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.

RTX (RTX) Edges Out Lockheed Martin (LMT) On Risk Profile, Making It The Stronger Long-Term Investment

RTX Corporation (NYSE: RTX) holds a significant structural advantage over Lockheed Martin (NYSE: LMT) when it comes to exposure to fixed-price defense contract risk. The distinction matters more than ever as the defense industry faces mounting pressure on traditional contracting models and government spending priorities. Lockheed Martin’s fixed-price contracts accounted for $45.2 billion of its…

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Trump Announces “AI Force” And Plans To Name AI Czar To Oversee Emerging Technology

President Trump announced plans to create an “AI Force” and appoint a new “czar” to oversee the development of artificial intelligence across the United States. Trump made the announcement in a lengthy Truth Social post, dismissing concerns about the absence of federal AI guardrails as a “hoax.” The president framed his proposals as a necessary…

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IonQ (IONQ) Surges 9% On NVIDIA Quantum Optimization Collaboration, Lifting D-Wave (QBTS) 8% And Rigetti (RGTI) 7%

Quantum computing stocks are trading as a thematic basket Thursday morning, with IonQ (NYSE: IONQ) leading a sector-wide surge on a single research disclosure. IonQ reported progress on generating quantum optimization circuits using a generative machine learning method developed alongside NVIDIA (NASDAQ: NVDA), Oak Ridge National Laboratory, and the University of Tennessee. The approach held…

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Hedge-Fund Manager Identifies Three Underdog Stocks That Could Outperform Market Giants

ValueWorks founder Charles Lemonides argues that investors are too fixated on dominant companies, missing significant value in smaller, overlooked rivals. Lemonides, whose firm manages approximately $400 million through a hedge fund and other investment strategies, made his case in a recent interview. He told MarketWatch that “there’s a winner-take-all fallacy in certain industries, and there…

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House Republicans Flee Washington For Seven-Week Recess Amid Rising Fears Of Election Bloodbath

As House Republicans left Washington for a seven-week pre-midterm recess, cracks in party unity were on full display before lawmakers departed. A perfect storm of affordability issues is developing for Republicans heading into November, and the party has largely abandoned hopes of passing meaningful legislation before Election Day. Seven Republicans broke ranks this week and…

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Iowa Republicans Walk Tightrope Between Trump Loyalty And Voter Backlash In Midterm Homestretch

Iowa Republicans face an increasingly delicate balancing act as midterm elections approach and Democrats work aggressively to tie GOP candidates to the Trump administration. The tension was on stark display in Council Bluffs, where gubernatorial candidate Zach Lahn joined Vice President Vance on the campaign trail while Republican Senate candidate Rep. Ashley Hinson skipped the…

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Rigetti Computing (RGTI) Trades At 399 Times Sales — Here Is What Buyers Need To Believe

Rigetti Computing (RGTI) sells quantum computing systems into a market its own management describes as early, making a straightforward investment case nearly impossible to construct. Traditional valuation tools like price-to-earnings ratios are useless here because Rigetti continues to lose money, leaving investors with few conventional anchors. The more useful measure is the price-to-sales multiple, which…

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GOP Shifts Focus From Mamdani To Hochul As New York Midterm Battle Takes Shape

Republicans once dreamed of running against New York City Mayor Zohran Mamdani, framing him as a far-left villain to energize suburban and upstate voters. Instead, moderate Governor Kathy Hochul has become the Republican Party’s primary political foil heading into the fall election cycle. Hochul, seeking a second term, carries middling approval ratings that GOP strategists…

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