Have defense stocks hit their ceiling? Citi’s downgrade offers clues
European defense stocks have soared this year amid a regional push toward ramping up defense budgets.
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- CNBC's Inside India newsletter: Iran-Israel war sparks fresh interest in India's defense sectorThe Iran-Israel conflict underscored India's reliance on imports — oil and weapons — and what it's doing to pivot towards home-grown technologies.
- Trump Organization scraps 'made in the USA' tag for its gold T1 smartphoneThe Trump Organization has removed a reference to the recently-announced T1 smartphone being made in America.
- What's next as the British pound hits its highest in nearly four years?The British pound is hovering at its highest level in more than three years — and analysts are divided on its potential for further upside.
- Why mega-merger speculation between oil majors Shell and BP is raising eyebrowsBP has been thrust into the spotlight as a prime takeover candidate following a protracted period of underperformance relative to its industry peers.
- Stocks rise as S&P 500 nears record high: Live updatesStocks ticked higher Thursday as the S&P 500 continued its march toward the all-time highs set earlier in the year.
- How 'Daddy' talk and Trump and Rutte's bromance stole the NATO spotlightIt was the "bromance" between President Donald Trump and NATO Secretary General Mark Rutte that ultimately threatened to steal NATO's limelight.