News@lemmy.worldEnglish · 10 days ago

Defense stocks drop after Trump says Pentagon spending could be halved

www.cnbc.com

145

cross-posted to:
usnews@beehaw.org

614

Defense stocks drop after Trump says Pentagon spending could be halved

www.cnbc.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 10 days ago

145

cross-posted to:
usnews@beehaw.org

Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

KEY POINTS

Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.

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9 days ago
Muskrat being involved in this at all is an actual violation of his SGE title. Not that laws are real anymore, but, big ones would be broken.

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