US Politics & Business News
Old North Action, a Republican-aligned super PAC, has cut $6.5 million in October advertising reservations in North Carolina, signaling a strategic reallocation of campaign resources. The move reflects a broader pattern of Republican outside groups reassessing their spending priorities as Senate battleground dynamics continue to shift heading into the election. By pulling significant ad money…
AST SpaceMobile (ASTS) is heading toward its worst weekly performance in over a month after B. Riley issued a significant downgrade on Friday, citing growing competitive threats. B. Riley downgraded ASTS to ‘Neutral’ from ‘Buy’ and cut its price target to $65 from $85, a reduction of more than 20% from its previous target. Despite…
IonQ (NYSE: IONQ) currently trades at $43.87, sitting nearly 50% below its 52-week high as losses widen and shareholders absorb significant dilution. Two sell-side firms, B. Riley Securities and Rosenblatt Securities, maintain a Street-high price target of $100.00, implying upside of 127.9% from current levels. The Wall Street average price target across 13 analysts stands…
Global defense spending is climbing sharply, driven by active conflicts, depleted weapons stockpiles, and surging government budgets across multiple nations. The 2027 National Defense Authorization Act proposes $1.1 trillion in U.S. defense and national security funding, a figure that could grow even larger. A separate $350 billion reconciliation package could push total American defense spending…
Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, says October offers investors a better entry point after September’s sharp cooldown. Rubner outlined three core reasons why investors should add exposure to U.S. stocks heading into the fourth quarter of 2026. His argument centers on cleared positioning, improving seasonality, and the return…
Representative Valerie Foushee of North Carolina has emerged as a key figure shaping how Democrats approach artificial intelligence policy heading into the 2026 midterms. Foushee, along with Representatives Josh Gottheimer of New Jersey and Ted Lieu of California, co-chairs the House Democratic Commission on AI, giving the trio significant influence over the party’s tech positioning….
The Department of Justice has formally accused the University of California, Los Angeles School of Law of illegally using race in its admissions process. Federal officials allege the school discriminated against white and Asian applicants in favor of Black and Hispanic students across multiple admissions cycles. The Trump administration has leveled similar allegations against UCLA’s…
President Donald Trump made unusually candid remarks about his own Senate endorsee Ken Paxton during multiple campaign stops across Texas and Oklahoma. Trump acknowledged that Paxton, the former Texas attorney general now running for the state’s open Senate seat, was “a little controversial,” a striking admission about a candidate he is actively supporting. The comments…
AST SpaceMobile (ASTS) shares rose 1% overnight Thursday after fresh regulatory filings revealed a new senior commercial executive and a substantial equity award. The filings identified Wayne Thorsen as AST SpaceMobile’s executive vice president and chief commercial officer, signaling a major leadership addition as the company advances toward full commercialization. A separate Form 4 disclosed…
D-Wave Quantum (NasdaqGS: QBTS) has appointed Bernard Gavgani as an independent director and a member of its Cybersecurity Committee, the company announced. Gavgani previously held senior technology and operations roles at BNP Paribas, giving him deep experience in enterprise IT management and risk oversight. His addition to the board signals a deliberate push by D-Wave…