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Trump Pentagon is ‘thinking’ about taking equity stakes in defense contractors, says Lutnick
Trump administration military leaders are “thinking about” whether the U.S. should acquire equity stakes in top defense contractors such as Lockheed Martin, Commerce Secretary Howard Lutnick said Tuesday. The Cabinet secretary, in an interview on CNBC’s “Squawk Box,” revealed the government’s interest in taking those stakes days after the U.S. government acquired 10% of Intel […]
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Ships, planes, billions in investment pledges: South Korea’s Lee charms Trump with deals
WASHINGTON, DC – AUGUST 25: U.S. President Donald Trump (R) and South Korean President Lee Jae-myung talk to reporters before an Oval Office meeting at the White House on August 25, 2025 in Washington, DC. During Lee’s first official visit to the White House, the two leaders are set to discuss trade and military cooperation […]
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‘They have to give us magnets’: Trump warns of 200% tariff on China if exports are curbed
US President Donald Trump during a meeting with Lee Jae Myung, South Korea’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Monday, Aug. 25, 2025. Al Drago | Bloomberg | Getty Images U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports […]
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Korean Air makes airline’s biggest-ever Boeing jet order amid Trump-Lee summit
Employees stand in front of a Boeing Co. 787-9 Dreamliner passenger aircraft operated by Korean Air Lines Co. SeongJoon | Bloomberg | Getty Images Korean Air announced a $50 billion order on Monday for 103 Boeing airplanes and GE Aerospace engines and servicing, coinciding with the visit of South Korean President Lee Jae Myung to Washington. The order, the largest in […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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Spirit Airlines is on shakier ground after avoiding hard decisions in bankruptcy
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty Images In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes […]
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Alaska Airlines to launch London, Iceland flights, debut new livery for international expansion
A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners. Source: Alaska Airlines: Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year. Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 […]
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Stocks making the biggest moves premarket: On Semiconductor, Wayfair, Spotify, Tesla and more
Check out the companies making headlines before the bell: Berkshire Hathaway — Class B shares of Warren Buffett’s conglomerate dipped nearly 1% in premarket after Berkshire’s operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett’s cash hoard of $344.1 billion remained near […]
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More than 3,000 Boeing defense workers go on strike after rejecting contract
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Some 3,200 Boeing defense unit workers went on strike early Monday hours after turning down a […]
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How much are Southwest’s new assigned seats? It depends
Southwest Airlines new premium seats featuring extra legroom. Leslie Josephs/CNBC Southwest Airlines‘ first assigned seats went on sale this week for flights starting Jan. 27 of next year. What you’ll pay will vary. The price depends on the route, when you’re traveling and where you sit. Selecting your ideal seats can add hundreds of dollars […]
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