US Politics & Business News
Read the latest business news today at Congress.net
SpaceX CEO Elon Musk publicly backed President Donald Trump’s proposed United States Space Academy after Trump signed an executive order establishing a commission to design it. Musk responded to the White House announcement on X with two rocket emojis, signaling his support for the initiative aimed at building America’s next generation of space talent. The…
Millions of Americans approaching retirement face a critical decision about when to claim Social Security spousal benefits, and the timing can mean the difference of hundreds of dollars each month. If your spouse has built a substantial Social Security record, you may be eligible to receive up to 50% of their primary insurance amount as…
Bank of England Governor Andrew Bailey has issued a stark warning that advanced artificial intelligence models could trigger a disorderly correction in global financial markets. Bailey delivered the warning in a two-page letter published Monday to G20 finance ministers and central bank governors, outlining the systemic risks posed by so-called frontier AI models. Writing in…
US Mobile plans to bring AST SpaceMobile-powered direct-to-cell satellite coverage to its Verizon-based Warp network during the fourth quarter of 2026. The announcement represents a potential new catalyst for shares of AST SpaceMobile (ASTS), which have faced persistent selling pressure in recent weeks. ASTS stock fell nearly 6% on Friday and ended last week down…
AI remained a central force powering tech stocks during the final week of August, drawing intense retail investor attention across several high-profile names. Nvidia (NVDA) reported fiscal second-quarter revenue of $96.2 billion on Aug. 26, representing a 106% increase from a year earlier and surpassing Wall Street’s $92.2 billion expectation. The chipmaker guided for approximately…
U.S. stock-index futures moved lower Sunday as investors weighed the growing probability of a fresh interest-rate increase from the Federal Reserve. Markets are now pricing in a 58% probability of a 25-basis-point rate hike at the September meeting, up sharply from 36% before Fed Chair Kevin Warsh’s speech Friday. Warsh told attendees at the annual…
China’s factory activity shrank for a second straight month in August, though the contraction was smaller than economists had anticipated, adding pressure on Beijing to shore up the slowing economy. The official purchasing managers’ index came in at 49.8 in August, an improvement from 49.2 recorded in July, according to data released Monday by the…
Freedom Fuel gas stations, promoted by the Trump administration for their low prices, allegedly sold fuel their supplier never received payment for, according to a newly filed lawsuit. Mansfield Oil Company filed the suit on August 19 in U.S. District Court in Eastern Pennsylvania, targeting KRSM, a foreign corporation linked to the Freedom Fuel Network….
After months of brutal losses, the software sector is staging a dramatic comeback that analysts say could have significant room left to run. The Morningstar US Software Application Index shed roughly 27% between October 2025 and mid-July 2026, even as the broader market gained nearly 15% over the same stretch. Stocks including Salesforce (CRM), ServiceNow…
U.S. margin debt has surged to a record $1.4 trillion in May, rising 54% from a year earlier, according to data from FINRA. The staggering rise in borrowed money reflects a broader cultural shift among both retail and institutional investors who are increasingly comfortable taking on significant financial risk. Leveraged exchange-traded funds, which produce double…