Defense stocks drop after Trump says Pentagon spending could be halved

U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in … Read more

Investigation looking at altitude, staffing and communication

Search and rescue teams work in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, with the Capitol dome in the background, as seen from Virginia, U.S., Jan. 30, 2025.  Carlos Barria | Reuters WASHINGTON — How an Army Black Hawk helicopter collided … Read more

US launches new probe into legacy Chinese chips

China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models.  Niphon | Istock | Getty Images The Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into everything from cars to household goods and defense systems. China “routinely … Read more

Trump Defense pick Pete Hegseth report details alcohol abuse

President-elect Donald Trump’s nominee to be Secretary of Defense Pete Hegseth leaves the Russell Senate Office Building on November 21, 2024 in Washington, DC.  Kevin Dietsch | Getty Images Pete Hegseth, the already embattled choice of President-elect Donald Trump to lead the Pentagon, faces a new magazine report detailing his alleged alcohol abuse, sexual impropriety, … Read more