FTC Sends $15.8 Million In Refunds To Over Two Million Users Of Cleo AI Cash Advance App
The Federal Trade Commission is distributing more than $15.8 million in refund payments to customers of the AI-based cash advance app Cleo AI. The agency announced the payments following a settlement reached earlier this year over allegations that Cleo misled its users about the nature of its cash advance services. More than 2.1 million Cleo…
AST SpaceMobile (ASTS) Ships Three More BlueBird Satellites To Cape Canaveral As Revenue Milestone Looms
AST SpaceMobile (ASTS) has successfully launched 13 BlueBird satellites to date, building out its low Earth orbit constellation with growing commercial ambitions. The company’s satellites are significantly larger than SpaceX’s Starlink satellites and are designed to extend cellular coverage into remote regions beyond the reach of traditional terrestrial towers. Telecom giants AT&T (T) and Verizon…
Earnings Season Arrives As Markets Weigh Inflation Data, Fed Outlook, And AI-Driven Rallies
Stocks held their ground heading into earnings season despite persistent pressure from elevated Treasury yields and ongoing oil-price volatility across global markets. AI-related stocks continued to support broader investor sentiment, though upcoming corporate earnings reports could determine whether the current rally extends through the end of the year. With less than a month remaining before…
RTX (RTX) Secures $6 Billion Pentagon Deal To Supply Interceptor Missiles
RTX has won a $6 billion contract from the Pentagon to produce interceptor missiles, a major award that signals continued strong demand for advanced defense systems. Shares of RTX climbed approximately 1% on Friday following the announcement, reflecting investor confidence in the company’s expanding defense portfolio. The contract represents one of the largest single missile-related…
Medicare Open Enrollment Shrinks As Insurers Exit Markets And Cut Coverage Options
Millions of older Americans will face a narrower set of healthcare choices when Medicare’s open-enrollment period begins October 15 and runs through December 7. The average Medicare beneficiary can now choose from among 35 plans for 2027, down from 39 plans available in 2026, according to healthcare policy and research firm KFF. At least 3.8…
Earnings Season Arrives As Markets Brace For A Critical Test Of Stock Valuations
Investors are closely watching third-quarter corporate earnings as a defining moment for whether the stock market rally can sustain itself going forward. High hopes for earnings results have so far been enough to outweigh mounting concerns around elevated interest rates and rising oil prices in recent months. The stock market has leaned heavily on strong…
DCCC Issues Urgent $17 Million Fundraising Deadline To Expand House Battleground Map
The Democratic Congressional Campaign Committee is making an urgent appeal to donors, setting a firm deadline to raise $17 million for competitive House races. DCCC Executive Director Julie Merz sent a memo to donors on Friday outlining the committee’s financial needs and the stakes attached to meeting them. The committee wants $17 million in hand…
Zelensky Prepares For Sunday Interview As Trump’s Russia Diesel Deal Draws Bipartisan Backlash
Ukrainian President Volodymyr Zelensky is set to appear on ABC’s “This Week” Sunday morning following a controversial deal announced by President Trump involving Russian diesel exports. Trump announced Friday via Truth Social that he had concluded a “highly successful discussion” with Russian President Vladimir Putin on supplying diesel to U.S. and global markets. According to…
Trump Taps Katie Bailey To Lead White House Legislative Affairs Office
Bailey’s appointment comes after former director James Braid departed the role ahead of the November midterm elections, leaving the position vacant for several months. President Trump announced the selection on Truth Social, praising Bailey’s track record as deputy director in securing key Cabinet confirmations for the administration. Trump credited Bailey with helping secure the confirmations…
SpaceX Spectrum Deal Sends AST SpaceMobile (ASTS) Tumbling 6% While Rocket Lab (RKLB) And Planet Labs (PL) Slip
AST SpaceMobile (NASDAQ: ASTS) shares dropped sharply Friday morning after SpaceX locked up a nationwide low-band spectrum portfolio the satellite company had been pursuing. SpaceX agreed to acquire the entire low-band spectrum portfolio from Grain Management, a privately held spectrum owner, in a deal that still requires regulatory approval with terms left undisclosed. The transaction…
