US Politics & Business News
The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies linked to forced labor trade practices. The sweeping action targets trading partners that have failed to ban goods made with forced labor, including China, the European Union, and Japan. The determination was made under Section…
Strategy (NASDAQ: MSTR) investors are “deeply concerned” by the market’s reaction to the company selling Bitcoin this week, sources told Congress.net on Tuesday. Sources told Congress.net that large institutional investors holding various MSTR products, including ordinary shares and preferred shares, are concerned that “Strategy could be forced to sell more Bitcoin” and “inadvertently cause Bitcoin’s…
Job openings climbed to their highest level in nearly two years during April, while hiring fell sharply in the same period. The Bureau of Labor Statistics reported that available employment reached 7.6 million for April, a surge of 731,000 from the prior month and the highest level since May 2024. Economists surveyed by Dow Jones…
Citigroup has raised its price objective on Seagate Technology (NASDAQ: STX) from $740.00 to $1,150.00, a substantial increase reflecting renewed analyst confidence in the stock. The Wall Street bank accompanied the upgraded price target with a “buy” rating on the data storage company, signaling a bullish outlook. The new target of $1,150.00 represents a significant…
National security experts and the airline industry are pushing back hard against Homeland Security Secretary Markwayne Mullin’s threat to pull U.S. Customs and Border Protection from international airport hubs. Mullin floated the proposal during a recent appearance on Fox News, drawing swift and widespread criticism from those with deep knowledge of airport security and operations….
AMC Entertainment Holdings, Inc. (NYSE: AMC) recorded a dramatic drop in short interest during the month of May, signaling a notable shift in bearish sentiment toward the stock. As of May 15th, short interest in the company totaled 63,294,412 shares, reflecting a steep decline from earlier in the month. That figure represents a 40.4% decrease…
Mercer International (NASDAQ: MERC) shareholders approved every proposal put forward at the company’s 2026 annual meeting, with management painting a challenging picture of recent business conditions. Chairperson William McCartney confirmed that shareholders elected all nine members of the board during the annual meeting proceedings. Management outlined what it described as a difficult 2025 period, characterized…
Maine Senate Democratic candidate Graham Platner is scheduled to meet with Senate Democrats on Tuesday, according to NewsNation, The Hill’s sister network. A campaign official described the meeting to NewsNation’s Jackie Koppell as a “longstanding” one, suggesting it was arranged prior to recent controversies. The meeting comes after reports surfaced that Platner sent sexually explicit…
UBS Group has reduced its price target on lululemon athletica (NASDAQ: LULU) shares from $176.00 down to $153.00, according to a Monday research report. The revised target represents a significant reduction of $23.00 from the firm’s previously held price objective on the athletic apparel retailer. Alongside the price target cut, UBS Group maintained a “neutral”…
Samsung, SK Hynix, and Micron have each crossed the $1 trillion market capitalization threshold, driven by surging demand for AI memory chips. The milestone for all three companies comes as the global semiconductor industry faces a significant supply deficit in AI memory chip production. Analysts indicate the memory chip shortage fueling these valuations is not…