US Politics & Business News
California and six other states have filed a federal lawsuit challenging President Donald Trump’s cancellation of $810 million in congressionally approved spending. The lawsuit was filed in the U.S. District Court for the Northern District of California by California, Maine, Maryland, Michigan, Nevada, New Mexico, and Oregon. The states argue Trump’s use of a “pocket…
John Healey has summoned the bosses of Britain’s biggest banks to a pre-budget meeting amid intense industry fears of an imminent tax raid. Sky News reported that chief executives from Barclays, HSBC, Lloyds Banking Group (LLOY), and NatWest Group have been asked to attend a meeting with the chancellor next Tuesday. The bosses of Santander…
Rocket Lab (NASDAQ: RKLB) jumped 5% to $72.88 in morning trading after landing its largest-ever Electron launch contract alongside a fresh Wall Street initiation. The deal, struck with Tokyo-based Earth observation company Synspective, covers 20 new Electron missions in a multi-year agreement that sets a commercial record for the launch vehicle. The Synspective agreement makes…
D-Wave Quantum Inc. (NASDAQ: QBTS) has launched a gate-model quantum computing simulator beta program, marking a significant milestone in the company’s gate-model development roadmap. The Palo Alto-based company describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, software, and services to commercial and research customers. The beta program gives…
Raytheon, a unit of RTX (NYSE: RTX), has landed a multi-year AMRAAM missile production contract worth up to $20.7 billion from the federal government. The agreement is tied directly to the Department of War’s Arsenal of Freedom initiative, which is designed to accelerate delivery of advanced air-to-air missile systems. The multi-year award is structured to…
Goldman Sachs has added five companies to its Director’s Cut Conviction List as part of its latest update, signaling strong confidence in each addition’s market potential. The five newly added stocks are Amazon (AMZN), Burlington Stores (BURL), Huntington Ingalls (HII), Johnson Controls (JCI), and Occidental Petroleum (OXY), spanning a broad range of sectors. At the…
After selling TOMS Shoes for $400 million, Blake Mycoskie built one of the most recognizable consumer brands in modern history and gave away 100 million pairs of shoes to children in need. At what should have been the peak of his success, Mycoskie instead found himself feeling utterly empty, stripped of the purpose and community…
In a sharp and combative exchange, California Attorney General Xavier Becerra and Republican Steve Hilton faced off in a CNN debate Wednesday over the state’s gubernatorial seat. The debate, the first and only scheduled before ballots go out to California voters, covered immigration, the economy, and healthcare over the course of one hour. Hilton, a…
Indiana Gov. Mike Braun has extended a suspension of the state’s gasoline use tax, offering continued relief to drivers facing prices above $4 per gallon. The Republican governor originally announced the 30-day suspension as gas prices surged following the U.S.-Israeli conflict with Iran, which disrupted global oil markets significantly. Iran’s restriction of shipping through the…
AST SpaceMobile (ASTS) climbed over 1% overnight heading into Thursday after the company shipped three BlueBird satellites to Cape Canaveral and disclosed a key regulatory meeting. CEO Abel Avellan met with FCC Chairman Brendan Carr on Monday to push for expanded direct-to-device spectrum access, including the lower 6 GHz band. ASTS had fallen nearly 1%…