US Politics & Business News
AST SpaceMobile and Firefly Aerospace represent two distinct bets on the future of commercial space, each burning cash while chasing very different revenue models. AST SpaceMobile (ASTS) is constructing a first-of-its-kind space-based cellular network designed to connect directly to standard mobile phones without specialized equipment. Firefly Aerospace (FLY) focuses on launch services, lunar missions, and…
Quantum Computing Inc. (QUBT) has attracted fresh analyst attention, with one price target set at $32 even as serious questions surround the company’s fundamentals. The stock gained 3.59% in recent trading, part of a broader rally across quantum-related names that also lifted peers including D-Wave Quantum (QBTS), which rose 2.23%. IonQ (IONQ) led the sector…
GE Aerospace (GE) reported an operating profit of $2.75 billion on a non-GAAP basis in the second quarter of 2026, marking an 18% increase year over year. Despite that earnings growth, the company’s non-GAAP operating profit margin came in at 21.7%, reflecting a decline of 130 basis points from the prior-year period. The margin compression…
Academic research suggests that stocks difficult to sell short are frequently mispriced and set up for long-term losses regardless of broader market conditions. A study titled “The Dynamics of Disagreement” forms the backbone of the analysis, drawing on research from scholars at three major institutions. Kent Daniel of Columbia Business School, a former co-chief investment…
Adult children caring for parents with dementia increasingly face a frustrating legal wall when trying to access physical stock certificates worth significant sums. A 91-year-old woman with dementia holds a stock certificate valued at approximately $100,000, but her family cannot access it because financial institutions require her signature. Banks and transfer agents are holding firm…
The Federal Reserve Bank of Kansas City’s annual symposium in Jackson Hole, Wyoming draws global economic leaders and policymakers every year to discuss monetary policy. Bank of America has labeled the conference a “key risk event” for financial markets, a designation that reflects the outsized influence the event can carry. Historical analysis shows the S&P…
SpaceX and Louisiana jointly announced “Starbase, Louisiana,” a massive $100 billion launch campus planned for Vermilion Parish on the state’s southwestern coast. The facility will be built on an 18-mile strip of Pecan Island, located southwest of Lafayette in a region of sensitive coastal wetlands and shoreline. At full build-out, the site will feature five…
D-Wave Quantum (QBTS) had one of the roughest starts imaginable when it went public in August 2022 through a reverse merger with a special purpose acquisition company, known as a SPAC. By the close of 2023, the quantum computing company had shed more than 90% of its value, leaving early investors nursing steep and painful…
Raytheon, a business unit of RTX (NYSE: RTX), has completed a major 17,000 square-foot expansion of its manufacturing facility in Forest, Mississippi. The $50 million capital investment is designed to boost production capacity for electronic warfare and radar systems critical to national defense programs. The expansion is expected to generate 100 high-skill jobs in the…
Cleveland Federal Reserve President Beth Hammack is renewing her push for higher interest rates, arguing the central bank remains too far from its inflation goal. Speaking from the Fed’s annual symposium in Jackson Hole, Wyoming, Hammack pointed to a report showing inflation running at around 3% on an annualized basis as evidence that action is…