US Politics & Business News
Las Vegas is experiencing the sharpest home price declines of any major American city, according to new data highlighting the depth of the housing market’s struggles in the desert. The average Las Vegas house price stood at $454,000 last month, reflecting a 1.4% decline compared to the same period one year ago. A Redfin report…
AST SpaceMobile (ASTS) drew renewed investor attention Wednesday after Scotiabank upgraded the stock and cited expanding satellite pipeline and telecom partnerships as proof of its “global reach and impressive technology.” Scotiabank upgraded ASTS to “Sector Perform” from “Underperform” and raised its price target to $50.80 from $41.20, describing the valuation as having entered a “grey…
D-Wave Quantum Inc. (NYSE: QBTS) snapped a three-day losing streak on Monday, surging as much as 19.6 percent to $19.39 per share following two major announcements. The quantum computing company confirmed it signed a commercial collaboration agreement with AT&T (NYSE: T) on the same day its shares were uplisted to the New York Stock Exchange….
RTX Corporation (RTX) has delivered a remarkable 181.5% return over the past five years, yet current analysis suggests the stock is now trading close to its fair value rather than offering a clear bargain. A Discounted Cash Flow model based on RTX’s projected future cash generation points to an estimated intrinsic value of approximately $232…
The Centers for Medicare and Medicaid Services has announced it will discontinue a key program that helped keep prescription drug premiums affordable for millions of Americans. The Part D Premium Stabilization Demonstration, launched in 2025, provided critical financial relief to beneficiaries enrolled in standalone Medicare prescription drug plans. CMS released preliminary technical Medicare Part D…
Bloom Energy (BE) reported its strongest quarterly sales result ever, with revenue surging 166% year-over-year to $1.07 billion for the second quarter ended June 30. The milestone marks the first time the fuel-cell power systems manufacturer has crossed the billion-dollar threshold in a single quarter. Wall Street had estimated approximately $834 million in revenue, meaning…
AST SpaceMobile, Inc. (ASTS) closed the most recent trading session at $56.55, registering a decline of 2.99% from the prior session’s closing price. The move contrasted sharply with the S&P 500, which posted a daily gain of 0.21% during the same period. The Dow Jones Industrial Average advanced 1.03% on the day, while the tech-heavy…
Semiconductor stocks and artificial intelligence names came under heavy pressure Monday following a dramatic trading debut by Chinese memory chip maker ChangXin Memory Technologies, known as CXMT. The major indexes slid as a chip stock selloff rippled across Wall Street, catching investors off guard with the scale and speed of the market reaction. Reports that…
Zacks Research Daily has released its latest analyst reports, spotlighting 16 major stocks including Alphabet Inc. (GOOGL), Advanced Micro Devices, Inc. (AMD), and RTX Corp. (RTX). Alphabet shares have outperformed the Zacks Internet – Services industry over the past year, gaining 67.3% compared to the industry’s 58.6% return. The company’s AI-led product cycle continues to…
Ford Motor (F) has matched rival General Motors by lifting its full-year earnings guidance, sending shares surging nearly 7% in after-hours trading Wednesday. The Detroit automaker reported second-quarter adjusted earnings per share of $0.42, topping Wall Street’s consensus estimate of $0.36, according to Bloomberg data. Ford posted Q2 automotive revenue of $44.89 billion, compared to…