Defense
Palantir’s astronomical growth in 3 charts
Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc. Scott Eelis | Bloomberg | Getty Images Palantir‘s astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind. Over nearly five years, the Denver-based company, whose cofounders include renowned venture […]
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Trump’s meeting with Putin is a win-win for European defense stocks, no matter the outcome
European defense stocks have further to run regardless of whether U.S. President Donald Trump and Russian counterpart Vladimir Putin achieve a breakthrough on the war in Ukraine later this week, market watchers say. Trump and Putin are slated to meet in person in Alaska on Friday, with a view to discuss what it would take […]
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China says it ‘drove away’ U.S. destroyer near the disputed Scarborough Shoal
The 46th fleet of the Chinese People’s Liberation Army Navy sets sail from a military port in Zhanjiang, south China’s Guangdong Province, Feb. 21, 2024. Xinhua News Agency | Xinhua News Agency | Getty Images China said Wednesday it warned and “drove away” a U.S. destroyer that had sailed near the coast of the disputed […]
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Spain treads a risky path by standing up to Trump on defense and China
The President of the Government, Pedro Sanchez, gives a press conference, after a meeting with King Felipe VI, at the Marivent Palace, on 29 July, 2025 in Palma de Mallorca, Balearic Islands, Spain. Europa Press News | Europa Press | Getty Images Spain’s somewhat unique approach to defense and foreign policy is fueling tensions with […]
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European defense giants could be about to get another big push higher, Bank of America says
European defense stocks could be set for another big tailwind, according to an analyst who says the sector is about to see a surge in demand from one particular pocket of the market. Speaking to CNBC’s “Squawk Box Europe” on Thursday, Ben Heelan, Bank of America’s head of EU industrials research, said his team expects […]
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Thai soldiers injured by landmine near Cambodia amid fragile ceasefire
A Cambodian man who fled his home near the Cambodia-Thailand border walks at a pagoda compound in Banteay Meanchey province, Cambodia, on July 30, 2025. Nurphoto | Nurphoto | Getty Images Three Thai soldiers were injured by a landmine near the Cambodian border on Saturday, the Thai army said, days after the Southeast Asian neighbours […]
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Trump announces peace deal between Azerbaijan and Armenia at White House
U.S. President Donald Trump (C), Azerbaijani President Ilham Aliyev (L), and Armenian Prime Minister Nikol Pashinyan (R) hold up an agreement signed during a ceremony in the East Room of the White House on August 8, 2025 in Washington, DC. Andrew Harnik | Getty Images Azerbaijan and Armenia signed a U.S.-brokered peace agreement on Friday during a meeting […]
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Rocket maker Firefly Aerospace pops more than 50% to open at $70 in Nasdaq debut
Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. The Nasdaq Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 […]
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Firefly Aerospace prices shares at $45, above the expected range
The Blue Ghost Mission Operations Engineer, Jaxon Liebeck, showcases the Blue Ghost moon lander at Firefly Aerospace headquarters on Tuesday, Dec. 3, 2024 in Cedar Park. Houston Chronicle/hearst Newspapers | Hearst Newspapers | Getty Images Firefly Aerospace priced shares in its IPO at $45 on Wednesday, above its expected range. The Texas-based rocket maker will […]
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Axon jumps 16% after TASER maker tops results and boosts outlook on security needs
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock popped 16% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions. “Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving conversations. […]
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