US Politics & Business News
A leading Social Security reform proposal would require high-income workers to pay more in payroll taxes without receiving any corresponding increase in their benefits. The Social Security taxable earnings cap currently sits at $184,500, meaning income above that threshold is not subject to the payroll tax that funds the program. Millionaires effectively stop contributing to…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 10% to around $19 on Friday morning, while Virgin Galactic (NYSE: SPCE) gained 10%, approaching $3.50 per share. The broader space sector largely ignored the rally, with Rocket Lab (NASDAQ: RKLB) up just 1% to $81.25 and AST SpaceMobile (NASDAQ: ASTS) edging up 1% to $72.32. SpaceX (NASDAQ:…
Howmet Aerospace Inc. (HWM) is building serious momentum in 2026, powered by an exceptional performance in its commercial aerospace segment that shows no signs of slowing. Second quarter 2026 revenues from the commercial aerospace market surged 28% year over year, representing 53% of the company’s total revenues during the period. Rising air travel globally has…
The United States is on the verge of a debt milestone no nation in history has ever reached, with the national debt approaching $40 trillion. As of August 11, the Treasury Department’s official tally stood at $39,941,929,832,070.77, leaving just $58 billion remaining before the threshold is crossed. At the recent borrowing pace of roughly $6.5…
Tesla (TSLA) shares are pushing higher this week, but the options market is sending a more measured signal to investors watching the electric vehicle giant closely. Shares of Tesla climbed close to 2% in recent trading, building on an impressive 8% surge recorded the previous Monday as bullish momentum returned to the stock. The gains…
Equity markets continue pushing into record territory despite persistently elevated interest rates that many analysts expected would weigh heavily on valuations. The resilience of stocks in the face of high borrowing costs has surprised even seasoned market watchers who anticipated a more pronounced pullback driven by tighter financial conditions. Interest rates at multiyear highs typically…
AST SpaceMobile (ASTS) and Rocket Lab (RKLB) are aggressively mirroring SpaceX’s vertically integrated business model, but a prominent analyst says execution risks and stretched valuations loom large. Analyst Tim Farrar, president of TMF Associates, appeared on the Prof G Markets podcast to outline his concerns about both companies and their ambitious growth strategies. “Both Rocket…
U.S. stock futures held in a tight range early Thursday as investors pivoted their attention to fresh inflation and labor market data after July’s CPI report did little to shake Fed rate expectations. As of 4:00 a.m. ET, Nasdaq futures were flat with a negative bias, while S&P 500 and Dow futures were flat with…
GE Aerospace is posting record revenue, yet the company is simultaneously falling further behind on its orders as demand outpaces its industrial capacity. Spare parts delinquencies, which measure shipments delayed by material shortages, grew last quarter, signaling not weakness but a demand environment the company’s supply chain cannot fully satisfy. That overwhelming demand feeds directly…
Workday (WDAY) shares exploded 25% higher Thursday after Reuters reported that private equity firm Silver Lake is in talks to acquire the company. Trading in the stock was halted three times due to circuit breakers as volatility surged on the breaking news out of financial markets. Silver Lake and the human-resources and financial management software…