US Politics & Business News
Despite a rocky six months, Lockheed Martin (NYSE: LMT) closed its most recent session at $586.29, even as the average Wall Street price target sits at $628.21. That consensus target implies roughly 7% upside from current levels, but Seaport Global analyst Richard Safran believes the stock is worth considerably more. Safran lifted his price target…
Buying a brand-new car in America has become a luxury increasingly reserved for the country’s highest earners, with the wealth gap reshaping the auto industry. Families earning $150,000 or more per year now account for 43% of all new cars sold in the United States, a striking jump from one-third of all sales recorded in…
Treasury Secretary Scott Bessent is defending Federal Reserve Chair Kevin Warsh amid growing market turbulence over the central bank’s new communications approach. Bessent said Warsh is under no pressure to cut interest rates, signaling the administration’s confidence in the newly installed Fed chief despite rattled investor sentiment. At the center of the debate is Warsh’s…
August has historically delivered surprising gains for equity markets, and analysts suggest several converging forces could push stocks meaningfully higher this month. Investors are watching closely as a combination of macroeconomic signals, corporate earnings momentum, and shifting Federal Reserve expectations create a potentially favorable backdrop for equities. The Federal Reserve’s interest rate posture remains one…
Shares of AST SpaceMobile (ASTS) climbed to their highest level in nearly three weeks on Monday, rising 8% to $63.52 and marking a third consecutive session of gains. The rally was fueled by a Meta Platforms executive publicly outlining a vision for delivering WhatsApp through AST SpaceMobile’s satellite network to users around the world. Vinod…
AstraZeneca and Bristol Myers Squibb have held preliminary discussions about a potential merger that would create one of the largest pharmaceutical companies in the world. The Financial Times first reported the talks, citing people familiar with the matter, noting that a deal could solidify, break down, or face significant delays. Reuters later confirmed some details…
The battle for premium large-format screens is intensifying as two blockbusters compete for the same IMAX auditoriums across North America this summer. Sony’s Spider-Man: Brand New Day was initially shut out of IMAX screens during its opening weekend due to Christopher Nolan’s The Odyssey occupying virtually every available auditorium. The Odyssey’s dominance stems from Nolan’s…
D-Wave Quantum shares climbed after the company announced a new deal with Nasdaq Verafin aimed at improving financial crime detection capabilities. The partnership pairs D-Wave’s quantum computing technology with Verafin’s established financial crime management platform, which operates under the Nasdaq (NDAQ) umbrella. Financial crime detection has become an increasingly urgent priority for banks and financial…
Retirement planning decisions carry enormous long-term consequences, and few choices are more financially significant than buying a home outright with cash late in life. For retirees sitting on substantial savings, the temptation to eliminate a mortgage payment entirely by purchasing a home with cash can feel like a smart, stress-free move. However, financial planners consistently…
A 63-year-old semiretired physician has sparked debate by questioning whether high-net-worth Americans should opt out of Social Security entirely. The physician, writing to MarketWatch’s “Dear Quentin” advice column, says they have accumulated $2 million in retirement savings over their career. The letter writer states: “I am a 63-year-old semiretired physician. Years ago I said that…