US Politics & Business News
The U.S. government has refunded roughly $100 billion in tariff revenue to corporations after the Supreme Court struck down President Trump’s “Liberation Day” tariffs earlier this year. The Supreme Court ruled in February 2026 that the tariffs, imposed under the International Emergency Economic Powers Act, were not authorized by that law. The invalidated program had…
RTX (RTX) has reported a record-high backlog of $289 billion, a figure that underscores the company’s dominant position across both commercial aerospace and defense markets. The backlog grew 22% year over year and 6% sequentially, reflecting surging demand that continues to outpace the company’s already substantial sales volumes. Of the $289 billion total, roughly $170…
D-Wave Quantum (NASDAQ: QBTS) shares climbed 2% on Friday after BMO Capital Markets initiated coverage with a bullish rating and a significant price target. BMO Capital assigned an Outperform rating to QBTS alongside a $35 price target, implying approximately 85% upside from the stock’s latest closing price. BMO analyst Harsh Kumar identified D-Wave as relatively…
Kratos Defense & Security Solutions (KTOS) appears to be crossing a meaningful threshold in its development, moving from defense technology developer toward a full-scale production platform. The company’s consolidated backlog climbed to $2.08 billion, while second-quarter bookings reached $492.2 million, signaling robust and sustained demand from defense customers. Over the trailing 12-month period, total bookings…
Zames, a former JPMorgan Chase (JPM) executive, is joining the Social Security Administration in an unpaid advisory role starting this week. He will work alongside Frank Bisignano, the current Social Security commissioner and former JPMorgan colleague, to help modernize the agency’s outdated systems. Zames is set to begin at Social Security Administration headquarters in Baltimore,…
Treasury Secretary Scott Bessent made a surprising move this week to intervene directly in Treasury markets, aiming to lower the cost of government debt. Experts say the intervention represents a significant shift toward a newly activist posture from the Treasury Department under Bessent’s leadership. The maneuver has drawn sharp scrutiny from financial analysts who view…
Grandparents across the United States are increasingly using estate planning tools to encourage financial responsibility among younger generations before they receive inherited wealth. A rising trend among older Americans involves tying inheritance distributions to the completion of financial education courses or demonstrated money management skills. Estate planning attorneys report more clients asking how to legally…
AST SpaceMobile (ASTS) and Boeing (BA) both operate in aerospace, but the similarities between these two companies largely end there. AST SpaceMobile is building a first-of-its-kind satellite network designed to deliver cellular broadband directly to unmodified smartphones anywhere on Earth. The company represents a new breed of space-based connectivity infrastructure, targeting a global market of…
D-Wave Quantum (QBTS) shares surged 7.2% through 12:15 p.m. ET Friday after BMO Capital initiated coverage of the quantum computing company with a bullish rating. BMO Capital analyst Harsh Kumar assigned D-Wave an outperform rating, arguing the stock could climb from $20 to $35 within a year. Kumar described D-Wave as “a revolutionary quantum computing…
Rocket Lab Corporation (NASDAQ: RKLB) has secured a $266 million contract from the U.S. Space Force to provide around a dozen suborbital launches, with an option for more. This marks the largest launch contract award in the company’s history, with the first launch expected to take place by the end of 2026. The deal adds…