US Politics & Business News
Read the latest business news today at Congress.net
Shares of AST SpaceMobile (ASTS) jumped nearly 12% on Wednesday, fueled by a fresh analyst initiation and a notable insider stock purchase. Investment firm Berenberg initiated coverage of AST SpaceMobile with a “Buy” rating and a $92 price target, roughly 65% above Tuesday’s closing price. Berenberg expressed confidence that AST SpaceMobile can build a profitable…
RTX Corporation (NYSE: RTX) is gaining significant momentum as rising geopolitical tensions push governments around the world to expand their defense budgets rapidly. The company’s stock has climbed roughly 9% year-to-date, reflecting growing investor confidence in RTX’s expanding defense backlog and long-term demand outlook. On September 1, the U.S. Department of War awarded RTX’s Raytheon…
Most workers believe maxing out a 401(k) means hitting the standard IRS elective deferral limit, but that assumption leaves significant retirement savings potential on the table. The employee deferral limit for 2026 stands at $24,500, representing the maximum you can contribute from your paycheck as pre-tax or Roth deferrals each year. However, 401(k) plans actually…
The Trump administration is mounting an unusually wide public push to stop the Federal Reserve from raising interest rates at its upcoming September meeting. President Donald Trump, Vice President JD Vance, Treasury Secretary Scott Bessent, and senior economic counselor Peter Navarro have all urged the Fed to avoid a rate hike or cut rates outright….
Berenberg launched bullish coverage of three major space sector stocks, pointing to falling launch costs and surging defense budgets as key catalysts for sector growth. Analyst Michael Filatov initiated coverage of AST SpaceMobile (NASDAQ: ASTS), Rocket Lab (NASDAQ: RKLB), and Planet Labs (NYSE: PL), all with Buy ratings, citing a rapidly expanding investable universe in…
Despite an extraordinary three-year run, D-Wave Quantum (QBTS) continues to trade at a significant premium relative to traditional valuation benchmarks. The stock has returned roughly 17 times its value over the past three years, placing intense scrutiny on how much future growth is already baked into the current price. With a value score of just…
General Dynamics (GD) is positioned to capitalize on surging U.S. investment in naval modernization and nuclear deterrence programs through its specialized defense capabilities. The company’s Mission Systems business provides critical fire-control and engineering capabilities that directly support the Navy’s strategic submarine and weapons programs. General Dynamics Mission Systems recently received a $194.1 million contract modification…
Tesla (TSLA) shares fell 6% on Friday after the electric vehicle maker’s highly anticipated Cybercab launch failed to impress investors watching the robotaxi market closely. The sell-off erased a 5.4% gain Tesla had recorded on Thursday ahead of the event, leaving shares down 16% year to date through Thursday’s close. That year-to-date decline makes Tesla…
In San Diego’s Hillcrest neighborhood, business owners fed up with violent acts and hate crimes began paying roughly $400,000 annually for daily unarmed security patrols in 2024. The Hillcrest Business Association plans to add approximately $150,000 to its security budget next year to fund a second shift of guards in the area. “It’s about setting…
A major analyst initiation from Berenberg sent two underperforming space stocks sharply higher in Wednesday morning trading, spotlighting a deepening fault line in sector valuations. AST SpaceMobile (NASDAQ: ASTS) surged 11% to $62.36, marking its sharpest single-session gain in weeks, while Planet Labs (NYSE: PL) climbed 5% to $20.14 on the same initiation coverage. Berenberg…