Given budget impasses on Capitol Hill, his big spending plans have been met with a healthy dose of skepticism. But to better understand how America’s armed forces could truly undergo a “great rebuilding” as costs come down, look no further than the U.S. Air Force’s Advanced Pilot Training competition, known as the T-X Trainer. The T-X Trainer is one of the biggest defense contracts currently up for grabs. Lockheed’s offering is the T-50A, an upgraded version of the T-50 Golden Eagle that South K

President Donald Trump is expected to sign multiple “financial related” executive actions at the Treasury on Friday, sources told CNBC. The White House confirmed that one of the items will be a presidential memorandum on orderly liquidation authority, which allows regulators to seize and wind down a failing bank. The provision was part of Dodd-Frank, lumped in with the Treasury’s ability to designate non-banks as systemically important financial institutions. Newswires reported Thursday evening

With about 16 percent of the S&P 500 companies reporting, earnings look as if they could grow about 11 percent over last year, according to Thomson Reuters. Strategists were watching some important technical moves in the S&P 500 after two days of heavy losses this week. Instead, he is looking forward to a move to 2380 on the S&P 500. He said he plays consumer discretionary through the XLY, Consumer Discretionary Select Sector SPDR Fund. “Within this consolidative market tape, that’s a big segmen

Trump says ‘we’ll get both’ a vote on healthcare vote and keeping government open 12 Hours Ago | 03:22Congress may have to choose next week between keeping the government open and voting to repeal Obamacare — but President Donald Trump thinks it can do both. “As far as keeping the government open, I think we want to keep the government open, don’t you agree? Congress returns from recess next week, with only days before the current resolution funding the government expires on April 28. It is uncl

Google has slowly been pulling back the curtain on homegrown silicon that could define the future of machine learning and artificial intelligence. Some key creators of that project — the Tensor Processing Unit, or TPU — recently left to team up with Chamath Palihapitiya, one of Silicon Valley’s most prominent and outspoken young venture investors, on a stealth start-up. Groq Inc. is the name of the company, at least for the time being. “It’s too early to talk specifics, but we think what they’

The euro held steady below a three-week high against the dollar on Friday, as investors awaited this weekend’s first round of voting in France’s presidential election. The euro was flat at $1.0718, after having risen to as high as $1.0778 on Thursday, its strongest since late March. Security concerns have taken center stage in the run up to Sunday’s vote. A French policeman was shot dead and two others were wounded in central Paris on Thursday night in an attack claimed by the Islamic State mili

Security concerns took centre stage on Friday in the last days of France’s tight presidential race in the wake of a shooting in Paris which killed one policeman. Polls ahead of the two-round French presidential vote, which begins on Sunday, give both far-right and far-left candidates a chance of making it into next month’s run-off, though centrist candidate Emmanuel Macron is shown in the lead. “I would expect investors to stay on the fence… they would likely be market-watching rather than mar

Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years. Brent crude futures were at $52.99 per barrel at 0323 GMT, flat from their last close. Brent futures are set for a 5.2 percent weekly drop, the most since the week of March 10. U.S. West Texas Intermediate (WTI) crude futures were also almost unchanged, at $50.74 a barre

Asia markets were mostly higher on Friday after a strong session in the U.S. amid caution following a suspected terrorist shooting in Paris ahead of the first round of the presidential election at the weekend. One policeman was killed and two were injured after a gunman opened fire in central Paris on Thursday night. The shooting took place just before voters head to the polls in a tightly contested presidential race, with centrist Emmanuel Macron and far-right candidate Marine Le Pen leading th

[The stream is slated to start at 9:30 a.m., ET. Please refresh the page if you do not see a player above at that time.] International Monetary Fund Managing Director Christine Lagarde holds a news conference as the IMF and the World Bank Group hold their 2017 spring meetings.

Google plans to introduce a new ad-blocking feature to its Chrome browser, according to reports from the Wall Street Journal which cite sources familiar with the company. Targeted adverts are likely to be those featured in a report released last month by the Coalition for Better Ads, a U.S. and European industry group, the Journal suggests. These include six desktop and twelve mobile web ad experiences which it said fell below the threshold of “consumer acceptability,” such as pop-ups and auto-p

The days of tapping in your PIN at the checkout could be numbered after credit card provider Mastercard unveiled a payment card in South Africa featuring a biometric fingerprint scanner. Mastercard, which processes more than 65,000 transactions every minute worldwide, made the announcement on Thursday following two successful trials in South Africa. The technology works in a similar way to mobile phone payments, in which users must hold their finger over the sensor whilst making a purchase. Inst

“So I think there’s a lot of openness on the part of the military to working with these companies. And of course these companies are trying to operate in space less expensively, and the government is under budget pressure across the board, so that’s attractive as well.” The government is also interested in software solutions that can help the Air Force and other U.S. agencies quickly make sense of all that data collected by both commercial satellites and the Pentagon’s own fleet of imaging and i

Amazon founder and CEO Jeff Bezos is a lot more hands-on than you might expect. Though he oversees the direction of a $433 billion enterprise, he pays very close attention to the inner workings of the company, according to Brad Stone’s unofficial biography, “The Everything Store: Jeff Bezos and the Age of Amazon” and multiple reports citing company insiders. Since he makes so many decisions each day, both big picture and detail-oriented, Bezos developed a phrase he says helps him navigate his bu

GoPro just unveiled the Fusion, a new camera that’s capable of recording really sharp spherical images for all sorts of use cases, including virtual reality. Instead, GoPro will give the camera to “professional content creators” early this summer before it becomes available to the general public. GoPro said the Fusion is very advanced, though, and provides the same sort of content you’d get if you molded six traditional GoPro cameras into a single unit, CEO Nicholas Woodman explained in a press

when they began to devote CAPEX to their cloud, as well as the magnitudes of their cumulative and on-going CAPEX investment. Our analysis begins in 2001, as this is the first year for which we have Google CAPEX numbers (a whopping $13 million). Including the capital leases makes the CAPEX numbers significantly higher. In 2016, Amazon did $5.7 billion in capital leases on top of $6.7 billion in CAPEX. We find an extra almost $1.1 billion in CAPEX for Microsoft in 2016 when we check their couch cu

Verizon Communications reported first-quarter earnings and sales on Thursday that missed analysts’ expectations, sending shares lower. Here’s what the company reported versus what the Street was expecting:EPS: 95 cents vs estimate of 96 cents, according to Thomson Reuters analysts’ consensus. Revenue: $29.814 billion vs $30.487 billion estimate, according to Thomson Reuters. The telecom company said it added a net of 35,000 Fios internet connections, missing quarterly estimates, and it lost a ne

The iPhone 7 Plus is more powerful than Samsung’s international Galaxy S8, according to some tests performed by Ars Technica. Before we go on, know that these tests benchmarked Samsung’s international Galaxy S8, which uses the company’s in-house Exynos processor and not Qualcomm’s brand new Snapdragon 835 chip. Without getting too technical, the iPhone 7 Plus appears to have handily beat the Galaxy S8 in single core tests. The iPhone 7 also beat out the Galaxy S8 in battery life tests, though th

Facebook is looking to hire someone to head up its news products, a significant new role charged with helping to combat the proliferation of so-called fake news on its service. The position, which reports up into Fidji Simo, Facebook’s VP in charge of news and video, isn’t listed on the company’s website. But sources say that whoever takes the job will help Facebook create news products for its media partners, like Instant Articles, as well as exploring ways to curb the spread of misinformation.

Google introduced support for multiple Google Home users on Thursday, which means it’s now capable of distinguishing whether you’re talking to it, or your wife is. The new Google Home feature, which is available right in the Google Home app on your smartphone, lets you add up to six different users. Each user will need to register with Google Home first, so that the assistant can understand who’s talking. Voice recognition is a feature that’s currently unique to Google Home and one that Amazon h