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Latest Financial News
RTX Lands $22.9 Billion Tomahawk Contract as U.S. Moves to Rebuild Missile Stockpiles
The seven-year award is designed to support annual production of more than 1,000 Tomahawks, giving RTX long-term demand visibility as the United States works to restore missile inventories.
Gold Climbs Above $4,400 as Dollar Weakens and Fed Rate-Hike Bets Fade
Spot gold rose 1.2% to $4,426.52 by late morning in New York as the dollar slipped to a more-than-two-month low and September Fed hike odds fell to about…
AvalonBay-Equity Residential Merger Closes, Creating $70 Billion Vivmark Residential
Former AvalonBay holders now own about 51% of Vivmark, which starts trading as VMRK Tuesday with more than 184,000 apartments and $4.4 billion under construction.
Uber Invests in Zipline as It Targets One Million Drone Deliveries a Day
Uber is making an undisclosed strategic investment in Zipline as the companies plan a U.S. drone-delivery rollout targeting one million deliveries a day by the end of 2029.
U.S. Home Builders Keep Cutting Prices as Mortgage Rates Weigh on Housing Demand
Builder confidence barely improved in August, while 35% of builders cut prices and nearly two-thirds used sales incentives as elevated mortgage rates kept buyers cautious.
L3Harris Ousts CEO Kubasik After Conduct Investigation, Names Sam Mehta as Replacement
The defense contractor says the conduct did not involve financial reporting, controls, customers or operations, and it reaffirmed its 2026 outlook as Sam Mehta took over immediately.
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