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.

The White House

White House Defends Trump’s Ground Beef Import Deal Amid Billionaire Influence Report

The White House is pushing back against questions surrounding President Trump’s decision to temporarily suspend higher tariffs on ground beef imports from certain countries. A White House official told News Nation that the policy was the product of an extensive internal process, not a single conversation with any outside party. “President Trump’s action to address…

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NVIDIA (NVDA), IBM, Microsoft (MSFT) And Two Others Offer Investors Smarter Quantum Exposure In 2026

Pure-play quantum stocks delivered powerful gains earlier in 2026 before hitting a wall as investors began demanding harder evidence of revenue conversion and commercialization. IonQ (IONQ) shares dropped 5.4% following its second-quarter results, while Rigetti and D-Wave (QBTS) shares have lost 10.7% and 22.7%, respectively, since August 5. The sharp volatility underscores the risks of…

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Twin Brothers Inherit Separate Family Homes But Dispute Erupts Over Shared Tax And Upkeep Costs

A sibling inheritance dispute is raising questions about whether one brother can legally compel the other to share property-related financial responsibilities. The case comes from Quentin Fottrell’s Moneyist advice column on MarketWatch, which regularly addresses complex personal finance and inheritance dilemmas. In this scenario, twin brothers were each left a house by their parents, creating…

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Berenberg Initiates Space Sector Coverage With Buy Ratings On Rocket Lab (RKLB), AST SpaceMobile (ASTS), Planet Labs (PL), And HawkEye 360

Berenberg has launched coverage of the U.S. and European space sector, initiating four stocks at Buy and one at Hold as the industry surges past key economic milestones. Analyst Michael Filatov said falling launch costs have driven the space economy past $500 billion in 2025, with the market on track to exceed $1 trillion by…

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RTX Corporation (RTX) Surges Past Industrial Sector Benchmarks With Defense Contracts And Earnings Beat

RTX Corporation has firmly established itself among the elite tier of mega-cap stocks, with a market capitalization exceeding $200 billion across the aerospace and defense industry. The company’s diversified portfolio allows it to leverage growth across multiple sectors while continuing to invest heavily in research and development initiatives. RTX’s brand equity and scale in aerospace…

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Global AI Capital Spending Projected To Hit $1 Trillion In 2026, Dwarfing Historic Infrastructure Booms

AI-related capital expenditure is poised to rewrite the record books for private-sector infrastructure investment, with projections pointing to staggering sums over the next several years. Goldman Sachs Research has adjusted widely cited measures of US hyperscaler capital expenditure to produce a more comprehensive global estimate, arriving at $1 trillion of AI-related investment in 2026 alone….

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Sen. Ed Markey Defeats Seth Moulton In Massachusetts Senate Primary, Defying Generational Shift Sweeping Democratic Party

Eighty-year-old Sen. Ed Markey (D-Mass.) turned back a challenge from younger rival Seth Moulton on Tuesday, winning the Massachusetts Democratic Senate primary by a commanding margin. With roughly 71 percent of the vote counted as of 11:15 p.m. EDT on Tuesday, Markey led Moulton by nearly 30 percentage points, signaling a decisive and comfortable victory…

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Palo Alto Networks (PANW) Beats Earnings Estimates As AI Cybersecurity Demand Surges

Palo Alto Networks delivered a stronger-than-expected quarterly performance, with growing artificial intelligence threats driving increased demand for its cybersecurity products. The company reported adjusted earnings per share of $1.02, beating the consensus estimate of 98 cents, while revenue reached $3.41 billion against the $3.35 billion analysts had forecast. Revenue jumped 34% year over year, climbing…

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House Votes 413-2 To Censure Rep. Chuck Edwards Over Sexual Harassment Of Female Staffers

The House voted overwhelmingly Tuesday to censure Rep. Chuck Edwards, a North Carolina Republican found to have harassed two female aides on his staff. The 413-2 vote followed a House Ethics Committee recommendation that Edwards be censured after investigators found he engaged in “persistent unprofessional and inappropriate conduct” toward the two women. Immediately after the…

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