US Politics & Business News
Read the latest business news today at Congress.net
U.S. diesel prices have broken through a historic threshold, hitting $6.00 per gallon for the first time ever, according to live GasBuddy data recorded on Thursday. The national average diesel price climbed further to $6.05 per gallon by Friday, according to AAA’s tracker, marking the first time the figure has breached the $6 mark on…
August wholesale prices climbed 0.4% on a seasonally adjusted basis, matching the Dow Jones consensus and reinforcing concerns about persistent inflation in the U.S. economy. The Bureau of Labor Statistics reported that the producer price index, a key measure of final demand costs for goods and services, held pace with expectations for the month. On…
Rocket Lab (RKLB) CEO Peter Beck is cautioning investors that surging enthusiasm across the AI and space sectors may not be sustainable. Beck described the current market environment as “piping hot,” warning that ballooning valuations across both industries could eventually collapse under their own weight. Speaking to Newstalk ZB, Beck acknowledged that his company’s fundamentals…
Three of the quantum computing industry’s most prominent pure-play companies now count the U.S. federal government among their official backers. Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT) each finalized funding agreements with the U.S. Commerce Department, securing up to $100 million apiece under the CHIPS Act. The funds are earmarked specifically for research…
RTX Corporation (RTX) has been drawing significant attention from investors, making it worth examining the key factors that could shape its near-term performance. Shares of the aerospace and defense company have returned -11.3% over the past month, compared to the Zacks S&P 500 composite’s -1.4% decline over the same period. The broader Zacks Aerospace –…
Oracle topped Wall Street expectations for first-quarter revenue and raised its annual profit forecast, driven by surging enterprise demand for AI-powered cloud services. The company reported fiscal first-quarter results that beat analyst estimates, sending Oracle stock up 7% in after-hours trading on the strength of its cloud business. Cloud infrastructure revenue more than doubled during…
AST SpaceMobile (ASTS) has shed approximately 7.7% since its most recent earnings report, underperforming the broader S&P 500 over the same period. The decline has investors questioning whether the stock faces continued pressure heading into its next earnings release or whether a breakout could be on the horizon. AST SpaceMobile reported lackluster second-quarter 2026 results,…
D-Wave Quantum (QBTS) shares jumped 9% on Tuesday morning after the company signed a definitive agreement with the U.S. Department of Commerce for significant federal funding. The agreement grants D-Wave access to “up to $100 million” in funding under the U.S. CHIPS and Science Act, marking a major milestone for the quantum computing firm. D-Wave…
RTX Corporation (RTX) is positioning itself for sustained commercial aerospace growth as Pratt & Whitney accelerates support capabilities for its Geared Turbofan engine family. The GTF aftermarket network expanded to 21 facilities worldwide in 2025, with PW1100G-JM shop-visit output rising approximately 26% year over year. That expansion gives RTX a broader platform to serve an…
The world’s commodity markets face pressure from multiple fronts, as conflicts beyond the Strait of Hormuz send fresh shockwaves through fuel and food supply chains. Intensifying violence in the Black Sea region threatens to disrupt global grain trades at a moment when markets remain particularly fragile and exposed. Heat waves compounding the disruption from armed…