US Politics & Business News
Academic research suggests that stocks difficult to sell short are frequently mispriced and set up for long-term losses regardless of broader market conditions. A study titled “The Dynamics of Disagreement” forms the backbone of the analysis, drawing on research from scholars at three major institutions. Kent Daniel of Columbia Business School, a former co-chief investment…
Adult children caring for parents with dementia increasingly face a frustrating legal wall when trying to access physical stock certificates worth significant sums. A 91-year-old woman with dementia holds a stock certificate valued at approximately $100,000, but her family cannot access it because financial institutions require her signature. Banks and transfer agents are holding firm…
The Federal Reserve Bank of Kansas City’s annual symposium in Jackson Hole, Wyoming draws global economic leaders and policymakers every year to discuss monetary policy. Bank of America has labeled the conference a “key risk event” for financial markets, a designation that reflects the outsized influence the event can carry. Historical analysis shows the S&P…
SpaceX and Louisiana jointly announced “Starbase, Louisiana,” a massive $100 billion launch campus planned for Vermilion Parish on the state’s southwestern coast. The facility will be built on an 18-mile strip of Pecan Island, located southwest of Lafayette in a region of sensitive coastal wetlands and shoreline. At full build-out, the site will feature five…
D-Wave Quantum (QBTS) had one of the roughest starts imaginable when it went public in August 2022 through a reverse merger with a special purpose acquisition company, known as a SPAC. By the close of 2023, the quantum computing company had shed more than 90% of its value, leaving early investors nursing steep and painful…
Raytheon, a business unit of RTX (NYSE: RTX), has completed a major 17,000 square-foot expansion of its manufacturing facility in Forest, Mississippi. The $50 million capital investment is designed to boost production capacity for electronic warfare and radar systems critical to national defense programs. The expansion is expected to generate 100 high-skill jobs in the…
Cleveland Federal Reserve President Beth Hammack is renewing her push for higher interest rates, arguing the central bank remains too far from its inflation goal. Speaking from the Fed’s annual symposium in Jackson Hole, Wyoming, Hammack pointed to a report showing inflation running at around 3% on an annualized basis as evidence that action is…
CrowdStrike Holdings (CRWD) shares jumped more than 11% in extended trading after the cybersecurity giant delivered a record-setting fiscal second quarter that surpassed Wall Street expectations on every major metric. Revenue for the quarter ended July 31 climbed 26% year-over-year to $1.47 billion, topping the analyst consensus estimate of $1.44 billion by a comfortable margin….
Rocket Lab raised its offer for Iridium Communications by nearly 30% during negotiations, a significant jump that has drawn scrutiny from satellite communications consultant Tim Farrar. Farrar identified AST SpaceMobile as the most plausible company behind “Party B,” a mystery suitor that entered due diligence but withdrew without submitting a formal offer. The merger filing…
Wall Street is recalibrating its outlook on D-Wave Quantum (QBTS), with the stock’s fair value estimate edging down from US$36.84 to US$35.24. The modest reduction reflects shifting assumptions across revenue growth, profit margins, and valuation multiples that analysts use to frame the quantum computing company’s long-term upside. QBTS shares fell 9.51% as the updated estimates…