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.

US Air Force

RTX (RTX) Surges Past Q2 Estimates And Raises Full-Year 2026 Guidance On Record Backlog

RTX (NYSE: RTX) reported stronger-than-expected second-quarter 2026 results, with double-digit growth across both its commercial aerospace and defense segments driving the beat. The aerospace and defense giant posted adjusted earnings per share of $1.89, well above the consensus estimate of $1.66 from analysts. Revenues reached $24.71 billion for the quarter, topping the consensus mark of…

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Crude Oil Prices Drop But Pump Prices Stay High, Trapping American Drivers

Crude oil prices have retreated sharply following a U.S.-Iran memorandum of understanding, but American drivers are finding little relief at the gas station. National gasoline prices remain elevated, averaging $3.90 per gallon, nearly a dollar higher than prices recorded in late February. The disconnect between falling crude prices and stubbornly high retail gasoline prices has…

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AI Boom Splits Two Massive Emerging Market ETFs Into Very Different Bets

BlackRock’s iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard’s FTSE Emerging Markets ETF (VWO) have quietly become very different investment products. For more than a decade, investors treated these two funds as nearly interchangeable, but a long-running index classification dispute has produced a record performance gap. The divergence comes down to one country: South…

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High-Flying Tech Stocks (OKLO, IONQ, RKLB, ASTS, CRWV) Tumble 65% From Highs, Creating Potential Opportunity For Savvy Investors

A new wave of futuristic tech stocks tied to nuclear power, quantum computing, space, and AI has been cut roughly 60% from peak levels. Investor Shay Boloor captured the moment bluntly in a recent X post, writing, “THE FUTURE IS ON SALE RIGHT NOW,” pointing to steep losses across multiple high-growth sectors. The group includes…

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High-Flying Tech Stocks (OKLO, IONQ, RKLB, ASTS, CRWV) Plunge 65% From Highs, Creating Selective Opportunity For Investors

A new generation of futuristic, high-flying tech stocks has been cut down roughly 60% from peak levels, raising questions about where genuine opportunity begins. Investor Shay Boloor captured the moment in a recent post on X, writing “THE FUTURE IS ON SALE RIGHT NOW” while highlighting steep losses across multiple high-growth sectors. The stocks in…

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SpaceX Wireless Ambitions Pose Less Threat To Carriers Than Investors Fear, Analysts Say

SpaceX’s growing presence in the wireless industry has rattled investors, but analysts suggest the actual competitive threat to major carriers remains distant and overstated. The core of SpaceX’s wireless strategy hinges on securing a mobile virtual network operator deal, a path that faces significant resistance from the industry’s dominant players. AT&T (T), T-Mobile (TMUS), and…

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AST SpaceMobile (ASTS) Drops After Completing $1B Convertible Note Offering As Fair Value Debate Intensifies

AST SpaceMobile (ASTS) completed a $1 billion private offering of 1.625% convertible senior notes due 2034, triggering an immediate and significant pullback in the company’s share price. The stock fell 5.04% following the announcement, adding to an already difficult stretch of trading that has weighed on investor sentiment in recent weeks. ASTS shares have declined…

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Bond Market Tremors Warn That Stocks Are Unprepared For 30-Year Treasury Yields Hitting 6%

The $40 trillion Treasury market is flashing warning signs that equity investors may be dangerously unprepared for a continued surge in long-term yields. The 30-year Treasury yield has now logged 11 consecutive sessions above 5%, its longest such stretch since May, reflecting a sustained and punishing selloff in government bonds. The 30-year yield climbed to…

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AST SpaceMobile (ASTS) Faces Worst Monthly Decline In Two Years As T-Mobile And Nokia Reinforce Satellite Bull Case

AST SpaceMobile (ASTS) is enduring a punishing month, with shares down 33% and on track for their worst monthly performance in over two years. Despite the steep selloff, recent commentary from T-Mobile and Nokia has offered satellite bulls fresh reasons to hold their conviction in the company’s long-term story. T-Mobile CEO Srini Gopalan addressed direct-to-cell…

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