Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

Alphabet (GOOGL) Enters Q1 Earnings With Record Cloud Backlog, Zero Sell Ratings and a Year of Market-Leading Gains

Alphabet Inc. (NASDAQ: GOOGL / GOOG) reports its first-quarter 2026 earnings on Wednesday April 29 as the strongest performer among the five Magnificent 7 companies announcing results this week, having roughly doubled in stock price over the past year and led the group year-to-date, a run built on Google Cloud’s extraordinary growth acceleration and a…

Read More

Republicans Retool Midterm Strategy Around Trump’s Policies as Gas Prices and Polling Paint Grim Picture

Republican strategists are executing one of the more delicate political manoeuvres in recent memory, attempting to capture the electoral energy generated by Donald Trump’s presence on the ballot without making the November midterms a direct referendum on a president whose approval ratings have reached the lowest point of his two terms in office, with Reuters…

Read More

Chevron (CVX) Heads Into May 1 Earnings With Iran Oil Boost and $47.31 Billion Revenue Expected

Chevron Corporation (NYSE: CVX) is set to report its first-quarter 2026 earnings before the market open on May 1, with the company having already pre-disclosed selected Q1 guidance items in April that provide investors with more visibility than usual into the quarter’s financial shape, including upstream commodity price impacts of $1.6 billion to $2.2 billion…

Read More

Texas Instruments (TXN) Surges 19 Percent After Blowout Q1 Results and Bullish Q2 Guidance

Texas Instruments (NASDAQ: TXN) delivered one of the most dramatic earnings reactions of the current season on Thursday, with shares surging as much as 19 percent in response to first-quarter results that decisively beat both revenue and earnings per share estimates, accompanied by second-quarter guidance that significantly exceeded what Wall Street had been expecting. For…

Read More
U.S. Senate

Senate Democrats Force Fifth Iran War Powers Vote as 60-Day Deadline Approaches

Senate Democrats forced a fifth vote on a war powers resolution targeting the Iran conflict on Wednesday, with the chamber expected to vote on a motion to discharge the measure in what has become a weekly ritual of Democratic pressure and Republican resistance over congressional authority to authorise military force. Senator Tammy Baldwin of Wisconsin…

Read More

RTX Reports Q1 Earnings With Defence Demand Surge and $268 Billion Backlog Behind It

RTX Corporation is releasing its first-quarter 2026 results before the market opens today, with Wall Street expecting adjusted EPS of $1.51 and revenue of approximately $21.4 billion. The company carries a $268 billion total backlog into the report, split between $161 billion in commercial aerospace and $107 billion in defence, providing one of the most…

Read More
elon musk

Tesla Faces Earnings Scrutiny as Cybercab Timelines and Margin Pressures Come Into Focus

Tesla heads into its first-quarter 2026 earnings call on April 22 carrying a heavier burden than any equivalent point in the company’s recent history, with investors demanding clarity on both the near-term health of its core automotive business and the credibility of a robotaxi commercialisation timeline that remains the primary driver of a valuation many…

Read More

Morgan Stanley Posts Record Q1 Revenue of $20.6 Billion as Institutional Trading Surges

Morgan Stanley has delivered the strongest quarterly performance in its history, reporting first-quarter 2026 net revenues of $20.6 billion and earnings per share of $3.43, both of which substantially exceeded analyst forecasts and pushed the stock higher in pre-market and regular trading on Wednesday. The results reflect a financial sector benefiting from elevated volatility, record…

Read More

Wells Fargo Beats on Earnings Per Share but Net Interest Income Miss Sends Stock Lower

Wells Fargo produced the most ambiguous result of Tuesday’s concentrated bank earnings session, beating the consensus earnings per share estimate of $1.58 with reported diluted EPS of $1.60 while simultaneously missing on net interest income in a way that investors refused to overlook. The stock fell approximately 4.8 percent through the trading session, making it…

Read More