US Politics & Business News
American consumers are being squeezed from two directions as rising oil prices and soaring Treasury yields compound the financial toll of the U.S. war with Iran. Crude prices have reaccelerated in recent weeks as fighting between the U.S. and Iran has intensified, pushing pump prices sharply higher across the country and draining household budgets at…
Ohio Republican Senator Jon Husted is facing a growing political problem over data centers, one that could define his 2026 Senate campaign in a deeply competitive state. Husted was appointed to the Senate seat by Republican Governor Mike DeWine in January 2025, filling the vacancy left by JD Vance when there was little political noise…
The House voted 220-204 on Tuesday to advance a Democratic-backed war powers resolution aimed at restricting President Donald Trump’s military operations against Iran. The measure marks the third time the chamber has passed such legislation since the conflict between the United States and Iran began. Seven Republicans broke with their party to support the resolution,…
El-Sayed, the Democratic Senate nominee in Michigan, fired back at Republican opponent Mike Rogers after Rogers skipped a scheduled debate. El-Sayed delivered a sharp quip in response, saying “the elephant was not in the room,” riffing on both the classic idiom and the Republican Party’s elephant symbol. The comment quickly drew attention as a pointed…
After a multiyear rally, booming space stocks have begun to collapse, dragging down even some of the sector’s most prominent names significantly. The Space Exploration Technologies IPO acted as a catalyst that sent many space-related stocks plummeting sharply, hitting investors hard across the board. AST SpaceMobile (NASDAQ: ASTS) has fallen 52% from its highs, while…
U.S. military officials publicly confirmed that Space Force personnel operate weapons in orbit, marking a significant shift in American space defense posture. The disclosure drew immediate investor attention to space-sector stocks, including Rocket Lab (RKLB), AST SpaceMobile (ASTS), Redwire (RDW), and SpaceX (SPCX). On Tuesday, Redwire (RDW) rose 2.5% and Rocket Lab (RKLB) gained 2%,…
On August 14, the Pentagon announced framework agreements with Boeing (NYSE: BA) and RTX Corporation (NYSE: RTX) to increase component production for SM-3 Block IIA and SM-3 Block IB interceptors. Both interceptor types serve as the foundation for the Aegis Ballistic Missile Defense System, the sea-based shield used by the US Navy to intercept incoming…
RTX posted second-quarter 2026 sales of $24.71 billion, marking a 14.5% year-over-year increase driven by 16% organic growth across its business segments. The company’s total backlog climbed to a record $289 billion, comprising $170 billion in commercial orders and $119 billion in defense orders, representing a 22% increase year over year. CEO Chris Calio described…
Indonesia has appointed its third finance minister in two years, intensifying investor scrutiny over the fiscal direction of Southeast Asia’s largest economy. President Prabowo Subianto fired Finance Minister Purbaya Yudhi Sadewa on Monday, replacing him with deputy Suahasil Nazara, who was sworn in within hours of Purbaya’s dismissal. The cabinet reshuffle arrives weeks after Bank…
The U.S. Senate moved forward on September 15, 2026, with a procedural vote on the Protect College Sports Act, formally known as S. 4668. Senators voted on a motion to invoke cloture on the motion to proceed to the bill, a critical step required to bring the legislation to the Senate floor for full consideration….