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Category: SRN News

Lockheed lifts annual forecast as missile, jet production ramps up

By Mike Stone and Aatreyee Dasgupta Oct 22 (Reuters) – Lockheed Martin raised its annual sales and profit forecasts on Thursday after beating Wall Street estimates for third-quarter results, as ongoing geopolitical conflicts drove demand for its missile defense systems and fighter jets. Shares of…

Blackstone’s profit falls as choppy market tempers investment exits

Oct 22 (Reuters) – Blackstone, the world’s largest alternative asset manager, posted a drop in third-quarter earnings on Thursday, as a turbulent market environment weighed on its ability to cash in on investments. Global markets have been roiled by surging bond yields, expectations of higher-for-longer…

Tesla drops as spending pullback clouds AI, robotics ambitions

Oct 22 (Reuters) – Tesla’s shares slid 5% in premarket trading on Thursday as the EV maker’s reduced capital spending forecast raised questions about the pace of investment behind Elon Musk’s AI, robotics and autonomous-driving ambitions. The company on Wednesday lowered its 2026 capital spending…

Republican backlash over Russia policy poses challenge for Trump in Congress

By Richard Cowan WASHINGTON, Oct 22 (Reuters) – US President Donald Trump’s moves in recent weeks to ease economic pressure on Russia while stepping up criticism of Ukraine have triggered bipartisan opposition in Congress, potentially complicating his agenda after next month’s midterm elections. Seeking to…

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