US Politics & Business News
Washington and Ottawa are engaged in urgent last-minute negotiations aimed at blocking scheduled 50% import taxes on roughly $20 billion in Canadian goods. President Donald Trump threatened the steep tariffs on Canadian exports including cement and hockey sticks, ratcheting up pressure on both governments to reach an agreement quickly. With less than two hours before…
A family is facing a deeply personal financial conflict after a 99-year-old grandmother reportedly decided to remove her daughter from her will. The situation has placed a grandchild in an uncomfortable position, uncertain whether stepping in would help resolve matters or make them significantly worse. Estate planning disputes within families are among the most emotionally…
The American Federation of Government Employees is pushing Congress to dramatically increase funding for the Social Security Administration amid a worsening staffing crisis. AFGE Council 220 President Jessica LaPointe called on lawmakers to approve $3 billion above current spending levels to hire an additional 20,000 SSA employees. LaPointe said the funding is needed “to begin…
Despite a roughly 15x gain over three years, D-Wave Quantum (QBTS) still registers as expensive rather than a bargain on standard valuation measures. The stock has delivered approximately 26.9% returns over the last year alone, adding further pressure on investors to assess whether current prices reflect too much optimism. On Simply Wall St’s broader checks,…
Despite record defense spending and active combat operations, most major defense contractor stocks have struggled to hold ground in recent trading sessions. Shares of 10 major defense contractors tracked by Barron’s were down an average of 17% since fighting started in Iran, a notable decline given the current war footing. Only two companies in the…
Wall Street’s largest hedge funds dramatically increased their exposure to Big Tech during the second quarter, doubling down on artificial intelligence as a generational growth driver. Firms including Bridgewater Associates, Tiger Global Management, and Discovery Capital led the charge back into technology stocks after months of hesitation. Earlier this year, bets on Big Tech had…
Shares of AST SpaceMobile (ASTS) climbed 1% overnight late Thursday after reports surfaced that the company and SpaceX (SPCX) are eyeing a massive low-band spectrum portfolio. Grain Management has asked interested parties to submit preliminary offers by the first week of September for 800 MHz licenses it recently acquired from T-Mobile. Bloomberg reported, citing people…
D-Wave Quantum (NasdaqGS: QBTS) has announced that NTT DOCOMO deployed a second production quantum application powered by D-Wave technology to optimize mobile network efficiency. The new deployment marks a meaningful expansion of real-world quantum computing use within the telecommunications sector, moving the relationship with DOCOMO well beyond initial pilots and proofs of concept. The application…
Honeywell Aerospace (HONA) received a significant vote of confidence from Wall Street on Wednesday as Morgan Stanley upgraded the stock to Buy from Hold. Morgan Stanley analyst Kristine Liwag made the call, signaling that the aerospace company’s recent share price decline has created an attractive entry point for investors. HONA shares have been under notable…
Moderna’s personalized mRNA cancer vaccine has shown success in a late-stage clinical trial, potentially transforming how doctors treat the deadliest form of skin cancer. The vaccine, developed in combination with Merck’s immunotherapy Keytruda, met its primary goals in the Phase 3 INTerpath-001 study involving more than 1,100 patients with higher-risk or advanced melanoma. Patients enrolled…