US Politics & Business News
Read the latest business news today at Congress.net
Gen Z is quietly reshaping the American housing market, defying widespread expectations that high prices and elevated mortgage rates would lock the generation out entirely. New data shows Gen Z accounted for 1 in 5 home purchase rate locks in the second quarter of 2026, a record for the generation, according to ICE Mortgage Technology’s…
Honeywell Aerospace (NASDAQ: HONA) has just received a high-profile endorsement from CNBC’s Jim Cramer following its spinoff from Honeywell Technologies (NASDAQ: HON). The newly independent company began trading after Honeywell completed its separation on June 29, 2026, creating a standalone aerospace pure-play with a long operational history. Cramer spotlighted HONA during a Mad Dash segment,…
D-Wave Quantum Inc. (NYSE: QBTS) has secured a $1.57 million grant from the US National Science Foundation, strengthening its position in the rapidly evolving quantum computing sector. The grant was officially awarded on June 30, marking a significant milestone for the company as it deepens its involvement in federally supported quantum research initiatives. The funding…
The Strait of Hormuz crisis has demonstrated for the first time that a maritime chokepoint can be weaponized for cash extraction as much as for military leverage. When Iran attempted to impose transit tolls on ships this spring, Secretary of State Marco Rubio dismissed the move as illegal, stating “No country is allowed to charge…
Rivian Automotive (RIVN) stock suffered its steepest single-day decline in nearly two years on Tuesday, plunging 18% after the company announced a major public share offering. The electric vehicle maker said it plans to sell 75 million shares of its Class A common stock in a public offering, triggering immediate and sharp selling pressure from…
Micron Technology (NASDAQ: MU) shares have fallen sharply, dragging fellow memory stocks lower as investors question whether the sector’s historic rally has peaked. Micron and SanDisk (NASDAQ: SNDK) stocks were both down more than 6% in Tuesday’s pre-market trading, rattling confidence across the broader memory complex. The selloff was triggered in part by Samsung Electronics’…
Vodafone Ireland used AST SpaceMobile’s BlueBird satellites to successfully run voice and data services for emergency communications across Europe. The test demonstrated that frontline responders could maintain connectivity even when ground-based networks were completely unavailable. The result marks a significant operational milestone for AST SpaceMobile (NasdaqGS: ASTS), shifting the company’s story from theoretical capability to…
D-Wave Quantum Inc. (NYSE: QBTS) has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation through its National Quantum Virtual Laboratory program. The funding connects D-Wave to the ERASE project, which stands for Erasure Qubits and Dynamic Circuits for Quantum Advantage, targeting foundational fault-tolerant quantum computing technologies. D-Wave describes itself as…
Lockheed Martin (LMT), the world’s largest defense contractor, has announced a definitive agreement to acquire Ultra Maritime for $3.45 billion, deepening its undersea warfare capabilities. Ultra Maritime specializes in anti-submarine warfare, bringing advanced sonar, torpedo defense, and autonomous sensing technologies into LMT’s Rotary and Mission Systems division. The acquisition signals Lockheed’s strategic push to deliver…
Adobe (ADBE) stock has declined roughly 63% over the past five years, yet valuation metrics now suggest the software giant trades at a significant discount to peers. The company currently carries a price-to-earnings ratio of 12.1x, well below the broader software industry average of 28.1x and a peer group average of 57.4x. A forward P/E…