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☆ Take a look at the 'Mighty Dragon,' China's $120 million stealth fighter meant to rival the US Air Force's fifth-gen jets
▼ + stars: | 2024-05-17 | by ( Marielle Descalsota | Lauren Frias | ) www.businessinsider.com time to read: +1 min

The Chinese jet has drawn comparisons to the F-35 since the jets were locked in military encounters in 2020. The Chengdu J-20 and the Lockheed Martin F-35. Ju Zhenhua/Xinhua/Getty Images; rancho_runner/iStock /Getty Images PlusThe F-35 jet was introduced to the US military in July 2015. There are three variants of the jet: the conventional takeoff and landing F-35A, the short takeoff and vertical landing F-35B, and the carrier-based F-35C. Lockheed Martin touts the F-35 as the "most advanced fighter jet in the world," with very low observable stealth, advanced sensors, information fusion, and network connectivity.

Persons: Lockheed Martin, Ju Zhenhua, Kenneth Wilsbach, Wilsbach Organizations: Lockheed, Getty, US Air Force, China Morning Post, US Pacific Air Forces Locations: Chengdu, Xinhua, East

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the U.S. spends trillions being the world's 'top cop'President Joe Biden signed a $95 billion military aid package in April 2024, including funds for Ukraine and Israel. Military spending often bolsters the U.S. defense industry. The five largest U.S. defense companies, Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman, had Department of Defense contracts totaling more than $118 billion in fiscal year 2022. Watch this video to learn more about where the U.S. sends military aid and personnel and the global impact of defense spending.

Persons: Joe Biden, Lockheed Martin, RTX, Northrop Grumman Organizations: Military, U.S, Lockheed, Dynamics, Boeing, Northrop, of Defense Locations: U.S, Ukraine, Israel

U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. On top of that, the National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. A big chunk of that money will go to bolster the American defense industry. So where does the U.S. send military aid and personnel and how does defense spending affect the world at large?

Persons: Joe Biden, Gregory Hayes, CNBC's, Lockheed Martin, RTX, Northrop Grumman Organizations: National Defense, U.S, Dynamics, Boeing, Northrop, Northrop Grumman —, of Defense, Congressional Research Service Locations: Ukraine, Israel, Taiwan, U.S

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

☆ 2. Anduril Industries
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

As the U.S. military modernizes and new aerial threats have defined recent wars, defense technology company Anduril Industries is getting ahead with a tech-smart, Silicon Valley approach in selling to the Pentagon, recently introducing several new AI-powered drones, and supplying Ukraine. Anduril has emerged as a disruptor to traditional contractors such as Lockheed Martin, Raytheon and Northrop Grumman and a competitor to several defense unicorns such as Shield AI and Epirus. The company is getting ahead in the defense sector by proactively financing its own research and product development, and then making sales — a departure from the standard military contract-and-then-build process. Loaded with venture capital funding from major investors Andreessen Horowitz, Founders Fund and General Catalyst, Anduril is on a fast track. Last year, Anduril launched several new drones that rely on its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems to perform complex missions.

Persons: Anduril, Lockheed Martin, Northrop Grumman, Palmer Luckey, Brian Schmipf, Andreessen Horowitz, Catalyst Organizations: Anduril Industries, Pentagon, Lockheed, Raytheon, Northrop, VR, Facebook, Founders Fund, U.S . Locations: Ukraine

☆ Citi makes the bull case for defense stocks and gives its favorite picks
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Nonetheless, Citi remains confident in "the bull case for defense." Defense companies historically trade at a premium to the rest of the market when defense budgets grow, Gursky said. Here are some of Citi's favorite defense picks, all of which have a buy rating from the bank. Citi's $525 price target implies almost 12% upside from Friday's close.

Persons: Jason Gursky, Gursky, Leidos, Lockheed Martin Organizations: Citi, P Aerospace, Defense, Citigroup, Leidos Holdings, Lockheed, SAIC, International Corps Locations: Friday's

CNN —As one of the lead negotiators for students protesting inside the grounds of Columbia University, Mahmoud Khalil said his primary objective was to get the university to sever all financial ties with Israel. Khalil said Columbia never put anything in writing, instead making offers verbally. But without a firm promise, Columbia’s offer didn’t go far enough for Khalil and other protesters, since the university had previously rejected divestment proposals. Khalil said they then presented Columbia with another offer: Rather than dump Israel-tied investments, Columbia could instead divest from weapons manufacturing companies and any companies complicit in violating international law. NYPD officers in riot gear march onto Columbia University campus, where pro-Palestinian students are barricaded inside a building and have set up an encampment, in New York City on April 30, 2024.

Persons: Mahmoud Khalil, “, Israel, …, ” Khalil, Khalil, Columbia, Brown, Minouche Shafik, Lockheed Martin, Kena Betancur, ”, Shafik, Ben Sasse, it’s, Columbia’s, Lee Bollinger, Bollinger, Stephanie Keith, Columbia College –, Hedge, Leon Cooperman, Cooperman, Robert Kraft, Luigi Zingales, Zingales, ” Shafik, he’s, “ There’s Organizations: CNN, Columbia University, Brown University, Columbia, Dynamics, Caterpillar, West Bank, Columbia University campus, Getty Images Columbia, New York Police Department, Jewish, Northwestern University, CNN’s, Union, Sunday, University of Florida, Columbia Daily Spectator, Human Rights Watch, Israel’s Ministry of Foreign Affairs, Defamation League, University, Columbia College, ”, New England Patriots, University of Chicago’s Booth School of Business, Times Locations: Israel, Columbia, Gaza, Palestinian, New York City, AFP, CNN’s “ State, South Africa, United States, ”

☆ CNN gets a rare look at the Iranian missiles and drones that hit Israel
▼ + stars: | 2024-05-01 | by ( Fred Pleitgen | ) edition.cnn.com time to read: +7 min

But he’s more than happy to show the missiles and drones Iran used in its first ever attack against Israel launched directly from Iranian soil. Iran’s attack on Israel included drones, ballistic missiles and cruise missiles. “NATO, The United States and Arab countries of the region wanted to create barriers for our drones, missiles and cruise missiles, but they failed,” Belali says. Israel Defense Forces (IDF) spokesperson Daniel Hagari said that ballistic missiles that reached Israel fell on the airbase and caused only light structural damage. Shahed attack drones on an unmarked truck at an Iranian Revolutionary Guards exhibit in Tehran, Iran on May 1, 2024.

Persons: Tehran CNN —, ”, General Ali Belali, ” Belali, Israel, Belali, Jordan, Fred Pleitgen, Daniel Hagari, John Krzyzaniak, Lockheed Martin Organizations: Tehran CNN, Revolutionary Guard, Islamic, Israel, CNN, Iranian Revolutionary Guards, Revolutionary Guard Aerospace Forces, NATO, Israel Defense Forces, Washington, Wisconsin, Control, ISIS, Lockheed, CIA, Guards Locations: Tehran, Islamic Republic, Israel, Iran, Damascus, Gaza, Iraq, France, United States, Washington ,, Syria, Kurdish, American, Afghanistan, Ukraine, Russia, Moscow

☆ Columbia protesters' demands have worked before. This time may be different.
▼ + stars: | 2024-04-30 | by ( Paul Squire | ) www.businessinsider.com time to read: +9 min

Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.

Persons: —, It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera

☆ What the pro-Palestinian protesters on college campuses actually want
▼ + stars: | 2024-04-26 | by ( Matt Egan | Ramishah Maruf | ) edition.cnn.com time to read: +8 min

“We are not going anywhere until our demands are met,” Khymani James, a student at Columbia University, said during a news briefing Wednesday. Student demonstrators occupy the pro-Palestinian "Gaza Solidarity Encampment" on the West Lawn of Columbia University on April 24, 2024 in New York City. The Columbia protesters are also calling for the university to “disclose and sever all ties” with the New York Police Department. For example, Columbia protesters want the university to sever ties with the school’s center in Tel Aviv and a dual degree program with Tel Aviv University. New York University protesters use the school’s Tel Aviv center as a rallying cry as well.

Persons: ” Khymani James, Michael M, “, Mike Johnson, Charlie Eaton, ”, It’s, Mark Yudof, it’s, ” Yudof, Yudof, he’s, Jonathan Macey, Macey, ” Lauren Post, don’t, Cary Krosinsky, Lockheed Martin, Basil Rodriguez, Rodriguez, ” Rodriguez, John Towfighi Organizations: New, New York CNN — College, Hamas, Universities, Columbia University, Student, Lawn of Columbia University, Getty, University of Southern, ”, Princeton University, Ivy League, Columbia University Apartheid, Columbia, New York Police Department, Students, Tel Aviv University . New York University, Republican, University of California, “ Bankers, Yale Law School, Defamation League, Post, ADL, Yudof, BDS, Universities don’t, Yale, Lockheed, Raytheon, CNN Locations: New York, America, Israel, Gaza, Palestinian, New York City, University of Southern California, Harlem, Columbia, Tel Aviv, South Africa, Merced, Ivory, Iran, Russia

☆ Palmer Luckey's start-up Anduril just proved it can challenge legacy defense contractors and win
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Anduril has just been selected as one of two vendors for a major US air force contract. AdvertisementAnduril Industries, the defense tech startup run by Palmer Luckey, has just been awarded a major contract by the US Air Force, beating out legacy names like Boeing and Lockheed Martin. The Air Force hopes to eventually buy at least 1,000 CAA systems at a cost of $30 million per drone. "I'm confident we're going to deliver on budget and on schedule some really sick AI-powered fighter jets," he added. And the demand is there for them if they can make it: venture capitalists have put more than $100 billion into defense tech since 2021, according to PitchBook data.

Persons: Anduril, Northrup Grumman, Palmer Luckey, —, Lockheed Martin, Atomics, General Atomics Organizations: Boeing, Lockheed, Service, Anduril Industries, US Air Force, Aircraft, Air, Air Force, CAA, Combat Aircraft, CNBC Locations: Anduril, United States of America, …, China, Silicon Valley

☆ Google's 'fastest-growing' moonshot that spun out into an AI earbuds startup aims to ship its first product this year
▼ + stars: | 2024-04-26 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.

Persons: —, Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI

☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

Biden secretly approved the transfer of the long-range ATACMS missiles in February for use inside Ukrainian territory. The Biden administration had resisted sending the long-range missiles in part because of readiness concerns. Lockheed Martin, which manufactures the ATACMS missiles, is in full-rate production and produces approximately 500 missiles per year, a spokesman for the company said in September. The US worked behind the scenes to address the readiness concerns, which included buying more ATACMS missiles and filling US military stocks. Ukrainian officials have been asking the US in private and in public for the long-range missiles to target deeper behind Russian lines.

Persons: Biden, Joe Biden, Garron, ” Garn, Lockheed Martin, ”, Charlie Dietz, “, ” Dietz Organizations: CNN, US, Pentagon, Lockheed, North Korean Locations: Ukraine, Korean, Russia, ”, Moscow

☆ New Marine One helicopters the US spent $5 billion on aren't allowed to carry the president because they could scorch the lawn
▼ + stars: | 2024-04-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

But the VH-92 continues to scorch the White House lawn, Bloomberg reported on Tuesday. AdvertisementThe new Marine One helicopters, part of a program that the US spent $5 billion on, still can't carry President Joe Biden because there's still a risk they will scorch the White House lawn, according to a new report. Older VH-3D Sea King helicopters will continue to transport Biden from the iconic, traditional South Lawn takeoff spot. President Joe Biden boards Marine One for departure from the South Lawn of the White House on April 19, 2024, in Washington. Neither Lockheed Martin, nor the White House, immediately responded to Business Insider's queries on the reported continuation of the VH-92 problems.

Persons: Biden, —, Joe Biden, there's, Lockheed Martin, Trump, Alex Brandon The, Melissa Chadwick Organizations: US, Bloomberg, Service, Sikorsky, White, Secret Service, Lockheed, Marine, AP, Office, Department of, Pentagon, White House Locations: Washington

☆ Stocks making the biggest premarket moves: General Motors, GE Aerospace, Novartis, JetBlue and more
▼ + stars: | 2024-04-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The results were better than analysts' expectations of 65 cents per share on revenues of $15.14 billion, according to LSEG. UPS posted $1.43 adjusted earnings per share while analysts had estimated $1.29 earnings per share, according to LSEG. Danaher — The life sciences firm popped more than 8% after beating analysts expectations for its first-quarter results. Spotify — Shares rallied 8.4% after the music streaming company's first-quarter revenues beat analysts' expectations. Sherwin-Williams reported adjusted earnings per share of $2.17, missing the FactSet consensus estimate of $2.22.

Persons: General Motors, Nucor, Danaher, Lockheed Martin, LSEG, Sherwin, Williams, — Hakyung Kim, Tanaya Macheel, Alex Harring, Jesse Pound, Lisa Han Organizations: General, GM, GE Aerospace —, United Parcel Service, UPS, Pepsico —, Pepsico, Novartis — U.S, JetBlue Airways —, JetBlue, Wall Street, SAP — U.S, SAP, Revenue, Lockheed, —, Spotify Locations: Swiss, Wall Street Cleveland

☆ Ford shares surge on Tesla's EV price cuts as the legacy automaker falls back on its roots
▼ + stars: | 2024-04-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Strong bounce: The S & P 500 was on pace Monday afternoon to break a streak of six down days in a row. (The S & P 500 fell 3% last week.) Ford rallies: Ford was our best-performing portfolio stock Monday and one of the top-performing stocks in all of the S & P 500. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Financials, Wells Fargo, Wells, Ford, Tesla, Jim Farley, Farley, Abbott, Watson, Mead Johnson, Reckitt Benckiser, Johnson, Lockheed Martin, Sherwin Williams, We're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Ford, Abbott Laboratories, NEC Society, Abbott, Johnson, SAP, Cadence Design Systems, Nvidia, Danaher, Motors, UPS, GE, PepsiCo, RTX Corp, Lockheed, Treasury, Jim Cramer's Charitable Locations: Wells, Cleveland, Nucor, Freeport, McMoRan

☆ Keep an eye on how automakers are handling EV slowdown, says KKM's Jeff Kilburg
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeep an eye on how automakers are handling EV slowdown, says KKM's Jeff KilburgJeff Kilburg, CEO & CIO of KKM Financial, joins CNBC's 'The Exchange' to breakdown earnings expectations from Lockheed Martin, General Motors, and Philip Morris.

Persons: Jeff Kilburg Jeff Kilburg, Lockheed Martin, Philip Morris Organizations: KKM, Lockheed, General Motors

☆ How cellphones can get you killed on the modern battlefield, according to a US Army officer
▼ + stars: | 2024-04-21 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

A US Army officer said military trainers had warned soldiers of the dangers of cellphone use. Ukraine has used Russian soldiers' cellular data to locate and target their positions. But they are also potentially lethal for the soldiers carrying them, a US Army officer has said. Maj. Gen. Curtis Taylor told Jack Detsch, a reporter at Foreign Policy, that Army trainers had been warning soldiers about the dangers of taking cellphones on operations. Russian sources claim 89 soldiers were killed in the strikes, while Ukraine put the number at around 400.

Persons: —, Curtis Taylor, Jack Detsch, We've, Taylor, Fort Irwin, Dimitar Dilkoff, Enea, Lockheed Martin Organizations: US Army, Policy, Service, Foreign, Army, National Training Center, Fort, Getty, Russian Ministry of Defense, M142, Artillery Rocket Systems, Sky News, Lockheed Locations: Ukraine, Russian, Ukrainian, AFP, Russia, Makiivka, Leer

☆ The US dollar is strengthening. Here’s what’s driving the rally and what it means for Americans
▼ + stars: | 2024-04-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

What does the dollar rally mean internationally? The US Commerce Department releases March figures on new orders for durable goods. The US Commerce Department releases its first estimate of first-quarter gross domestic product. The US Labor Department reports the number of new applications for unemployment benefits in the week ended April 20. The US Commerce Department releases March figures on household spending, income and the Fed’s preferred inflation gauge.

Persons: it’s, Michelle Bowman, Bell, Claudio Irigoyen, It’s, Samantha Delouya, ”, eMarketer, Ross Benes, Wall, Read, Lockheed Martin, Raymond James, Northrop Organizations: Washington CNN, Federal Reserve, Bank of America, Netflix, Verizon, Truist, Albertsons, The Chicago Fed, Visa, Tesla, Pepsico, Novartis, UPS, Lockheed, Banco Santander, Spotify, General Motors, Halliburton, Global, US Commerce Department, Meta, IBM, Boeing, Chipotle, Hilton, Ford, Hasbro, Whirlpool, Wyndham, Microsoft, Mobile, Caterpillar, Comcast, Intel, P Global, Honeywell, Gilead, Northrop Grumman, Valero, Capital, Nasdaq, Southwest Airlines, American Airlines, Citizens Financial, US Labor Department, National Association of Realtors, Bank of Japan, Exxon Mobil, Chevron, HCA Healthcare, Colgate, Palmolive, Phillips, Charter Communications, University of Michigan Locations: Europe, Japan, China, Roku

☆ The world of government contract jobs is incredibly complex. Here are the basics.
▼ + stars: | 2024-04-21 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

This lets the government tackle specific jobs and projects quickly without all the steps of regular government hiring and bureaucratic obstacles. Thomson ReutersThere are a wide range of large government contracting companies that the government regularly makes deals with. John Breth, 40, worked in government contracting roles for 12 years before starting his own contracting company. If awarded the contract, you have to meet specific requirements set by the government, which may involve getting clearances or certifications. Once you understand the landscape better, you'll be able to recognize which jobs you qualify for and define your path forward.

Persons: —, Lockheed Martin, Lauren Irizarry, John Breth, Kevin Jennings, Jennings, you'll Organizations: Service, Department of Labor, Business, Raytheon, Thomson Reuters, Defense, Lockheed, Boeing, Northrop Grumman, Judge, US Small Business Administration Locations: Woburn, sba.gov

☆ 6 portfolio stock earnings and the Fed's favorite inflation gauge dominate the week ahead
▼ + stars: | 2024-04-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City

☆ Investors are hoping Big Tech earnings next week could revive a flagging bull market
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Big Tech earnings next week could revive a flagging market, or at least give investors direction into where stocks are going from here. Wall Street is hoping next week's megacap tech results will give investors insight into where the artificial intelligence trade is going from here, as a bounce in tech could lift the indexes. They're also hoping a slew consumer commentary will give investors insight into the state of the economy. However, he said any pullback in the tech names could give investors an opening to start "nibbling away" at additional exposure. Personal Income 10 a.m. Michigan Sentiment NSA final Earnings: T. Rowe Price Group , Colgate-Palmolive , Exxon Mobil , Chevron , AbbVie , Phillips 66

Persons: Tesla, They're, Kim Forrest, Elon Musk, Emily Leveille, Scott Ladner, Ladner, Horizon's Ladner, FactSet, Baker Hughes, Philip Morris, Lockheed Martin, Raymond James Financial, Rowe Price, Phillips Organizations: Big Tech, Google, Microsoft, Bokeh, Nasdaq, Investors, Deutsche Bank, Reuters, Thornburg Investment Management, Meta, Consumer, Visa, Chicago, Verizon Communications, Ameriprise, Truist, PMI, New, Richmond Fed, Enphase, Tesla, NextEra, Philip Morris International, Halliburton, United Parcel Service, PepsiCo, Lockheed, Raytheon Technologies, GE Aerospace, Grill, Business Machines, Lam Research, Ford Motor, Technology, Waste Management, Universal Health Services, Raymond, Boeing, Hilton Worldwide Holdings, . Kansas City Fed Manufacturing, Mobile, Capital, Financial Corp, Intel, Western Digital, Comcast, American Airlines Group, Southwest Airlines, Valero Energy, Caterpillar, Tractor Supply, Royal Caribbean Group, GE, PCE, NSA, Rowe Price Group, Colgate, Palmolive, Exxon Mobil, Chevron Locations: China, Europe, U.S, NextEra Energy, Freeport, McMoRan, . Kansas, Michigan, AbbVie

☆ Boeing's fleet of 8 corporate jets spent some 4,500 hours in the sky flying company executives last year, data shows
▼ + stars: | 2024-04-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Boeing's corporate planes collectively flew about 4,500 hours across some 1,800 flights last year, according to data from the aviation-tracking website JetSpy. Jet Edge InternationalThe fleet's top airports include Chicago International Airport, Washington Dulles International Airport, and Boeing Field King County International Airport — all located near Boeing's corporate offices and factories. AdvertisementThe locations of Boeing's corporate fleet on April 12, according to JetSpy data. For instance, JetSpy data shows aerospace company Lockheed Martin collectively flew its five private jets for about 2,700 hours in 2023. AdvertisementBoeing wrote in the filing that its CEO "is required to use company aircraft for all business and personal travel for security reasons."

Persons: —, Dave Calhoun, Calhoun, Brian West, Lockheed Martin, Taylor Swift, Elon Musk, Max, messier Organizations: Service, Business, Boeing Business Jets, Canadian, Bombardier, Challenger, Jet Edge, Chicago International Airport, Washington, International Airport, Boeing Field King County International, Airport, Lebanon Municipal Airport, Wall Street Journal, Boeing, Lockheed, PepsiCo, Costco, Alaska Airlines, Calhoun . Locations: Westchester, New York, Lebanon, New Hampshire, South Carolina, New Canaan , Connecticut, American

☆ America's F-35 stealth fighters are going to be flying less as costs soar, watchdog finds
▼ + stars: | 2024-04-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Theodore BerganThe Pentagon's planned future use of the F-35, as well as the stealth aircraft's overall availability over the past few years, have both decreased. The GAO said it has consistently found that the F-35 fleet is not meeting availability and performance goals, even as projected costs for the program go up. The Pentagon "has pursued cost savings efforts and continues to look for new ways to reduce costs," the GAO explained in its report. However, it cautioned, "officials generally agree that these efforts are not likely to fundamentally change the estimated costs to operate the aircraft."

Persons: —, Theodore Bergan, Duncan Bevan, Lockheed Martin Organizations: Service, Pentagon, Office, Business, Department of Defense, Navy, Air Force, Marine Corps, Marine Corps Air, US Marine Corps, Staff, GAO, Force, US Central Command, US Air Force, Lockheed Locations: Point , North Carolina, Israel, Iranian

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