Treasury’s Debt Buyback Expansion Rattles Bond Market As Inflation Fears Surge

Treasury Secretary Scott Bessent’s move to expand government debt buybacks, intended to stabilize markets, is instead triggering fresh concerns about inflation among investors. Over the past several days, investors have begun pricing in higher inflation expectations, a reaction that suggests the Treasury Department’s intervention may carry unintended consequences. The so-called breakeven rate, a market-based measure…

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AST SpaceMobile (ASTS) Secures FCC Test Authorization Amid Investor Scrutiny After Q2 Earnings Miss

AST SpaceMobile (ASTS) has received a 30-day authorization from the Federal Communications Commission to test satellite connectivity using the 800 MHz spectrum band. The approval represents a meaningful regulatory milestone for the company as it continues building out its space-based cellular broadband network. The 800 MHz band is particularly significant because it offers strong signal…

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A 99-Year-Old Grandmother Wants To Cut Her Daughter From Her Will, And The Family Tension Is Rising

A family is facing a deeply personal financial conflict after a 99-year-old grandmother reportedly decided to remove her daughter from her will. The situation has placed a grandchild in an uncomfortable position, uncertain whether stepping in would help resolve matters or make them significantly worse. Estate planning disputes within families are among the most emotionally…

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Social Security Union Demands $3 Billion And 20,000 New Workers To Address Ghost Offices And Crippling Backlogs

The American Federation of Government Employees is pushing Congress to dramatically increase funding for the Social Security Administration amid a worsening staffing crisis. AFGE Council 220 President Jessica LaPointe called on lawmakers to approve $3 billion above current spending levels to hire an additional 20,000 SSA employees. LaPointe said the funding is needed “to begin…

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Defense Stocks RTX (RTX) And Lockheed Martin (LMT) Buck Sector Decline As Missile Production Surges

Despite record defense spending and active combat operations, most major defense contractor stocks have struggled to hold ground in recent trading sessions. Shares of 10 major defense contractors tracked by Barron’s were down an average of 17% since fighting started in Iran, a notable decline given the current war footing. Only two companies in the…

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Hedge Funds Pile Back Into Big Tech As AI Boom Drives Massive Portfolio Shifts

Wall Street’s largest hedge funds dramatically increased their exposure to Big Tech during the second quarter, doubling down on artificial intelligence as a generational growth driver. Firms including Bridgewater Associates, Tiger Global Management, and Discovery Capital led the charge back into technology stocks after months of hesitation. Earlier this year, bets on Big Tech had…

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AST SpaceMobile (ASTS) And SpaceX (SPCX) Emerge As Bidders For $6B Low-Band Satellite Spectrum

Shares of AST SpaceMobile (ASTS) climbed 1% overnight late Thursday after reports surfaced that the company and SpaceX (SPCX) are eyeing a massive low-band spectrum portfolio. Grain Management has asked interested parties to submit preliminary offers by the first week of September for 800 MHz licenses it recently acquired from T-Mobile. Bloomberg reported, citing people…

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