US Politics & Business News
Read the latest business news today at Congress.net
Global equity markets may be entering a period of seasonal weakness this summer, according to strategists at JPMorgan, one of Wall Street’s largest financial institutions. The warning signals a potential shift in investor sentiment after months of strong performance driven largely by enthusiasm around artificial intelligence and technology sector growth. JPMorgan analysts suggest that AI…
After a bruising selloff in chip stocks, Morgan Stanley strategists are pointing investors toward AI hyperscalers and other overlooked sectors as the next big opportunity. Morgan Stanley’s CIO and Chief U.S. Equity Strategist Mike Wilson released analysis examining the sharp pullback in semiconductor stocks and what it signals for broader market positioning going forward. The…
Technology-focused hedge fund Whale Rock Capital Management has emerged as a cornerstone investor in SK Hynix’s landmark U.S. stock market listing, expected to begin trading under the ticker SKHY on July 10. The $29 billion listing could rank among the three largest first-time share sales on record, and may represent the biggest-ever U.S. debut by…
The practice of financial advisers hosting free meals to attract potential clients has become increasingly common, drawing scrutiny from retirees and consumer advocates alike. Older Americans with retirement savings often find themselves targeted by financial advisers offering complimentary dinners at upscale steakhouses in exchange for attending investment seminars. The pitch is straightforward: enjoy a free…
The bitter legal dispute between Brad Pitt and Angelina Jolie over their French winery, Château Miraval, continues to drag through the courts with no resolution in sight. The former couple has been locked in litigation since 2022 over the $164 million wine business they once co-owned in the south of France. Pitt and Jolie married…
Comcast has announced plans to acquire ITV’s Media and Entertainment business through its UK pay-TV subsidiary Sky, valued at up to £1.6 billion, or roughly $2.14 billion. The deal comes just one week after Comcast revealed its plan to spin off NBCUniversal into a separate publicly traded company, and sources say the timing of both…
Shares of AST SpaceMobile (ASTS) gained 1% in overnight trading Sunday following a landmark satellite emergency communications test conducted by Vodafone Ireland in Europe. Vodafone Ireland partnered with the Office of the Government Chief Information Officer to demonstrate how integrated terrestrial and low-Earth-orbit direct-to-device satellite broadband could sustain communications during storms, power outages, and coverage…
OPEC+ has agreed to raise production targets for August, adding further supply to a global oil market already struggling under falling crude prices. The group approved an increase of 188,000 barrels per day for August during an online meeting, following similar increases already implemented for June and July. Seven core members of the alliance have…
Investors are increasingly looking beyond crowded artificial intelligence software trades as first-half momentum shows signs of fading heading into the second half of 2026. Over the past six months, the dominant market narrative has heavily favored massive AI and compute infrastructure rallies, concentrating capital in a narrow set of mega-cap technology names. By July, those…
AST SpaceMobile (ASTS) shares rocketed higher this week, outpacing broader market gains by a wide margin as investors cheered a series of positive operational developments. The stock jumped 17.7% as of 2:30 p.m. ET on Monday, June 29, while the S&P 500 and Nasdaq Composite gained just 1.6% and 1.9%, respectively. AST SpaceMobile delivers broadband…