High interest rates and prices (an average of $49,275 for new cars in March, per Kelley Blue Book data) have kept buyers from the car market.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Spending on newer military tech jumped more than 20% this year, feeding innovation like the device that helped rescuers find a downed aviator.
Allies on both sides of the Atlantic have already committed billions to upgrade military infrastructure and boost manufacturing.
The grid is already being tested by the massive demand for data centers to support the artificial intelligence boom.
Last month, the Pentagon invited 25 drone manufacturers to participate in a competition to win a $150 million prototype order.
Anthropic is insisting that its AI shouldn’t be used for surveillance or the development of automated weapons.
European investors are the single-largest foreign holders of US treasuries and equities by far, holding $8 trillion in assets.
Anduril was last valued at $30 billion in June, when its $2.5 billion fundraising round was oversubscribed eight times.
Peace deal or no peace deal, the war in Ukraine is motivating governments on the continent to upgrade their defensive capacity.
The company has been one of the top beneficiaries of Trump administration policies, with US revenue climbing 68% year-over-year in Q2.
Army Secretary Daniel Driscoll has promised to adopt a “Silicon Valley approach” to deploy new weapons faster and expedite upgrades.
In July, JPMorgan joined with Goldman Sachs to lend $1 billion to MP Materials, the largest rare earth producer in the US.
The Department of Defense is trying to counter increasingly savvy Chinese military research and development.
ETFs targeting the sector are riding high this year due to sustained conflicts in Europe and the Middle East.
NATO chief Mark Rutte said last week that the new defense 5% of GDP spending target amounts to a “quantum leap.”
ETFs with exposure to shipping and defense have largely held strong despite a series of Israeli missile strikes against Iran.