The defence-technology company will invest $3.7 billion in a Maryland shipyard under a $2.9 billion Navy contract to build Virginia-class submarine components.
Tuesday, October 6, 2026
24 storiesThe Westpac-Melbourne Institute index fell 4.7% in October to its weakest reading since the 1990s, days after the Reserve Bank lifted rates to a 15-year high.
The governor said it is becoming more important to keep underlying inflation anchored around the target, leaving further rate increases on the table without committing to October.
The Bridgewater founder said interest costs are crowding out other spending and that China and Japan may pull back from US Treasuries, days after the Treasury secretary told investors the debt path would soon improve.
The federal government is buying detention real estate outright while the operator clears secured debt and opens room for buybacks.
Vice Chair for Supervision Michelle Bowman set out a restructuring of how the Federal Reserve examines banks, and said the asset thresholds that sort institutions by size will be revisited next.
Attacks on shipping in and around the strait injured crew on at least one tanker and left Gulf crude and condensate exports well below normal.
The chipmaker returned to a record high as US equity benchmarks hit fresh all-time highs and Treasury yields fell back.
Seven core producers agreed at a virtual meeting on Sunday to leave November production unchanged, leaving about 2 million barrels a day of cuts in place while Gulf supply is disrupted.
The combined company brings three film studios, two streaming services and two news networks under David Ellison's control after a yearlong fight.
US bond yields fell back from their highest levels since 2002 after crude dropped under $100 a barrel and Treasury Secretary Scott Bessent restated his pledges on the debt.
August's gap was the widest since just before the tariffs took effect last year, and economists now expect net trade to subtract from third-quarter growth.
Brazilian stocks surged after Flavio Bolsonaro finished ahead of President Lula da Silva in the first round, sending the race to a runoff.
Beijing shut a record number of small lenders last year, nearly one in four, while third-quarter growth is estimated below the official target.
The federal government bought three California immigration detention facilities from GEO Group, which will keep operating them.
The euro hit its weakest level against the dollar in 17 months as French deficits and a snap Spanish election unsettled investors.
The White House's top economic adviser said it is time for Jerome Powell to give up his remaining seat on the Federal Reserve Board.
Shipping incidents in the Strait of Hormuz are accelerating while oil flows rebound, pulling freight risk and crude prices in opposite directions.
Index levels remain near records while, by Morgan Stanley's count, roughly half of listed US stocks have fallen into bear-market territory.
Supervisors have been inside several large banks since spring asking about their lending to private-credit firms and how those loans are valued.
The merger of Paramount and Warner Bros Discovery has completed, handing David Ellison one of the world's largest entertainment companies.
US employers added 29,000 jobs in September, weaker than expected, and traders cut the odds of another rate increase this month.
A global bond selloff has pushed long-dated US yields to their highest level in about twenty years, and equities have so far looked through it.
An executive order temporarily opens highway use of tax-free dyed diesel and defers the federal excise tax on that fuel through the end of the year.