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.

Mastercard (MA) CEO Says Credit Cards Will “Prevail” As AI Reshapes The Future Of Shopping

Mastercard reported another quarter of strong double-digit revenue growth on July 30, as executives argued that agentic artificial intelligence will strengthen rather than undermine card networks. For the quarter ending June 30, Mastercard posted net revenue of $9.3 billion, a 12% increase from the prior year, alongside net income of $4.4 billion, up 19%. CEO…

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Lloyds Banking Group (LYG) Posts Strong H1 2026 Profit Growth, Launches GBP 1 Billion Buyback

Lloyds Banking Group PLC (NYSE: LYG) reported robust first-half 2026 financial results, delivering a 17.1% return on tangible equity and net income growth of 9% year-on-year. The UK banking giant also announced a 30% increase in its interim dividend, signaling management’s confidence in the group’s capital position and earnings trajectory going forward. Alongside the dividend…

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D-Wave Quantum (QBTS) Lands AT&T Expansion As Enterprise Quantum Computing Gains Real Traction

D-Wave Quantum (QBTS) secured a significant commercial milestone after AT&T expanded its use of the company’s quantum computing technology across multiple network operations workflows. AT&T reported cutting a key network optimization workload from approximately one hour to less than 15 seconds using D-Wave’s annealing-based system, a performance gain that is hard to ignore. The development…

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Qualcomm (QCOM) Shares Sink As Memory Supply Crunch Clouds Fourth-Quarter Outlook

Qualcomm shares tumbled sharply in after-hours trading after the chipmaker posted fiscal third-quarter results that narrowly missed Wall Street earnings expectations. Qualcomm (QCOM) fell nearly 8% after hours on Wednesday, extending a 4.42% decline during the regular session that left shares closing at $155.68. The company reported adjusted earnings per share of $2.21, just under…

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Ford’s (F) Truck Strategy Delivers Strong Q2 Results As Wall Street Upgrades The Stock

Ford Motor Company (F) raised its full-year earnings forecast after beating Wall Street’s second-quarter expectations, fueled by strong demand for its high-margin trucks and SUVs. The automaker posted adjusted earnings per share of 42 cents against analyst expectations of 35 cents, a notable beat that reinforced confidence in its product strategy. Automotive revenue came in…

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QBTS Leads RGTI Heading Into Q2 Earnings As Quantum Stocks Face Commercial Scrutiny

D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) are both preparing to report second-quarter 2026 results in early August, with investors eager for proof that the quantum computing rally reflects real commercial progress. Both companies delivered better-than-expected first-quarter results, but their growth strategies heading into Q2 remain distinctly different in approach and maturity. D-Wave built momentum…

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Quantum Computing Stocks (IONQ, RGTI, QBTS, QUBT) Face Deeper Pain After Brutal Month-Long Selloff

Over the past month, quantum computing stocks have been hit hard as investors pulled capital from high-multiple, pre-profit technology names across the board. IonQ (NYSE: IONQ) shares are down 39% over the trailing month, with the stock trading around $32.86 midday Wednesday, making it one of the sector’s steepest decliners. Rigetti Computing (NASDAQ: RGTI) and…

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