Wholesale Prices Hold Flat In July, Easing Inflation Fears As Fed Weighs Rate Path
In a fresh sign that inflation pressures may be cooling, the producer price index showed no change in July, defying expectations for a 0.2% gain. The Bureau of Labor Statistics reported Thursday that the PPI, a key measure of underlying wholesale inflation, was unchanged month over month after falling 0.1% in June. The June figure…
Elon Musk Predicts Starlink (SPCX) Will Carry 90% Of Global Internet Traffic, Rattling Rivals
SpaceX (NASDAQ: SPCX) surged Wednesday after founder Elon Musk made a sweeping prediction about Starlink’s long-term dominance of global internet infrastructure. SPCX stock closed up 9.65% to $146.15, driven by comments Musk made during a company town hall meeting broadcast on X. The rally comes after a difficult stretch for the stock, which barely broke…
Infleqtion (INFQ) Shares Slip Despite 116% Revenue Surge Fueled By NASA Quantum Contract
Infleqtion reported second-quarter results that reflect a pattern common among high-growth technology companies: losses deepening even as revenue climbs sharply higher. The quantum technology firm posted revenue of $12.6 million for the quarter, representing a 116% increase compared to the same period in the prior year. Despite that top-line beat against projections, Infleqtion reported a…
RTX (RTX) Lands $745 Million Missile Defense Contract As Analysts Flag Modest Undervaluation
Raytheon parent RTX has drawn renewed investor attention after securing a $745 million Missile Defense Agency contract for Standard Missile-3 Block IIA interceptors. The contract also includes expanded U.S. production capacity, reinforcing RTX’s position as a central player in the country’s missile defense architecture. The deal arrives as RTX shares have shown strong momentum, with…
Bill Ackman Returns To Netflix (NFLX) And Adds Five New Stocks To Pershing Square Portfolio
Billionaire investor Bill Ackman is buying back into Netflix after famously exiting the streaming giant at a steep loss just three months into his original position. Ackman’s Pershing Square Inc. disclosed the new Netflix stake in a semiannual report released Wednesday, revealing it held 3.15 million shares as of June 30, representing 4.9% of its…
Lenovo (LNVGY) Posts Record Revenue And Soaring Profits As AI Server And PC Demand Accelerates
Lenovo Group delivered a blockbuster fiscal year, reporting record annual revenue and sharply higher profit driven by surging demand for AI servers, AI-enabled PCs, and enterprise services. The world’s largest PC maker posted revenue of $83.1 billion for the fiscal year ended March 31, representing a 20% increase from the prior year period. Profit attributable…
Medicaid Estate Recovery Leaves Grieving Families Fighting To Keep Their Homes
After a parent dies, many American families face an unexpected and devastating financial threat from the government program that paid for their loved one’s care. Medicaid estate recovery is a federally mandated process that allows states to reclaim the costs of long-term care services from the estates of deceased recipients who were 55 or older….
Goldman Sachs Projects $1.8 Trillion Space Economy As SPCX, ASTS, RKLB, And FLY Draw Investor Attention
Goldman Sachs expects the global space economy to reach $1.8 trillion by 2035, triggering fresh interest in publicly traded space sector stocks. SpaceX (SPCX), AST SpaceMobile (ASTS), Rocket Lab (RKLB), and Firefly Aerospace (FLY) all moved higher following the bank’s sweeping new report on Wednesday. On Wednesday, SPCX surged 10%, ASTS climbed 4%, and both…
Rigetti Computing (RGTI) Draws Investor Scrutiny After Posting 185% Revenue Surge In Q2 2026
Rigetti Computing (RGTI) is back in the spotlight after delivering second-quarter 2026 results that showed meaningful revenue growth alongside persistent financial losses. Revenues surged 185% year over year to $5.1 million, driven primarily by on-premises Novera QPU sales to commercial organizations. Management pointed to progress on the 108-qubit Cepheus-1 system, expanding customer engagement, and strategic…
Boeing (BA) Stock Climbs 7.4% In 2026 As Turnaround Efforts Face Key Tests
Boeing Company (BA) shares have gained 7.4% year to date, slightly outpacing the Zacks Aerospace-Defense industry’s growth of 7% over the same period. The government’s continued push to strengthen national defense and space systems is widely seen as a meaningful growth catalyst for the aerospace giant moving forward. Peer defense stocks have outperformed Boeing considerably,…
