AST SpaceMobile Shares Rise 0.5% Overnight
AST SpaceMobile urged the FCC to support additional satellite-to-phone spectrum after shares hit a more than one-year low.
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Dow Jones futures rise as AI stocks rebound
Dow Jones, S&P 500 and Nasdaq futures were higher early Friday as AI stocks recovered from Thursday's selloff. Delta Air Lines missed views and guided low, while SpaceX said it plans to buy wireless spectrum from Grain Management subject to approval.
Dow futures rise as SpaceX spectrum deal hits telecoms
Dow Jones futures rose 0.2% overnight, while S&P 500 futures added 0.25% and Nasdaq-100 futures gained 0.3%. SpaceX plans to buy wireless spectrum from Grain Management, pressuring Verizon, AT&T, T-Mobile US and AST SpaceMobile in after-hours trading.
ASTS Stock Rises Overnight: Partner AT&T Questions SpaceX’s Plan To Disrupt Wireless Carriers
Shares of AST SpaceMobile (ASTS) rose 0.4% overnight heading into Wednesday as partner AT&T’s CEO John Stankey questioned SpaceX’s strategy to compete with wireless carriers, citing cost and permission hurdles for its proposed rooftop cellular network.ASTS stock fell 3% to $59.40 on Tuesday but rem…
Trump threatens 50% tariffs on Canadian autos, steel in 2027
President Donald Trump says tariffs on all cars, trucks, automotive parts and steel will rise to 50% on January First, 2027, pressuring industrial and auto supply chains.
Tech Rout Deepens on China's AI Shock, Crude Rises to $81: Stock Market Today
Tech stocks fell for a third straight session Friday as the semiconductor complex extended one of its worst weeks of the year, with investors fleeing the AI hardware trade after a Chinese startup unveiled the world’s largest open-weight model. The selloff had already started in Asia overnight, where Moonshot AI showcas