US Politics & Business News
Read the latest business news today at Congress.net
Lockheed Martin (NYSE: LMT) broke ground on a new Munitions Production Center in Troy, Alabama on May 21, adding 87,000 square feet of production space to support Terminal High Altitude Area Defense interceptors and work on the Next Generation Interceptor programme. The facility represents one element of a broader plan by Lockheed Martin (NYSE: LMT)…
Salesforce (NYSE: CRM) reports first-quarter fiscal 2027 earnings after Wednesday’s close with the stock sitting approximately 38 percent below its January levels, making this one of the more consequential software prints of the summer for investor sentiment across the entire enterprise AI sector. Analysts are forecasting earnings per share of $3.13 and revenue of roughly…
BWX Technologies (NYSE: BWXT), the mid-cap nuclear technology and government services firm, has attracted renewed analyst attention following a combination of strong first quarter 2026 results, over $1.4 billion in freshly awarded naval contracts, and a Deutsche Bank upgrade that lifted the bank’s price target to $255 from $203 while moving the stock from Hold…
The diplomatic impasse between the United States and Iran over nuclear enrichment shows partial signs of movement, with Pakistan serving as the central mediating channel between the two sides and Qatar’s prime minister adding public support for the mediation framework that has kept both countries at the table despite persistent mutual distrust. Iran’s foreign minister…
US markets opened cautiously on Monday as investors absorbed the implications of Moody’s stripping the United States of its top-tier triple-A credit rating for the first time in the agency’s history. The downgrade, announced on Friday, lowered the country’s rating by one notch to Aa1, bringing Moody’s into line with S&P Global, which cut its…
Ford Motor Company (NYSE: F) received a price target increase from RBC Capital, which raised its target from $11 to $13 while maintaining a Sector Perform rating, as the automaker navigates a complex period that combines tariff-driven cost pressures with an active model refresh cycle across its core truck and commercial vehicle lineup. The stock…
CACI International (NYSE: CACI) climbed 4.2% to $502.63 after the company secured a $113.8 million contract from the United States Navy to support the Military Sealift Command’s integrated business systems. The agreement could extend through October 2031 if all available options are exercised, making the total potential value of the relationship substantially higher than the…
Cerebras Systems (NASDAQ: CBRS) made a spectacular entrance onto the Nasdaq on Thursday, with shares closing up 68% at $311.07 after the AI chipmaker priced its IPO at $185 per share, itself above an already elevated expected range of $150 to $160. The company sold 30 million shares, raising $5.55 billion in the largest initial…
The S&P 500 rose 0.58 percent to a new all-time closing high of 7,444.25 on Wednesday, as the Nasdaq Composite gained 1.2 percent to 26,402.34, both indexes extending their record streaks despite a hotter-than-expected producer price index reading for April. The Dow Jones Industrial Average moved in the opposite direction, shedding 67.36 points, or 0.14…
US technology and semiconductor stocks suffered a significant reversal on Tuesday after April’s consumer price index came in hotter than expected, confirming that the Iran war’s energy shock is feeding through to broader consumer prices and eliminating what little remained of market expectations for a Federal Reserve rate cut in 2026. The Nasdaq Composite fell…