US Politics & Business News
Mayor Zohran Mamdani’s office filed an appeal Tuesday after a Staten Island judge barred notices from being sent to homeowners affected by the pied-à-terre tax. The city invoked the “auto stay” provision, which under New York law allows implementation of the tax on second homes worth more than $5 million to continue while the ruling…
Lawyers for Sen. Roger Marshall (R-Kansas) have sent a cease-and-desist letter to his Democratic opponent Adam Hamilton over a campaign ad focused on medical debt lawsuits. The ad centers on Meischa Zimmerman, who claims she was arrested after failing to make a monthly payment of $50 toward her medical debt owed to Marshall. Marshall practiced…
Space-based infrastructure has moved from speculative theory to commercial reality, drawing investors toward high-growth pioneers like AST SpaceMobile (ASTS) and Firefly Aerospace (FLY). AST SpaceMobile trades at $59.40, down 2.62%, with a market capitalization of $18 billion, while Firefly Aerospace trades at $22.86, down 5.18%, with a market cap of $4 billion. AST SpaceMobile is…
IBM made a bold quantum computing promise a year ago, and the results delivered a complicated verdict that rewards careful reading of what actually happened. On September 29, 2025, a widely circulated article dubbed IBM the next Nvidia, projecting 1,000% returns driven by the company’s decades-long quantum computing investments and financial durability. Twelve months later,…
Collins Aerospace, a business unit of RTX (NYSE: RTX), has announced a multi-million-dollar expansion of its West Des Moines, Iowa manufacturing facility covering 14,000 square feet. The investment is designed to increase production capacity as demand grows across both commercial and military aviation programs served by the site. The West Des Moines facility specializes in…
SpaceX’s Starship rocket successfully reached orbit for the first time, marking a milestone that analysts say could dramatically reshape the company’s long-term valuation. Citi initiated coverage of SpaceX (SPCX) with a Buy rating and a $200 price target, implying roughly 25% upside by year-end for the private space company. The bank also outlined a longer-term…
Paramount Skydance Corp. has spent months in talks with investors over the debt package funding its Warner Bros. Discovery acquisition, and the delay is proving extremely costly. Growing fears about global inflation have pushed borrowing rates higher, meaning the company will pay hundreds of millions of dollars more annually in interest than it would have…
Sen. Cynthia Lummis (R-Wyoming) blocked a Senate resolution Tuesday that would have condemned federal spending on television ads promoting President Donald Trump’s policies. Lummis argued that previous presidents, including Bill Clinton, George W. Bush, Barack Obama, and Joe Biden, have each aired public service announcements using government resources. Democrats have expressed sharp outrage at Trump’s…
The Supreme Court has declined to intervene in the case of Christa Pike, allowing Tennessee to proceed with its first execution of a woman in 200 years. Pike, 50, was scheduled to be executed by lethal injection at 10 a.m. Wednesday at Riverbend Maximum Security Institution in Nashville, where she remains the only woman on…
Despite near-term obstacles, the S&P 500 and the Nasdaq are trading near their all-time highs as investors head into the final quarter of 2026. With markets elevated largely due to AI-driven momentum, some analysts suggest looking beyond the dominant tech trade for fresh opportunities. Stocks trading under $10 a share can offer compelling value, particularly…