US Politics & Business News
Read the latest business news today at Congress.net
RTX (NYSE: RTX) subsidiary Raytheon has secured a $22.9 billion, seven-year contract to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy. The contract was awarded as part of the Department of War’s Arsenal of Freedom initiative, which has already produced landmark agreements with defense suppliers. Under the terms of the deal, Raytheon…
AST SpaceMobile (ASTS) reported second-quarter 2026 revenue of $31.52 million, doubling sequentially from approximately $15.8 million recorded in the first quarter. Despite the strong sequential growth, the company fell short of analyst expectations, missing the $35.18 million consensus forecast by $3.66 million, a shortfall of approximately 10.4%. Management attributed Q2 revenue performance to commercial gateway…
Shares of AST SpaceMobile (ASTS) snapped a two-day losing streak on Monday, gaining 0.2% after declining more than 4% across the prior two sessions. The modest rebound came as the Federal Communications Commission continued its review of Ligado Networks’ application to operate L-band broadband payloads aboard 96 satellites in AST’s constellation. Ligado filed the request…
RTX (NYSE: RTX) subsidiary Raytheon has locked in a massive $22.9 billion contract with the U.S. Navy to produce Tomahawk cruise missiles over seven years. The long-term agreement requires Raytheon to scale production to more than 1,000 Tomahawk missiles per year across a broad supplier network. The deal involves coordination with hundreds of suppliers, underscoring…
The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) has hit its lowest trading level since June 2004, deepening a historic selloff in long-dated U.S. government debt. The BlackRock Inc. fund touched $81.80 on Friday, falling more than 50% from its March 2020 peak above $170, a staggering decline for one of the world’s biggest…
Rigetti Computing’s (RGTI) second-quarter 2026 results revealed a potentially significant shift in quantum computing demand, with commercial traction emerging alongside government and academic interest. Management noted the company is increasingly seeing commercial organizations purchase on-premises quantum systems, marking a departure from earlier patterns dominated by research institutions and government programs. Rigetti confirmed that its first…
RTX (NYSE: RTX), the aerospace and defense conglomerate behind Raytheon, Pratt & Whitney, and Collins Aerospace, has landed a landmark $22.9 billion U.S. Navy contract for Tomahawk cruise missiles. Shares climbed approximately 0.5% to $224.03 Monday morning as investors responded positively to one of the largest defense contracts awarded in recent memory. The seven-year agreement…
Chip stocks are rallying sharply as investors signal renewed confidence that artificial intelligence infrastructure spending remains robust and shows no signs of slowing. Micron Technology (NASDAQ: MU) climbed roughly 6% on Thursday, continuing a strong run driven by surging demand for AI-related memory products. SanDisk (NASDAQ: SNDK) posted an even more dramatic gain, soaring approximately…
The U.S. stock market has delivered its most powerful sustained rally in more than a quarter century, rewarding investors who chose to stay the course through persistent uncertainty. Despite a barrage of troubling headlines spanning geopolitical tensions, inflation concerns, and political turbulence, equity markets have continued climbing to remarkable heights. The lesson for everyday investors…
California industrial facilities that receive a 60-Day Notice alleging stormwater violations are not hearing from a government regulator. In the vast majority of cases, the notice comes from a private environmental organization exercising its right to sue under the citizen-enforcement provision of the federal Clean Water Act — and according to a new analysis, a…