US Politics & Business News
U.S. District Judge Rita Lin ruled Thursday that the Trump administration illegally blacklisted AI company Anthropic, finding the government’s actions unconstitutional and without legal basis. The ruling, spanning 59 pages, determined the Pentagon’s decision to designate Anthropic as a supply chain risk was both unlawful and retaliatory in nature. “Though the Department of War is…
AST SpaceMobile (ASTS) shares climbed 3% on Thursday, snapping a three-session losing streak driven by fresh operational milestones from the satellite broadband company. Despite the single-day gain, ASTS remained down 11% for the week, putting the stock on pace for its worst weekly performance in more than a month. The rally followed the company’s announcement…
IonQ (IONQ) shares plunged 42.9% between late May and late August 2026, falling from $70.14 to $40.03 while the S&P 500 gained 1.5% over the same period. The decline was not driven by weak quarterly results, as IonQ actually posted the strongest quarter in its history during the same window. Second-quarter revenue reached $80.1 million,…
Boeing (BA) shares are trading at $212.09, down 6.5% over the past year while the broader S&P 500 returned a robust 20.3% over the same period. The gap between Boeing’s stock performance and the index tells only part of the story, as the actual margin picture underneath the recovery narrative is more complicated than headline…
Salesforce (CRM) shares rocketed 20% after the company reported earnings that sent a powerful signal across the broader software industry. The results demonstrated that artificial intelligence is not cannibalizing traditional software businesses, easing a fear that has weighed heavily on the sector for months. Investors had grown increasingly anxious that the rise of generative AI…
Nvidia is emerging as one of the most closely watched companies on Wall Street after delivering another round of blockbuster quarterly results that stunned analysts. The chipmaker reported fiscal second-quarter 2027 revenue of $92.22 billion, a staggering 106% surge compared to the same period a year ago. Data center sales, Nvidia’s largest and most critical…
Marvell Technology (MRVL) shares fell 1.5% in extended trading Thursday despite the semiconductor company delivering second-quarter results and guidance that topped Wall Street expectations. The company posted record fiscal second-quarter revenue of $2.739 billion, up 13% from the prior quarter and 37% compared to the same period a year earlier. Non-GAAP earnings per share came…
AST SpaceMobile and Firefly Aerospace represent two distinct bets on the future of commercial space, each burning cash while chasing very different revenue models. AST SpaceMobile (ASTS) is constructing a first-of-its-kind space-based cellular network designed to connect directly to standard mobile phones without specialized equipment. Firefly Aerospace (FLY) focuses on launch services, lunar missions, and…
Quantum Computing Inc. (QUBT) has attracted fresh analyst attention, with one price target set at $32 even as serious questions surround the company’s fundamentals. The stock gained 3.59% in recent trading, part of a broader rally across quantum-related names that also lifted peers including D-Wave Quantum (QBTS), which rose 2.23%. IonQ (IONQ) led the sector…
GE Aerospace (GE) reported an operating profit of $2.75 billion on a non-GAAP basis in the second quarter of 2026, marking an 18% increase year over year. Despite that earnings growth, the company’s non-GAAP operating profit margin came in at 21.7%, reflecting a decline of 130 basis points from the prior-year period. The margin compression…