US Politics & Business News
Read the latest business news today at Congress.net
The question of when to claim Social Security benefits remains one of the most consequential financial decisions American retirees face each year. Many financial planners traditionally advise clients to weigh their life expectancy when deciding whether to claim benefits early, at full retirement age, or delay until age 70. The conventional wisdom holds that those…
After a person dies, their bank account does not simply freeze in place while the estate waits to be settled by the courts. Standing orders tied to cellphone bills, utilities, rent, and mortgage payments can continue drawing from the account until the bank receives an official death certificate. Streaming subscriptions from services such as Apple…
The idea that investors can build a portfolio that sidesteps artificial intelligence exposure has become increasingly difficult to defend in 2026. The U.S. stock market and the AI economy are now so deeply intertwined that avoiding AI is less a strategy and more a fiction for most retail and institutional investors alike. A small cluster…
Shares of AST SpaceMobile (ASTS) plunged 12% overnight Wednesday after the company announced a $1 billion convertible note offering that rattled investors and sparked acquisition speculation. ASTS stock had already fallen 4% during Wednesday’s session and is down nearly 10% for the week, putting it on track for a second straight weekly decline. The company…
Cooling inflation has done little to restore investor confidence in speculative growth stocks, leaving quantum computing names among the hardest hit in recent weeks. U.S. consumer inflation slowed to 3.5% in June from 4.2% in May, while core inflation held steady at 2.6%, according to data released July 14, 2026 by the U.S. Bureau of…
Michael Brandmeyer, co-CIO of Goldman Sachs Asset Management’s External Investing Group, has offered a bold prediction about the long-term trajectory of the space economy. Speaking on the firm’s Exchanges podcast episode titled “The Growth of the Space Industry,” Brandmeyer argued that space will eventually underpin nearly all commercial activity. His central prediction was direct: “I…
United Airlines (UAL) warned investors Wednesday that it expects nearly $6 billion in additional fuel expenses this year compared with its estimates at the start of 2026. A renewed surge in oil prices has placed enormous pressure on the carrier’s third-quarter and full-year profit outlooks, forcing a significant reassessment of costs. Jet fuel prices at…
J.B. Hunt Transport Services (JBHT) delivered an optimistic outlook to investors, citing a meaningfully tighter trucking market than the company anticipated heading into 2026. Management made the upbeat remarks at the Barclays 43rd Annual Industrial Select Conference in Miami, drawing attention from analysts tracking the freight sector. “Demand seems to be a little bit more…
The FIFA World Cup delivered a measurable boost to bars, restaurants, and hotels in host cities, but the gains failed to offset wider economic softness, according to a new Federal Reserve report. The Fed’s Beige Book, released Wednesday, offered a mixed portrait of an economy where a major global sporting event could not fully overcome…
AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced plans to raise $1.0 billion through a private offering of convertible senior notes maturing in 2034. The Midland, Texas-based company is targeting qualified institutional buyers under Rule 144A of the Securities Act of 1933 for the proposed debt transaction. AST SpaceMobile is also offering initial purchasers an option…