US Politics & Business News
Supplemental Security Income is a needs-based federal program with strict income and asset limits that can be easily disrupted by outside financial arrangements. For families trying to help a financially struggling relative, the instinct to provide structured support through an annuity is understandable, but the consequences for SSI recipients can be severe. Annuity payments would…
The Trade Desk (TTD) delivered a painful set of second-quarter results after Thursday’s closing bell, missing analyst expectations on both revenue and earnings per share. Revenue came in at $715.1 million, falling well short of the $751.4 million analysts had anticipated heading into the print. Adjusted earnings per diluted share landed at $0.34, below the…
Alphabet (GOOGL) is returning to the bond market with a massive new debt offering as its relentless artificial intelligence buildout continues to drain cash at a staggering pace. The tech giant is seeking to raise between $20 billion and $25 billion through a bond offering structured in up to 10 parts, with maturities ranging from…
Space Exploration Technologies Corp. (SPCX) defied expectations Thursday, rising 6.14% even as its first major lockup expiration dramatically expanded the number of tradable shares. Up to 911.5 million shares became eligible for sale on Aug. 6, the first significant unlock since the company’s blockbuster IPO on June 12. The IPO initially placed roughly 639 million…
D-Wave Quantum Inc. (QBTS) reported its second-quarter 2026 earnings on August 6, delivering a mixed set of results that highlighted the gap between demand signals and recognized revenue. Quarterly revenue came in at $3.1 million, essentially flat compared to the same period a year earlier, underscoring the company’s ongoing challenge converting bookings into top-line growth….
Raytheon, an RTX Corporation (NYSE: RTX) business, completed installation of the first SPY-6(V)4 radar array at a Navy test site on Wallops Island, Virginia, on August 3. The milestone launches a testing phase that will ultimately determine how quickly the Navy can modernize a fleet of aging destroyers currently in service. The completion arrives at…
Honeywell Aerospace shares collapsed as much as 24% intraday on Thursday, hitting a fresh 52-week low of $150.03 after the company slashed its full-year financial outlook. The stock, which closed Wednesday at $203.64, opened near $155 following an after-hours selloff triggered by a deeply disappointing guidance revision that rattled investors. Trading volume swelled to roughly…
The Bureau of Labor Statistics is set to release its nonfarm payrolls report for July on Friday, with Wall Street forecasting a gain of just 83,000 jobs. Economists expect the unemployment rate to hold steady at 4.2%, following a sluggish June that produced only 57,000 new jobs. Beyond the headline figures, analysts will be scrutinizing…
AppLovin (APP) shares tumbled nearly 20% on Wednesday, putting the stock on pace for its worst single-day performance in more than a year. The mobile advertising technology company posted second-quarter earnings of $3.76 per share on revenue of $1.92 billion, narrowly missing analyst forecasts of $3.77 per share on $1.95 billion in revenue. AppLovin’s business…
SpaceX is opening a major trading window Thursday, with up to 911.5 million shares held by insiders and early investors becoming available to trade. The unlock represents one of the most significant liquidity events in recent memory for a private aerospace and technology company of SpaceX’s scale and profile. Insider and early investor share unlocks…