US Politics & Business News
Read the latest business news today at Congress.net
AST SpaceMobile (ASTS) shares climbed 4% following its second-quarter earnings report, even as the company missed revenue estimates and widened its per-share loss. Rocket Lab (RKLB), despite delivering record revenue and above-consensus guidance, saw its shares edge lower after results, drawing a significant buy from ARK Investment Management. Rocket Lab posted Q2 revenue surging 62%…
Howmet Aerospace Inc. (HWM) delivered stronger-than-expected second-quarter 2026 results on Aug. 6, impressing investors with both earnings and revenue growth. Earnings per share beat the Zacks Consensus Estimate by 8.1% and surged 46% year over year, signaling robust operational momentum across the business. Total revenues reached $2.55 billion, topping the consensus estimate of $2.41 billion…
Super Micro Computer Inc. (SMCI) is climbing back into Wall Street’s favor after delivering a strong fourth-quarter earnings performance that sent shares sharply higher in extended trading. The data center server maker reported fourth-quarter adjusted earnings per share of $1.70, comfortably beating the analyst consensus estimate of $1.59 per share. Revenue for the quarter came…
Despite reporting an earnings miss, AST SpaceMobile (ASTS) managed to hold its ground, showing notable resilience that has caught the attention of technical traders. The stock’s ability to absorb negative earnings news without a significant selloff is often viewed as a bullish signal in technical analysis circles. Market observers are now pointing to AST SpaceMobile’s…
AST SpaceMobile (NASDAQ: ASTS) is edging closer to full commercial operations as its BlueBird satellite constellation grows steadily larger in orbit. SpaceX (NASDAQ: SPCX) has now launched six of AST SpaceMobile’s BlueBird satellites in 2026, including BlueBirds 8 through 10 in June and BlueBirds 11 through 13 on August 5. The latest Falcon 9 mission…
Lockheed Martin shareholders sitting on strong year-to-date gains have a compelling options trade available that generates real income today regardless of where the stock moves. Lockheed Martin (LMT) shares currently trade around $603.16, roughly 10% below their 52-week high, even as the company reported an all-time high backlog of $230 billion with accelerating sales growth….
CoreWeave shares jumped in after-hours trading Tuesday after the AI cloud infrastructure company posted second-quarter results that topped analyst expectations on both revenue and earnings. Revenue surged 112% year-over-year to $2.58 billion, exceeding the $2.56 billion analysts had forecast, while the adjusted loss per share came in at $1.03 against an expected loss of $1.20….
Lumentum Holdings (LITE) reported fourth quarter fiscal 2026 results that showed revenue more than doubling on a year-over-year basis, powered by surging AI-related demand. Revenue for the quarter reached $1.01 billion, surpassing the analyst consensus estimate of $984.57 million and marking a 109% increase from $480.7 million in the prior year period. The revenue surge…
Coming into unexpected money can be both exciting and overwhelming, leaving many people unsure of the smartest path forward for their finances. Certificates of deposit, commonly known as CDs, are among the most frequently considered options for people looking to park a lump sum safely. CDs are time-deposit savings products offered by banks and credit…
The commercial space sector is drawing intense investor attention as several companies position themselves for extraordinary long-term revenue growth over the next decade. AST SpaceMobile (ASTS) has launched 10 commercial low-Earth orbit satellites so far, targeting a rapidly expanding market in satellite-based connectivity services. Unlike SpaceX’s Starlink, which powers its own first-party satellite internet service,…