US Politics & Business News
Read the latest business news today at Congress.net
The United Kingdom’s economy grew 0.5% in February, the fastest monthly expansion since January 2024, according to official data released by the Office for National Statistics on Thursday. The figure exceeded analyst forecasts of just 0.1% and came alongside an upward revision to January’s previously reported flat reading, now showing 0.1% growth instead. For the…
Morgan Stanley has delivered the strongest quarterly performance in its history, reporting first-quarter 2026 net revenues of $20.6 billion and earnings per share of $3.43, both of which substantially exceeded analyst forecasts and pushed the stock higher in pre-market and regular trading on Wednesday. The results reflect a financial sector benefiting from elevated volatility, record…
Wells Fargo produced the most ambiguous result of Tuesday’s concentrated bank earnings session, beating the consensus earnings per share estimate of $1.58 with reported diluted EPS of $1.60 while simultaneously missing on net interest income in a way that investors refused to overlook. The stock fell approximately 4.8 percent through the trading session, making it…
West Texas Intermediate crude closed above $99 per barrel on Monday as the US naval blockade of Iranian ports took effect at 10am Eastern Time, reinstating the energy market anxiety that had briefly subsided during last week’s ceasefire rally. The day’s session illustrated in compressed form the uncomfortable reality facing global economies: the geopolitical situation…
Wall Street ended the week on a cautiously optimistic note on Friday, with the S&P 500 edging up 0.2% and the Nasdaq adding 0.4%, as investors balanced the relief of a fragile US-Iran ceasefire against lingering uncertainty over the Strait of Hormuz and a consumer sentiment reading that landed at a historic low. The broader…
Goldman Sachs is scheduled to report first-quarter 2026 earnings on April 13, the first major bank to report and therefore the first institution-level data point that will tell investors how Wall Street itself navigated one of the most volatile quarters in years. Goldman is expected to deliver on multiple fronts: trading revenues typically benefit from…
Before Tuesday night’s ceasefire changed the immediate calculus, UBS Global Wealth Management had already moved decisively, revising its year-end S&P 500 target from 7,700 to 7,500 and trimming its mid-year forecast from 7,300 to 7,000. The note, dated April 6, reflected a banking institution recalibrating for a world where oil remains elevated and geopolitical uncertainty…
US stocks managed a slim fourth consecutive day of gains on Monday, with the S&P 500 rising 0.44% to close at 6,611.83, the Dow adding 165.21 points to settle at 46,669.88 and the Nasdaq Composite gaining 0.54% to 21,996.34 — but futures reversed course after the close as Trump held a White House press conference…
Markets return to full trading on Monday for the first time since Thursday after observing the Good Friday holiday, with investors stepping back into a financial landscape shaped almost entirely by the ongoing US-Iran war and the diplomatic signals that have flickered into view over the past week. The S&P 500 enters Monday near the…
Tesla delivered 358,023 vehicles globally in the first quarter of 2026, missing Wall Street’s consensus estimate of approximately 365,645 units. The stock fell more than 5% on Thursday after the report, closing at $360.56, and is now down 20% for the year. The headline delivery number represented a 6% increase compared to Q1 2025, but…