Defense stocks drop after Trump says Pentagon spending could be halved

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

‘I have no idea how people can afford a kid’: Why so many couples are having pets instead of children May 13, 2025
Uncertainty is forcing young adults in their 20s and 30s to hold off on having kids. But they are still getting pets.
Weston Blasi
Trump should aim for zero tariffs. It could usher in a golden age for Americans. May 13, 2025
How “tariff zero” would expand opportunities for American exporters and help U.S. companies sell to the world.
Gary Shapiro
How trade wars and tariffs could put stock dividends on the chopping block May 13, 2025
Companies will slash dividend payouts to make up for lost revenue.
Paul Brandus
Shelter from inflation? CPI not showing much sign of it lately. May 13, 2025
Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.
Jeffry Bartash
Under Armour’s stock drops as company skips annual guidance due to uncertainty around trade and the economy May 13, 2025
Sports apparel giant expects a slight first-quarter profit, while Wall Street was expecting a breakeven quarter
Steve Gelsi
Social Security’s COLA could be lowest since 2021, pressuring seniors’ budgets May 13, 2025
The 2026 Social Security cost-of-living-adjustment is projected to be 2.4%.
Jessica Hall
As the Dow and S&P claw back their 2025 losses, they’re setting up for an extremely rare comeback victory May 13, 2025
Much to the surprise of many on Wall Street, the S&P 500 has managed to erase all of its losses from earlier in the year, and the Dow Jones Industrial Average isn’t far behind.
Joseph Adinolfi
My wife and I have $20 million and plan to retire in 5 years. What’s our annual retirement allowance? May 13, 2025
“My spouse and I are 66 and 59. We keep our finances separate. We do not have children.”
Alessandra Malito
How high-yield bond funds like these can lower your investment risk May 13, 2025
This year’s seesaw action in the stock market has emphasized two important concepts for investors: Diversification can lower your day-to-day risk, and income-producing investments can help you remain disciplined and avoid selling into a declining market.
Philip van Doorn
UnitedHealth’s troubles get worse, as 2025 outlook suspended and CEO steps down May 13, 2025
UnitedHealth’s stock cuts the Dow’s price by more than 350 points, as care activity accelerates and Medicare costs remain higher than expected.
Tomi Kilgore