In the past, a GOP sweep has led to significant gains for defense stocks. However, the upcoming election may paint a different picture. Historically, the defense sector has performed well when there’s been a single party in control across Congress and the executive branch, particularly the Republican Party. Wells Fargo analyst Matthew Akers noted that
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A federal judge in Florida made headlines when she dismissed criminal charges against former President Donald Trump and his co-defendants, citing a violation of the appointments clause of the U.S. Constitution. The judge, who was appointed by Trump himself, ruled that the appointment of special counsel Jack Smith was unconstitutional. This decision has sparked controversy
Elon Musk shocked the world when he posted on social media platform X that he “fully” endorses Donald Trump. This declaration came moments after the former president was rushed off stage by secret service members due to gunshots at a rally in Pennsylvania. Musk expressed his support for Trump’s rapid recovery, causing a stir among
When Brandon Fishman decided to run a discount on his vitamin-infused coffee during Target’s weeklong sales event, little did he know the impact it would have on his Amazon business. The unexpected turn of events left him stunned as his sales on Amazon plummeted, with his product available at a lower price on Target’s platform
SpaceX’s Falcon 9 rocket recently experienced a rare inflight failure during the “Starlink Group 9-3” mission, leading to the grounding of the workhorse vehicle for investigation. The incident took place after the rocket’s lower first stage performed as expected, but the upper second stage failed to reignite its engine, resulting in its destruction. This unexpected
The National Football League is exploring the option of permitting minority private equity ownership for its 32 teams, with a proposed limit of up to 10% of ownership. This move comes as the NFL aims to adapt its policies to align with the evolving landscape of sports. Commissioner Roger Goodell highlighted the significant interest from
In a surprising move, a group of senators from both sides of the aisle have come together to push for a ban on members of Congress trading stock. Senator Josh Hawley emphasized the importance of public service over personal profit at a press conference on Capitol Hill. He stressed that lawmakers should not be using
House Democrats recently gathered at their national party headquarters in Washington for a critical closed-door meeting to address growing concerns over President Joe Biden’s reelection bid. The meeting, which was the first time the full caucus had convened since Biden’s lackluster debate performance against former President Donald Trump, has sparked a crisis within the party.
NASCAR recently unveiled a prototype electric race car in partnership with ABB, signaling a new initiative aimed at reducing emissions and electrifying aspects of the sport. This move represents a significant step towards sustainability, despite the traditional image of stock car racing, aligning with NASCAR’s goal of achieving net-zero operating emissions by 2035. The “ABB
President Joe Biden faces a critical week ahead as he seeks to reassure voters of his ability to defeat President Donald Trump in the upcoming November election, as stated by Senator Chris Murphy, D-Conn. The pressure is mounting on Biden following his lackluster debate performance on June 27, with calls from Democratic lawmakers, strategists, and