AST SpaceMobile Eyes Record High Ahead of Russell 1000 Inclusion
A triple-digit rally in AST SpaceMobile Inc. this month shows no signs of stopping as it prepares to join the Russell 1000 Index after Friday's market close, potentially unlocking new demand from passive investors.
Shares of the Midland, Texas-based satellite manufacturer have soared 119% in June as of Thursday's close, lifting their year-to-date rally to 140% on investor enthusiasm over the firm's ambitious push to deliver broadband directly to smartphones. The eight-year-old company has yet to turn a profit, but the market is betting on future returns.
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Digital Trends
an hour ago
- Digital Trends
Watch Tesla's self-driving Model Y perform a world first
In what is being described as a world first, a new car has just driven itself from the factory to the customer's home all by itself, with no one inside the vehicle. The feat was performed by a Tesla Model Y on Friday, with the electric-car maker posting a video (top) of the car's journey, which used Tesla's driver-assist Full Self-Driving (FSD) system to reach its destination. And this wasn't just a simple journey from Tesla's Texas Gigafactory in Austin to a residential address five minutes away. The trip took 30 minutes and really put the FSD system through its paces. 'This Tesla drove itself from Gigafactory Texas to its new owner's home 30 minutes away — crossing parking lots, highways, and the city to reach its new owner,' Tesla said in a comment accompanying the video, adding that the journey marked 'the first autonomous vehicle delivery of its kind in the world.' Tesla CEO Elon Musk was clearly delighted by the achievement, posting on X that the autonomous delivery had been completed a day ahead of schedule. Musk added: 'There were no people in the car at all and no remote operators in control at any point. FULLY autonomous! To the best of our knowledge, this is the first fully autonomous drive with no people in the car or remotely operating the car on a public highway.' However, as noted by some of those responding to his post, Alphabet-owned Waymo has been operating fully driverless vehicles on public highways for more than a year, so Musk is wrong on this point. Autonomous self-delivery like this has the potential to streamline the car delivery process, reduce costs, and eliminate trips, whether it's the customer heading to the dealership to pick up their new car, or staff heading back to base after dropping it off. It's a given that Tesla would like to deliver more of its new cars in this way, but it's not clear what its immediate plans are for such a system. The first-ever autonomous vehicle delivery can be marked down as a win for Tesla, and offers it some positive coverage in the wake of some less than celebratory headlines regarding its recently launched robotaxi service in Austin, Texas, a week ago. Shortly after its 10 Model Y robotaxis hit the road, reports emerged of some of the vehicles appearing to violate road rules as they carried passengers from A to B. The cars are being monitored remotely by Tesla staff and also have a human safety monitor in the front passenger seat who can intervene at any time.
Yahoo
an hour ago
- Yahoo
AT&T's $177 Million Settlement Will Pay Victims of Two Huge Data Breaches. Learn Who Qualifies
Of the 1,350,835,988 notices sent to subjects of data breaches in 2024, almost a tenth of those came from a hack of AT&T servers in April, according to to the Identity Theft Resource Center's 2024 Annual Data Breach Report. The telecom giant now plans to settle a lawsuit for that breach and another in 2019 for a whopping $177 million. On Friday, June 20, US District Judge Ada Brown granted preliminary approval to the terms of a proposed settlement from AT&T that would resolve two lawsuits related to the data breaches. The current settlement would see AT&T pay $177 million to customers adversely affected by at least one of the two data breaches. The settlement will prioritize larger payments to customers who suffered damages that are "fairly traceable" to the data leaks. It will also provide bigger payments to those impacted by the larger of the two leaks, which began in 2019. While the company is working toward a settlement, it has continued to deny that it was "responsible for these criminal acts." For all the details we have about the settlement right now, keep reading, and for more info about other recent settlements, find out how to claim Apple's Siri privacy settlement and see if you're eligible for 23andMe's privacy breach settlement. AT&T confirmed the two data breaches last year, announcing an investigation into the first in March before confirming it in May and confirming the second in July. The first of the confirmed breaches began in 2019. The company revealed that about 7.6 million current and 65.4 million former account holders had their data exposed to hackers, including names, Social Security numbers and dates of birth. The company first began investigating the situation last year after it reported that customer data had appeared on the dark web. The second breach began in April of 2024, when a hacker broke into AT&T cloud storage provider Snowflake and accessed 2022 call and text records for almost all of the company's US customers, about 109 million in all. The company stressed that no names were attached to the stolen data. Two individuals were arrested in connection with the breach. Both of these incidents sparked a wave of class action lawsuits alleging corporate neglect on the part of AT&T in failing to sufficiently protect its customers. As of now, we know that the settlement will pay out to any current or former AT&T customer whose data was accessed in one of these data breaches, with higher payments reserved for those who can provide documented proof that they suffered damages directly resulting from their data being stolen. If you're eligible, you should receive a notice about it, either by email or a physical letter in the mail, sometime in the coming months. The company expects that the claims process will begin on Aug. 4, 2025. You'll have to "reasonably" prove damages caused by these data breaches to be eligible for the highest and most prioritized payouts. For the 2019 breach, those claimants can receive up to $5,000. For the Snowflake breach, the max payout will be $2,500. It's not clear at this time how the company might be handling customers who've been affected by both breaches. AT&T will focus on making those payments first, and whatever's left of the $177 million settlement total will be disbursed to anyone whose data was accessed, even without proof of damages. Because these payouts depend on how many people get the higher amounts first, we can't say definitively how much they will be. AT&T expects that payments will start to go out sometime in early 2026. Exact dates aren't available right now. The recent court order approving the settlement lists a notification schedule of Aug. 4 to Oct. 17, 2025. The deadline for submitting a claim is currently set at Nov. 18, 2025. The final approval of the settlement needs to be given at a Dec. 3, 2025, court hearing in order for payments to begin. Stay tuned to this piece in the coming months to get all the new details as they emerge. For more money help, check out CNET's daily tariff price impact tracker.
Forbes
an hour ago
- Forbes
5 Key Steps For The One Big Beautiful Bill To Become A Tax Law
American Politics Late in the hours on Saturday, the Senate voted to advance the One Big Beautiful Bill Act, as reported by Forbes. President Trump immediately took to social media to claim victory. While impactful, this bill still has many necessary steps before Trump can sign it into law. This article discusses the current status of this bill in the legislative process and outlines the five key steps that must be taken before it can become a tax law. Just A Bill On Capitol Hill Many can recall the School House of Rock's famous 'I'm Just a Bill' episode, which features an animated piece of paper named Bill who is hanging out on the steps of the U.S. Capitol in an attempt to become a law. Bill outlines the numerous steps it takes for him to go from the House to the Senate before being signed by the President. In many ways, the path of the One Big Beautiful Bill Act is very similar. However, tax legislation has a more specific path. For instance, tax legislation must be introduced into the House Ways and Means Committee. This bill was introduced by Representative Jodey C. Arrington (R-TX-19). Thus, even though it is labeled as the bill to address Trump's domestic agenda, it is Congress, not the President, who introduces and passes laws. The version of the bill that was introduced to the House of Representatives already reflected many changes from what was introduced by Representative Arrington, and the version that was passed on May 22, was the result of amendments, alterations, and compromises that were made to ensure that it achieved even the narrowest of victories, as I previously discussed in a Forbes article. Like the House of Representatives, the Senate also has an important subcommittee, the Senate Finance Committee, which is delegated the responsibility of creating tax laws. As discussed in a white paper by Pillsbury Law, the One Big Beautiful Bill Act has many provisions that are the same in both the House and Senate versions of the tax bill. However, their article also highlights numerous ways that they might differ. One such example is that the Senate proposes that the SALT tax deduction, an itemized deduction for state and local income taxes paid, remain at $10,000. In contrast, the House version proposes an increase to $40,000. As I previously discussed in a Forbes article, these differences are natural in the legislative process. However, they can lead to intense debates that can make or break a bill's prospects of becoming a law. On June 28, the Senate voted on whether the Senate Finance Committee's version of the One Big Beautiful Bill Act would be advanced to open discussion on the Senate Floor. This vote passed by a narrow margin (51-49). 5 Key Steps To The One Big Beautiful Tax Bill To Become The One Big Beautiful Tax Law While Trump was quick to claim victory, and the bill appears poised to pass the Senate, according to the BBC, the procedural vote was by no means the final passage of the One Big Beautiful Bill Act. I outline the five key steps after the bill advancing in the Senate floor to it ultimately being signed into law by Trump. 1) Reading Of The One Big Beautiful Bill And Open Debate Following this vote, the Senate Democrats required the nearly 1,000-page bill to be read out loud in its entirety. Fox News reported that the reading began on the evening of June 28, 2, and it took 16 hours to complete, delaying nearly a full day's worth of progress. Immediately following the reading, USA Today reported that the Senate has been hard at work ironing out the final sticking points. 2) A Vote-Arama And Senate Passage Of The One Big Beautiful Bill Once the debate has curtailed, the Senate will enter into a vote-arama. In this situation, senators can introduce an unlimited number of amendments to a reconciliation bill or budget resolution and vote upon them in quick succession. Many expect the numerous amendments decided on by the Senate to be voted on in a quick and orderly manner, leading to a rare occurrence of a vote-arama. After all the amendments have been approved or rejected, the Senate will cast its final votes on the passage of the bill. Unique to this bill is that it is a budget reconciliation bill. As discussed by The New Republic, most Senate bills require 60 votes to be passed. However, a budget reconciliation bill only requires a majority. Furthermore, since the Vice President breaks ties in the Senate, only 50 votes, plus the tie-breaking vote of Vice President Vance, are necessary for passage in the Senate. 3) The House And Senate Joint Conference Committee Since the House and Senate bills differ, the One Big Beautiful Bill Act will enter a Joint Conference Committee, where representatives from both chambers will come together to decide on the differences between the two bills that they believe will be approved by their respective bodies. It is not uncommon for differences between the two chambers to be resolved here. For instance, in the passage of the Tax Cuts and Jobs Act of 2017, the House proposed a 20% corporate income tax rate, with 25% for certain entities, whereas the Senate proposed a 20% rate for all entities. Following the Joint Conference Committee, the 21% corporate income tax rate was accepted and passed by the House and the Senate. 4) Final Passage Of The One Big Beautiful Bill By The House And The Senate The House and the Senate must both agree on the new combined version of the bill. This agreement is easier said than done, as many important provisions may have been altered from the original versions passed. For instance, Fox Business reports that one representative has said that the One Big Beautiful Bill Act is 'dead on arrival' if the SALT tax deduction is not increased. Given that the original bill only passed the House by a single vote (215 to 214), it will be interesting to see if the consolidated version meets significant resistance. 5) Trump Signs The One Big Beautiful Bill Act Into Law, Maybe On The 4th Of July The goal of any tax bill is to be signed into law by the President. While the One Big Beautiful Bill Act is effectively the product of his domestic agenda and, should it be passed, would be a function of going through budget reconciliation and having control of both the House and the Senate, some bills are not so fortunate to have such a clear path. In the case where Trump disapproves of a bill, he can veto it, thereby preventing it from becoming law. Even though Congress can override a veto with a two-thirds majority vote, this notion would represent a significant hurdle to the bill becoming law. However, nobody expects the One Big Beautiful Bill Act to be vetoed. Once the House and the Senate pass it, it is expected that Trump will sign it into law almost immediately. CNN reports that Trump's goal all along has been to sign the bill into law on the 4th of July holiday. However, Trump now appears to be open to a later passage as long as it is passed soon.
