US Politics & Business News
The United Kingdom’s economy has been outperforming expectations through the first half of 2026, but a darkening global backdrop threatens to reverse that momentum. Official data published Thursday showed the UK economy grew by 0.4% in the second quarter, following a stronger 0.6% expansion in the first quarter. Business investment rose 1.7% during the same…
In a fresh sign that inflation pressures may be cooling, the producer price index showed no change in July, defying expectations for a 0.2% gain. The Bureau of Labor Statistics reported Thursday that the PPI, a key measure of underlying wholesale inflation, was unchanged month over month after falling 0.1% in June. The June figure…
SpaceX (NASDAQ: SPCX) surged Wednesday after founder Elon Musk made a sweeping prediction about Starlink’s long-term dominance of global internet infrastructure. SPCX stock closed up 9.65% to $146.15, driven by comments Musk made during a company town hall meeting broadcast on X. The rally comes after a difficult stretch for the stock, which barely broke…
Infleqtion reported second-quarter results that reflect a pattern common among high-growth technology companies: losses deepening even as revenue climbs sharply higher. The quantum technology firm posted revenue of $12.6 million for the quarter, representing a 116% increase compared to the same period in the prior year. Despite that top-line beat against projections, Infleqtion reported a…
Raytheon parent RTX has drawn renewed investor attention after securing a $745 million Missile Defense Agency contract for Standard Missile-3 Block IIA interceptors. The contract also includes expanded U.S. production capacity, reinforcing RTX’s position as a central player in the country’s missile defense architecture. The deal arrives as RTX shares have shown strong momentum, with…
Billionaire investor Bill Ackman is buying back into Netflix after famously exiting the streaming giant at a steep loss just three months into his original position. Ackman’s Pershing Square Inc. disclosed the new Netflix stake in a semiannual report released Wednesday, revealing it held 3.15 million shares as of June 30, representing 4.9% of its…
Lenovo Group delivered a blockbuster fiscal year, reporting record annual revenue and sharply higher profit driven by surging demand for AI servers, AI-enabled PCs, and enterprise services. The world’s largest PC maker posted revenue of $83.1 billion for the fiscal year ended March 31, representing a 20% increase from the prior year period. Profit attributable…
After a parent dies, many American families face an unexpected and devastating financial threat from the government program that paid for their loved one’s care. Medicaid estate recovery is a federally mandated process that allows states to reclaim the costs of long-term care services from the estates of deceased recipients who were 55 or older….
Goldman Sachs expects the global space economy to reach $1.8 trillion by 2035, triggering fresh interest in publicly traded space sector stocks. SpaceX (SPCX), AST SpaceMobile (ASTS), Rocket Lab (RKLB), and Firefly Aerospace (FLY) all moved higher following the bank’s sweeping new report on Wednesday. On Wednesday, SPCX surged 10%, ASTS climbed 4%, and both…
Rigetti Computing (RGTI) is back in the spotlight after delivering second-quarter 2026 results that showed meaningful revenue growth alongside persistent financial losses. Revenues surged 185% year over year to $5.1 million, driven primarily by on-premises Novera QPU sales to commercial organizations. Management pointed to progress on the 108-qubit Cepheus-1 system, expanding customer engagement, and strategic…