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 Corporation (RTX) Posts Record $289 Billion Backlog As Q2 Earnings Beat Expectations

RTX Corporation (RTX) delivered a strong second-quarter performance, reporting adjusted sales of $24.7 billion, up 16% organically compared to the same period last year. Adjusted earnings per share climbed to $1.89, representing a 21% year-over-year increase driven by 18% growth in segment operating profit across the company’s major divisions. Free cash flow reached $2.9 billion…

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RTX (RTX) Surges On Beat-And-Raise Quarter But Two Iran War Risks Cloud The Outlook

RTX (RTX) shares climbed after the aerospace and defense giant delivered a strong earnings report that beat expectations and raised its full-year financial guidance. The company posted what investors have long craved from a major defense contractor: a clean beat-and-raise quarter that signals operational momentum and growing revenue visibility. For 2026, RTX now expects full-year…

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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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