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.

SpaceX (SPCX) Slides 6% Despite Analyst Buying Wave As Lockup Fears Drag Rocket Lab (RKLB), AST SpaceMobile (ASTS), And Virgin Galactic (SPCE) Lower

Shares of SpaceX (NASDAQ: SPCX) fell 6% to around $151 in midday Tuesday trading, an unusual response to a flood of bullish analyst initiations and the company’s addition to the NASDAQ 100. The broader space sector fell with SpaceX, suggesting the pullback reflects something deeper than company-specific concerns hitting the tape. AST SpaceMobile (NASDAQ: ASTS)…

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General Dynamics (GD) Edges Out RTX (RTX) As The Better Value Play For Defense Investors

Defense sector investors are sizing up two of the industry’s biggest names as valuations come into sharper focus in mid-2026. General Dynamics (GD) and RTX (RTX) both operate in the aerospace and defense space, making them natural comparison points for value-oriented portfolios. Both stocks currently carry a Zacks Rank of #2 (Buy), reflecting positive revisions…

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Amazon (AMZN) Taps Bond Markets For $25 Billion As AI Debt Selloff Hammers Hyperscaler Securities

Amazon.com Inc. (AMZN) finalized a massive $25 billion investment-grade bond sale on Tuesday, dragging down outstanding hyperscaler debt across the secondary market. The eight-part offering drew $62 billion in peak investor demand, though appetite cooled sharply compared to Amazon’s blockbuster $37 billion debt sale in March. Investors sold existing securities to fund the new issue,…

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Jim Cramer Backs Honeywell Aerospace (HONA) As A Must-Own Pure-Play Before Wall Street Catches On

Honeywell Aerospace (NASDAQ: HONA) has just received a high-profile endorsement from CNBC’s Jim Cramer following its spinoff from Honeywell Technologies (NASDAQ: HON). The newly independent company began trading after Honeywell completed its separation on June 29, 2026, creating a standalone aerospace pure-play with a long operational history. Cramer spotlighted HONA during a Mad Dash segment,…

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Micron (MU) Slides Into Bear Market As Memory Cycle Fear Grips Investors

Micron Technology (NASDAQ: MU) shares have fallen sharply, dragging fellow memory stocks lower as investors question whether the sector’s historic rally has peaked. Micron and SanDisk (NASDAQ: SNDK) stocks were both down more than 6% in Tuesday’s pre-market trading, rattling confidence across the broader memory complex. The selloff was triggered in part by Samsung Electronics’…

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D-Wave Quantum (QBTS) Lands $1.57M NSF Grant To Advance Fault-Tolerant Quantum Computing

D-Wave Quantum Inc. (NYSE: QBTS) has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation through its National Quantum Virtual Laboratory program. The funding connects D-Wave to the ERASE project, which stands for Erasure Qubits and Dynamic Circuits for Quantum Advantage, targeting foundational fault-tolerant quantum computing technologies. D-Wave describes itself as…

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