US Politics & Business News
Planet Labs (NYSE: PL) stock jumped 10% to $20.10 in early Friday trading after the Earth-observation company delivered a record second-quarter revenue beat. The reversal is striking because PL shares had fallen 8% to $18.35 on Thursday ahead of the earnings report, extending a pre-announcement selloff. Planet Labs stock had gained 185% over the prior…
GE Aerospace (GE) shares are trading around $329.50, roughly 14% below the $381.22 high the stock reached within the past year. Most of that decline is recent, with the stock falling 12.7% over just the past month despite the company’s strong operational outlook. The retreat is puzzling on its face, because in July GE Aerospace…
The Netherlands and France have both moved significant gold reserves away from the Federal Reserve Bank of New York in recent months, raising fresh questions about U.S. safe-haven status. De Nederlandsche Bank completed a months-long relocation, withdrawing more than 78 tons of gold from the New York Fed and 7 tons from Ottawa, Canada, transferring…
A couple in their early 70s is facing a significant financial and personal decision about whether to relocate to Southern California to be near their adult children. The pair currently lives in a relatively low-cost, lower-tax Northwest state, where their expenses and overall financial obligations remain manageable on a retirement income. Both of their children…
Representative Pete Stauber of Minnesota is positioning himself to become the top Republican on the House Natural Resources Committee, according to reports. Stauber has informed colleagues of his intention to seek the ranking member position, signaling an active internal push within the House Republican conference. The move comes as current committee leader Bruce Westerman of…
The national debate over affordability has long centered on the cost of goods, housing, and services, while largely sidestepping a more fundamental question about pay. The core issue, as one analysis puts it plainly, is whether a job pays enough to live — a question the Fight for $15 movement forced onto the national agenda…
Community banks have long served as financial anchors for small towns, rural regions, and urban neighborhoods that larger institutions routinely overlook or underserve. When a community bank closes its doors, the ripple effects extend far beyond the loss of a local branch, touching small businesses, families, and entire regional economies. Mega-banks continue to consolidate their…
AST SpaceMobile (NASDAQ: ASTS) director Adriana Cisneros purchased 10,822 shares across three related accounts on August 31, signaling notable confidence in the embattled satellite company. The open-market purchases cost approximately $619,200 at an average price near $57.22 per share, representing a meaningful financial commitment from a board-level insider. Cisneros’s aggregate indirect ownership rose to 797,023…
While American investors pour retirement savings into freshly public SpaceX (NASDAQ: SPCX), a far quieter deal may be reshaping the global satellite industry from Tokyo. Japan’s Ministry of Internal Affairs and Communications has preliminarily selected the Rakuten and AST SpaceMobile joint venture for its J-LEO initiative, worth up to approximately $1 billion in non-dilutive, non-debt…
China has restricted 12 critical minerals from US access, striking directly at the heart of next-generation directed-energy weapons programs. Bloomberg Intelligence defense analyst Wayne Sanders explained that older laser weapons “were the size of buildings” because of the enormous power demands they required. The directed-energy trade rests on shrinking that massive footprint down to something…