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The CEOs of Boeing, Lockheed Martin and Honeywell arrived at the White House on Wednesday for a meeting with President Donald Trump, as the administration presses major defense contractors to ramp up weapons production amid concerns about U.S. missile and munitions stockpiles.The meeting comes after U.S. military operations in Iran and amid ongoing peace talks with Tehran, giving the White House added urgency to replenish key weapons systems and reassure allies that the U.S. defense industrial base can keep pace with demand.The production push is already translating. On Wednesday, the Missile Defense Agency awarded Lockheed Martin a $35.3 billion sole-source…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesJPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the industry remained well capitalized under its annual stress test.The biggest U.S. bank by assets said it will increase its quarterly dividend 10% to $1.65 per share, subject to board approval, and authorized the buyback program effective July 1. “The Board’s intended dividend increase is supported by…
NETSTREIT stock jumps on S&P SmallCap 600 inclusion news Source link
CEO of Anthropic Dario Amodei attends a working lunch with G7 leaders, G7 outreach partners and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026, in Évian-les-Bains, France.Anna Moneymaker | Getty Images News | Getty ImagesAnthropic sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs accusing the Chinese tech company Alibaba of “brazenly” and “illicitly” attempting to extract its artificial intelligence capabilities, CNBC confirmed on Wednesday. The letter, which was addressed to Sen. Tim Scott, R-S.C., and Sen. Elizabeth Warren, D-Mass., on June 10, said Alibaba carried out “the largest known distillation…
Born in Liverpool in 1970, Burnham grew up in Culcheth, a quiet commuter belt village in Cheshire, near Warrington.His father, a BT engineer, and his mother, a GP receptionist, were both staunch Labour supporters and he developed an early interest in politics.Burnham has described how he was inspired to join the Labour Party at the age of 14, after being moved by the BBC TV drama, Boys from the Blackstuff, about life on the dole in Liverpool.A lifelong Everton fan, his friends remember Burnham as a competitive, sports-mad child, who was a fast bowler for Lancashire schoolboys cricket team.At school,…
U.S. President Donald Trump speaks with the press at the U.S. Capitol, in Washington, D.C., U.S., June 24, 2026. Evelyn Hockstein | ReutersThe White House on Wednesday asked Congress for $87.6 billion in supplemental spending to pay for the Iran war and a host of other things including aid to U.S. farmers, and Ebola response.White House Office of Management and Budget Director Russell Vought made the request in a letter to House Speaker Mike Johnson.”I urge the Congress to take action on these important and urgent requests as soon as possible,” Vought wrote.The request includes $21 billion for the Defense…
Lithium producers bet on battery storage as demand shifts beyond EVs Source link
All transactions that run through Google’s Play Store platform add a 5 percent billing fee—even the base rate for publishers earning less than $1 million. Google notes that the billing fee is set at 5 percent in the initial markets, but it could be different in other regions. More changes coming The June 30 start date was stipulated in the settlement for the initial markets, but Google will eventually make these changes global. Australia will join the new fee structure on September 30, and on December 31, Japan and Korea will be on board. All other regions will move to…
With its nostalgically-painted, golden-maned horses, wistful French chanson music wafting as it turns, the Carrousel de St Pierre, by the venerated Sacre Coeur Church, is a firm favourite amongst tourists to Paris. But recently, as I watched the merry-go-round rotate to those romantic French tunes, more than anything else, it reminded me of Brexit.It’s 10 years since the UK voted to leave the European Union. Almost immediately, from an EU perspective, the UK collapsed inwards, embarking on what would be years of political crisis as the country splintered, fought and went round and round in circles – not unlike the…
Federal Reserve Board Governor Michelle Bowman, U.S. President Donald Trump’s nominee to be Federal Reserve vice chair for supervision, testifies before a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 10, 2025. Kevin Mohatt | ReutersThe biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve’s annual stress test released Wednesday.All 32 banks examined by the Fed remained above their minimum capital requirements under the regulator’s hypothetical scenario, which included…