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.

D-Wave Quantum (QBTS) Drops 8% After CFO Retirement Rattles Quantum Sector, Dragging Rigetti (RGTI) And IonQ (IONQ) Lower

D-Wave Quantum (NYSE: QBTS) stock tumbled 8% to $17.79 in midday trading Wednesday after the company disclosed its chief financial officer would retire next week. The departure of CFO John Markovich, effective September 2, caught investors off guard and sent shares of peer quantum computing companies lower in sympathy trading. IonQ (NYSE: IONQ) fell 3%…

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Bill Gates Warns AI Could Become “The Worst Source Of Injustice” As Public Anxiety Grows

Gates, once among technology’s most vocal optimists, is now sounding one of the loudest alarms about artificial intelligence and its consequences for society. In a nearly 6,000-word essay and an accompanying interview with the New York Times, Gates describes the current moment as “one of the most turbulent times in human history.” The Microsoft co-founder…

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Fed’s Core Inflation Gauge Hits 3.3% As Policymakers Weigh Next Rate Move

The Federal Reserve’s preferred inflation measure showed consumer prices continued to rise in July, keeping pressure on policymakers as they debate their next interest rate decision. The personal consumption expenditures price index rose a seasonally adjusted 0.2% for the month, placing the annual inflation rate at 3.7%, according to a Commerce Department report. Both the…

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Three Quantum Computing Pure-Plays Face A High-Stakes September As Backlogs Surge

Quantum computing remains the most speculative segment of the US public technology market, with September 2026 offering investors a timely moment to reassess the three dominant pure-play names. IonQ (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), and D-Wave Quantum (NYSE: QBTS) all trade at steep multiples relative to revenue while posting substantial operating losses each quarter….

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Falcon 9 Wind-Down Opens Door For ASTS, RKLB, SPCX, And LUNR As Launch Market Tightens

SpaceX’s decision to wind down Falcon 9 commercial operations is reshaping the competitive landscape for space stocks heading into September 2026. AST SpaceMobile (ASTS), Rocket Lab (RKLB), SpaceX (SPCX), and Intuitive Machines (LUNR) are each positioned differently as Falcon 9 capacity shifts away from commercial payloads. LUNR has led the group in August with a…

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Dick’s Sporting Goods (DKS) Suffers Record Single-Day Stock Collapse As Retro Sneaker Demand Fades

Dick’s Sporting Goods Inc. (DKS) plunged nearly 31% on Tuesday, marking the worst single-day stock performance in the company’s history as a publicly traded retailer. Shares closed at $124.31, a $55.20 drop from Monday’s closing price, after the company reported a disappointing second quarter and slashed its full-year outlook. The retailer now expects net sales…

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Aurora Innovation (AUR) Emerges As Potential Long-Term Winner In Autonomous Trucking Race Against Tesla

Aurora Innovation (NASDAQ: AUR) is drawing attention from market analysts who see the autonomous trucking company as a strong long-term contender in a rapidly developing sector. The company has been building out its driverless trucking platform with a focus on commercial freight operations across major highway corridors in the United States. Aurora’s technology stack includes…

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