US Politics & Business News
S&P Dow Jones Indices has announced its latest round of changes to the S&P 500, with three new companies set to enter the benchmark index effective September 21, 2026. The additions will take effect prior to the open of trading on Monday, coinciding with the index’s scheduled quarterly rebalance. Bloom Energy (NYSE: BE), Everpure (NYSE:…
Whether a non-working spouse is entitled to a share of retirement savings is one of the most common and contentious questions in American divorce law. The answer depends heavily on which state the couple lives in, as marital property laws vary significantly across the country. In community property states, assets accumulated during a marriage are…
Senator Patty Murray, Vice Chair of the Senate Appropriations Committee, is leading a legislative push to financially penalize the White House for airing political advertisements funded by taxpayers. Murray and fellow Senate appropriators introduced the Penalties for Propaganda Act, a bill designed to cut the Office of Management and Budget’s budget by $20 million for…
New York Governor Kathy Hochul announced Thursday evening that she has appointed state Attorney General Letitia James as special prosecutor in a high-profile sexual assault case. The case centers on a former Cornell University student who alleges she was raped at a Chi Phi fraternity house near the Ivy League campus in October 2024. Hochul…
Lloyds Banking Group and Visa (V) have completed a live pilot testing stablecoin-based settlement for cross-border transactions, marking a significant step for both institutions. The seven-day pilot involved US dollar settlement obligations totalling $750,000, providing a real-world test of digital asset infrastructure at scale. Lloyds used USDC purchased through Archax, a UK-regulated digital asset exchange,…
AST SpaceMobile, Inc. (ASTS) closed Thursday’s trading session at $57.04, falling 3.09% from the previous day’s close as broader markets pushed higher. The decline stood in sharp contrast to the S&P 500, which posted a daily gain of 0.2%, while the Dow Jones Industrial Average edged up 0.04%. The technology-centric Nasdaq also managed a gain…
Two quantum computing companies are competing for investor attention, but their financial profiles and technological approaches differ sharply from one another. IonQ (IONQ) has built its reputation on precision, using a trapped-ion quantum system designed to minimize the errors that plague much of the quantum computing industry today. Last year, IonQ demonstrated 2-qubit gate fidelities…
Raytheon, a business unit of RTX (NYSE: RTX), has been awarded a contract worth up to $24.4 billion to produce Standard Missile-6 interceptors for the U.S. Navy. The deal spans five years with two additional option years, making it one of the largest munitions contracts awarded to a single defense contractor in recent memory. The…
While high interest rates have drawn widespread criticism for squeezing borrowers and cooling the housing market, they carry a significant and often overlooked benefit for retirees. Elevated rates have dramatically improved the economics of guaranteed retirement income products, particularly annuities, which become cheaper and more generous when rates rise. When interest rates climb, insurance companies…
Buyers have stepped back into the Treasury market, pushing bond yields lower after a period of elevated pressure on fixed-income securities. The retreat in yields signals renewed demand for government debt, offering some relief to investors who have been navigating a volatile interest rate environment in recent months. Treasury yields and bond prices move in…