US Politics & Business News
August wholesale prices climbed 0.4% on a seasonally adjusted basis, matching the Dow Jones consensus and reinforcing concerns about persistent inflation in the U.S. economy. The Bureau of Labor Statistics reported that the producer price index, a key measure of final demand costs for goods and services, held pace with expectations for the month. On…
CMS Administrator Dr. Mehmet Oz has publicly stated his desire for Senator John Fetterman to abandon the Democratic Party and become a Republican. Oz, who lost to Fetterman by five points in Pennsylvania’s 2022 Senate race, made the comments during an appearance on Harry Cole’s podcast, “Harry Cole Saves the West.” “I want everyone in…
Vice President JD Vance delivered a rousing keynote address at the Republican National Committee’s Dallas convention, fueling growing speculation about his 2028 presidential prospects. The Thursday night speech was interrupted at one point by chants of “48,” signaling that many in the GOP base are already looking beyond the upcoming midterms. Vance used the moment…
Rocket Lab (RKLB) CEO Peter Beck is cautioning investors that surging enthusiasm across the AI and space sectors may not be sustainable. Beck described the current market environment as “piping hot,” warning that ballooning valuations across both industries could eventually collapse under their own weight. Speaking to Newstalk ZB, Beck acknowledged that his company’s fundamentals…
Three of the quantum computing industry’s most prominent pure-play companies now count the U.S. federal government among their official backers. Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT) each finalized funding agreements with the U.S. Commerce Department, securing up to $100 million apiece under the CHIPS Act. The funds are earmarked specifically for research…
RTX Corporation (RTX) has been drawing significant attention from investors, making it worth examining the key factors that could shape its near-term performance. Shares of the aerospace and defense company have returned -11.3% over the past month, compared to the Zacks S&P 500 composite’s -1.4% decline over the same period. The broader Zacks Aerospace –…
Oracle topped Wall Street expectations for first-quarter revenue and raised its annual profit forecast, driven by surging enterprise demand for AI-powered cloud services. The company reported fiscal first-quarter results that beat analyst estimates, sending Oracle stock up 7% in after-hours trading on the strength of its cloud business. Cloud infrastructure revenue more than doubled during…
The 2026 midterm elections are shaping up to be a defining test for Republican control of the Senate, with party insiders weighing both opportunities and vulnerabilities across the national map. Republicans are encountering early headaches in several Senate races viewed as pivotal to maintaining the party’s majority heading into November’s midterm elections. Recruitment failures, open…
President Trump is signaling a willingness to work across the aisle, even as he promises to aggressively fight Democratic efforts should Republicans lose their congressional majorities. Trump made the comments during an interview with Fox News host Laura Ingraham on “The Ingraham Angle,” outlining his strategy for navigating a potential power shift in Washington. The…
Mortgage rates climbed for the third consecutive week, driving the average long-term U.S. home loan rate to its highest point in more than 14 months. The benchmark 30-year fixed-rate mortgage rose to 6.76% from 6.71% the prior week, according to mortgage buyer Freddie Mac, which reported the figures Thursday. One year ago, the average 30-year…