US Politics & Business News
Read the latest business news today at Congress.net
SpaceX held its ground better than any rival this week, with SPCX falling just 0.4% while the broader space sector sold off sharply. RKLB declined 5%, FLY lost 6%, PL dropped 7%, ASTS shed 8%, and RDW slid 9% over the same period. Starship Flight 14 reached orbit on Monday, successfully deploying 26 Starlink V3…
RTX Corporation (RTX) subsidiary Raytheon has secured a $511.5 million modification contract to purchase spares and exercise options for hardware production of the AN/SPY-6(V) family of radars. The contract was awarded by the Naval Sea Systems Command in Washington, D.C., extending Raytheon’s role as a key supplier of advanced naval radar systems. Work under the…
A 67-year-old retail worker earning $19.50 an hour at a big-box store is searching for a clear path out of the workforce before it’s too late. The worker’s blunt sentiment captures a frustration shared by millions of older Americans still grinding through physically demanding jobs well past traditional retirement age. The individual began claiming Social…
The U.S. labor market stumbled badly in September, producing far fewer jobs than economists had anticipated and raising fresh questions about the economy’s momentum. Nonfarm payrolls rose a seasonally adjusted 29,000 for the month, well short of the 84,000 gain that economists surveyed by Dow Jones had forecast heading into the report. The unemployment rate…
A fresh Falcon 9 rideshare mission has ignited a broad rally across the space sector, with launch providers capturing the sharpest gains in early trading. SpaceX (NASDAQ: SPCX) shares are trading at $156.76, up 6% in early trading following the successful deployment of payloads on another rideshare flight. Rocket Lab (NASDAQ: RKLB) is outpacing SpaceX…
TD Cowen has initiated coverage on IQM’s U.S.-listed shares with a Buy rating, pointing to the quantum computing developer’s early positioning as a key competitive advantage. The analyst firm’s bullish call highlights IQM’s potential to benefit from two of the most powerful forces reshaping the technology landscape: artificial intelligence and supercomputing. Quantum computing stocks have…
RTX secured a major new missile contract worth billions of dollars, yet the company’s stock has shown virtually no positive reaction to the news. The defense giant’s shares slipped 0.18% even as the broader S&P 500 climbed 0.73%, highlighting a clear disconnect between business wins and market performance. Investors and analysts are asking a pointed…
The Vatican and one of the world’s most powerful artificial intelligence companies have collided over a deeply philosophical question that carries significant real-world consequences. At the heart of the dispute is Anthropic co-founder Christopher Olah, a senior researcher at the AI company, who attempted to influence Pope Leo XIV’s position on machine consciousness ahead of…
Women have outnumbered men in the U.S. workforce for eight straight months as of September, the longest such streak in over fifteen years. That finding comes from an analysis of government data conducted by Indeed, the job search platform, which tracked the persistent gender gap through the latest reporting period. “Back then, the gap emerged…
AST SpaceMobile (ASTS) is heading toward its worst weekly performance in over a month after B. Riley issued a significant downgrade on Friday, citing growing competitive threats. B. Riley downgraded ASTS to ‘Neutral’ from ‘Buy’ and cut its price target to $65 from $85, a reduction of more than 20% from its previous target. Despite…