Textron stock is soaring Tuesday after the company won an $80 billion contract to build a new helicopter for the army. Monday evening, the US Army announced it had selected Textron (ticker: TXT) subsidiary Bell Helicopter to supply its new long-range assault helicopter. Textron beat a joint bid from Lockheed Martin (LMT) duck Boeing (BA).
Goldman Sachs Group Inc. economists have taken a stab at predicting the path of the world economy through 2075.
CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings. “You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” … Read more
Ford Motor is selling electric delivery vans to Deutsche Post logistics company DHL. Selling vehicles is what car companies do, but this time Ford is selling more than wheels. DHL announced Monday it has signed a memorandum of understanding with Ford (ticker: F) to purchase 2,000 electric-delivery vans by the end of 2023.
A worker loosens a stack of one hundred dollar bills at the Bureau of Engraving and Printing in Washington, DC, US Reports on everything from jobs to housing and incomes show the world’s largest economy may be in jeopardy of slipping back into recession, forcing the Fed to print more money for the third time … Read more
Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023, even after a bruising year for the cryptocurrency market by industry failures and sinking prices. Draper previously … Read more
Small-cap stocks are priced for jumbo gains. One money manager predicts that they’ll outshine large-caps by close to four percentage points a year over the next five years. A big investment bank is even more bullish on small-caps for the coming decade.
Press play to listen to this article Voiced by artificial intelligence. The transatlantic reset between Brussels and Washington is on life support. After four years of discord and disruption under Donald Trump, hopes were high that Joe Biden’s presidency would usher in a new era of cooperation between Europe and the US after he declared: … Read more
The market is so possessed by tech that it can’t see the forest through the industrials. If the discourse isn’t about the slowdown in the cloud, it’s about who is pulling out of the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor left Salesforce (CRM). Meta Platforms ‘ (META) Mark Zuckerberg could … Read more
The country will take several years to emerge as an alternative investment destination to the People’s Republic. That may not be soon enough for Narendra Modi, who faces reelection in 2024.