US Politics & Business News
Infleqtion (NYSE: INFQ) stock is climbing 6% to $14.32 in early Thursday trading after confirming a $20 million follow-on contract from NASA for quantum gravity sensor development. The award funds continued work on the Quantum Gravity Gradiometer Pathfinder, a mission led by NASA’s Jet Propulsion Laboratory to fly the world’s first space-based quantum gravity sensor….
Marvell Technology shares fell 6% to $235.20 in Friday morning trading, pulling back sharply after the company disclosed an expanded custom chip agreement with Alphabet’s Google. The stock’s drop came despite a 196% year-to-date advance through Thursday’s close, highlighting how quickly investor sentiment can shift on dilution concerns. The broader SOXX semiconductor ETF slipped only…
Good Good Golf’s commercial partnerships are collapsing rapidly following widespread backlash over a controversial advertisement featuring a man shoving a woman to the ground. Callaway (ELY) officially terminated its partnership with Good Good on Thursday, citing a video that it said “trivialized” violence against women. The advertisement, posted on August 21, showed Good Good founder…
U.S. District Judge Rita Lin ruled Thursday that the Trump administration illegally blacklisted AI company Anthropic, finding the government’s actions unconstitutional and without legal basis. The ruling, spanning 59 pages, determined the Pentagon’s decision to designate Anthropic as a supply chain risk was both unlawful and retaliatory in nature. “Though the Department of War is…
AST SpaceMobile (ASTS) shares climbed 3% on Thursday, snapping a three-session losing streak driven by fresh operational milestones from the satellite broadband company. Despite the single-day gain, ASTS remained down 11% for the week, putting the stock on pace for its worst weekly performance in more than a month. The rally followed the company’s announcement…
IonQ (IONQ) shares plunged 42.9% between late May and late August 2026, falling from $70.14 to $40.03 while the S&P 500 gained 1.5% over the same period. The decline was not driven by weak quarterly results, as IonQ actually posted the strongest quarter in its history during the same window. Second-quarter revenue reached $80.1 million,…
Boeing (BA) shares are trading at $212.09, down 6.5% over the past year while the broader S&P 500 returned a robust 20.3% over the same period. The gap between Boeing’s stock performance and the index tells only part of the story, as the actual margin picture underneath the recovery narrative is more complicated than headline…
Salesforce (CRM) shares rocketed 20% after the company reported earnings that sent a powerful signal across the broader software industry. The results demonstrated that artificial intelligence is not cannibalizing traditional software businesses, easing a fear that has weighed heavily on the sector for months. Investors had grown increasingly anxious that the rise of generative AI…
Nvidia is emerging as one of the most closely watched companies on Wall Street after delivering another round of blockbuster quarterly results that stunned analysts. The chipmaker reported fiscal second-quarter 2027 revenue of $92.22 billion, a staggering 106% surge compared to the same period a year ago. Data center sales, Nvidia’s largest and most critical…
Marvell Technology (MRVL) shares fell 1.5% in extended trading Thursday despite the semiconductor company delivering second-quarter results and guidance that topped Wall Street expectations. The company posted record fiscal second-quarter revenue of $2.739 billion, up 13% from the prior quarter and 37% compared to the same period a year earlier. Non-GAAP earnings per share came…