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US to Sell F-35s to Saudi Arabia in $24.3 Billion Deal
Bloomberg1d agobearishVIDEO
US to Sell F-35s to Saudi Arabia in $24.3 Billion Deal

The State Department notified Congress that it plans to sell Saudi Arabia up to 48 F-35 warplanes in a first-time sale that could be worth as much as $24.3 billion. The sale of the Lockheed Martin Corp. fighter jet to Saudi Arabia has been in the works for a number of years. President Donald Trump signaled in November the US would sell F-35s to the Kingdom, offering Crown Prince Mohammed bin Salman a prize he's long cherished, ahead of a visit to the White House that month. Meantime, the Pentagon and Lockheed Martin Corp. are moving to speed up the production of a new classified air-to-air missile for US Air Force and Navy jets that's seen as vital to deterring China. For more, we speak with Wayne Sanders, Senior Defense Research Analyst for Bloomberg Intelligence.

Intuit Investor Day Puts AI at Center of Growth Reset After Customer Misses
MarketBeat1d agobearish
Intuit Investor Day Puts AI at Center of Growth Reset After Customer Misses

Intuit (NASDAQ:INTU) used its 2026 Investor Day to outline a strategy centered on scaling its AI-driven “Intuit Intelligence” platform, expanding its mid-market and assisted-tax businesses, and restoring new customer growth after falling short of internal targets in fiscal 2026. Chairman and CEO Sa

Can Volume Keep Covering Eli Lilly's Price Cuts?
Trefis2d agobearish
Can Volume Keep Covering Eli Lilly's Price Cuts?

Eli Lilly (LLY) grew revenue 48% in Q2 2026, driven by Zepbound and Mounjaro. A more understated metric for investors to watch is pricing. Lilly's U.S. price fell 9% from a year earlier, excluding changes to rebate estimates. So far, volume covers that cut. The risk is the quarter it cannot.

The Fed Is (Almost) Powerless Against the Bond Selloff
Barrons.com2d agobearish
The Fed Is (Almost) Powerless Against the Bond Selloff

The Federal Reserve’s long-awaited rate hikes are unlikely to rescue the beaten-down Treasury market. Long-dated U.S. government bonds, as measured by the iShares 20+ Year Treasury Bond exchange-traded fund, have generated 4.4% in losses this year on a total-return basis. Consider this: The 10-year breakeven rate, which measures future inflation expectations, has only risen 0.09 percentage points this year through Wednesday, even as the 10-year Treasury yield has risen nearly a full percentage point to 5.02%, a 19-year high.

💬Money Quote: Palantir’s Alex Karp on AI’s Political Fallout
The Wall Street Journal2d agobearish
💬Money Quote: Palantir’s Alex Karp on AI’s Political Fallout

📣 “You can’t have a revolution where I become 50 times wealthier and everyone else becomes 10% wealthier. It’s going to drive political insanity.” —Palantir CEO Alex Karp, sharing his belief with CNBC’s “Squawk on the Street” that the advent of artificial intelligence could lift most people economically and still ultimately create economic inequality.

Patriot Missile Sprint Is Running Ahead of Plan, CEO Says
The Wall Street Journal2d agobearish
Patriot Missile Sprint Is Running Ahead of Plan, CEO Says

Lockheed Martin’s CEO said the weapons maker was running ahead of schedule on its plan to more than triple production of sorely needed Patriot missiles. The massive orders will change the share of revenue that the company generates from missile sales, Taiclet said Thursday.

Coinbase CEO recalls sending one bitcoin to entice early users
Yahoo Finance Video2d agobearishVIDEO
Coinbase CEO recalls sending one bitcoin to entice early users

Scott Melker sits down with Coinbase (COIN) CEO Brian Armstrong to discuss the future of bitcoin (BTC-USD), why it could hit $400,000 by 2030, and Armstrong's memory of sending one bitcoin to users as an incentive to use the platform. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.