US Politics & Business News
The August jobs report, due Friday, is expected to cap off one of the weakest summers for job creation in recent memory. The Bureau of Labor Statistics report is projected to show nonfarm payrolls grew by just 53,000, according to the Dow Jones consensus estimate. Even with that sluggish pace, economists expect the unemployment rate…
The Alliance for Automotive Innovation is pushing congressional leaders to enact a sweeping permanent ban on Chinese-made cars, software, and hardware sold in the United States. The trade group, which represents virtually the entire U.S. auto industry, sent a letter Thursday to senior lawmakers demanding action before Congress adjourns its current legislative session on January…
Carlyle is expected to shelve plans to sell The Very Group after potential buyers, including JD.com, failed to meet the private equity firm’s £2 billion minimum asking price. The auction process, launched earlier this year, is now unlikely to proceed, leaving Carlyle as the owner of the British online retailer for the foreseeable future, according…
AST SpaceMobile (NASDAQ: ASTS) is one of the most polarizing and closely watched names in the market heading into late 2026. The company is building a space-based cellular broadband network designed to connect directly to unmodified, ordinary smartphones without any special hardware. Intraday shares surged 9.39% to $61.04, yet the stock remains down 23.17% year…
Quantum Computing Inc. (QUBT) is facing a critical profitability challenge even as its revenue growth has accelerated sharply over the past year. Second-quarter 2026 revenues surged to $5.6 million from just $61,000 in the year-ago period, yet the company still posted a gross loss of approximately $1.2 million. The gap between revenue growth and profitability…
RTX Corporation (RTX) has delivered a remarkable five-year return of 169.7%, yet current valuation signals are sending a notably mixed message to investors. A Discounted Cash Flow analysis points to meaningful undervaluation, while traditional earnings-based multiples suggest the stock is priced closer to fair value. The DCF model estimates an intrinsic value near $233 per…
Federal Reserve Chairman Kevin Warsh has moved quickly to reshape monetary policy since taking the helm on May 22, following his appointment by President Trump. Warsh has repeatedly talked up his commitment to fighting inflation, but Wall Street is growing impatient for concrete action to back up his hawkish rhetoric. His comments at a recent…
Federal Reserve Governor Christopher Waller said Thursday he is inclined to keep interest rates unchanged at the central bank’s September meeting, barring any surprise inflation data. Waller expressed confidence in current inflation trends, arguing that tariff impacts have likely been muted and higher energy prices have not significantly affected other parts of the economy. His…
Former Vice President Kamala Harris is brushing off calls from red-state Democrats asking her to stay away from their races ahead of the 2026 midterms. Harris spoke on MS Now’s State of Play with host Peter Alexander, initially joining to discuss journalist and feminist activist Gloria Steinem, who died Wednesday at age 92. Alexander pivoted…
Dolly Parton kept her cancer diagnosis a closely guarded secret before her death at age 80, her niece has confirmed publicly for the first time. Jada Star, 47, told Extra that the family made a deliberate decision to shield the beloved country icon’s health struggles from the public eye. “You know, we kind of kept…