Defense stocks at record highs on Trump-Saudi deal

Lockheed Martin, Raytheon and General Dynamics each hit new all-time highs after Saudi Arabia announced $110 billion in defense contracts with the US during President Trump's visit to the kingdom.
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News: What you need to know about the markets
 
 
Defense stocks at record highs on Trump-Saudi deal
Lockheed Martin, Raytheon and General Dynamics each hit new all-time highs after Saudi Arabia announced $110 billion in defense contracts with the US during President Trump's visit to the kingdom. Read more »
 
American oil companies deepen Saudi ties
Despite their battle in global oil markets, Saudi Arabia and America have deepened their energy ties with a slew of deals signed during President Trump's visit. The agreements show the complex relationship between two of the world's largest oil producers. Read more »
 
Bitcoin prices are soaring under Trump
Remember bitcoin? The digital currency's price has more than doubled this year. Some cite the fact that President Trump has some pro-bitcoin advisers in his administration. But others argue bitcoin is a great play on political turmoil. Read more »
 
The Church of England has amazing money managers
The Church of England's endowment grew by 17% in 2016. Harvard's fund lost money in its last fiscal year. Read more »
 
Ford is replacing CEO Mark Fields
Ford CEO Mark Fields is out, to be replaced by Jim Hackett, industry outsider recently brought on to run Ford's autonomous vehicles efforts. Read more »
 
Cathay cuts 600 jobs
Cathay Pacific lays off about 600 people as competition from China and low-cost rivals hits business. Read more »
 
 
 
 
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