US Politics & Business News
The Pentagon will invest $1.5 billion into expanding semiconductor production in North Carolina, President Trump announced Tuesday at a midterm rally in Greenville. Trump framed the investment as a central part of his administration’s broader push to reshore critical manufacturing industries back to American soil. “The Department of War will be investing $1.5 billion dollars…
Ohio Republican gubernatorial candidate Vivek Ramaswamy confirmed Tuesday evening that his campaign produced a controversial attack ad targeting Democratic opponent Amy Acton. The one-minute ad features Acton’s biological mother, Donna Arthur, calling her daughter a “liar” and insinuating she suffers from mental health issues. Ramaswamy’s campaign acknowledged the spot began circulating on social media Monday…
AST SpaceMobile (ASTS) shares climbed overnight Tuesday after the company disclosed a new three-year employment agreement with CFO Andrew Johnson, drawing investor attention to his compensation structure. Johnson serves as the company’s executive vice president, chief financial officer, and chief legal officer, making his contract renewal a significant leadership development for the satellite connectivity firm….
D-Wave Quantum (QBTS) has fallen 70.8% over the past year, a stark contrast to the S&P 500’s 17.4% return over the same period. Despite the steep decline, investors continue to value QBTS at 353 times sales, compared with just 3.1 times for the broader index, reflecting enormous expectations for future revenue growth. The company expects…
Stocks opened mixed on Tuesday as semiconductor names reversed the prior session’s gains and crude oil prices surged to multi-month highs. Brent crude futures (BZ=F) hovered near $110 per barrel, reaching a five-month high following Houthi rebel attacks against Saudi Arabia amid the ongoing Middle East conflict. West Texas Intermediate (CL=F) traded just below $100…
Super Micro Computer (NASDAQ: SMCI) stock soared after the company unexpectedly raised its revenue and gross margin guidance for its fiscal first quarter of 2027. SMCI shares closed 17.23% higher at $37.55, with extended trading adding another 11.3% on top of that gain. The company filed an 8-K with the SEC disclosing a preliminary business…
The S&P 500 may be approaching a significant turning point, with analysts warning that a correction of as much as 15% could be on the horizon. History suggests that bull markets do not end with dramatic crashes but instead fade slowly, making the top difficult to identify in real time. As one market observer noted,…
Senate Republicans’ campaign arm borrowed $20 million in September, signaling financial pressure as the party confronts a difficult midterm election landscape. The National Republican Senatorial Committee incurred a $17 million loan on September 1 as part of the broader $20 million borrowing effort. The loans represent a significant cash infusion for the NRSC as it…
The Trump administration is taking a calculated gamble, relying on existing criminal and civil laws to hold artificial intelligence developers accountable as AI systems grow more unpredictable. Rather than pushing for new AI-specific legislation, the White House has directed its so-called “Super Intelligence (SI) Force” to apply laws already on the books. The SI Force…
Major UK banks are blocking or restricting customer transfers to cryptocurrency platforms, generating more than 10,000 formal complaints in just three months. A report from Stand With Crypto UK, an advocacy group backed by Coinbase (NASDAQ: COIN), found that 10,092 complaints were filed between May and August 2026. The complaints came from customers who said…