US Politics & Business News
A 57-year-old woman and her 61-year-old husband are semi-retired and working part time, but find themselves at financial odds over a pressing question. Over the past three years, the couple has drained much of their cash reserves paying for a new roof, home repairs, two used cars, and unexpected veterinary bills. Despite holding roughly $1.7…
On August 3, the Pentagon signed a deal worth more than $3 billion with Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) to accelerate Patriot and THAAD interceptor missile parts production. The agreement arrives as the conflict in Iran intensifies and the Ukraine war continues, placing significant strain on existing weapons stockpiles across the…
Congress has overhauled the rules governing charitable contributions, creating new opportunities and new limitations depending on how you file your taxes. The changes stem from the One Big Beautiful Bill Act, signed into law on July 4, 2025, with provisions taking effect for donations made during the 2026 tax year. For the first time, Americans…
Quantum computing companies including IonQ (IONQ) and Quantinuum have wrapped up their latest earnings season, revealing a sector that continues to build momentum despite persistent challenges. The results broadly showed that commercial traction across the quantum computing industry is growing, even as investors weigh near-term profitability concerns against long-term potential. IonQ (IONQ) shares moved higher…
Boeing (NYSE: BA) has signed seven-year framework agreements with the US Department of War and Raytheon, a business unit of RTX (NYSE: RTX), to expand production of key missile defense components. The agreements cover avionics and ejector assemblies for the Standard Missile-3, a sea-based interceptor engineered to neutralize missile threats operating outside the atmosphere. Production…
New federal guidelines are opening the door for working parents to reduce their taxable income while building long-term wealth for their children through Trump Accounts. The Treasury Department and IRS have proposed rules allowing employers to contribute up to $2,500 annually to Trump Accounts belonging to employees or their dependent children, tax-free. Employees would also…
Warren Buffett’s Berkshire Hathaway (BRK.B) has agreed to acquire homebuilder Taylor Morrison Home Corporation (TMHC) in an all-cash deal valued at approximately $8.5 billion, including debt. The purchase price of $72.50 per share represents a 24% premium over Taylor Morrison’s closing price on May 29, underscoring Berkshire’s confidence in the housing sector’s long-term prospects. The…
Bank of America believes the recent sell-off in AI infrastructure stocks has gone far enough to justify fresh buying positions across the sector. The bank’s research team published a note on Wednesday screening its trading desk’s AI ecosystem baskets and identifying 16 Buy-rated stocks worth revisiting. The methodology focused on names that had fallen sharply…
AST SpaceMobile (NASDAQ: ASTS) shares closed 4.4% lower at $68.76 on August 10 before the company released its second-quarter financial results. Second-quarter revenue of $31.5 million missed the approximately $34.5 million consensus estimate, while the net loss attributable to common stockholders widened to $230.9 million. Investors appeared more focused on deployment progress than on the…
AST SpaceMobile (ASTS) received temporary approval from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum with up to 100 commercially available devices. The FCC granted AST SpaceMobile a 30-day special temporary authority allowing tests of its supplemental coverage from space capabilities across two distinct spectrum bands. Specifically, the authorization covers…