CONGRESS.NET

Invesco Aerospace and Defense ETF (NYSEARCA: PPA) Offers Single-Ticker Defense Exposure With Heavy Concentration at the Top

Anthony SinclairSeptember 26, 202605 mins

With defense budgets expanding sharply across the United States and Europe, the Invesco Aerospace and Defense ETF (NYSEARCA: PPA) has emerged as a popular single-trade option for investors seeking sector exposure. PPA holds 63 stocks spanning aerospace, defense, homeland security, and related technologies, giving it the appearance of a broadly diversified fund across the entire…

U.S. Orders For Chinese Goods Surge Ahead Of Trump-Xi Summit In Washington

Thomas ShelterSeptember 26, 202604 mins

American businesses sharply increased orders for Chinese goods in the weeks before the high-stakes summit between President Donald Trump and Chinese leader Xi Jinping. The jump came as a “surprise,” according to China Beige Book, a New York-based research firm that surveyed 1,295 Chinese companies between September 1 and 22. Shipments to the U.S. rose…

New York And New Jersey Declare States Of Emergency As Powerful Nor’easter Threatens Region

Anthony SinclairSeptember 26, 202604 mins

Governors in New York and New Jersey have declared states of emergency as a significant nor’easter brings heavy rain, strong winds, and dangerous flooding to the region. New York Governor Kathy Hochul and New Jersey Governor Mikie Sherrill both announced Friday they would issue emergency declarations ahead of the weekend storm. “I’m declaring a State…

Lloyds (LLOY.L) Reports 24% Surge In Romance Scams As Gen Z Victims Rise Sharply

Thomas ShelterSeptember 26, 202605 mins

Romance scam reports at Lloyds Banking Group have jumped 24% over the past year, with younger adults driving a significant portion of that increase. The bank compared scams reported by customers between September 1, 2025 and August 31, 2026 with those recorded in the previous 12-month period. Reports involving victims aged 18 to 24 surged…

AST SpaceMobile (ASTS) Gains Ground As Broader Market Stumbles

Anthony SinclairSeptember 25, 202603 mins

AST SpaceMobile, Inc. (ASTS) closed at $61.06 in the latest trading session, representing a solid gain of 1.8% from the previous day’s closing price. The stock outperformed the S&P 500, which posted a marginal daily loss of 0.03%, demonstrating relative strength against broader market weakness during the session. The Dow Jones Industrial Average declined by…

Quantum Computing Stocks IONQ, RGTI, And QBTS Face Q3 Pressure Despite Policy Tailwinds

Thomas ShelterSeptember 25, 202605 mins

As the third quarter nears its close, quantum computing stocks are caught between accelerating technological progress and persistent investor skepticism over commercialization timelines. IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) have each announced significant developments since their second-quarter results, yet shares remain volatile and under pressure. The Federal Reserve raised its federal funds…

RTX (RTX) Underperforms Broader Market With Nearly 2% Single-Day Decline

Anthony SinclairSeptember 25, 202603 mins

RTX (RTX) closed the most recent trading session at $188.61, representing a decline of 1.86% from the prior trading day. That drop significantly lagged the S&P 500, which recorded a modest daily loss of just 0.03% during the same session. The Dow Jones Industrial Average fell 0.31% on the day, while the Nasdaq, a tech-heavy…

Novo Nordisk Licensing Deal Worth $1.33 Billion Sends Nanexa (NANEXA) Stock Surging Over 120%

Thomas ShelterSeptember 25, 202604 mins

Novo Nordisk (NVO) has struck a major licensing agreement with Swedish drug-delivery firm Nanexa just days after a disappointing capital-markets event rattled investor confidence. Shares in Uppsala-based Nanexa more than doubled in early Friday trading after the global licensing deal, valued at up to approximately €1.17 billion ($1.33 billion), was announced. Novo Nordisk’s U.S.-listed shares…

Rising Treasury Yields Create A Policy Dilemma For Fed Chairman Kevin Warsh

Anthony SinclairSeptember 25, 202606 mins

The bond market is sending conflicting signals to the Federal Reserve, forcing policymakers into a difficult balancing act that could determine the economy’s trajectory. Treasury yields continued climbing Thursday as investors priced in persistently elevated inflation, rising energy costs, and the financial pressures of a global artificial intelligence investment arms race. The Fed has historically…

Why Are There No Term Limits for Congress

House GOP Erupts In Open Battle Over Committee Chair Term Limit Waivers

Thomas ShelterSeptember 24, 202605 mins

House Republicans are locked in a deepening internal conflict over whether longtime committee chairs should receive exemptions from the party’s six-year term limits rule. Agriculture Chair G.T. Thompson of Pennsylvania and Armed Services Chair Mike Rogers of Alabama have both signaled they intend to seek waivers after leading their committees for six years. Rep. Ken…