US Politics & Business News
Read the latest business news today at Congress.net
Wall Street is heading into the second-quarter earnings season with unusually high expectations, forecasting S&P 500 earnings growth of 26.2% year over year. That figure represents the strongest consensus growth forecast heading into any earnings season outside of post-recession recovery periods, making the bar exceptionally high. What makes this cycle even more striking is that…
China’s economy expanded just 4.3% in the second quarter of 2026, its slowest pace since the fourth quarter of 2022, missing analyst expectations and raising fresh concerns about the country’s growth trajectory. The figure fell short of the 4.5% growth forecast in a Reuters poll and marked a significant deceleration from the 5% expansion recorded…
Shares of AST SpaceMobile (ASTS) snapped a three-session losing streak on Tuesday after the company confirmed its next BlueBird satellite launch was “imminent.” ASTS stock climbed 2% during Tuesday’s session, with shares adding another 0.4% in overnight trading late Tuesday. The company announced on X that BlueBird 11 had arrived at Cape Canaveral, with two…
Quantinuum’s long-awaited IPO has reignited investor enthusiasm for quantum computing, drawing fresh attention to pure-play names including Rigetti Computing (RGTI). The listing has fueled optimism that growing investor interest, fresh capital and a maturing ecosystem could accelerate the commercialization of quantum computing across industries. Pure-play quantum stocks including IonQ (IONQ), D-Wave Quantum (QBTS) and Quantum…
RTX (RTX) closed the most recent trading session at $193.39, posting a decline of 1.53% from the prior day’s closing price. The drop stood in contrast to a broader market rally, with the S&P 500 advancing 0.38% during the same session. The Dow Jones Industrial Average edged up 0.02%, while the technology-heavy Nasdaq gained a…
International Business Machines (IBM) shares logged their worst single-day decline on record Tuesday after the company issued a disappointing preliminary second-quarter earnings report. The stock plummeted 25%, surpassing the company’s previous worst day on record, when shares fell 23.7% on October 19, 1987. CEO Arvind Krishna pointed to a sudden and dramatic shift in customer…
Netflix (NFLX) has raised subscription prices for the second time in just over 14 months, drawing sharp criticism from lawmakers and consumer advocates across the country. The streaming giant increased its standard ad-supported plan to $8.99 per month, up from $7.99, while its ad-free standard tier climbed to $19.99 from $17.99 per month. The premium…
AST SpaceMobile (NASDAQ: ASTS) is pursuing one of the most ambitious goals in the telecommunications industry today. The company wants to deliver cellular coverage to every corner of the planet using a constellation of low-Earth-orbit satellites. Unlike direct-to-consumer satellite competitors, AST operates a carrier-first model that positions it as a partner to existing telecom giants…
IonQ (IONQ) shares have tumbled 36.4% over the past month, significantly underperforming other pure-play quantum computing stocks across the sector. Rival quantum companies have also struggled, with Rigetti Computing (RGTI) down 32.3%, D-Wave Quantum (QBTS) falling 28.9%, and Quantum Computing Inc. (QUBT) declining 27.9% over the same period. The sector-wide weakness arrives despite Washington intensifying…
RTX Corporation (RTX) continues to expand its footprint in the electronic warfare market through a broad portfolio of advanced attack, sensing and mission systems. The company’s capabilities span electronic attack technologies, advanced radar and sensors that collectively support modern military operations across multiple combat domains. One of RTX’s flagship offerings is the Next Generation Jammer…