In This Story Shaken by geopolitical shocks, the S&P 500 was flat last week and the Nasdaq nosed just into the red — but the Dow Jones Industrial Average finished significantly lower, weighed down by a double blow from UnitedHealth (UNH) and Nvidia (NVDA). How Trump’s tariffs could make your iPhone cost $3,500 UnitedHealth slashed…
The United States has delivered the first advanced F-16 fighter aircraft to Taiwan, a self-governed island that is threatened by its powerful neighbor, China, with the use of force. Newsweek has emailed both the Chinese defense and foreign ministries for comment. Why It Matters The Chinese Communist Party has claimed that Taiwan is part of…
Prime Minister Keir Starmer recently boarded one of the UK’s four nuclear-armed submarines for a photo call as part of his attempts to demonstrate the UK’s defense capabilities as tensions with Russia continue. However, Starmer faces a problem. The submarine and the rest of the UK’s nuclear fleet is heavily reliant on the US as…
HUNTSVILLE, Ala. — The U.S. Army plans to conduct a live shot with its Typhon missile system in Australia this summer during the Talisman Sabre exercise, marking the first firing of the long-range strike weapon on foreign soil, according to Maj. Gen. Frank Lozano, program executive officer for missiles and space. The Army will deploy…
Chicago, IL – March 25, 2025 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Lockheed Martin LMT, Bank of America (BAC), Boeing BA and Super Micro Computer SMCI. Tariff fears have been the proverbial pebble in the shoe for U.S. equity markets since late February, leading to a rapid 10% correction in the S&P…
Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a…
Despite the changing relationship between Washington and Beijing over the decades, the US defence industry has seen marked contributions from experts of Chinese heritage since at least the dawn of the nuclear age. But rising competition between the two powers, along with a general anti-China sentiment in research and development, has narrowed the path into…
Chinese arms contractors were among the global defence suppliers who flocked to the Middle East to showcase their latest counter-unmanned aerial vehicles (CUAV) during the region’s largest military exhibition. The turnout for the International Defence Exhibition (IDEX) this week in Abu Dhabi, capital of the United Arab Emirates, was another sign of the increasingly important…
Billionaire entrepreneur Elon Musk, selected by US President-elect Donald Trump to lead efforts to reduce federal government spending, made headlines Monday by criticising modern fighter jets and advocating for drones as the future of air warfare.“Manned fighter jets are obsolete in the age of drones anyway. Will just get pilots killed,” Musk said on his…
A model showing what a next-generation fighter might look like will go on show at China’s biggest air show this week as the country looks to gain an edge in the race to develop futuristic warplanes. The Baidi, or White Emperor, is a project from the state-owned aerospace and defence conglomerate AVIC to develop what…