US Politics & Business News
House Republicans have departed Washington for a seven-week pre-midterms recess, leaving behind a string of unresolved affordability concerns that could weigh heavily on the party heading into Election Day. A perfect storm of cost-of-living issues is developing for Republicans, and they have all but given up on passing legislation to address those concerns before November….
Lloyds Banking Group (NYSE: LYG) has unveiled its Accelerate 2030 plan, committing £13 billion in total cash investment over four years, or roughly £3.25 billion annually. Chief Financial Officer William Chalmers outlined the strategy at the Barclays Global Financial Services Conference, describing it as a direct evolution of the bank’s previous 2022–2026 plan. Chalmers said…
A securities class action lawsuit has been filed against AST SpaceMobile and several of its executives, putting the company’s investment narrative under fresh scrutiny. The suit alleges that the company made misleading statements about its capital strength, competitive position in satellite direct-to-cell services, and insider stock sales during the period between March 4, 2025 and…
D-Wave Quantum (NasdaqGS: QBTS) is navigating a turbulent stretch following its chief financial officer’s resignation and a disappointing revenue performance that fell short of expectations. Several shareholder rights law firms have launched investigations into potential securities law violations and possible misstatements made to investors by the company. The probes center on whether D-Wave Quantum’s disclosures…
RTX Corporation (NYSE: RTX) announced that its Pratt & Whitney division will invest $25 million to expand its manufacturing facility in Niepołomice, Poland. The Niepołomice site produces complex tubular assemblies for both military and commercial engines, supporting several key programs across the company’s portfolio. Engines supported at the facility include the F135, the Pratt &…
On Thursday, the House of Representatives passed the most sweeping Russia sanctions package Washington has assembled since the invasion of Ukraine, and sent it to a president who has wavered for years over whether to sign such things at all. The vote was 262 to 159, following an 86-to-11 landslide in the Senate in August….
Semiconductor stocks surged Thursday, extending a powerful recovery from a punishing selloff that rattled the sector earlier in the week. Intel (INTC) led the charge with an 8.6% gain after CEO Lip-Bu Tan made striking comments at a tech conference about the company’s manufacturing constraints. Tan told the conference that Intel can satisfy only about…
The 10-year Treasury note has logged its worst five-year return in more than a century, according to data from Goldman Sachs. A prolonged bond sell-off, driven by deep investor concerns over inflation and rising government debt, has sent shockwaves through financial markets globally. The turmoil is not confined to Wall Street, as rising yields are…
Ousted board members of the U.S. Institute of Peace have filed an emergency motion in a federal court in Washington to block the carving of President Donald Trump’s name into the building’s facade. The motion alleges that a contractor has already been selected to permanently engrave Trump’s name into the Constitution Avenue headquarters of the…
Sen. Thom Tillis (R-N.C.) is intensifying his calls for the removal of Defense Secretary Pete Hegseth, despite having voted to confirm him. Tillis delivered his sharpest remarks yet on Thursday, telling reporters, “He needs to go, whether it’s impeachment or the most expedient route — just the president to replace him — would be great.”…