell 14.9%, with peers RTX Corporation (RTX) and L3Harris Technologies (LHX) declining 6% and 18.6%, respectively, over the same timeframe. GE closed most recently at $305.62, sitting below its…
India’s central bank raised its benchmark interest rate by 25 basis points on Wednesday, joining a wave of global tightening to combat mounting inflation pressures. The Reserve Bank of India lifted its key repo rate to 5.50%, reaching a one-year high in a move that aligned precisely with expectations from economists polled by Reuters. RBI…
Sen. Chris Murphy is making an aggressive play for Democrats in the final stretch before Election Day, with a sweeping multistate campaign tour. The Connecticut Democrat told reporters he plans to travel extensively over the coming weeks, hitting key battleground states across the country. Murphy’s first stop will take him to North Carolina and Florida…
Some American households will pay dramatically more to heat their homes this winter, while others may see modest savings, according to a new federal government report. The U.S. Energy Information Administration released its Winter Fuels Outlook this week, projecting heating costs across four major fuel types and accounting for anticipated temperatures nationwide. The report finds…
The DEA is moving to temporarily classify four synthetic kratom-derived compounds as Schedule I substances under the Controlled Substances Act. The targeted compounds are 7-hydroxymitragynine, known as 7-OH, mitragynine pseudoindoxyl, known as MGPI, along with MGM-15 and MGM-16, all derived from the kratom plant. Kratom itself is an herbal product sold legally over the counter…
Berenberg analyst Michael Filatov is making the case that SpaceX’s (SPCX) growing mobile ambitions could unexpectedly strengthen AST SpaceMobile’s (ASTS) position in the market. Filatov maintained a ‘Buy’ rating on ASTS following Grain Management’s agreement to sell its nationwide spectrum portfolio to SpaceX, subject to Federal Communications Commission approval. The deal involves up to 14…
Quantum computing may represent one of the most transformative technology shifts of the century, but that promise has not yet translated into investment confidence. McKinsey forecasts the quantum technology market could grow to be worth as much as $100 billion by 2035, making it a sector that investors simply cannot ignore. IonQ (IONQ), Rigetti Computing…
Major defense contractors locked in multibillion-dollar missile agreements this week, reflecting intensified U.S. efforts to rebuild weapons stockpiles strained by ongoing conflict in the Middle East. Boeing (BA) received a seven-year contract worth approximately $14.7 billion from Lockheed Martin (LMT) to increase production of seekers for PAC-3 Missile Segment Enhancement interceptors. These guidance components allow…
Global AI investment is poised to match or exceed the historic sums that built railroads, power grids, and telecommunications networks, the IMF’s top official said Wednesday. International Monetary Fund Managing Director Kristalina Georgieva delivered the warning at an event in Singapore, speaking ahead of upcoming IMF and World Bank annual meetings. Georgieva said artificial intelligence…
President Donald Trump traveled to Syracuse, New York, on Friday to stump for Republican gubernatorial nominee Bruce Blakeman in a race that highlights broader tensions within the GOP. Trump called on New Yorkers to remove Democratic Gov. Kathy Hochul and took direct aim at the state attorney general, calling her “totally corrupt sidekick, Letitia ‘Peekaboo’…