US Politics & Business News
The producer price index fell 0.3% in June, defying the Dow Jones consensus estimate that called for the wholesale cost gauge to remain unchanged. The Bureau of Labor Statistics released the data on Wednesday, marking the second consecutive day of better-than-expected inflation readings for the U.S. economy. On an annual basis, the PPI still reflected…
Bell Canada has finished construction of its first sovereign direct-to-device satellite ground station, located in Quebec, marking a significant step toward nationwide connectivity. The facility connects with AST SpaceMobile’s (ASTS) growing constellation of satellites and has already begun active testing across a range of communication functions. Bell successfully completed integration testing that included text messaging,…
SpaceX (SPCX) made history when it went public on June 12 in the largest initial public offering ever recorded, debuting on the Nasdaq at $135 per share. The company, formally known as Space Exploration Technologies Corp., was immediately celebrated as the most valuable IPO in history upon its market debut. Shares initially surged as high…
Pratt & Whitney, a business unit of RTX (NYSE: RTX), is expanding its engine inspection operations through the acquisition of Amsterdam-based Aiir Innovations. The deal brings AI-assisted borescope software into Pratt & Whitney’s global maintenance, repair and overhaul infrastructure for commercial, civil and military engines. Borescope inspections involve inserting a camera into an engine to…
AST SpaceMobile (NASDAQ: ASTS), based in Midland, Texas, has been one of the most volatile space stocks trading on U.S. markets this year. The stock surged 59% to an all-time high on May 28 before enduring a series of double-digit swings in both directions throughout 2026. Shares climbed more than 35% from their one-month low…
AST SpaceMobile, Inc. (ASTS) closed Tuesday’s trading session at $68.82, advancing 1.83% from the prior day’s closing price. The move outpaced the S&P 500, which posted a modest daily gain of 0.38% during the same session. The Dow Jones Industrial Average edged up just 0.02%, while the tech-heavy Nasdaq Composite climbed 0.9% on the day….
Zacks Research Daily has released its latest batch of analyst reports, covering 16 major stocks across energy, finance, and technology sectors. Among the featured names are Chevron Corp. (CVX), TotalEnergies SE (TTE), and Robinhood Markets, Inc. (HOOD), alongside two micro-cap picks that rarely receive institutional coverage. Chevron shares have gained 26.2% over the past year,…
Wall Street is heading into the second-quarter earnings season with unusually high expectations, forecasting S&P 500 earnings growth of 26.2% year over year. That figure represents the strongest consensus growth forecast heading into any earnings season outside of post-recession recovery periods, making the bar exceptionally high. What makes this cycle even more striking is that…
China’s economy expanded just 4.3% in the second quarter of 2026, its slowest pace since the fourth quarter of 2022, missing analyst expectations and raising fresh concerns about the country’s growth trajectory. The figure fell short of the 4.5% growth forecast in a Reuters poll and marked a significant deceleration from the 5% expansion recorded…
Shares of AST SpaceMobile (ASTS) snapped a three-session losing streak on Tuesday after the company confirmed its next BlueBird satellite launch was “imminent.” ASTS stock climbed 2% during Tuesday’s session, with shares adding another 0.4% in overnight trading late Tuesday. The company announced on X that BlueBird 11 had arrived at Cape Canaveral, with two…