NORTHROP GRUMMAN
Trump's $1.5-trillion defence spending push runs into a Democratic wall after midterm rout
The recent midterm elections have heralded a major loss for Republicans, casting a shadow over President Trump's defense budget ambitions. Democrats, now in control of Congress, are resisting Trump's call for a $1.5 trillion increase in defense spending. This development poses a critical challenge as lawmakers must soon tackle the defense policy bill alongside the fiscal year 2027 budget.
US stocks today: Dow rallies 1,500 pts, S&P, Nasdaq over 1% as Democrats win midterm elections
Wall Street experienced a significant rally after the Democrats gained control of Congress, which eased political uncertainties. Investor sentiment was boosted, although data centre stocks faced a selloff due to potential scrutiny. Major tech companies like Amazon and Meta Platforms rose in value while AI infrastructure providers struggled. A decline in oil prices further contributed to market optimism regarding energy and clean technologies.
US defence stocks tumble as Democrats’ midterm victory raises Pentagon spending concerns
Defence stocks experienced a significant decline after Democrats won the midterm elections and will control Congress. Investors are concerned about potential scrutiny on Pentagon spending, affecting military programmes proposed by Donald Trump. Companies like Lockheed Martin and RTX saw their stock prices drop significantly. Analysts predict a projected defense budget closer to prior proposals rather than Trump's request.
Asian shares mostly advance following US midterms, though Kospi falls on selling of chipmakers
Asian markets experienced an upswing on Thursday, buoyed by a rebound in U.S. equities following the midterm elections. The Dow Jones leapt over 3% as political shifts occurred, leading to the loss of control for President Trump's party. Meanwhile, South Korea's Kospi mirrored struggles in the tech sector, particularly affecting AI stocks, while a drop in oil prices severely impacted energy firm shares.
US Stock Market today: S&P 500, Nasdaq, Dow Jones jump after midterm elections results, Wall Street investors send direct messages to Donald Trump, Elon Musk, check top stock prices
US Stock Market today: Donald Trump’s social-media company, Trump Media & Technology Group, was one of the market’s bigger losers, down 24.5 per cent. Elon Musk’s businesses also struggled. Tesla fell 3.3 per cent, and SpaceX sank 3.8 per cent.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
The Democratic sweep, which included victories in traditional Republican strongholds and key data-center hubs Texas and Georgia, will usher in divided government in Washington and raises the prospect of greater congressional oversight of industries that benefited from Republican control.
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Why did the Dow Jones jump 1,250 points today after Democrats won Congress while Tesla, SpaceX and AI stocks struggled? Will a Democratic Congress slow the AI boom?
Wall Street took the election result well on Wednesday, yet some names missed the rally. Democrats won Congress, and the Dow climbed 1,245 points, or 2.40% by 10:44 am ET. The S&P 500 rose 1.52% and the Nasdaq gained 1.82%. But Tesla, SpaceX and data centre stocks fell, as investors worry tighter rules may slow the AI boom.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
AI data centre stocks declined while renewable energy and healthcare shares rallied after Democrats won control of Congress in the US midterm elections. Investors assessed the possibility of tighter AI oversight and continued clean energy support. Defence contractors and prison operators fell amid concerns over changing government spending and immigration policies.
US stocks today: US stocks rally after Democrats' midterm sweep as AI infrastructure stocks slide
US stocks rallied after Democrats secured control of both chambers of Congress in the midterm elections, easing concerns over major policy shifts. The Dow, S&P 500 and Nasdaq advanced, while data centre stocks declined amid AI regulation concerns. AMD gained on its upbeat 2027 growth forecast, while clean energy stocks surged.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
Pixxel's Indian ownership comes under scrutiny
Pixxel founder and chief executive Awais Ahmed in a blog post on X said the company remains “headquartered, owned, managed and controlled in India,” on Monday. Indian investors, including the founders, collectively hold the largest shareholding in the company, followed by investors from Singapore, the UK and the US, he added.
Pixxel sets up US subsidiary to serve federal agencies
Pixxel in September raised $100 million (around Rs 945 crore) in the largest funding round in India’s spacetech sector, co-led by Singapore sovereign wealth fund Temasek and UK-based space investor Seraphim, ET reported.
Aerospace and military contractors raise 2026 profit forecasts
Northrop Grumman and RTX have raised their annual profit forecasts due to strong military demand. The companies reported record backlogs of $109.6 billion and $340 billion respectively. Sustained commercial aerospace services demand has also contributed to their growth. GE Aerospace, while performing well, has warned about potential declines in demand due to high fuel prices.
In 2026, Kofi Asante-led Bluecore Energy raised $50 million to put small nuclear reactors on floating barges
A nuclear power plant that floats on water and sends electricity to shore may sound unusual, but one startup wants to make it a reality. Bluecore Energy, led by founder and CEO Kofi Asante, has raised $50 million to develop small nuclear reactors mounted on floating barges. The California-based company sees potential customers in AI data centers, ports and remote coastal communities that need reliable power.
Airbus tests US-built combat drone in Europe, eyes Eurofighter teaming in 2027
Airbus has successfully conducted a test flight of the Valkyrie drone in Europe, demonstrating the potential for military drone integration. The flight showcased the drone's capabilities as it reached speeds of Mach 0.8 during various maneuvers. A partnership with Kratos Defense aims to equip the German Air Force with combat drones by 2029. Expected costs and specifications are under evaluation, with a focus on European production possibilities.
Defense secretary Pete Hegseth’s finances revealed: Bitcoin (BTC USD), more than $1 million in one bank account, retirement assets, stock sales and ETF purchases
Pete Hegseth has reported significant financial assets in his latest disclosure for 2025. His holdings include Bitcoin valued between $16,000 and $65,000 alongside a bank account exceeding $1 million. Additionally, Hegseth and his wife have reported five retirement accounts worth approximately $2.05 million to $4.35 million.
US stocks: US market rises as cooler inflation data ease October Fed hike bets
U.S. stocks surged higher as inflation reports came in softer than analysts predicted, easing worries about potential interest rate hikes. The Commerce Department revealed a 3.4% increase in the Personal Consumption Expenditures price index year-over-year. Major players like Apple and Alphabet enjoyed price rises, contributing to a notable boost in the Nasdaq Composite.
In 2021, NASA sent 11 types of crop seeds outside the space station for 8 months; after their return, scientists tested whether they could still grow
The 2021 NASA seed experiment ultimately demonstrates why some of the most important space discoveries can begin with objects that appear remarkably simple. A tiny seed contains the potential for an entire crop, yet its ability to remain viable after prolonged exposure to the space environment could become increasingly important as human exploration moves farther from Earth.
Cygnus XL’s maiden mission hits snag as engine shutdowns force NASA to delay ISS delivery of food, Oxygen, and spare parts
A cargo ship faced a setback. Northrop Grumman's Cygnus XL, carrying supplies for the International Space Station, had engine trouble. Two premature shutdowns forced a delay. The ship launched on a SpaceX Falcon 9 rocket from Cape Canaveral. Engineers are working to fix the problem. A new arrival date is pending. The Cygnus XL carries over 11,000 pounds of cargo.
Northrop Grumman working with Elon Musk's SpaceX on US spy satellite system
Northrop Grumman and SpaceX, led by Elon Musk, work on a spy satellite project enhancing US intelligence with high-res Earth imagery, involving commercial internet satellites, optical tech, and relay satellites.
Will the US take people to the moon with ‘Moon Train’? Here’s all about the Lunar Transport
Led by aerospace leader Northrop Grumman and backed by the US Department of Defense, this ambitious project seeks to enable smooth transportation of goods and individuals on the lunar terrain. It marks the dawn of a fresh era, fostering human presence and economic ventures beyond Earth's bounds.
US reveals secretive B-21 bomber in California
Delivering his remarks at the ceremony in California, US Secretary of Defense Lloyd Austin said the B-21's edge will last for decades. Austin explained that the B-21 bomber will not be theater-based, it won't need logistical support to hold any target at risk, and the most sophisticated air defence systems will struggle to detect the stealth aircraft.
Northrop Grumman raises full-year forecast on space unit strength
Analysts say Northrop's B-21 bomber and GBSD intercontinental ballistic missiles are likely to be the backbone for the company's growth over the next decade. The US is modernizing its military in an effort to deter Russia and China, which is likely to boost the company's balance sheet.
Northrop Grumman raises annual outlook as results beat on nuclear programs, radar demand
U.S. President Joe Biden has proposed a flat defense budget for 2022, despite calls from progressive Democrats to cut Pentagon spending, removing a potential hurdle to profits at defense companies, including Northrop.
NASA lifts off SS Kalpana Chawla cargo spacecraft
The S.S. Kalpana Chawla launched from the Mid-Atlantic Regional Spaceport (MARS) at NASA's Wallops Flight Facility in Virginia at 09:38 p.m. EDT. The spacecraft, a Northrop Grumman Cygnus, will arrive at and be attached to the space station two days later.
Northrop Grumman shows off its experimental spaceplane concept
A press release details that the XS-1 will have a reusable booster that Grumman stresses is "affordable" with "aircraft-like" operations.
Infotech in talks with Lockheed Martin for aircraft design
Infotech Enterprises, the city-based technology solutions provider offering engineering and geographic information (GI) services, is in talks with Lockheed Martin and Northrop Grumman for aircraft design and expects to sign contracts with them soon.
Northrop Grumman to lay off 750 workers
Northrop Grumman Corp. says it will lay off 750 workers, most of them in Southern California. The Los Angeles-based aerospace company announced the cutbacks were needed as it consolidates administrative staffs in El Segundo and Redondo Beach.
US lawmakers blast Boeing defense contract snub
US lawmakers reacted angrily to the award of a $ 35 billion Defense Department contract to a Northrop Grumman/EADS team, a major coup for Europe's Airbus at the expense of US giant Boeing.
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