By Mike Stone WASHINGTON (Reuters) -U.S. President Joe Biden wants an 18% cut in the number of F-35 jets the Pentagon buys next year after Congress’ cap on the size of the upcoming defense budget compelled the administration to find savings, two sources familiar with the situation said. The Pentagon order for Lockheed Martin’s stealthy…
(Reuters) – Billionaire Nelson Peltz’s Trian Fund Management criticized Walt Disney’s investment plans, calling it a “spaghetti against the wall plan”, in a letter sent to the entertainment and media giant’s shareholders on Monday. The home of Mickey Mouse is in a proxy battle with Peltz who has pushed the company to cut costs, create…
By Samrhitha A (Reuters) -Uber Technologies shot to a record high on Wednesday after announcing its first-ever buyback of $7 billion worth of company shares after a strong recovery in ride-share revenue and healthy demand in its food delivery business. The company posted its first annual net profit last week since it went public in…
LONDON (Reuters) -The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange traded funds continued to support prices. Bitcoin’s price reached $51,902 on Wednesday, its latest 25-month high and a rise of 4.7% on the day, taking the token’s market…
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Shares of JetBlue Airways surged on Tuesday after activist investor Carl Icahn said he took a stake of nearly 10% in the low-cost carrier. JetBlue’s shares were up 14.7% in late morning after Icahn said his company had been in discussion with the airline about possible board…
