Topline Russian units suffering “heavy losses” in Ukraine have been forced to return to Belarus and Russia to “reorganize and resupply” as logistical problems continue to plague Moscow’s offensive, th...
Tag: Defense
Defense Stocks Take a Hit on U.S. Defense Spending Request
Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...
Joby Reports a Profit From No Sales. The Stock Is Soaring.
Text size Courtesy Joby Aviation Electric air taxi maker Joby Aviation managed to produce a profit in the fourth quarter even though it doesn’t have any sales just yet. Shares were rising sharply Frid...
Alaska Air Is Converting 2 More Boeing Jets Into Freighters. Here’s Why.
Text size Alaska Air sees capacity rising by 1% to 3% in 2022 compared to 2019. Photograph by Jason Redmond/AFP/Getty Images Alaska Air Group unveiled plans Thursday to convert two Boeing 737-800 pass...
Boeing Stock: What Wall Street Is Saying After the China Plane Crash
Text size The Boeing logo Scott Olson/Getty Images A China Eastern Airlines 737-800 tragically crashed Monday, sending shares of Boeing lower. Wall Street is hopeful that Monday’s crash wasn’t a MAX-l...
FAA Official Testifies Former Boeing Pilot Lied About 737 MAX
FORT WORTH, Texas—A Federal Aviation Administration training specialist said a former Boeing Co. BA -3.59% pilot lied to her about how a 737 MAX flight-control system worked before two of the jets cra...
Dow ends 200 points lower after Fed’s Powell leaves door open to larger rate hikes
Federal Reserve Chairman Jerome Powell Samuel Corum/Getty Images Stocks fell Monday after Federal Reserve Chairman Jerome Powell left the door open to the prospect of bigger rate hikes to bring down i...
U.S. Defense Secretary Cites Russian ‘Missteps’ For Stalled Ukraine Invasion
Topline Secretary of Defense Lloyd Austin said Friday the Russian military has made a “number of missteps” in its invasion of Ukraine, suggesting Russia’s inability to rapidly take over the Ukrainian ...
After Erbil Attack, Will The U.S. Supply Iraq With Missile Defense Systems?
Early Mar. 13, Iran fired 12 long-range ballistic missiles into the autonomous Iraqi Kurdish capital Erbil. The missiles crashed in a residential area, causing some notable property damage, including ...
This Key Defense Company is in Turmoil
At a time when defense stocks are generally moving higher, thanks to heightened geopolitical tensions arising from Russia’s invasion of Ukraine, one key supplier is continuing to struggle. That...
These two defense stocks moved in opposite directions on Wednesday
Two of the U.S. defense stocks, AeroVironment Inc (NASDAQ: AVAV) and Lockheed Martin Corporation (NYSE: LMT), moved significantly on Wednesday, but in the opposite direction. Why AeroVironment shares ...
NATO chief to Putin ‘stop this war immediately,’ calls for diplomacy
NATO Secretary General Jens Stoltenberg speaks during a press conference ahead of the alliance’s Defence Ministers’ meeting at the NATO headquarters in Brussels on March 15, 2022. Kenzo Tr...
Cryptolaw Founder Hints at What Comes Next After Ripple’s Win of Fair Defense
In a recent response to tweets, Cryptolaw founder John Deaton hints at what might come next after Ripple scored a win against the SEC in its fair notice defense. In positive developments over the week...
Cyber Security Stocks and the New Defense Industry
The Russian invasion of Ukraine has refocused investor attention on the defense industry and especially on cybersecurity companies. Until the invasion, shares of cybersecurity company Palo Alto Networ...
Top 3 defense stocks to consider as the war in Ukraine rages
The Russian invasion of Ukraine has captured the attention of the world. It is the first time a major conflict has been reported in Europe, and there is no clear sign it’s about to end soon. But for i...
Court Denies SEC Motion to Strike Ripple’s Fair Defense
Judge Analisa Torres of the Southern District of New York has denied the Securities and Exchange Commission’s motion to strike Ripple’s fair notice defense. The SEC filed this motion under the Federal...
XRP soars >15% as Ripple wins the “Fair Notice Defense, but what’s next
The San Francisco-based payments company has long argued that the SEC didn’t give adequate notice of considering XRP to be a security. In fact, Brad Garlinghouse, CEO at Ripple had reiterated the same...
SEC’s Motion To Strike Fair Notice Defense Against Ripple Denied
Ripple has notched another victory in the XRP Vs SEC case. Presiding Judge Analisa Torres has denied the SEC’s motion to strike out Ripple’s fair notice defense. Ripple can now argue it did not have f...
Ripple’s Motion To Strike Fair Notice Defense Denied
Ripple has notched another victory in the XRP Vs SEC case. Presiding Judge Analisa Torres has denied the SEC’s motion to strike out Ripple’s fair notice defense. Ripple can now argue it did not have f...
Elon Musk Has Sold Seven Homes for Nearly $130 Million After Vowing to ‘Own No House’
It’s been almost two years since Elon Musk announced a plan to sell nearly all of his physical possessions, including his real estate, by tweeting “Will own no house” on May 1, 2020. The billionaire T...
How the US and allies cut off Russia from the global economy
As Russia stepped up its aggression against Ukraine to the point of a full-fledged invasion, the U.S. and its allies unleashed a series of historic and unprecedented economic sanctions. “It̵...
S&P 500: Russia’s War On Ukraine Makes Defense Investors $49 Billion Richer
Russia’s attack on Ukraine sparked a global humanitarian and political crisis. But S&P 500 investors are still finding ways to engage in defense companies helping nations defend themselves a...
Boeing’s 737 MAX 10 Faces Delays. It Might Not Be a Major Problem.
Text size A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images Boeing stock is lower Monday morning. The company’s regulatory woes might be creating another overhang in the shares. The new iss...