US Politics & Business News
Read the latest business news today at Congress.net
RTX Corporation (RTX) has delivered a remarkable 181.5% return over the past five years, yet current analysis suggests the stock is now trading close to its fair value rather than offering a clear bargain. A Discounted Cash Flow model based on RTX’s projected future cash generation points to an estimated intrinsic value of approximately $232…
The Centers for Medicare and Medicaid Services has announced it will discontinue a key program that helped keep prescription drug premiums affordable for millions of Americans. The Part D Premium Stabilization Demonstration, launched in 2025, provided critical financial relief to beneficiaries enrolled in standalone Medicare prescription drug plans. CMS released preliminary technical Medicare Part D…
Bloom Energy (BE) reported its strongest quarterly sales result ever, with revenue surging 166% year-over-year to $1.07 billion for the second quarter ended June 30. The milestone marks the first time the fuel-cell power systems manufacturer has crossed the billion-dollar threshold in a single quarter. Wall Street had estimated approximately $834 million in revenue, meaning…
AST SpaceMobile, Inc. (ASTS) closed the most recent trading session at $56.55, registering a decline of 2.99% from the prior session’s closing price. The move contrasted sharply with the S&P 500, which posted a daily gain of 0.21% during the same period. The Dow Jones Industrial Average advanced 1.03% on the day, while the tech-heavy…
Semiconductor stocks and artificial intelligence names came under heavy pressure Monday following a dramatic trading debut by Chinese memory chip maker ChangXin Memory Technologies, known as CXMT. The major indexes slid as a chip stock selloff rippled across Wall Street, catching investors off guard with the scale and speed of the market reaction. Reports that…
Zacks Research Daily has released its latest analyst reports, spotlighting 16 major stocks including Alphabet Inc. (GOOGL), Advanced Micro Devices, Inc. (AMD), and RTX Corp. (RTX). Alphabet shares have outperformed the Zacks Internet – Services industry over the past year, gaining 67.3% compared to the industry’s 58.6% return. The company’s AI-led product cycle continues to…
Ford Motor (F) has matched rival General Motors by lifting its full-year earnings guidance, sending shares surging nearly 7% in after-hours trading Wednesday. The Detroit automaker reported second-quarter adjusted earnings per share of $0.42, topping Wall Street’s consensus estimate of $0.36, according to Bloomberg data. Ford posted Q2 automotive revenue of $44.89 billion, compared to…
Seagate Technology Holdings (STX) delivered a powerful quarterly earnings report, with revenue and profit both surpassing Wall Street estimates by a significant margin. Fourth-quarter revenue climbed 48.5% to $3.63 billion, comfortably ahead of the analyst consensus estimate of $3.49 billion for the period. The Singapore-based company posted quarterly earnings of $5.71 per share, beating the…
Three major space sector stocks have collapsed dramatically from their highs, raising serious concerns among investors tracking the industry’s volatile momentum. Planet Labs (PL), Rocket Lab (RKLB), and AST SpaceMobile (ASTS) have all followed a strikingly similar trajectory, surging earlier before reversing course with painful speed. Each of these three companies reached a notable peak…
The AI infrastructure trade faced significant pressure in July as investors questioned whether hyperscalers can maintain high capital spending while delivering attractive returns. Those concerns deepened after Alphabet (GOOGL) raised its 2026 capital expenditure guidance to $195-$205 billion, up from a prior range of $180-$190 billion. Reports that NVIDIA (NVDA) is considering financing guarantees for…