US Politics & Business News
Shares of AST SpaceMobile (ASTS) climbed 3% in premarket trading on Tuesday after Midland officials projected a 132% return on the city’s incentive investment tied to a major manufacturing expansion. The Midland Development Corporation approved a performance-based incentive package worth up to $66 million over 30 years to support AST SpaceMobile’s planned satellite production facility….
Quantum computing has emerged as one of the most exciting technological frontiers for investors following the artificial intelligence boom of recent years. Researchers at McKinsey estimate that quantum computing could create up to $2.7 trillion in economic value for companies worldwide by 2040, spanning industries from drug discovery to cybersecurity. D-Wave Quantum (NYSE: QBTS) has…
BOC Aviation Limited (HKEx: 2588) has confirmed an order for up to 220 Pratt & Whitney GTF engines to power as many as 110 Airbus (AIR.PA) A320neo family aircraft. The deal represents the largest order BOC Aviation has ever placed with Pratt & Whitney, underscoring the deepening relationship between the aircraft lessor and the RTX…
Beijing is weighing new restrictions on the export of artificial intelligence and semiconductor technologies, escalating an ongoing trade conflict with the United States. Chinese regulators, led by the Ministry of Commerce, have been consulting with top domestic AI and chipmaking firms about how to protect advanced technologies from Western acquisition. Representatives from Alibaba, ByteDance, and…
Fidelity’s annual Retiree Health Care Cost Estimate reveals that the average couple retiring today faces approximately $345,000 in after-tax healthcare expenses throughout retirement. That staggering figure does not include long-term care costs, which can add hundreds of thousands of dollars more to a retiree’s financial burden. For individual retirees, the estimate is roughly $172,500 per…
Reddit sentiment and retail conviction are clashing with market reality as Rocket Lab (NASDAQ: RKLB) endures one of its sharpest recent drawdowns. Shares of Rocket Lab closed most recently at $67.62, capping a punishing stretch that saw the stock fall 37.4% over the past month and 16.6% in the last week alone. Despite the recent…
The space sector’s post-IPO momentum has reversed sharply, with most retail-favorite space stocks deep in the red for July 2026. Viasat, Inc. (VSAT) and Iridium Communications, Inc. (IRDM) stand as the only two winners in the basket, gaining 8.4% and 4.1% respectively this month. The rest of the sector has been punished severely, with Rocket…
Retirement savers with substantial IRA balances often face a pivotal question about whether to tap those accounts for major purchases like real estate. A couple holding $8 million in traditional IRAs is considering whether to withdraw funds to buy a house, despite the significant tax consequences involved. Traditional IRA withdrawals are taxed as ordinary income,…
The rise of low-cost Chinese artificial intelligence models may paradoxically drive greater demand for semiconductors, benefiting chip giants like Nvidia (NVDA) and Micron (MU). The central argument draws on the Jevons Paradox, a 19th-century economic theory named for economist William Stanley Jevons that challenges conventional assumptions about efficiency and consumption. The paradox holds that when…
The gap between crude oil prices and refined gasoline costs, known as the “crack spread,” is once again drawing attention from consumers and analysts alike. The crack spread measures the margin between what refiners pay for crude oil and what they earn from selling refined products like gasoline to the market. When crude prices surge…