US Politics & Business News
Read the latest business news today at Congress.net
Market pricing shifted sharply Thursday as traders raised the probability of a Federal Reserve interest rate hike next week to 70% in morning trading. The move followed a producer price index report showing wholesale prices rose 0.4% in August, pushing the annual PPI level to 5.4%, slightly above forecasts. The August PPI increase came on…
AST SpaceMobile (ASTS) is emerging as one of the fastest-growing companies in the space-based cellular broadband sector, posting extraordinary revenue gains in recent quarters. The company reported second-quarter revenue of $31.5 million in August, a dramatic surge compared to just $1.2 million in the same period a year earlier. That kind of growth trajectory has…
Shares in five of the most prominent quantum computing companies are climbing sharply today, even as broader markets experience a notable pullback across major indexes. The gains are being driven by a significant government funding announcement targeting three of the sector’s leading publicly traded firms, injecting fresh momentum into the nascent industry. Rigetti Computing (Nasdaq:…
Copper prices have surged to record levels, drawing fresh attention to the metal’s long-term trajectory and what it means for miners and investors alike. A chief executive of a listed copper company has weighed in on the sector’s outlook, pointing to a durable structural case for elevated prices over the long run. The global push…
The Trump administration has created a Transportation Department task force aimed at dramatically accelerating commercial space activity, targeting 10,000 FAA-licensed launches and reentries per year by 2035. Transportation Secretary Sean Duffy announced the Space Policy Administration, Coordination, and Execution, or SPACE, Task Force on Wednesday, with the body set to coordinate policy across the Department…
Both D-Wave Quantum Inc. (NASDAQ: QBTS) and Rigetti Computing Inc. (NASDAQ: RGTI) surged in premarket trading after securing landmark federal investment agreements. D-Wave shares climbed 5.73% premarket while Rigetti jumped 6.78% following the announcement of definitive agreements with the U.S. Department of Commerce. The deals were executed under the authority of the CHIPS and Science…
GE Aerospace (GE) shares trade at $337, putting the stock at 39 times trailing earnings, a valuation that demands a compelling underlying story to justify the price. The bullish case here is not about the earnings multiple at all — it centers entirely on cash generation and how fast that cash is arriving. Management has…
Hunter Biden’s $LAPTOP memecoin suffered a dramatic collapse, losing approximately 95% of its peak value within hours of launching on Coinbase’s Base blockchain. The token initially surged from roughly $37 per coin to more than $222 before crashing to around $1.80, wiping out the gains of countless buyers who entered near the top. According to…
Last year, Trump promoted a $2,000 tariff dividend for Americans that never resulted in actual payments being sent to households. Now the president is raising the stakes significantly, promising $5,000 checks to every adult American citizen after the midterms. Trump said: “If the Republicans win the House of Representatives and the United States Senate, both…
AST SpaceMobile (ASTS) has shed 24.4% over the past six months, a steep decline compared to the wireless equipment industry’s more modest drop of 3.1%. The stock has underperformed the Zacks Computer and Technology sector as well as the broader S&P 500, which posted gains during the same period. Rivals have fared considerably better, with…