US Politics & Business News
Wall Street’s biggest earnings day of the quarter arrives July 14, when five of the largest U.S. banks report results simultaneously before the market open. JPMorgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) will collectively set the tone for the entire Q2 2026 earnings season. Their combined…
Wall Street is witnessing an unusual shift in how analysts are revising their earnings estimates heading into the second quarter of 2026 earnings season. In a typical quarter, analysts lower their earnings estimates as the period progresses, reflecting the gap between initial optimism and corporate reality on the ground. This time, however, the opposite has…
AST SpaceMobile (ASTS) is pushing aggressively to expand its constellation of BlueBird satellites, with several already operating in orbit after a recent launch. The company successfully launched BlueBirds 8, 9, and 10 in June 2026, marking a meaningful step forward in its broader ambition to deliver space-based cellular broadband globally. AST SpaceMobile is now targeting…
The U.S. plans to spend $1 trillion on defense in 2026, with a 2027 funding request standing at approximately $1.5 trillion. If approved, that 2027 budget would represent the largest year-over-year increase in defense spending ever recorded in American history. Rising military budgets come amid escalating geopolitical tensions, including the ongoing U.S.-Iran and Ukraine-Russia conflicts…
The Zacks Aerospace-Defense industry continues to benefit from rising global defense spending, military modernization initiatives, and intensifying geopolitical tensions worldwide. Demand for advanced defense systems and long-term procurement programs is accelerating as governments prioritize national security investments across multiple regions. Commercial aviation adds another layer of opportunity, with global air passenger demand expected to more…
Redwire Corporation (RDW) has shed 28.8% over the past month, a stark contrast to peers and broader market benchmarks posting solid gains during the same period. The Zacks Aerospace-Defense industry grew 4.3% during that stretch, while the broader Zacks Aerospace sector gained 3.8%, leaving RDW well behind both benchmarks. Even the S&P 500 managed a…
The question of when to claim Social Security benefits is one of the most consequential financial decisions Americans face as they approach retirement age. Conventional financial wisdom has long urged workers to delay claiming Social Security until age 70, when monthly benefits reach their maximum possible payout under current rules. Waiting until 70 can increase…
AST SpaceMobile (ASTS) and Space Exploration Technologies Corp. (SPCX) are locked in a fierce battle to dominate the rapidly expanding low-Earth orbit satellite connectivity market. Both companies are building LEO satellite networks designed to deliver broadband and direct-to-device mobile connectivity to consumers and businesses worldwide. AST SpaceMobile is developing what it describes as the world’s…
IQM Quantum Computers, the Finland-based superconducting quantum computing firm, has officially begun trading on the Nasdaq Global Select Market under the ticker IQMX. The listing follows a completed business combination with Real Asset Acquisition Corp., making IQM the first European quantum computing company to trade on a major U.S. exchange. IQM received approximately 198.7 million…
Zacks Equity Research has spotlighted three major aerospace and defense companies as strong buys, citing powerful industry tailwinds heading into the back half of 2026. The firms identified are GE Aerospace (GE), RTX Corp. (RTX), and General Dynamics (GD), all of which carry a Zacks Rank #2 (Buy) rating. The Zacks Aerospace-Defense industry continues to…