Year: 2018

Japan has selected Lockheed Martin Corp’s advanced radar for its multibillion-dollar missile defence system, a Japanese defence ministry official with direct knowledge told Reuters on Tuesday on condition of anonymity. Japan plans to buy two Aegis Ashore batteries that it wants to deploy in 2023 in an upgrade of its missile defence system that could help ease trade friction with Washington and provide cutting-edge protection against the arsenals of North Korea and China. Reuters reported last week that the candidates for the radar were Raytheon Co’s SPY-6 and a version of Lockheed Martin Long Range Discrimination Radar (LRDR). …read more […]

An alphabet soup of federal agencies are now poring over Facebook’s …read more […]

Facebook, the world’s largest social network with 2.2 billion users, is all …read more […]

Tesla’s news isn’t all positive now that it has met its Model 3 production …read more […]

WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation. …read more […]

Tesla met the target by running 24 hours a day for seven days, setting up a new production line inside a tent on the campus of its Fremont factory and pulling workers from other projects, according to the company and employees at the factory. Tesla’s heavily-shorted shares rose as much as 6.4 percent to $364.78 in early trading, but sank after several analysts questioned whether Tesla would be able to sustain the Model 3 production momentum, which is crucial for the long-term financial health of the company. “In the interim, we do not see this production rate as …read more […]

Shares of Micron (MU) and Nvidia (NVDA) both surged on Monday, which helped buck a recent downward trend for the two chip makers. Both of the semiconductor powers are also currently Zacks Rank #1 (Strong Buy) stocks. So let’s dive into some of Micron and Nvidia’s current fundamentals to see if either stock looks more appealing at the moment. …read more […]

Larry Kudlow, director of President Trump’s National Economic Council, set off a wave of incredulous head-scratching on Friday by claiming in an interview with Fox Business Network that the federal deficit “is coming down. Kudlow clarified his statement later in the day, explaining that he meant that the deficit will come down rapidly as the GOP’s tax cuts and the White House’s economic plan boost growth far beyond what most analysts outside the Trump administration expect. My case for lower deficits is that economic growth, both real and nominal, is going to be significantly faster than any of …read more […]