Trump Signs Order to Boost Drone Security Before World Cup

President Donald Trump signed executive orders Friday to bolster US drone capabilities, including strengthening counter-drone tools ahead of major sporting events such as the 2026 FIFA World Cup and the 2028 Summer Olympics that will be hosted in the country. “Taking...

Walmart CFO Says Shoppers Remain Focused on Food, Essentials

Walmart Inc. said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over discretionary purchases. “It’s been very consistent,” Chief Financial Officer John David Rainey told reporters in a question-and-answer...

Dronemaker Destinus Seek Funds at Unicorn Valuation

Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter. The company is holding talks...

US Services Activity Contracts for First Time in Nearly a Year

Activity at US service providers slipped into contraction territory last month for the first time in nearly a year on an abrupt pullback in demand, while prices accelerated as higher tariffs reverberated across the economy. The Institute for Supply Management’s index...

Dollar General Jumps Most on Record After Raising Forecast

Dollar General Corp. surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store...

US 20-Year Yields Fall Below Longer Bonds by Most Since 2021

For a fleeting moment Monday morning, 20-year bonds were no longer offering the highest yields on the US Treasuries curve. The tenor briefly traded below the longest-maturities by the most in almost four years, sending 20-year yields less than 1 basis point below the...

At 10 AM, Stock Options Soar as Retail Traders Unleash New Bots

When people talk about algorithmic traders, it evokes images of rooms full of math PhDs creating complex models that place huge trades in milliseconds after economic or earnings data is released. But now, it’s retail traders who are turning in droves to automated...

Trump’s Promises of Easy Wins Meet Reality During a Rocky Week

President Donald Trump returned to office promising to easily fix generationally intractable problems, from quickly brokering peace in Ukraine and the Middle East to overhauling the federal government and rewriting the global trade order. But this week showed just how...

Wall Street Eyes Chinese Stocks Hedges Ahead of Tariff Deadline

Since slumping to a four-month low in April, Chinese equities have rallied nearly 25% as US-China trade tensions eased. According to 22V Research, that’s left the stocks vulnerable to yet another selloff in coming weeks and months. The end to a temporary trade truce...

Wilbur Ross Says Investor Confidence Risks Fading Within Weeks

The relative calm in US stock markets has an expiration date, according to Wilbur Ross: late June. The famed corporate raider and former secretary of commerce expects President Donald Trump’s administration to make meaningful progress on trade pacts by the end of next...