Spending on newer military tech jumped more than 20% this year, feeding innovation like the device that helped rescuers find a downed aviator.
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The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.
Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.
The Bureau of Labor Statistics said Wednesday that the producer price index rose 0.7% month-over-month in February, higher than expected.
Markets are pricing in practically no chance of a rate cut when officials meet later this month, according to the CME Fedwatch.
The US-Israel conflict with Iran has triggered the biggest oil supply disruption ever, topping the 1956 Suez crisis.
Broad-market index funds were nearly flat Monday, while gold and defense ETFs were up. All that changed a day later.
Oil prices are surging as Iran’s counterattacks on the US and Israel curbed shipments through the Strait of Hormuz.
Shares in travel firms are plummeting as Iranian counter-attacks on the US and Israel target vacation spots such as Dubai and Abu Dhabi.