US Politics & Business News
US Mobile plans to bring AST SpaceMobile-powered direct-to-cell satellite coverage to its Verizon-based Warp network during the fourth quarter of 2026. The announcement represents a potential new catalyst for shares of AST SpaceMobile (ASTS), which have faced persistent selling pressure in recent weeks. ASTS stock fell nearly 6% on Friday and ended last week down…
AI remained a central force powering tech stocks during the final week of August, drawing intense retail investor attention across several high-profile names. Nvidia (NVDA) reported fiscal second-quarter revenue of $96.2 billion on Aug. 26, representing a 106% increase from a year earlier and surpassing Wall Street’s $92.2 billion expectation. The chipmaker guided for approximately…
U.S. stock-index futures moved lower Sunday as investors weighed the growing probability of a fresh interest-rate increase from the Federal Reserve. Markets are now pricing in a 58% probability of a 25-basis-point rate hike at the September meeting, up sharply from 36% before Fed Chair Kevin Warsh’s speech Friday. Warsh told attendees at the annual…
China’s factory activity shrank for a second straight month in August, though the contraction was smaller than economists had anticipated, adding pressure on Beijing to shore up the slowing economy. The official purchasing managers’ index came in at 49.8 in August, an improvement from 49.2 recorded in July, according to data released Monday by the…
Tony Fabrizio, a top pollster working for Republican Mike Rogers, is aggressively disputing public polls showing Rogers trailing in Michigan’s high-stakes Senate race. Fabrizio argues that recent surveys are over-sampling Democratic-leaning voters, specifically college-educated and Black voters, according to an internal memo obtained by POLITICO. A Susquehanna poll released this month showed progressive Abdul El-Sayed…
The U.S. military struck two Iranian rocket launchers on Sunday, marking its first attack on Iran in more than a month, according to a U.S. official. American forces targeted the two launchers on Larak Island after observing Islamic Revolutionary Guard Corps forces preparing to launch rockets with sea mines into the Strait of Hormuz. U.S….
The Department of Homeland Security is pushing back hard against a New York Times report detailing alleged abuse inside Immigration and Customs Enforcement detention facilities. DHS issued a sharp rebuttal on Sunday, posting on social platform X that the Times story amounted to misinformation designed to undermine the agency’s operations. “Another day and another hoax…
Freedom Fuel gas stations, promoted by the Trump administration for their low prices, allegedly sold fuel their supplier never received payment for, according to a newly filed lawsuit. Mansfield Oil Company filed the suit on August 19 in U.S. District Court in Eastern Pennsylvania, targeting KRSM, a foreign corporation linked to the Freedom Fuel Network….
After months of brutal losses, the software sector is staging a dramatic comeback that analysts say could have significant room left to run. The Morningstar US Software Application Index shed roughly 27% between October 2025 and mid-July 2026, even as the broader market gained nearly 15% over the same stretch. Stocks including Salesforce (CRM), ServiceNow…
U.S. margin debt has surged to a record $1.4 trillion in May, rising 54% from a year earlier, according to data from FINRA. The staggering rise in borrowed money reflects a broader cultural shift among both retail and institutional investors who are increasingly comfortable taking on significant financial risk. Leveraged exchange-traded funds, which produce double…