Thomas Shelter, Author at CONGRESS.NET

D-Wave Quantum (QBTS) Wins $1.57M NSF Grant, Shifting Gate-Model Narrative For Investors

Thomas ShelterJuly 10, 202603 mins

D-Wave Quantum’s subsidiary Quantum Circuits, LLC received a $1,566,250 National Science Foundation grant on July 1, 2026, under the ERASE project. The grant gives researchers access to D-Wave’s superconducting dual-rail gate-model quantum computing resources, specifically to advance fault-tolerant technologies. The NSF-backed collaboration is led by Yale University and deepens D-Wave’s role in U.S. quantum innovation…

Six Million Small Business Owners Near Retirement, Putting Millions Of American Jobs At Risk

Thomas ShelterJuly 10, 202605 mins

A looming generational shift in small business ownership threatens to reshape the American economy in ways few policymakers have fully reckoned with. Baby boomer owners of roughly six million American small and medium-sized companies will retire between now and 2035, according to research from McKinsey. McKinsey has described the coming wave as “a once-in-a-generation wave…

AST SpaceMobile (ASTS) Pushes Into Defense Communications With Direct-To-Cell Satellite Network

Thomas ShelterJuly 10, 202604 mins

AST SpaceMobile (ASTS) is building a satellite network designed to let standard smartphones connect directly to satellites without any specialized equipment. This capability holds significant implications for military personnel and emergency responders who need reliable communications when ground-based networks go down or are disrupted. The company’s BlueBird low Earth orbit satellites deliver connectivity across remote…

SK Hynix (SKHY) Nasdaq Debut Draws Massive Investor Demand With $26.5 Billion Raised

Thomas ShelterJuly 10, 202604 mins

SK Hynix is set to make its long-awaited debut on the Nasdaq, giving U.S. investors direct access to South Korea’s second most valuable company for the first time. The company priced its American depositary receipts at $149 per share, raising $26.5 billion to fund an aggressive expansion into new factories and equipment. Demand for the…

Three Space Economy Stocks (RKLB, ASTS, LUNR) Face Sharp Pullbacks But Expanding Pipelines Signal Opportunity

Thomas ShelterJuly 10, 202604 mins

A sharp sector-wide selloff in July has dragged down three of the most closely watched names in the commercial space industry. Rocket Lab (NASDAQ: RKLB), AST SpaceMobile (NASDAQ: ASTS), and Intuitive Machines (NASDAQ: LUNR) have each declined sharply over the past month despite growing contract backlogs and government awards. Investors should treat this group as…

Delta Air Lines (DAL) Posts Record First-Quarter Revenue And Profit Beat Despite Historic Fuel Cost Surge

Thomas ShelterJuly 10, 202604 mins

Delta Air Lines (NYSE: DAL) reported first-quarter adjusted operating revenue of $14.2 billion, a 9.4% increase over the prior year and a record for the March quarter. The strong top-line result came even as the carrier absorbed what it described as the highest quarterly fuel expense in its history, pressuring margins heading into the spring…

SWIFT Blockchain Ledger Goes Live With HSBC (HSBC), Citi (C) And 15 Other Banks, Threatening XRP And XLM Cross-Border Dominance

Thomas ShelterJuly 10, 202605 mins

SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…

RTX (RTX) Deepens NATO Ties With European Missile Production Push And Diehl Defence Partnership

Thomas ShelterJuly 10, 202604 mins

RTX, operating through its Raytheon division, is significantly expanding missile production capacity across Europe to meet growing NATO and allied defense requirements. The company is actively working alongside European partners to qualify new suppliers and strengthen the broader missile supply chain infrastructure. Central to the expansion are plans to double Stinger missile output in partnership…

AI Investment Dwarfs Dot-Com Era, Raising Fears Of A Crisis Four Times Larger

Thomas ShelterJuly 9, 202604 mins

Global financial markets are facing risks that could dwarf previous crashes, with AI investment alone running roughly 17 times higher than the 2000 dot-com boom. The dot-com collapse and the 2008 subprime housing crisis caused estimated losses of $5 to $6 trillion and $15 to $20 trillion respectively, setting a grim benchmark for what another…

Federal Reserve Taps Former Walmart (WMT) CEO And Harvard Economists To Overhaul Real-Time Economic Data

Thomas ShelterJuly 9, 202605 mins

The Federal Reserve has announced the leaders of five outside task forces formed by Chairman Kevin Warsh to drive sweeping reforms at the central bank. The panels bring together an unusually diverse group of figures from finance, academia, and the corporate world, reflecting Warsh’s deliberate push to open the institution to outside voices. Among the…