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.

Defense Spending Surge Puts Lockheed Martin (LMT) And RTX Corporation (RTX) In The Spotlight

The U.S. plans to spend $1 trillion on defense in 2026, with a 2027 funding request standing at approximately $1.5 trillion. If approved, that 2027 budget would represent the largest year-over-year increase in defense spending ever recorded in American history. Rising military budgets come amid escalating geopolitical tensions, including the ongoing U.S.-Iran and Ukraine-Russia conflicts…

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ASTS vs. SPCX: SpaceX Edges Out AST SpaceMobile In Space Connectivity Battle

AST SpaceMobile (ASTS) and Space Exploration Technologies Corp. (SPCX) are locked in a fierce battle to dominate the rapidly expanding low-Earth orbit satellite connectivity market. Both companies are building LEO satellite networks designed to deliver broadband and direct-to-device mobile connectivity to consumers and businesses worldwide. AST SpaceMobile is developing what it describes as the world’s…

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GE Aerospace (GE), RTX (RTX), And General Dynamics (GD) Emerge As Top Aerospace-Defense Picks Amid Record Defense Spending

Zacks Equity Research has spotlighted three major aerospace and defense companies as strong buys, citing powerful industry tailwinds heading into the back half of 2026. The firms identified are GE Aerospace (GE), RTX Corp. (RTX), and General Dynamics (GD), all of which carry a Zacks Rank #2 (Buy) rating. The Zacks Aerospace-Defense industry continues to…

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“Funflation” Spreads Indoors As Streaming And Gaming Costs Squeeze Consumers In 2026

Rising prices for live entertainment have long frustrated American consumers, but now the same inflationary pressure is following people directly into their living rooms. The phenomenon, widely known as “funflation,” originally described sharply higher prices for concerts, sporting events, and other live experiences that were halted during pandemic lockdowns. Now, at-home pastimes including streaming movies…

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D-Wave Quantum (QBTS) Earns IDC MarketScape Leader Recognition For Practical Quantum Computing

D-Wave Quantum (QBTS) has been named a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment, a significant industry recognition for the company. The evaluation assessed vendors across both their existing capabilities and forward-looking strategies, placing D-Wave among the top tier of quantum computing providers globally. According to the company, the recognition reflects…

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Andy Burnham Poised To Become UK Prime Minister As Policy Uncertainty Rattles Investors

Labour’s Andy Burnham appears set to become the United Kingdom’s next prime minister after rapidly securing enough parliamentary support to succeed Keir Starmer as party leader. Burnham locked down backing from enough Labour MPs within just two days, effectively ending the leadership contest before any credible rival could mount a challenge. Despite the swift and…

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US Air Force

D-Wave Quantum (QBTS) Rides Commercial Momentum To 42.9% Stock Surge Over Past Year

D-Wave Quantum (QBTS) has surged 42.9% over the past year, dramatically outpacing both its industry peers and broader market benchmarks. The quantum computing company’s performance stands in sharp contrast to its industry’s 14.2% decline and towers over the S&P 500’s already-impressive 23.1% gain during the same period. D-Wave develops and delivers quantum computing systems, software,…

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