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Rhode Island Progressive David Morales Defeats Incumbent Providence Mayor Brett Smiley In Democratic Primary

Anthony SinclairSeptember 9, 202603 mins

Bernie Sanders-endorsed democratic socialist David Morales has defeated incumbent Providence Mayor Brett Smiley in Tuesday’s Democratic primary election. Morales, a Rhode Island state representative, ran a platform centered on rent stabilization, affordable housing expansion, and higher taxes on corporate landlords and polluters. The victory adds Providence to a growing list of cities where progressive democratic…

AST SpaceMobile (ASTS) Slides 24.4% Over Six Months As Execution Risks And Competition Mount

Thomas ShelterSeptember 9, 202605 mins

AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…

Rising Rate-Hike Odds Slam Quantum Computing Stocks, With IonQ (IONQ) Leading Sector Lower

Anthony SinclairSeptember 9, 202604 mins

Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…

GE Aerospace (GE) Acquires Consolidated Precision Products In $11.75 Billion Deal To Boost Casting Capacity

Thomas ShelterSeptember 9, 202603 mins

GE Aerospace (GE) has signed an agreement to acquire Consolidated Precision Products, known as CPP, from private investment firms Warburg Pincus and Berkshire Partners. The transaction is valued at approximately $11.75 billion in total, structured using $7 billion in cash with debt covering the remaining consideration. CPP, headquartered in Cleveland, Ohio, specializes in producing precision-engineered…

Crown Royal (DEO) Poised To Dodge Trump’s Canadian Alcohol Import Ban

Anthony SinclairSeptember 9, 202604 mins

Diageo’s Crown Royal whisky brand appears positioned to sidestep a sweeping U.S. import ban on Canadian alcoholic beverages, thanks to its American bottling operations. President Trump signed an executive order banning the import of wine, spirits, and beer from Canada into the U.S., taking effect September 29, deepening an already bitter trade dispute. The ban…

Young Americans Find Traditional Wealth-Building Paths Increasingly Out Of Reach

Thomas ShelterSeptember 9, 202604 mins

A growing number of young Americans say the classic formula for financial success is no longer working the way previous generations experienced it. Generation Z and younger millennials are finding it harder than ever to achieve financial stability through education, stable employment, and homeownership. Rising living costs, unaffordable starter homes, mounting consumer debt, and the…

Lawmakers Face Pressure To Act After AI Researcher Quits Anthropic Over Extinction Fears

Anthony SinclairSeptember 9, 202603 mins

Congressional lawmakers are facing mounting criticism for failing to address artificial intelligence risks after a prominent researcher made a dramatic public exit. Jacob Coxon resigned from AI lab Anthropic, saying he no longer believed it was possible to safely develop the technology being built there. Coxon announced on X that he quit because both Anthropic…

Survey Finds Most Americans Have Little Faith In Federal Government Information

Thomas ShelterSeptember 9, 202603 mins

A new poll reveals that Americans are growing increasingly skeptical of information released by the federal government, with majorities expressing low levels of trust. The Associated Press-NORC Center for Public Affairs Research and USAFacts conducted the survey, releasing their findings on Wednesday to broad public attention. The results paint a stark picture of the relationship…

Midterm Elections Will Not Heal America’s Deepening Political Divisions

Anthony SinclairSeptember 9, 202604 mins

Political experts and commentators are increasingly skeptical that any election cycle alone can resolve the structural fractures running through American society today. A recent opinion piece in The Hill argues that midterm elections will not end political threats, heal the nation’s divisions, or restore a meaningful sense of civic civility. The core argument is straightforward:…

Anthropic Researchers Say Out-Of-Control AI Poses Extinction-Level Risk This Decade

Thomas ShelterSeptember 9, 202604 mins

Three researchers at Anthropic have gone public with stark warnings that artificial intelligence development could destroy humanity before the end of this decade. Anthropic researcher Jacob Coxon, 27, announced his resignation, citing his refusal to contribute to a competitive race where firms prioritize speed over ensuring humans maintain control of advanced AI systems. Coxon wrote…