Lockheed Martin Corp. exceeded expectations in its first-quarter operating income, driven by increased deliveries of fighter jets and missile systems. The defense company's consolidated operating profit remained steady at $2 billion compared to the previous year, surpassing the average analyst estimate of $1.91 billion. Earnings per share

Officials initiated the construction of a new high-speed rail system on Monday, which will link Southern California with Las Vegas. Named the Brightline West system, it will maintain an average speed of approximately 115 miles per hour and achieve a maximum speed of around 200 mph, comparable to other high-speed

Former President Donald Trump is set to receive an additional 36 million shares of Trump Media on Tuesday, as part of an "earnout" bonus valued at over $1.25 billion based on Monday's share price. Trump Media, the owner of the Truth Social app, was trading

The Biden administration is considering providing work permits or deportation relief to millions of undocumented immigrants who have lived and worked in the U.S. for a long time, per WSJ. The White House is considering options to grant temporary legal status and work permits to immigrants in the U.

The inflation fight has stalled and the first rate cut won't happen until December, Bank of America, $BAC, has said. Bank of America has revised its forecast for the first rate cut of 2024, moving it from June to December, due to the recent series of unexpectedly high

Russia's army is now 15% bigger than when it invaded Ukraine. "At a hearing with the House Armed Services Committee, US Army Gen. Christopher Cavoli, NATO's Supreme Allied Commander Europe, revealed that the army's size has increased by 15 percent since the invasion

A senior Russian lawmaker stated on Monday that Russia could now consider confiscating Western assets, following the passing of legislation by the U.S. House of Representatives. This legislation would potentially transfer seized Russian assets to Ukraine, as per the remarks made by Vyacheslav Volodin, the Duma speaker and a

Nvidia, $NVDA, is increasing employee compensation with a stock grant named after CEO Jensen Huang. Employees at the company are receiving a unique "Jensen special grant" of additional restricted stock units (RSUs), named after CEO Jensen Huang, according to three sources familiar with the matter who spoke with

Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and plans to close over 100 stores, according to an announcement on Monday. The company, which includes brands like Express, Bonobos, and UpWest Express, disclosed assets and liabilities in the range of $1 billion to $10

The New York Stock Exchange is polling participants on the possibility of being able to trade stocks 24/7. The New York Stock Exchange (NYSE) is exploring the possibility of moving to a 24-hour trading schedule, similar to the one used by cryptocurrencies, according to the Financial Times. Despite its

On Wednesday, the U.S. House of Representatives decisively approved legislation that presents TikTok's parent company, ByteDance, with a six-month ultimatum to sell off its American operations or face a ban. This development represents the most significant challenge to the social media platform since attempts by the Trump

In a swift move during a rare Saturday session, the House approved a substantial $95 billion foreign aid package for Ukraine, Israel, and other allies. This decision, demonstrating a bipartisan effort, marks a significant step in reaffirming American support amidst the ongoing conflict in Ukraine. The package includes $61 billion

70% of Gen Zers encounter career advice on TikTok weekly, with nearly 1 in 10 trusting TikTok more than parents or colleagues for such advice. About 41% have made career decisions based on TikTok advice, with 1 in 10 even quitting their jobs based on it. Additionally, 15% have received

On Thursday, Redfin reported that the median monthly US housing payment hit an all-time high of $2,747 during the four-week period ending April 7th. This is up 11% from one year ago. According to Redfin, housing payments are climbing because home prices and mortgage rates are high. The median

The Biden administration is contemplating the initiation of a fresh weapons agreement that would entail the sale of over $1 billion worth of arms to Israel, according to a recent report. The Wall Street Journal's article surfaced mere hours after the Jewish state responded to Iran's

Israel has conducted airstrikes on a target in Iran, according to US officials. An official told ABC News that the strikes hit a site in Iran, but it is unclear what target was hit or the extent of the damage. Footage shared on social media appeared to show anti-aircraft fire

Binance has converted the entire pool of assets held in an emergency fund for users into USDC. Binance, the world's largest cryptocurrency exchange, has converted its entire emergency fund for users, known as the Secure Asset Fund for Users (SAFU), into USDC, the stablecoin issued by US firm

Google has terminated 28 employees following protests over its technology supply to the Israeli government amid the Gaza conflict, intensifying tensions around a contentious deal. The dismissals, confirmed by Google on Wednesday, came after nine employees were arrested during sit-in protests at offices in New York and Sunnyvale, California, following

A Thursday report indicated that U.S. mortgage rates experienced their most significant increase since June, surpassing the 7% mark for the first time since December, which could complicate the growth of home sales. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage climbed to 7.10%

Billionaire financier and Mets owner Steve Cohen expressed his belief that a four-day work week could become the norm, a concept that influenced his 2023 investment in the golf startup league TGL. "I think I would have done the golf investment anyway, because I think there’s a longer-term

Minneapolis Fed President Neel Kashkari stated that the Federal Reserve should wait for more certainty regarding the decline in inflation before considering interest rate cuts, suggesting a possible delay in such actions until after 2024. When asked about the appropriateness of maintaining current interest rates this year in light of

Chinese hackers preparing to attack US infrastructure. During a speech at Vanderbilt University, FBI Director Wray revealed that a persistent Chinese hacking effort known as Volt Typhoon has successfully infiltrated numerous American companies in critical sectors such as telecommunications, energy, and water. This campaign targeted 23 pipeline operators specifically. Wray

This is bad news for potential homebuyers, especially those with lower wealth. Persistent high mortgage rates could exacerbate wealth inequality and suppress home sales for a decade or more, according to researchers in a recent working paper. High mortgage rates have significantly impacted home sales in the past year, as

Iran's nuclear doctrine may undergo a reassessment in response to threats from Israel, according to a senior Islamic Revolutionary Guard Corps commander. The commander's remarks come amidst anticipation of an Israeli retaliation for Iran's unprecedented drone and missile strike on April 13. While Iran

A congressional probe found that Wall Street used billions of dollars of American retirement savings to buy shares in index funds that included blacklisted Chinese firms. The investigation, carried out by a bipartisan House committee tasked with developing strategies for the U.S. to respond to China, focused on BlackRock,