US Politics & Business News
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.”…
A horse in Grant County, New Mexico has been confirmed infected with New World screwworm, just days before the state was scheduled to resume livestock imports from Mexico. The case marks the second confirmed screwworm infection in New Mexico since the flesh-eating parasite entered the United States in June from Mexico. The infected horse was…
InterDigital, Inc. (IDCC) has gained just 5.2% over the past year, a figure that looks weak against the broader industry’s growth of 24.7% over the same period. The underperformance is even more visible when compared with peers like AST SpaceMobile (ASTS) and Ericsson (ERIC), which gained 48.4% and 26.3% respectively during that stretch. However, the…
As the third quarter of 2026 nears its end, the selloff in pure-play quantum computing stocks looks increasingly like a valuation and commercialization reset across the sector. Since reporting second-quarter results, IonQ (IONQ) shares have declined 7.3%, reflecting growing investor frustration with the gap between technological milestones and financial returns. Direct peers Rigetti Computing (RGTI)…
RTX Corp (RTX) posted impressive second-quarter 2026 results, with adjusted earnings per share of $1.89 and revenue of $24.71 billion, both well above analyst estimates. The aerospace and defense giant’s backlog surged 22% year-over-year to $289 billion, a figure that immediately grabbed the attention of investors and Wall Street analysts alike. That massive backlog is…
RTX Corporation (RTX) closed the most recent trading session at $193.54, slipping 1.67% while major indexes posted meaningful gains across the board. The S&P 500 rose 1.14% on the day, while the Dow Jones Industrial Average climbed 0.61% and the tech-heavy Nasdaq added a strong 1.69%, leaving RTX notably behind the broader market. The defense…
Despite bold rhetoric from BRICS leaders at their latest summit, experts say the bloc’s push to move away from the U.S. dollar faces enormous structural and political obstacles. BRICS leaders used the summit to assert the need for greater use of local currencies in intra-BRICS trade, driven by frustration over geopolitical tensions, U.S. sanctions, tariff…