10 Reasons to Be Bullish on America's Economy as the Nation Turns 250 Years Old

 

10 Reasons to Be Bullish on America's Economy as the Nation Turns 250 Years Old

## The U.S. economy just keeps surprising to the upside. Here's why the best may still be ahead.

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### Introduction: An Economy That Won't Quit

On July 4, 2026, the United States celebrated its 250th birthday. It's been a year of record heat, political drama, and a war in the Middle East that briefly sent oil prices soaring above $120 a barrel. And yet, the economy kept growing.

The resilience is remarkable. After a sluggish end to 2025, real GDP growth accelerated to an annualized pace of roughly 3.0% in the second quarter of 2026, according to J.P. Morgan Asset Management, after averaging just 1.1% growth over the fourth and first quarters . The consensus forecast across S&P Global, Goldman Sachs, UBS, and others is for full-year 2026 growth of around 2% .

But many analysts think that forecast is too low. As UBS put it, "risks to consensus growth forecasts are skewed to the upside" . Here are 10 reasons why America's economy deserves a bullish outlook as it enters its next quarter-century.

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### 1. The AI Investment Boom Is Real—and Just Getting Started

Artificial intelligence is no longer a hype cycle. It's a capital expenditure supercycle that is reshaping the U.S. economy.

The scale is staggering. The largest technology companies are racing to take advantage of the potential of AI, and their investment spending is surging . This isn't just about megacap tech stocks; it's about the entire supply chain: data centers, semiconductors, electricity generation, and industrial machinery.

J.P. Morgan notes that AI capital expenditure is a "meaningful driver" of the investment impulse, but it's "not the whole story." Capital expenditures beyond AI—from transportation equipment and industrial machinery to nonresidential structures—are expected to expand in tandem with easier financial conditions . This suggests the investment cycle is durable and broadening.

Goldman Sachs, which has maintained an overweight recommendation on U.S. equities for 16 years, argues that AI is a contributor to, but not the sole driver of, the U.S. economy, its earnings, and equity returns .

**The bottom line:** The AI buildout is providing a substantial tailwind to growth and fostering an upswing in the manufacturing sector . It's not a bubble; it's a structural shift.

### 2. Consumer Spending Is Resilient (Especially Among High-Income Households)

Consumer spending has been the backbone of the economic recovery, and it's showing no signs of breaking.

In April 2026, Personal Consumption Expenditures (PCE) rose 5.9% year-over-year . Retail sales control group data showed nearly 5% year-over-year growth through April, and preliminary May data indicated over 7% year-over-year growth . The reason? Higher-income households have seen huge gains in wealth over the past four years and are continuing to spend .

Even with the oil price shock, consumers have proven more resilient and adaptive to shocks than expected . Fiscal policy has helped too: new tax legislation passed in 2025 resulted in higher tax refunds this spring—individuals received nearly $50 billion more in refunds than at the same time last year . As one analyst put it, "Tax refunds are an immediate tax cut" that fills a void left by the removal of other forms of support.

The economy is a tale of two consumers, however. Lower-income households remain stretched, but the overall picture is one of resilience .

### 3. The Labor Market Is Stabilizing (Even If It's Not Red-Hot)

Job growth has slowed, but the unemployment rate has remained stable. In April, payrolls increased by 115,000, and the unemployment rate held at 4.3% . More importantly, the prime-age employment-population ratio remains near all-time highs .

Early signs of small-business hiring are emerging . J.P. Morgan expects the labor market to improve from here, noting that "further deterioration is unlikely because margins are near historic highs, talk of job cuts is limited and early signs of small-business hiring are emerging" .

The decline in the "breakeven" pace of job creation—the number of jobs needed to keep the unemployment rate stable—has also helped. Because labor force growth has slowed, the economy can add fewer jobs and still maintain a stable unemployment rate . S&P Global expects the unemployment rate to drift up later this year and next as GDP growth dips below potential, but the overall picture is one of stability .

### 4. Inflation Is Peaking (and May Fall Faster Than Expected)

Headline CPI jumped to 4.2% in May on an energy-driven spike, but core inflation held at 2.9% . The key distinction: the spike was driven by the Middle East war, not by a broad-based acceleration in prices.

Now that the Strait of Hormuz is reopening, the energy spike is reversing. S&P Global expects inflation to peak this quarter and ease as cost-push pressure fades against softening demand . UBS expects inflation risks to be skewed to the downside, driven by "political incentives strongly aligned toward containing inflation," cooling wage growth, and China's deflationary impulse from excess manufacturing capacity .

The big picture: The inflation scare may have been just that—a scare.

### 5. Fiscal Policy Is a Tailwind (Not a Headwind)

The One Big Beautiful Bill Act (OBBBA) passed in 2025 is delivering fiscal support and targeted incentives . J.P. Morgan estimates that consumers will receive an extra $50 billion to $100 billion (about 0.2% to 0.4% of annual disposable income) from tax refunds and other provisions .

The Working Families Tax Cut (WFTC) provides provisions for long-term investment in the productive capacity of the American economy, making permanent provisions of the 2017 Tax Cuts and Jobs Act . By allowing full expensing for investment in factories, equipment, and domestic R&D, it lowers the cost of capital and makes it cheaper to build in America .

As one IMF statement put it, the administration is "prioritizing policies to drive economic growth and industrial and technological strength through a revitalized private sector" .

### 6. Productivity Growth Is Accelerating

This is the sleeper story of the economic recovery. Productivity growth has strengthened modestly above its historical average and well above its pre-pandemic average . This is likely driven by the capital deepening linked to AI-related investment.

The St. Louis Fed's Real Time Population Survey estimates that AI has increased labor productivity by up to 1.3% since ChatGPT became available . Industries with high AI adoption are growing faster than their pre-pandemic trend .

If this is the beginning of a new productivity regime, it could deliver stronger real corporate profits and boost real incomes without reigniting inflation .

### 7. Corporate Balance Sheets Are Strong

Companies are in good shape. Margins are near historic highs, and business investment is surging . Private-sector balance sheets are healthy, which means they can withstand shocks and continue to invest .

Goldman Sachs argues that the faster and more reliable earnings growth potential of US companies, relative to global peers, justifies a continued overweight in US equities . The investment impulse looks durable, and easier financial conditions help extend the runway .

### 8. The U.S. Is Less Vulnerable to Energy Shocks Than It Used to Be

A Dallas Fed paper found that the response of U.S. real GDP growth to a geopolitical oil supply disruption today is only one-twentieth of what it would have been in 1980 . The reason: the U.S. has reduced its dependence on oil and shifted from a major net oil importer to a net exporter.

The U.S. economy's resilience to the Middle East war is a testament to this structural shift. As S&P Global noted, the U.S. has been "far less exposed to a sharp increase in energy prices driven by the Middle East war due to substantial domestic energy production and lower energy intensity" .

### 9. The 250th Birthday Is an Economic Event in Itself

The semiquincentennial isn't just a celebration—it's an economic stimulus. Philadelphia alone has committed nearly $120 million in its FY26 budget to support preparations, including $70 million for public safety and $45 million to support and enhance special events . The city also committed roughly $500 million toward capital improvements at Philadelphia International Airport to support increased passenger volume .

VisitPhilly estimates that the increase in tourism associated with major events in 2026, including America's 250th celebration, could generate between $1.3 billion and $2.5 billion in economic activity citywide . The National Park Service has also received $150 million for events and activities through fiscal year 2028 .

Private companies are also participating. Coca-Cola, for example, is hiring local artists to paint 50 murals across the country and has released a line of collectible state-branded cans . "We as a company are beyond excited about this," Coca-Cola's president of marketing for North America said .

### 10. The Dollar Remains the World's Reserve Currency

The dollar's status as the global reserve currency remains unchallenged. Foreign holdings of U.S. Treasury securities are at record levels . The GENIUS Act (2025) provides regulatory clarity for stablecoins, which will "generate increased demand for U.S. debt and strengthen the U.S. dollar's status as the global reserve currency" .

The U.S. Treasury market is the deepest and most liquid market in the world and was the best-performing developed bond market in 2025 . Daily trading volume for U.S. Treasuries averages around $1 trillion per day in cash securities . This is a structural advantage that no other country can replicate.

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### The Risks (Because No Outlook Is Perfect)

None of this means the economy is without risks. The principal downside risk is a breakdown in the U.S.-Iran agreement, which would destroy purchasing power and propagate shortages through fuel, fertilizer, and high-tech supply chains . Secondary risks include a cooling of the concentrated AI investment cycle and a faster deterioration in the labor market .

Inflation remains above the Fed's 2% target, and the balance of risks has tilted toward higher rates . And the personal savings rate has dropped to its lowest level since 2022 .

But the weight of the evidence suggests that the U.S. economy remains resilient. As J.P. Morgan put it, "We put the odds of the U.S. staying in expansion mode in 2026 at 80%" .

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### Frequently Asked Questions

**Q: What is the One Big Beautiful Bill Act (OBBBA)?**

It's the landmark tax legislation passed in July 2025 that makes permanent provisions of the 2017 Tax Cuts and Jobs Act, allows full expensing for business investment, and creates tax-advantaged savings accounts for children . It's expected to provide a $50-$100 billion boost to consumer spending and a significant tailwind for business investment .

**Q: Isn't inflation still a major problem?**

Headline CPI hit 4.2% in May, driven by energy prices during the Middle East war . But core inflation (excluding food and energy) remained at 2.9%, and experts expect the energy spike to reverse as the Strait of Hormuz reopens . UBS expects inflation risks to be skewed to the downside over the rest of the year .

**Q: Is the economy at risk of a recession?**

The consensus is no. J.P. Morgan puts the odds of the U.S. staying in expansion mode in 2026 at 80% . S&P Global expects trend-like growth of 2.1% in 2026, slipping only modestly to 1.9% in 2027 and 2028 . The balance of risks is to the upside if the Strait of Hormuz reopening proves durable .

**Q: Is AI a bubble?**

Goldman Sachs argues that AI is a contributor to, but not the sole driver of, the U.S. economy, its earnings, and equity returns . The AI investment cycle is supported by strong corporate balance sheets and a productivity impulse that is already showing up in the data . It's not a bubble—it's a structural shift.

**Q: What impact will the 250th birthday celebrations have on the economy?**

Significant but localized. Philadelphia expects $1.3 billion to $2.5 billion in economic activity . The city has committed $120 million for preparations . Private companies like Coca-Cola are investing in marketing campaigns and community projects . But the overall economic impact, while positive, is a rounding error in a $30 trillion economy.

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### Conclusion: A Bullish Birthday

As America turns 250, the economy is in a remarkably resilient position. The AI investment boom is real. Consumer spending is holding up. Inflation appears to have peaked. And the labor market, while cooling, remains stable.

The parallels to 1976 are striking. That was also a year of political and economic uncertainty—Watergate, the end of Vietnam, and an energy crisis. And yet, the economy was on the cusp of a long expansion. The early 1980s would see one of the greatest bull markets in history.

There are no guarantees, of course. The Middle East peace process could still break down. AI investment could cool. Inflation could re-accelerate. But the weight of the evidence suggests that the U.S. economy is entering its third century with more strengths than weaknesses.

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### Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only and does not constitute financial, investment, or professional advice. The information contained herein is based on publicly available sources and reflects the author's understanding as of the publication date. Economic projections, market forecasts, and policy outcomes are subject to change. You should consult with a qualified financial advisor before making any investment decisions.

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*Published: July 5, 2026*

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**Tags:** US economy, economic outlook, GDP growth, AI investment, consumer spending, inflation, Federal Reserve, labor market, productivity, fiscal policy, America 250, semiquincentennial, economic resilience

Markets After the Oil Shock: Oil Prices Are Back, But Everything Else Changed

 Markets After the Oil Shock: Oil Prices Are Back, But Everything Else Changed

**The Strait of Hormuz is open again, and crude has tumbled back to pre-war levels. Yet the Fed is talking about rate hikes, the dollar is strong, and inflation hasn't gone anywhere. Here’s what the post-war economy actually looks like.**

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## Introduction: The War Premium Is Gone, But Not the Effects

On February 27, 2026, Brent crude closed at just over $70 a barrel. On July 3, it closed just over $71 . By that measure, the war is over.

But the markets that trade oil are not the same markets that trade everything else. The swift normalization of tanker traffic through the Strait of Hormuz has brought prices back to where they started, but the broader financial landscape has not followed suit. Markets are still pricing in rate hikes from the Federal Reserve, the dollar remains elevated, real interest rates are high, and inflation expectations have fallen—a combination that effectively assumes a hawkish shift in the Fed's reaction function .

In other words, the geopolitical shock has ended, but the market's interpretation of it has not. And that means the post-war equilibrium may be more fragile—and more persistent—than the oil price alone suggests.

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## The Remarkable Speed of the Oil Recovery

The collapse in oil prices has been extraordinary. Brent peaked near $120 in late March, then again in late April . By the time the US-Iran memorandum of understanding was signed in mid-June, prices were already in freefall. On July 3, Brent settled at $71.94, WTI at $68.78—within striking distance of the pre-war levels of around $70 .

This speed caught even the most optimistic analysts off guard. Commerzbank had initially projected a two-month transition scenario through the end of July with oil averaging $85, before a year-end forecast of $80 . Instead, the market blew through those levels in weeks.

**The key driver was physical supply.** The Strait of Hormuz had been all but closed for months, trapping roughly 14 million barrels per day of production. Once the blockade lifted, tanker traffic normalized at a pace that surprised the market. By early July, supply out of the Persian Gulf was almost back to pre-war levels .

**But the speed of the price decline tells only part of the story.** The market may have priced in a best-case scenario for supply, but the physical system is still catching up. Full normalization could take until late July at the earliest, with Iranian naval mines needing removal, shipping crews returning, and shuttered oilfields restarting . Meanwhile, depleted inventories—commercial and strategic—need to be replenished, which creates incremental demand for crude that could slow the price descent .

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## The Fed Pivot That Wasn't

The most striking divergence is in monetary policy pricing. As oil spiked during the war, markets switched from pricing in rate cuts to pricing in hikes. You would expect that to unwind with falling oil prices, but it hasn't .

Federal funds futures still price in hikes by the end of 2026 . The 2-year real Treasury yield has been dragged higher alongside the hawkish shift . And the dollar is up, as you would expect if the market believes the Fed is tightening.

**The problem?** The evidence for a hawkish Fed pivot has always been thin. The June 17 FOMC meeting—Kevin Warsh's first as Chair—sounded dovish, not hawkish, according to one analyst's reading . The market's fixation on a hawkish shift may have more to do with internal FOMC dynamics than with actual policy intent .

The key risk to the bearish Fed narrative is falling inflation. The June CPI print on July 14 is expected to show lower oil prices pulling down headline inflation . If that happens, the market's hawkish expectations could unwind just as quickly as they formed.

**This matters for assets.** If the Fed doesn't hike, then real rates are too high, the dollar is overvalued, gold is undervalued, and the S&P 500 should get a lift from the removal of a tightening bias .

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## The Macroeconomic Hole: Inflation Peaked, but How Fast Will It Fall?

The oil shock left scars. Inflation peaked at 4.1% in May—the fastest since April 2023—driven largely by energy . The PCE deflator rose 0.45% in May, with about one-third of that from higher energy prices .

**The good news:** That peak is likely behind us. The oil-price tumble didn't start until mid-June, so the June inflation readings will capture only part of the decline . But the downward trend is clear.

**The mixed news:** Core inflation remains sticky. Core PCE rose 0.3% in May, or 3.4% year-over-year, the fastest since October 2023 . Service prices accelerated, though much of that was driven by volatile portfolio management fees . And the goods side may face new inflationary pressures from AI-related construction, chips, and consumer electronics .

**The uncertain news:** The Fed's reaction function is evolving. While falling oil prices will ease inflation pressures on the margin, the Fed's hawkish tilt reflects a strong labor market, resilient growth, and a global AI-driven capex cycle . Lower oil prices will give the Fed breathing room, but the bar for rate cuts is still high.

**The lagging impact:** Gasoline prices have fallen six weeks in a row, but the decline at the pump is slower than the decline in crude . It will take time for service stations to run down the more expensive fuel delivered earlier . The national average is just under $4, still well above the pre-war $3 . There is "still a considerable way to go" before gasoline returns to prewar levels .

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## The Structural Shift: Why This Shock Was Different

The 2026 oil shock is a test case for the modern economy. It turns out the world is far less sensitive to oil disruptions than it used to be.

**A Dallas Fed paper found that the response of U.S. real GDP growth to a geopolitical oil supply disruption today is only one-twentieth of what it would have been in 1980, and only one-sixth of the decline in the rest of the world** . The U.S. economy has reduced its dependence on oil and shifted from a major net oil importer to a net exporter.

**But that's not the whole story.** Markets absorbed much of the shock by drawing down inventories, which cannot be repeated indefinitely . The peace deal arrived before inventories reached the floor that would have forced a disruptive price spike, but the loan must be repaid. Rebuilding inventories will put a floor under oil prices, likely holding them above the current forward curve rather than returning them to pre-war levels .

**The geopolitical premium hasn't fully vanished.** Rystad Energy expects a residual risk premium of $5-$10 per barrel despite the memorandum of understanding . The probability of a narrow agreement has risen to 55%, but the market is concentrated around "managed de-escalation" rather than full resolution . Flows through the strait will take time to normalize, and the ceasefire remains exposed to Lebanon, sequencing disputes, and gaps between what both sides think they signed .

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## What This Means for Investors and the Broader Economy

**The post-war equilibrium is not a return to the pre-war status quo.** It consists of a strong dollar, high real interest rates, and deflationary expectations—implicitly assuming a hawkish Fed shift that may or may not materialize .

**If that hawkish assumption is wrong,** the implications are immediate. Hikes will get priced out, real rates will fall, break-even inflation will rise, the dollar will fall, and gold will finally start rising again .

**If the hawkish assumption is right,** then the Fed is signaling that it is willing to accept higher rates and a stronger dollar to ensure inflation returns to target—even at the cost of slower growth.

**The consumer impact is mixed.** Lower gasoline prices will provide timely relief, particularly for lower-income consumers, as the summer travel season begins . But the personal savings rate has dropped to its lowest level since 2022, real wage growth has turned negative for two consecutive months, and the boost from tax refunds is fading . The drop in gas prices is "tantamount to an immediate tax cut," but it's filling a void left by the removal of tax refunds .

**The global picture is even more uncertain.** The Dublin Central Bank's severe scenario warns that persistently higher energy and food commodity prices could push inflation toward 5% in 2027, while significantly slowing growth . Broader global supply chain disruptions—including sharp price increases in fertilizers and helium—pose further downstream risks .

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## Frequently Asked Questions

### Q: Why did oil prices fall so fast?

**A:** The US-Iran memorandum of understanding opened the Strait of Hormuz, allowing Gulf exports to resume. The market had already anticipated a gradual reopening, but the physical recovery was faster than expected . Supply out of the Persian Gulf is now almost back to pre-war levels.

### Q: Will oil prices stay at pre-war levels?

**A:** Not necessarily. Full normalization of tanker traffic and oilfield restarts will take until late July at the earliest . Moreover, depleted commercial and strategic inventories need to be replenished, creating incremental demand for crude that could put a floor under prices .

### Q: Why hasn't the Fed cut rates if oil prices are falling?

**A:** The Fed is focused on more than just energy prices . Core inflation remains sticky, the labor market is strong, and growth is resilient, supported by fiscal tailwinds and the AI capex cycle . The Fed's hawkish tilt suggests it wants to see broader disinflation before easing.

### Q: What does this mean for gasoline prices?

**A:** Gasoline prices have fallen, but they are still well above prewar levels. The national average is just under $4/gallon, compared to under $3 before the war . It will take time for service stations to run down more expensive fuel and refill with cheaper gas . A big chunk of the decline will be captured in June inflation readings, but the full effect will take weeks or months .

### Q: Is the economy more resilient to oil shocks?

**A:** Yes. The Dallas Fed estimates the response of U.S. real GDP growth to a geopolitical oil supply disruption today is only one-twentieth of what it would have been in 1980 . The U.S. has reduced its oil dependence and shifted from a major net importer to a net exporter.

### Q: Will inflation continue to fall?

**A:** The peak was likely in May at 4.1% . Falling oil prices will pull down headline inflation in June and July. However, sticky service inflation and new goods-side pressures from AI-related construction and chips could keep core inflation elevated .

### Q: What is the "residual risk premium"?

**A:** Even with the peace deal, Rystad Energy expects a geopolitical risk premium of $5-$10 per barrel . The ceasefire is fragile, flows will take time to normalize, and the underlying geopolitical risks—Lebanon, nuclear disputes—remain unresolved .

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## Conclusion: The Oil War Is Over, but the Adjustment Has Just Begun

Oil prices returning to pre-war levels is a headline-worthy achievement. But the market's response to the shock tells us more about the future than the price does.

The Fed is still pricing in hikes—a sign that markets believe the central bank's reaction function has shifted. Inflation peaked in May and is expected to fall, but core measures remain sticky. And the geopolitical premium has not fully vanished; it has just changed shape .

The post-war equilibrium is not a return to normal. It's a new normal where oil is cheap, but everything else is different.

-Read more--

## Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice. The information contained herein is based on publicly available sources and reflects the author's understanding as of the publication date. Oil prices, geopolitical developments, and market conditions are subject to rapid change. You should consult with a qualified financial advisor before making any investment decisions.

Why AST SpaceMobile Stock Skyrocketed This Week

 Why AST SpaceMobile Stock Skyrocketed This Week

## The satellite communication company saw its valuation soar after an $8 billion deal in the space tech sector reshaped investor sentiment.

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## Introduction: A 31% Weekly Gain

AST SpaceMobile (NASDAQ: ASTS) closed out this shortened trading week with massive gains, with the company's share price rocketing **31.2%** across the stretch .

The broader market also performed well, with the S&P 500 gaining 1.8% and the Nasdaq Composite rising 2.1% over the same period .

So what caused the surge in this space-based cellular broadband company—and why are investors suddenly so excited?

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## The Iridium Acquisition That Changed Everything

The primary catalyst for AST's surge was an announcement from **Rocket Lab**. On June 29, Rocket Lab published a press release confirming it had entered into a deal to acquire Iridium Communications at a valuation of roughly **$8 billion** .

The half-cash, half-stock deal will see Rocket Lab acquire all outstanding shares of Iridium at a price of **$54 per share** . Like AST, Iridium is a provider of satellite-based communications. The deal allows Rocket Lab to acquire Iridium's spectrum resources and satellite-constellation infrastructure—a move that should significantly accelerate its push into the communications space .

### Why This Matters for AST Investors

At the time of the acquisition's announcement, Rocket Lab's $8 billion purchase price represented a **24% premium** compared to Iridium's last closing price .

AST's spectrum resources and satellite network are broadly viewed as being **superior to Iridium's**. The stock saw big valuation gains in conjunction with news that Rocket Lab was willing to pay a substantial premium to acquire a smaller player in the category .

The sentiment is straightforward: if Iridium is worth an $8 billion acquisition premium, then AST—which has the larger subscriber ecosystem and what many investors believe to be superior technology—could be worth even more .

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## Recent Operational Wins: BlueBird Satellites Are Live

Beyond the Iridium acquisition, AST's stock rally was also supported by recent operational achievements.

**BlueBird 8, 9, and 10 are in orbit and operating normally** . The satellites were launched June 17 aboard a SpaceX Falcon 9 rocket. The successful launch rebutted bearish arguments that AST's timeline was slipping after a previous launch failure .

The company confirmed it has reached production on **BlueBird 37**, demonstrating a repeatable manufacturing process that addresses prior Wall Street concerns about execution risk .

Each BlueBird satellite is now the largest commercial communications array in low Earth orbit, measuring approximately **2,400 square feet**. These next-generation satellites are designed to deliver nearly double the peak data speeds of the company's initial Block 1 satellites, which recently achieved peak download speeds of **98.9 Mbps** directly to standard smartphones .

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## The Short Squeeze Effect

AST SpaceMobile received an extra boost due to **heavy short-selling interest** .

When a heavily shorted name climbs on good news, the effect can be amplified as short sellers are forced to buy additional shares to maintain their positions—a phenomenon known as a short squeeze.

This dynamic added fuel to a rally already driven by the Iridium deal news and the successful satellite deployment .

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## The Company's Big Picture

AST SpaceMobile is building a **space-based cellular network** designed to connect ordinary smartphones directly to satellites, without towers or special hardware .

The company has agreements with **nearly 60 mobile network operators worldwide**, including AT&T, Verizon, and Vodafone, representing more than **3 billion subscribers** combined .

### Key Financial Metrics

| Metric | Value |

|--------|-------|

| **Market Cap** | ~$33.04 billion |

| **Cash Reserves** | ~$3.5 billion |

| **2026 Revenue Guidance** | $150-200 million |

| **Average Analyst Target** | $85.09 |

| **Insider Selling (90 days)** | ~$280.6 million |

**First quarter revenue** was $14.7 million, a 1,952% increase year-over-year, though the company missed analyst estimates for both revenue and earnings . The company reported a per-share loss of $0.66 against expectations of $0.23 .

**Wall Street is deeply divided.** Analyst ratings range from Buy to Sell, with a consensus rating of **"Reduce."** Roth MKM maintains a Buy with a $108 target, while Barclays holds an Underweight at $65 .

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## The Risks Investors Should Consider

### 1. No Profitability

AST SpaceMobile is still burning cash—approximately $1 billion annually . The company's path to profitability depends on converting carrier agreements into paying subscribers, not just satellites into orbit .

### 2. Competition from SpaceX

SpaceX's Starlink already has millions of subscribers and offers messaging services direct-to-device. With its own rockets and billions raised in its IPO, Starlink could catch up quickly .

### 3. Insider Selling

Over the past 90 days, company insiders have liquidated more than **$280 million** in stock. The CFO sold $4.3 million worth in June . This kind of insider activity is generally viewed as a cautionary signal.

### 4. Execution Risk

The company must deploy roughly **45 BlueBird satellites** by the end of 2026, a goal that still requires manufacturing cadence to hold for the rest of the year .

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## Frequently Asked Questions

### Q: What does AST SpaceMobile do?

A: AST SpaceMobile is building a space-based cellular broadband network that connects standard smartphones directly to satellites. The company's technology eliminates the need for specialized hardware, allowing users to access broadband connectivity from space seamlessly .

### Q: Why did AST stock skyrocket this week?

A: The stock surged 31.2% following Rocket Lab's announcement of an $8 billion acquisition of Iridium Communications. Investors see this as validation of the value of satellite spectrum and communication assets, with AST's assets considered superior to Iridium's .

### Q: Does AST SpaceMobile generate revenue?

A: Yes, but it is still in the early stages of commercializing its satellite network. The company posted $14.7 million in revenue in Q1 2026, compared to $0.72 million in the year-ago quarter .

### Q: How does AST compete with SpaceX?

A: AST differentiates through its direct-to-device model, which doesn't require users to buy specialized antenna equipment. It also has agreements with mobile operators that integrate satellite service into existing phone plans. However, SpaceX's launch cost advantage and massive subscriber base are significant challenges .

### Q: Is AST SpaceMobile a good investment?

A: The stock is highly speculative. While some analysts see upside to $108 or even $170, the consensus rating is currently "Reduce" based on the company's lack of profitability, high execution risk, and significant insider selling .

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## Conclusion: A Classic Bull-Bear Standoff

AST SpaceMobile's stock surge this week reflects the convergence of two powerful catalysts: an $8 billion acquisition in the space tech sector that validated the value of satellite communications assets, and recent proof that the company's satellite network is functioning and scaling.

**The bullish argument** is compelling: AST has a multibillion-dollar vision, partnerships with nearly 60 mobile operators, and a technology stack that has no direct comparable in the market. If the company delivers its 45-satellite goal and converts its partner agreements into paying subscribers, the stock could have significant upside.

**The bearish counterargument** is equally serious: the company is unprofitable, burning cash, losing more than expected per share, facing stiff competition from SpaceX, and its insiders are selling billions in stock.

This is a classic bull-bear standoff. For believers in the direct-to-device satellite internet opportunity, AST's recent launch success and valuation tailwinds from the Rocket Lab-Iridium deal make it an increasingly interesting "speculative" play, as CNBC's Jim Cramer called it . For skeptics, the risks are simply too high at current prices .

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## Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. The information contained herein is based on publicly available sources and reflects the author's understanding as of the publication date. Stock prices, market conditions, and analyst opinions are subject to rapid change. Past performance is not indicative of future results. All investments carry risk, including the potential loss of principal. You should consult with a qualified financial advisor before making any investment decisions. The author may hold positions in securities discussed in this article.

---Read more

*Published: July 5, 2026*

Trump's Deregulation Gamble: 702 Rules Scrapped in Bid to Save $1.5 Trillion

 Trump's Deregulation Gamble: 702 Rules Scrapped in Bid to Save $1.5 Trillion

**Facing a midterm approval slump, the administration is betting big on rolling back environmental and energy rules. Critics call it dangerous, supporters call it common sense. Here's what's actually happening.**

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## Introduction: A Record-Setting Regulatory Reckoning

On July 5, 2026, the Trump administration published its semiannual regulatory agenda—and it's the largest deregulatory push in American history.

The administration plans to eliminate **702 existing regulations**, adding to the 752 rollbacks already completed since the start of the fiscal year in October 2025 . The total projected savings to the economy? **$1.5 trillion** .

The timing is hardly coincidental. With President Trump's approval rating sitting at just **34%** —tied for the lowest of his second term—and the November midterms approaching, the administration is betting that a dramatic deregulatory push will resonate with voters . The targets of this push are mostly tied to policies from the Obama and Biden administrations, particularly climate regulations and energy infrastructure permitting .

**The core message from the White House is simple:** Red tape is stifling the economy, driving up energy costs, and slowing the AI revolution. Cutting it will unleash growth, lower prices, and secure American energy dominance.

But critics argue the administration is ignoring the environmental and public health costs of these rollbacks. And with a divided electorate, the gamble is far from certain.

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## The Numbers That Matter: 702 Rules, $1.5 Trillion in Savings

The administration's plan targets regulations across multiple agencies, but the lion's share of the projected savings comes from a single action: **the repeal of the 2009 "Endangerment Finding"** —the EPA's legal determination that greenhouse gases pose a threat to human health and welfare .

This finding underpins virtually every federal climate regulation established under the Obama and Biden administrations. By repealing it, the administration claims it can save the economy **$1.3 trillion** in compliance costs .

**The full package of savings includes:**

| Category | Details |

|----------|---------|

| **Total rules to eliminate** | 702 |

| **Rules already rolled back** | 752 |

| **Projected total savings** | $1.5 trillion |

| **Key savings driver** | Repeal of 2009 Endangerment Finding |

| **Estimated savings from that repeal** | $1.3 trillion |

The list of regulations on the chopping block includes environmental review requirements for energy projects, energy efficiency standards, and rules promoting diversity, equity, and inclusion (DEI) . The administration is also pursuing new rules on immigration enforcement and transportation security, including a "public charge" rule that would deny federal benefits to undocumented immigrants .

---

## The Centerpiece: Repealing the "Endangerment Finding"

The repeal of the 2009 Endangerment Finding is arguably the **single biggest deregulatory action by the EPA ever** . The finding, issued by the EPA under President Obama, was the legal foundation for regulations on power plant emissions, vehicle fuel efficiency, and other climate policies.

The Trump administration has long argued that the finding was based on flawed science and has imposed massive costs on the economy without delivering commensurate benefits. In February 2026, the EPA released guidance affirming farmers' ability to lawfully fix their own agricultural and non-road equipment, saving an estimated $33,000 per repair on average—a small part of the broader deregulatory push .

**Critics, however, are pushing back.** Liberal groups and environmental advocates dispute the administration's projected savings, arguing the analysis doesn't account for the benefits of environmental, safety, and consumer protection regulations . They argue that the repeal of the endangerment finding could lead to increased air pollution, higher health costs, and accelerated climate change.

---

## Energy Infrastructure: The Permitting Overhaul

Beyond the endangerment finding, the administration's deregulatory push is focused heavily on **energy infrastructure permitting**—a sector where the backlog is staggering. According to Senator Dave McCormick (R-PA), **$1.5 trillion in critical infrastructure currently sits frozen in permitting limbo**, holding back up to **$2.4 trillion in unrealized economic activity** .

The administration's reforms, particularly under the National Environmental Policy Act (NEPA), are designed to accelerate this process. According to a White House fact sheet, the Administration has adopted **195 categorical exclusions** that allow federal agencies to complete the NEPA process faster . At the Department of the Interior, the Bureau of Land Management has approved over **6,100 Applications for Permits to Drill (APDs)** —the most in any fiscal year in 15 years .

**The Senate has also been active.** Senator McCormick has introduced the *Unlock American Energy and Jobs Act*, which would:

- Stop opponents from weaponizing the Clean Water Act to block energy projects

- Scrap outdated policies that force LNG exporters to seek case-by-case federal approval

- Modernize nuclear licensing

- Bring common sense to environmental litigation 

> "Right now, $1.5 trillion in critical infrastructure sits frozen in permitting limbo — holding back up to $2.4 trillion in unrealized economic activity. It takes longer to permit a power plant — five years — than it took us to win World War II." 

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## The Political Gamble: Midterms and the Approval Slump

The timing of this deregulatory push is anything but coincidental. President Trump's approval rating fell to **34%** in late June, according to an Ipsos poll—the same level as its previous low in April 2025 . The administration is clearly hoping that a dramatic deregulatory push, focused on energy and infrastructure, will resonate with voters ahead of the November midterms.

**The electoral map is complex.** Republicans are defending their narrow House majority and a Senate majority that is also under pressure. Energy affordability is expected to be a "top-tier issue" in terms of electricity prices in a way the country hasn't seen before, with the administration "clearly scrambling on it" . Democrats, meanwhile, are framing clean energy as an affordability issue, with Senate Minority Leader Chuck Schumer recently unveiling a five-point energy plan focused on restoring clean energy tax credits and providing consumer protections against rising utility costs .

**The messaging battle is fierce.** Schumer has accused Trump of breaking his promise to cut energy bills in half, stating: "Donald Trump might think affordability is a hoax, he might be fixated on foreign wars, but Democrats understand that the cost of living is the number one issue on people's minds" .

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## The Human Element: What This Means for You

### For American Consumers

The administration argues that the deregulatory push will lower energy costs. The repeal of environmental regulations and the acceleration of permitting could lead to more energy production, which in theory could lower prices. However, critics argue that the rollback of energy efficiency standards could actually increase costs over the long term.

**What to watch:** The coming months will determine whether the deregulatory push translates into tangible savings for consumers. The EPA is expected to formally repeal the endangerment finding in the coming weeks .

### For Investors

The deregulatory push is a major boost for energy and infrastructure companies. Accelerated permitting, reduced compliance costs, and the repeal of climate regulations could significantly improve profitability in the fossil fuel and energy infrastructure sectors.

**What to watch:** Companies with exposure to oil and gas drilling, pipeline construction, and LNG exports are likely to benefit most. Renewable energy companies, by contrast, may face headwinds as tax credits expire.

### For Voters

The deregulatory push is likely to be a major issue in the midterm elections. Democrats will argue that the rollbacks endanger public health and the environment. Republicans will argue that the rollbacks are necessary to restore economic growth and lower energy costs.

**What to watch:** The outcome will depend on which message resonates more with voters in key swing districts.

---

## The Counterargument: What Critics Are Saying

Liberal groups and environmental advocates have disputed the administration's $1.5 trillion savings projection, arguing that the analysis ignores the benefits of environmental, safety, and consumer protection regulations . They point to the health costs of pollution, the economic costs of climate change, and the consumer costs of energy inefficiency.

**There are also legal challenges ahead.** Once the deregulatory measures are finalized, they are likely to face court challenges from environmental groups and Democratic-controlled states. The repeal of the endangerment finding, in particular, is expected to face legal battles .

---

## Frequently Asked Questions

### Q: What is the "endangerment finding"?

The endangerment finding is the EPA's 2009 legal determination that greenhouse gases pose a threat to human health and welfare. It has served as the legal foundation for federal climate regulations. The Trump administration is in the process of repealing it .

### Q: How many regulations is the Trump administration eliminating?

The administration plans to eliminate **702 existing regulations** by the end of the fiscal year, adding to **752 rollbacks** already completed since October 2025 .

### Q: How much money will this save?

The administration projects **$1.5 trillion in savings**, with $1.3 trillion coming from the repeal of the endangerment finding alone .

### Q: What regulations are being eliminated?

The list includes environmental review requirements for energy projects, energy efficiency standards, diversity, equity, and inclusion (DEI) rules, and a range of other administrative requirements .

### Q: What does this mean for energy prices?

The administration argues that the deregulatory push will lower energy costs. However, critics argue that the rollback of energy efficiency standards could increase costs over the long term.

### Q: Is this related to the midterm elections?

Yes. With President Trump's approval rating at 34%, the administration is betting that a large-scale deregulatory push will resonate with voters ahead of the November midterms .

### Q: What is the Unlock American Energy and Jobs Act?

It's a Senate bill introduced by Senator Dave McCormick (R-PA) that would overhaul permitting processes, stop opponents from weaponizing environmental laws to block energy projects, and modernize nuclear licensing .

---

## Conclusion: A High-Stakes Gamble

The Trump administration's deregulatory push represents one of the largest shifts in federal regulatory policy in American history. With 702 regulations on the chopping block, $1.5 trillion in projected savings, and a repeal of the 2009 endangerment finding that could reshape the climate policy landscape, the stakes could not be higher.

The administration is betting that voters will reward its efforts to lower energy costs and reduce red tape. Critics argue that the rollbacks will harm public health, accelerate climate change, and ultimately hurt consumers. The courts, and ultimately the voters, will decide.

---

## Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only. The information contained herein is based on publicly available sources and reflects the author's understanding as of the publication date. Regulatory actions, political developments, and economic projections are subject to change. Nothing in this article should be construed as a recommendation to support or oppose any specific policy or candidate.

---

*Published: July 5, 2026*

-Read more--

**Tags:** Trump deregulation, 702 regulations, endangerment finding, EPA, energy policy, NEPA reform, permitting reform, midterm elections 2026, energy infrastructure, energy affordability, Trump approval rating, regulatory rollback, climate policy, Unlock American Energy and Jobs Act, Dave McCormick

EV Batteries Are Defying Expectations After Hundreds of Thousands of Miles

 EV Batteries Are Defying Expectations After Hundreds of Thousands of Miles

## For years, range anxiety and battery fears kept drivers out of electric vehicles. But real-world data now shows that modern EV batteries hold up far better than anyone expected—and the old assumptions are crumbling.

---

### Introduction: The 400,000-Mile Tesla That Won't Quit

Richard Symons recently took his five-year-old Tesla Model 3 on a 260-mile road trip across England without having to stop for a charge . A new electric vehicle could make that trip easily. But Symons' car wasn't new. It had already covered hundreds of thousands of miles.

For years, the single biggest barrier to electric vehicle adoption has been battery anxiety. Consumers have worried that EV batteries would degrade rapidly, leaving them with expensive replacements and plummeting range. A survey by Frontier Economics found that the average consumer believes EV batteries last only about eight years, when a lifespan closer to 18 years is more realistic .

The reality is finally catching up to the perception—and the data is overwhelming.

---

### The Numbers That Matter: Degradation Is Slower Than Anyone Thought

The old fear was that EV batteries would degrade like smartphone batteries—losing significant capacity after just a few years of use. The data tells a very different story.

A study by Geotab, which analyzed data from nearly 5,000 fleet and private EVs, found that EV batteries now degrade at an average rate of just 1.8% per year . That's a notable improvement from 2019, when the annual degradation rate was 2.3%.

At this current rate, EV batteries could last 20 years or more, with most batteries expected to retain over 80% of their original capacity after 12 years of use. Given that the average vehicle lifespan is around 15 years, the vast majority of EV batteries will outlive the vehicles they power .

The findings from the UK government's transport department back this up. The latest evidence shows that average degradation is much slower than originally expected, with studies suggesting the average battery retains between 81.6% and 85% of its original capacity after eight years .

A British EV dealer named RSEV analyzed the battery health of 300 medium- and high-mileage EVs and found that on average, cars retained 90% of their battery capacity after 90,000 miles . Cars with 130,000 miles retained about 85% capacity. There are plenty of examples of cars getting past 200,000 and even 300,000 miles with 80% capacity or more .

---

### The Human Element: What High-Mileage EVs Teach Us

Perhaps the most compelling evidence comes from ultra-high-mileage electric vehicles. These are cars that have been driven hard, fast-charged frequently, and subjected to conditions that would terrify a new EV owner.

Take this three-year-old Tesla Model 3 with 217,500 miles . Despite having been used as a taxi and fast-charged constantly, it still showed 88.5% battery capacity and more than 300 miles of real-world range. One Tesla Model S from the UK covered around 430,000 miles on its original battery and motors. It had been used as an airport taxi and frequently fast-charged—often to 100%—yet it had lost only about 65 miles from its original range rating .

A 2019 Model 3 Standard Range Plus with 380,000 miles is still running its original battery pack. Its displayed range dropped from 240 miles when new to 158 miles—a 34.2% decrease. That is heavy degradation, to be sure. But it's also not dead. After nearly 400,000 miles, it still has enough usable range for commuting, local driving, and shorter trips .

Even the famous 2014 Model S with over 1.2 million miles, which is clearly an outlier, was on its fourth battery pack by the time it reached that milestone. That means each pack lasted around 300,000 miles .

**A 90% battery retention rate at 90,000 miles is not just good—it's transformative.**

---

### The Science Behind the Durability

So why are EV batteries holding up so well? The answer lies in a combination of technological improvements and better thermal management.

A study published in Nature Climate Change examined how battery technology improvements have moderated the vulnerability of EV batteries to temperature extremes. The researchers found that technological advancements have largely mitigated the lifetime reductions driven by climate change .

Under 2°C warming, older batteries (from 2010-2018) would experience lifetime declines of 8% (average) and 30% (maximum). But newer batteries (from 2019-2023) would experience declines of just 3% (average) and 10% (maximum). New batteries also mitigate regional inequities in battery lifetime reductions driven by climate change .

Davide Giacobbe, the co-founder of Voltest, a company specializing in EV battery testing, has found that EV batteries hold up remarkably well over hundreds of thousands of miles . He noted that degradation has a bigger step down at the very beginning—in the first two to three years or the first 50,000 miles—after which the curve usually becomes very slow .

Battery type also plays a role. LFP (lithium iron phosphate) batteries perform better over time than NMC (nickel manganese cobalt) batteries. Voltest has seen many Teslas with NMC batteries wind up with a state of health in the high-70% to low-80% range after 200,000 miles. LFP packs appear to be holding up even better—the company has seen LFP-powered cars cover the same distance and still show over 90% battery health .

**The proliferation of liquid cooling for batteries has made a big difference.** "Even on cars that are more than 10 years old, as long as the battery pack is liquid-cooled, it is good," Giacobbe said. "The worst results we are seeing are on older Nissan Leafs and that type of vehicle, but that is not related to the battery chemistry or the cell itself. It is related to the air-cooled architecture" .

---

### The Breakthrough: 600,000-Mile Batteries Are Coming

If 300,000-mile batteries sound impressive, consider what's coming next. StoreDot, a battery manufacturer, recently announced a breakthrough: a battery that could last 600,000 miles while charging faster than ever .

The company has developed a silicon-dominant anode that doesn't crumble under pressure the way older designs did. Traditional EV batteries lean on graphite, mostly because silicon, while able to hold 10 times more energy, expands and degrades fast. StoreDot's new cell claims to have solved that problem.

In lab tests, the cell survived over 2,000 full consecutive charge cycles—from zero to 100 percent. In real-world terms, that's the equivalent of a 600,000-mile warranty . And it supports extreme fast charging—around 100 miles of range in just five minutes.

"This is a monumental achievement," StoreDot's Chief Science Officer Dr. David Lee said. "We've proven you can have both extreme fast charging and a long-lasting battery, making longevity concerns a thing of the past" .

---

### The Second Life: What Happens When EV Batteries "Die"

Even when EV batteries are no longer suitable for driving, they typically retain about 70-80% of their energy capacity . That makes them valuable for second-life applications like grid energy storage and renewable energy projects.

Companies are already repurposing EV batteries to power battery energy storage systems (BESS). One supplier recently completed a BESS system in Texas with approximately 500 end-of-life EV battery packs, and another in California with 1,300 former EV batteries .

**A UL Standards & Engagement survey found that 49% of non-EV owners said the fact that batteries can be reused for energy storage has positively impacted their perception of owning electric vehicles** .

The first major wave of true end-of-life EV battery returns is expected to begin in the mid-2030s, and recycling and remanufacturing efforts are already positioning the industry for that volume .

---

### What This Means for Consumers

For American drivers considering an EV, the data is clear: modern batteries outlast the vehicles they power. The average driver will replace their car long before the battery fails.

**The state-of-charge cycle window matters.** Research shows that partial cycling (0-50% or 0-80%) achieves longer cycle life than full cycling (0-100%), and that loss of lithium inventory and loss of active positive electrode material are the dominant degradation modes .

What does this mean in practice? It means you don't need to baby your EV battery. You don't need to worry about every fast charge. And you certainly don't need to be afraid of crossing 100,000 miles.

As one dealer put it: "Even when EV batteries degrade, modern ones almost never fail. That means that while your 200,000-mile Tesla may have only 80-85% of its original range, it will almost always still work. That's in contrast to an internal combustion engine, which often works right up until the instant it doesn't" .

---

### Frequently Asked Questions

**Q: How long do EV batteries typically last?**

A: Most EV batteries retain over 80% of their original capacity after 12 years of use, with a lifespan closer to 18 years being realistic . The degradation rate is about 1.8% per year . Many high-mileage EVs have exceeded 200,000, 300,000, and even 400,000 miles on their original batteries .

**Q: Is battery degradation a real concern?**

A: Much less than people think. A British EV dealer analyzed 300 used EVs and found that on average, cars retained 90% of their battery capacity for 90,000 miles and 85% for 130,000 miles . Battery failure is extremely unlikely in a modern EV .

**Q: Does fast charging damage the battery?**

A: Frequent DC fast charging has a minimal impact on battery health . However, there is an observable difference between vehicles regularly using Level 2 charging versus Level 1 charging . High-use EVs do not exhibit significantly higher battery degradation .

**Q: What happens to EV batteries at end of life?**

A: Even when no longer suitable for driving, EV batteries retain about 70-80% of their energy capacity, making them valuable for second-life applications like grid energy storage . They can also be recycled to recover valuable materials .

**Q: Are some EV batteries better than others?**

A: Yes. LFP (lithium iron phosphate) batteries appear to be holding up better than NMC (nickel manganese cobalt) batteries. Voltest has seen LFP-powered cars cover 200,000 miles and still show over 90% battery health . Liquid-cooled battery systems also perform significantly better than air-cooled ones .

**Q: Should I be worried about my EV's battery after 100,000 miles?**

A: No. Real-world data shows that modern EV batteries degrade slowly and consistently. Many cars with 100,000 miles still have more than 85% of their original range . The vast majority of EV batteries will outlast the vehicles they power .

---

### Conclusion: The Battery Fear Is Over

The evidence is now overwhelming: modern EV batteries are remarkably durable. They degrade slowly, rarely fail, and often outlast the vehicles they power. The fear that kept millions of Americans away from electric vehicles is not grounded in reality.

As Davide Giacobbe of Voltest put it: "That is impressive. That is almost 500,000 kilometers. I challenge you to do 500,000 kilometers in an internal-combustion car" .

The data shows that EV batteries hold up better than anyone expected. And the technology is only getting better.

-Read more--

### Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only. The data and studies cited are based on publicly available sources and reflect the understanding as of the publication date. Battery performance varies by model, climate, and usage patterns. Always consult your vehicle manufacturer and qualified professionals for specific guidance regarding your electric vehicle.

NYC Heatwave: Con Edison Asks Customers in Parts of Brooklyn and Queens to Limit Power as Repair Work Continues

 NYC Heatwave: Con Edison Asks Customers in Parts of Brooklyn and Queens to Limit Power as Repair Work Continues

**As record-breaking heat scorches New York City, crews are battling equipment failures while asking nearly 170,000 customers to conserve energy. Here's what you need to know.**

---

## Introduction: When the Heat Meets the Grid

On July 4, 2026, as New York City sweltered under its first 100-degree day since 2012 , Consolidated Edison found itself in an all-too-familiar position: scrambling to keep the lights on while crews repaired damaged equipment across the city.

The utility has asked approximately **170,000 customers** in parts of Brooklyn, Queens, and Westchester County to conserve electricity while crews work to repair storm-damaged equipment . To protect the system, Con Edison reduced voltage by **8%** in affected areas .

The request comes at a particularly difficult time. Overnight thunderstorms Friday caused scattered power outages across parts of the city, leaving more than **93,000 customers** without power at one point . As of Saturday morning, about 6,400 customers remained without electricity .

## Which Neighborhoods Are Affected?

Con Edison has identified specific areas in Queens and Brooklyn where the conservation request is in effect.

### Queens Neighborhoods

The voltage reduction area in Queens is bounded by the Jackie Robinson Parkway on the north, Jamaica Bay on the south, the Van Wyck Expressway and Queens Boulevard on the east, and the Brooklyn-Queens line on the west . This includes approximately **148,200 customers** in:

- Broad Channel

- South Ozone Park

- Howard Beach

- Lindenwood

- Ozone Park

- Richmond Hill

- Woodhaven

- Kew Gardens 

Additional areas in Queens affected by voltage reduction include parts of Glendale, Forest Hills, Ridgewood, Maspeth, Middle Village, Long Island City, Sunnyside, and Woodside .

### Brooklyn Neighborhoods

In Brooklyn, the affected area includes parts of:

- East New York

- Cypress Hills

- Highland Park

- City Line 

Additionally, voltage reductions affect parts of Bay Ridge, Borough Park, Carroll Gardens, Dyker Heights, Park Slope, Sunset Park, Windsor Terrace, Kensington, Flatbush, and Bensonhurst .

## What Customers Should Do

Con Edison is asking customers in affected areas to take specific steps to reduce electricity demand while repairs continue :

1. **Limit air conditioning use** — If you have two air conditioners, use only one. Set it to the highest comfortable temperature.www.conEd.com/reportoutage,

2. **Avoid using energy-intensive appliances** — Do not use washers, dryers, or microwaves until crews complete repairs.

3. **Refrain from charging electric vehicles** unless absolutely necessary .

New York City officials also recommend setting air conditioners to **78 degrees**, or the highest comfortable temperature, to reduce strain on the power grid .

## The Gravesend Crisis: Real Human Stories

The conservation request is not just a bureaucratic exercise. In the Gravesend section of Brooklyn, residents spent their Fourth of July without electricity—and without answers .

A large tree crashed into multiple power lines on Friday night during a severe storm, knocking out service for neighbors already dealing with triple-digit heat . By Saturday afternoon, frustration was growing as temperatures climbed toward 100 degrees.

"We've been calling everyone—the city, 311, Con Edison—and so far News 12's the only one who showed up," said resident Denise Ditta, whose backyard was damaged by the fallen tree .

Ditta said the outage has been especially difficult for seniors in the area. "We have old folks, seniors. What are they going to do? All our food for the holiday is gone. It's ruined" .

The owner of a damaged vehicle parked beneath the tree said the incident has already cost him two days of income because he works as a delivery driver for DoorDash . Parks Department crews removed the tree, but utility lines remained tangled in the debris—and energized—preventing further cleanup .

## The Bigger Picture: A Grid Under Stress

The situation in New York is part of a larger pattern. The "heat dome" that has settled over the eastern United States has strained power grids across the region, from the Mid-Atlantic to the Midwest .

**PJM**, the largest U.S. power grid operator serving 67 million people, has ordered customers enrolled in emergency conservation programs to curb usage . More than **185 million people**—more than half the U.S. population—have been under heat alerts .

The extreme heat, combined with Friday night thunderstorms, created a perfect storm for power companies. High temperatures cause equipment to overheat and fail, while severe storms knock down power lines. The result: a utility that's fighting on two fronts.

## Frequently Asked Questions

### Q: How many customers has Con Edison asked to conserve power?

A: Con Edison has asked approximately **170,000 customers** in parts of Brooklyn, Queens, and Westchester County to conserve electricity . This includes about 148,200 customers in Queens and tens of thousands more in Brooklyn .

### Q: Why is Con Edison asking customers to conserve power?

A: The utility is asking customers to reduce electricity use while crews repair equipment damaged by extreme heat and overnight storms . Voltage has been reduced by 8% in affected areas to protect equipment and maintain service .

### Q: How long will the conservation request last?

A: The conservation request will remain in effect until crews complete repairs. Customers can check the Con Edison outage map for updates .

### Q: What should I do if my power goes out?

A: Report outages at www.conEd.com/reportoutage, through the Con Edison mobile app, or by calling 1-800-75-CONED (1-800-752-6633) . When calling, report whether your neighbors also have lost power. You will receive updates with estimated restoration times.

### Q: Is this related to the broader heatwave?

A: Yes. The record heat across the eastern U.S. is straining power grids from the Midwest to the Atlantic coast. Con Edison's request is part of a regional response to the extreme temperatures .

### Q: Is it safe to use my air conditioner?

A: Yes, but Con Edison recommends using only one AC unit if you have two, and setting it to the highest comfortable temperature (around 78 degrees) . Limit use of other energy-intensive appliances.

---

## Conclusion: A Holiday Weekend of Heat and Uncertainty

The Fourth of July 2026 was supposed to be a celebration—America's 250th birthday. Instead, for tens of thousands of New Yorkers, it became a weekend of sweating, waiting, and wondering when the power would come back on.

Con Edison's conservation request is a necessary measure to protect the grid and prevent more widespread outages. But for residents like those in Gravesend, the utility's response has felt too little, too late. As Denise Ditta put it: "It's disappointing with how many people are affected here" .

The heatwave isn't over. Temperatures are expected to remain high through the weekend, and scattered showers and thunderstorms could bring new challenges . For now, the best thing affected residents can do is conserve energy, stay informed, and check on neighbors—especially seniors and others who may be vulnerable.

As one Con Edison statement noted: "The equipment problems in these neighborhoods have no effect on the rest of the Con Edison system" . But for the families sitting in the dark, that's small comfort.

---

## Disclaimer

**IMPORTANT:** This article is for informational and educational purposes only. The information contained herein is based on publicly available sources and reflects the author's understanding as of the publication date. Weather conditions, grid operations, and emergency measures are subject to rapid change. Customers should monitor official sources, including Con Edison's website and outage map, for the most current information. The conservation request applies to specific neighborhoods; check Con Edison's outage map to see if your area is affected.

---

*Published: July 5, 2026*

--Read more-

**Tags:** NYC heatwave, Con Edison, power outage, Brooklyn, Queens, voltage reduction, grid strain, heat dome, emergency conservation, electricity, New York City, Con Ed, outage, energy conservation, Fourth of July, heat wave 2026