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UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.
UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?"
Earlier, the analyst said:
Defense...
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Jul 30, 2026 / Tyler Durden
OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In
OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In
OpenAI just cut the price of its cheapest GPT-5.6 model by 80 percent, three weeks after launch - the clearest signal yet that the company that kicked off the generative AI boom is being dragged into a price war it did not start.
On Thursday the company said GPT-5.6 Luna, its speed-focused model, now costs 20 cents per million input tokens and $1.20 per million output tokens, down from $1 and $6. GPT-5.6 Terra, the mid-tier model, gets...
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Oct 12, 2026 / Tyler Durden
Chinese Lithium Futs Plunge As EU Hybrid Cap Deals Fresh Blow To Battery Demand
Chinese Lithium Futs Plunge As EU Hybrid Cap Deals Fresh Blow To Battery Demand
Lithium futures in China plunged on Monday after a Bloomberg report said the European Union will cap imports of Chinese hybrid vehicles at 350,000 per year, with the "safeguard measure" set to take effect in the coming weeks.
Under a four-year safeguard measure that could take effect Dec. 1, the bloc will limit Chinese hybrid imports to 350,000 vehicles in the first year, according to the report. The quota would increase by 6% annually from the second...
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Sep 27, 2026 / Dave DeCamp
Report: Ansar Allah Tells EU It Won’t Target European Ships
Yemen’s Ansar Allah, also known as the Houthis, has told the EU that it doesn’t intend to target European shipping, The Financial Times has reported, as the group has maintained that its Red Sea blockade applies only to Saudi shipping. Ansar Allah began its blockade on Saudi shipping after Saudi Arabia launched airstrikes against the […]
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