US Politics & Business News
Read the latest business news today at Congress.net
Connecticut Innovations (CI), the state’s strategic venture capital arm, has announced a record-breaking fiscal year, generating $66.5 million in cash proceeds from a series of landmark portfolio exits. The organization reported a combined $76.1 million from all investment activities during the fiscal year ending June 30, 2026, marking its strongest performance to date. CI invested…
Aerospace and defense giant Raytheon (NYSE: RTX) is set to report its second-quarter earnings on Thursday before the market opens. Last quarter, RTX reported revenues of $22.08 billion, representing year-on-year growth of 8.7%, beating analysts’ revenue expectations. The company also beat analysts’ EPS estimates last quarter, marking a strong overall performance heading into this latest…
Real estate investment trusts have spent years in the shadow of high-flying technology and growth stocks, drawing little enthusiasm from mainstream investors. Rising interest rates punished REITs heavily in recent years, since these income-generating assets tend to move inversely to bond yields and borrowing costs. Now, with bond markets showing fresh signs of strain, at…
Millions of Americans carrying high-interest credit card debt turn to balance transfers as a strategy to reduce what they owe, but the process rarely goes as planned. One consumer recently discovered this the hard way, hoping to transfer $17,000 in credit card debt only to receive a $4,000 credit limit from Wells Fargo (WFC). This…
Second marriages bring joy but also complex financial and legal decisions, particularly when children from a prior relationship are part of the picture. One of the most pressing questions for remarried homeowners is whether a new spouse should inherit the family home, especially when adult or minor children from a first marriage exist. The stakes…
AST SpaceMobile, Inc. (NASDAQ: ASTS) has completed a $1.15 billion private offering of convertible senior notes, significantly bolstering its financial position heading into the second half of 2026. The Midland, Texas-based company closed $1.0 billion in aggregate principal of 1.625% convertible senior notes due 2034, with initial purchasers exercising their full option to buy an…
Shares of AST SpaceMobile (ASTS) climbed 2% overnight on Tuesday after CEO Abel Avellan announced that BlueBirds 8, 9, and 10 had fully deployed their massive communications arrays in low Earth orbit. The overnight gain followed a 10% jump during Tuesday’s regular session, pushing ASTS to $63.34, even as the stock continues tracking its worst…
Collins Aerospace, a business unit of RTX (NYSE: RTX), has completed integrated lab testing for the European Union’s Clean Aviation SWITCH project at The Grid facility in Rockford, Illinois. The Grid is Collins Aerospace’s advanced electric power systems lab, which has been operational since its opening in 2023, serving as a hub for cutting-edge aviation…
Chip stocks are surging again as investors reconsider whether the latest wave of Chinese AI models poses a threat or actually strengthens the long-term investment case. The rally has been driven in part by renewed debate around Kimi K3, an open-source AI model developed by China-based Moonshot AI that competes with leading closed U.S. models…
Generic drugs imported into the United States will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028. President Donald Trump announced the phased tariff schedule on Tuesday, describing the escalation as “a penalty” for companies that fail to build plants and facilities in the U.S. within…