US Politics & Business News
Tesla (TSLA) shares fell 6% on Friday after the electric vehicle maker’s highly anticipated Cybercab launch failed to impress investors watching the robotaxi market closely. The sell-off erased a 5.4% gain Tesla had recorded on Thursday ahead of the event, leaving shares down 16% year to date through Thursday’s close. That year-to-date decline makes Tesla…
In San Diego’s Hillcrest neighborhood, business owners fed up with violent acts and hate crimes began paying roughly $400,000 annually for daily unarmed security patrols in 2024. The Hillcrest Business Association plans to add approximately $150,000 to its security budget next year to fund a second shift of guards in the area. “It’s about setting…
Meta (META) CEO Mark Zuckerberg held a previously unreported phone call with President Donald Trump last month to discuss plans for a national AI regulatory body. The call took place during the week of August 17, 2026, and was not made public until Politico’s West Wing Playbook broke the story more than two weeks later….
A group of Vietnam War veterans and an architectural historian are asking a federal court to block excavation for a proposed 250-foot triumphal arch in Washington, D.C. Veterans Michael Lemmon, Shaun Byrnes, and Jon Gundersen, joined by architectural historian Calder Loth, filed their emergency request for a temporary restraining order in federal court. The filing…
Former Labor Secretary Lori Chavez-DeRemer fostered a “toxic, intimidating and humiliating” workplace during her tenure leading the department, a new watchdog report has found. The Labor Department’s Office of Inspector General released its scathing findings Thursday, covering allegations that had swirled around Chavez-DeRemer since before her April resignation. Investigators interviewed at least 38 witnesses who…
A major analyst initiation from Berenberg sent two underperforming space stocks sharply higher in Wednesday morning trading, spotlighting a deepening fault line in sector valuations. AST SpaceMobile (NASDAQ: ASTS) surged 11% to $62.36, marking its sharpest single-session gain in weeks, while Planet Labs (NYSE: PL) climbed 5% to $20.14 on the same initiation coverage. Berenberg…
Long-time Chief Financial Officer John Markovich retired from D-Wave Quantum Inc. on September 2, 2026, marking a notable leadership shift at the quantum computing company. Senior vice president of finance Greg Golkov has stepped in as acting CFO and principal financial and accounting officer, effective immediately following Markovich’s departure. D-Wave emphasized that Markovich’s exit did…
TransDigm Group (TDG) is aggressively pursuing strategic acquisitions to broaden its proprietary aerospace portfolio and deepen its aftermarket capabilities across key segments. The company’s acquisition strategy centers on businesses offering highly engineered products, strong aftermarket potential, and attractive long-term financial returns for shareholders. In April 2026, TransDigm acquired Jet Parts Engineering and Victor Sierra Aviation…
Bloom Energy (BE) has officially been named to the S&P 500, joining a group of other companies set to enter the benchmark index. Index additions typically generate significant buying pressure as funds tracking the S&P 500 are required to purchase shares of newly included companies. Rocket Companies (RKT) and Affirm Holdings (AFRM) have been identified…
The U.S. labor market delivered a powerful surprise in August, adding far more jobs than economists predicted and signaling renewed hiring momentum heading into fall. Nonfarm payrolls rose a seasonally adjusted 162,000 for the month, blowing past the Dow Jones economist consensus estimate of just 53,000 new jobs. The unemployment rate held steady at 4.1%,…