Category: Latest News
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Lockheed Martin unveils lower-cost Patriot ACE interceptor as global air defence demand accelerates
Lockheed Martin (NYSE:LMT) has introduced a lower-cost Patriot interceptor designed to help armed forces strengthen air-defence capabilities while reducing procurement costs, as governments seek affordable solutions to counter drones and missile threats. The company said its new PAC-3 Adapted Capability Effector (ACE) interceptor is expected to cost less than half the price of its existing…
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Honeywell Aerospace secures IndiGo avionics contract and Aeromexico runway safety rollout
Honeywell Aerospace (NASDAQ:HONAV) announced on Monday that it has been selected by IndiGo to provide avionics and power systems for 810 Airbus A320neo-family aircraft. The company also revealed that Aeromexico plans to introduce Honeywell’s runway safety technology across a fleet of more than 100 Boeing aircraft. IndiGo expands partnership with Honeywell Under the agreement, Honeywell…
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Brent crude pulls back after topping $90 as markets assess US-Iran conflict
Oil prices retreated from earlier highs on Monday after an Iranian foreign ministry spokesperson said there was still scope for negotiations with the United States if they aligned with the country’s national interests. Brent crude, the international benchmark, was up 0.2% at $88.26 a barrel by 05:00 ET (09:00 GMT), after earlier climbing to a…
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Gold holds near $4,000 as Fed rate expectations offset safe-haven demand
Gold prices were broadly stable on Monday as investors balanced rising geopolitical tensions between the United States and Iran against expectations that higher energy prices could encourage the Federal Reserve to keep interest rates elevated for longer. At 22:17 ET (02:17 GMT), XAU/USD was up 0.1% at $4,020.63 an ounce, while Gold Futures gained 0.8%…
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US futures edge higher as Middle East tensions, oil prices and Big Tech earnings dominate markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded modestly higher on Monday as investors balanced escalating geopolitical tensions in the Middle East against a busy week of corporate earnings led by several of America’s largest technology companies. By early morning trading, Dow Jones futures had added around 50 points, or 0.1%, while S&P 500 futures rose 0.2%. Nasdaq…
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IEA Says Global Economy Has Weeks to Prevent Hormuz Shipping Crisis
The global economy could begin feeling the effects of renewed disruption in the Strait of Hormuz within weeks, according to Fatih Birol, Executive Director of the International Energy Agency (IEA), as escalating conflict in the Middle East continues to threaten one of the world’s most important energy trade routes. The warning comes as tanker traffic…
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Crowded AI Trades Trigger Losses for Hedge Funds as Volatility Hits Market Leaders
Several hedge funds have recorded their weakest trading performance in nearly a year after being caught in heavily crowded artificial intelligence (AI) and technology trades during a period of heightened market volatility. Systematic hedge funds, also known as quant funds, have been among the hardest hit, while traditional stock-picking managers have also reduced exposure to…
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US Crude Inventories Decline by 1.7 Million Barrels as Middle East Tensions Keep Oil Markets on Edge
Crude oil inventories in the United States fell by 1.7 million barrels during the week ending July 10, according to the latest figures from the U.S. Energy Information Administration (EIA). Commercial crude stockpiles now stand at 409.7 million barrels, leaving inventories 6% below the five-year seasonal average despite ongoing uncertainty in global energy markets. The…
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Wall Street Skids to Weekly Loss as Semiconductor Selloff Deepens
U.S. stocks closed sharply lower on Friday, capping a rough week for Wall Street as a deepening selloff in semiconductor stocks combined with rising oil prices to unsettle investors. All three major indexes finished in the red, with technology and chip-related names leading the declines. What Moved Markets The Dow Jones Industrial Average fell 406.55…
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Apple Shares Offer Upside Ahead of Potential iPhone Price Increase, Says Morgan Stanley
Morgan Stanley believes Apple (NASDAQ:AAPL) is well positioned to benefit from a significant iPhone price increase expected this September, estimating that a roughly $200 increase could lift fiscal third-quarter 2026 earnings per share by between 2% and 4%, while adding around 1% to fiscal 2027 EPS forecasts. According to the bank, investors have yet to…