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.

IonQ (IONQ) Lands NRO Space Contract, Signaling A Broader Defense And Quantum Strategy

IonQ (IONQ) announced in early August 2026 that its Space Division, formerly known as Capella, secured a contract with the U.S. National Reconnaissance Office. The contract supports the NRO’s Radar Commercial Augmentation program, which supplements government satellite capabilities with commercial radar imagery services. At first glance, the deal appears to be a satellite imaging award…

Read More

Couples In Their 50s With $1.5 Million In Traditional 401(k)s Ask Whether Roth Conversions Make Sense Now

For many Americans approaching retirement, the question of when to begin Roth conversions is among the most consequential financial decisions they will face. A couple in their 50s holding $1.5 million in traditional 401(k) accounts are weighing whether now is the right time to begin converting those funds into a Roth account. The core appeal…

Read More

AST SpaceMobile (ASTS) Faces $15 Million Lawsuit Over Disputed Finder’s Fees

AST SpaceMobile (ASTS) is facing a legal challenge from Delclaux Partners, which has filed a lawsuit seeking more than $15 million in disputed contractual finder’s fees. The lawsuit centers on alleged unpaid compensation that Delclaux Partners claims is linked to financing arrangements it helped source for the satellite company. The case raises significant questions about…

Read More

Treasury Secretary Bessent Says U.S. Budget Deficit Has A “Very Good Chance” Of Having Peaked Under Trump

Treasury Secretary Scott Bessent expressed cautious optimism Thursday, telling CNBC there is a “very good chance” the U.S. budget deficit has already reached its peak under President Donald Trump. Bessent made the remarks in an exclusive interview with CNBC’s Sara Eisen, one day after his department’s extraordinary debt buyback announcement drew widespread attention. “We are…

Read More

D-Wave Quantum (QBTS) Carries 71% Analyst Upside But Weak Technicals And Lofty Valuation Raise Caution

D-Wave Quantum (QBTS) has gained just 0.6% since its second-quarter earnings report on August 6, significantly underperforming peers IonQ (IONQ) and Rigetti (RGTI) as well as the S&P 500. Investors appear to be prioritizing near-term financial execution over D-Wave’s longer-term technology milestones, creating a visible disconnect between sentiment and strategic progress. Second-quarter revenues came in…

Read More

Bond Market Rally Draws Fresh Attention To Overlooked Fixed-Income Funds

Bonds have staged a notable comeback in 2026, drawing renewed interest from investors seeking alternatives to a volatile equity market. Fixed-income markets have benefited from shifting expectations around interest rates, with many analysts pointing to a more favorable environment for bond investors this year. While mainstream bond funds have captured most of the attention, a…

Read More

RTX (RTX) Lands $22.9 Billion Tomahawk Contract With U.S. Navy While Raising Full-Year Guidance

RTX Corporation’s Raytheon unit secured a $22.90 billion, seven-year Tomahawk cruise missile contract with the U.S. Navy earlier this month, marking a major milestone for the defense giant. The deal was accompanied by stronger-than-expected Q2 2026 results, higher full-year guidance, and continued dividend growth, reinforcing confidence among investors tracking the stock. The combination of a…

Read More