US Politics & Business News
AST SpaceMobile (ASTS) has delivered a dramatic share price run over the past three years, putting serious pressure on questions about how much its net assets can justify. With such a sharp move already behind investors, the central debate now is whether the current valuation remains grounded in book value or has simply run ahead…
Defense contractor RTX Corp (NYSE: RTX) has retreated from a record high of $226.88 reached on August 10, putting its shares under modest pressure. The pullback has pushed RTX stock slightly below its long-term 260-day moving average, a key technical support level closely watched by analysts and traders. Despite dipping beneath that trendline, the stock…
The November-to-April period has historically been one of the strongest stretches of the calendar year for equity markets, delivering consistent gains for investors. This reliable seasonal pattern has long encouraged investors to increase exposure to stocks heading into the final months of each year. However, at least one proprietary strategist model is now signaling that…
The Trump administration is moving to cancel $810 million in congressionally approved federal funding through a controversial maneuver known as a pocket rescission. The move sidesteps congressional approval entirely, drawing sharp criticism from lawmakers on both sides of the aisle, including members of Trump’s own party. Republican Senator Susan Collins of Maine was among the…
President Trump on Monday forcefully denied a report from Axios claiming he offered Iran sanctions relief and unfrozen funds in exchange for nuclear concessions. Trump took to Truth Social to reject the story, calling it a fabrication designed to fuel what he described as media bias against his administration. “Axios just released a story that…
Pope Leo XIV has pushed back against efforts to dismiss artificial intelligence concerns, saying experts raising alarms about rogue AI deserve to be taken seriously. Speaking to reporters while departing France for Vatican City, the American pontiff addressed growing fears that AI software could spiral beyond human control. “If someone were to ask me, ‘Am…
Shares of AST SpaceMobile (ASTS) climbed 0.2% overnight after the company disclosed a new change-of-control severance plan covering its CEO and senior executives. The plan, adopted by the board’s compensation committee and disclosed in a Monday filing, covers CEO Abel Avellan along with the company’s president, executive vice presidents, and senior vice presidents. Under the…
Raytheon, a business unit of RTX (NYSE: RTX), has been awarded a five-year multi-year contract valued at up to $20.7 billion for production of AMRAAM missiles. The contract includes two option years and was awarded under the Department of War’s Arsenal of Freedom initiative, a program designed to accelerate domestic munitions output. The agreement follows…
SpaceX is no longer just a rocket company, and Wall Street analysts are increasingly focused on its fast-growing artificial intelligence infrastructure business. The company has been securing major AI compute deals that analysts believe could dwarf revenues from its core launch and satellite operations in the years ahead. TD Cowen projects that SpaceX’s terrestrial AI…
Advanced Micro Devices (AMD) has agreed to acquire World Labs, a San Francisco-based AI startup, in an all-stock transaction valued at approximately $8.2 billion. World Labs was founded by Fei-Fei Li, a Stanford computer science professor widely regarded as a pioneer in modern artificial intelligence and computer vision research. The company develops spatial-intelligence models capable…