Wall Street used to cheer every big Pentagon production promise. These days, it waits for the number attached to it. That habit showed up clearly on Monday, August 31. The Department of War signed seven-year framework agreements with General Dynamics (GD) and Lockheed Martin (LMT) to triple the production of the PAC-3 MSE interceptor and
US stocks ended lower on Monday as renewed military hostilities between the United States and Iran pushed oil prices higher and revived concerns about inflation and monetary policy. The decline came as investors prepared to close out a volatile August, with all three major indexes still on track to post monthly gains. The Dow Jones
Most companies would kill for the biggest problem Nvidia (NVDA) has. The AI-chip giant just generated $96.2 billion in quarterly revenue, more than double its sales from a year earlier. Its Data Center division reached $89 billion, and Nvidia forecasts another $108 billion of companywide revenue in the current quarter. Then management said something that
The Kospi Index has come under intense pressure in the past few months as top constituents like Samsung Electronics and SK Hynix lost momentum and as wary South Koreans pare back their leveraged bets. It dropped to 6,788 on Friday, down by 27% from its highest point this year. South Koreans ditch their leveraged bets
SpaceX (SPCX) stock investors have been taken on a choppy round trip since going public on June 12, 2026, with the stock touching a high of $225.64 before retreating to $137.95, back near its debut price. The pullback hasn’t slowed CEO Elon Musk’s ambitions, though. SpaceX’s engines have barely stopped humming since its IPO, and
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
For months, SpaceX (SPCX) investors have been asking a simple question. When does the spending start paying off? On Aug. 25, the company gave them a very large answer. SpaceX and Louisiana Governor Jeff Landry revealed plans to build a $100 billion spaceport in Vermilion Parish, a project the company is calling Starbase, Louisiana. State
The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped
Jim Cramer told his followers to buy stock in the defeated company Uber the week starting Monday, Aug. 17. A week later, on Aug. 25, Cramer came back on the “Mad Money” Lightning Round with another beaten-down name. I think Reddit is such a buy. No qualifications, no hedging, no “do your own research” preamble.
Jersey Mike’s (JMKE) capped its first month as a public company with a brief upward run that has since faded. The stock climbed as much as 8.8% over the past month before giving back those gains, and shares now trade back near the $23 IPO price. Then Loop Capital stepped in with a call that