Patamaporn Umnahanant/E+ via Getty Images By Carsten Brzeski , Global Head of Macro German industrial production struggled to gain momentum even before the war in the Middle East started. In February, industrial production dropped by 0.3% month-on-month from an upwardly revised stagnation in January. On the year, industrial production was unchanged. The February drop was mainly driven by weaker pr...
Patamaporn Umnahanant/E+ via Getty Images By Carsten Brzeski , Global Head of Macro German industrial production struggled to gain momentum even before the war in the Middle East started. In February, industrial production dropped by 0.3% month-on-month from an upwardly revised stagnation in January. On the year, industrial production was unchanged. The February drop was mainly driven by weaker production in the pharmaceuticals and electronics industries, while production in the automotive industry rebounded. Due to the cold winter weather, activity in the construction sector dropped by more than 1% MoM. At the same time, however, exports staged a strong rebound, surging by 3.6% MoM. As imports increased by almost 5% MoM, the trade surplus narrowed somewhat – but at €19.8bn, it remains at historically high levels. German economy on track for yet another quarter of contraction This morning’s macro data is the last release to paint a picture of the German economy before the war in the Middle East began. It’s a picture of a very reluctant, hesitant consumer, but of a manufacturing sector that is struggling to gain positive momentum. The only piece of evidence currently keeping our ketchup bottle comparison alive was yesterday’s industrial orders data, confirming that order books in the defence industry continue to fill. At least some support for our long-held view that the fiscal stimulus will increasingly reach the real economy. While the start of the year has been more cumbersome than expected, six weeks of war in the Middle East have only worsened the picture once again. The war in the Middle East and soaring energy prices have again exposed the fact that Germany is one of Europe’s largest net importers of energy. Some 6% of its oil imports stem from countries in the Middle East. The so-called energy-intensive industries in Germany account for some 17% of industrial gross value added and employ just under one million people. Admittedly, large corporates are currentl...
gettinthere Drone manufacturer AEVEX Aerospace said Thursday it is aiming for a valuation of as much as $2.35 billion as it prepares to go public in the United States, joining a wave of defense-focused companies seeking to tap strong investor demand. Atlas Precision Strike System (Aevex) The Solana Beach, California-based business, which is backed by Madison Dearborn Partners , is targeting procee...
gettinthere Drone manufacturer AEVEX Aerospace said Thursday it is aiming for a valuation of as much as $2.35 billion as it prepares to go public in the United States, joining a wave of defense-focused companies seeking to tap strong investor demand. Atlas Precision Strike System (Aevex) The Solana Beach, California-based business, which is backed by Madison Dearborn Partners , is targeting proceeds of up to $336 million from the offering. A growing pipeline of defense and aerospace issuers has emerged in recent weeks, as companies look to take advantage of heightened geopolitical tensions, including the ongoing U.S.-Israeli conflict involving Iran. Aerospace components supplier Arxis launched its own IPO roadshow earlier this week, signaling continued momentum in the sector. AEVEX specializes in airborne intelligence, surveillance and reconnaissance capabilities for the U.S. government and allied partners. Its work also spans precision-strike technologies and loitering munitions, with a portfolio that includes unmanned platforms capable of delivering explosives and executing guided attacks. Recent conflicts, particularly the war in Ukraine, have highlighted how critical drone technology has become to modern military strategy, accelerating global investment in such systems. An IPO would come at a time when rising geopolitical instability is pushing governments to increase defense budgets, with a focus on upgrading capabilities and deploying advanced technologies. The U.S. government represented about 78% of AEVEX’s revenue in 2025. As of December 31, the company reported a funded backlog of $503 million. Goldman Sachs , BofA Securities and Jefferies are serving as lead underwriters on the deal. AEVEX plans to list its shares on the New York Stock Exchange under the ticker symbol “AVEX.” More on AEVEX Corp., Invesco Aerospace & Defense ETF, etc. U.S. Defense Stock Underperformance: What The Market Is Telling Us Macro Insights: The Hormuz Crisis Says No, But The Marke...
Key PointsRed Spruce Capital increased its BSCT stake by 178,108 shares in the first quarter; the estimated trade value was $3.35 million based on quarterly average pricing.
Key PointsRed Spruce Capital increased its BSCT stake by 178,108 shares in the first quarter; the estimated trade value was $3.35 million based on quarterly average pricing.
CACI International ( CACI ) on Thursday said it has been awarded a seven-year technology contract valued at up to $287M by the U.S. Army’s Integrated Personnel and Pay System – Army (IPPS-A). "Under this contract, CACI will continue advancing towards a single, comprehensive solution to effectively operate and maintain IPPS-A Increment II, Managing Army’s Human Capital – Innovation, Integration, an...
CACI International ( CACI ) on Thursday said it has been awarded a seven-year technology contract valued at up to $287M by the U.S. Army’s Integrated Personnel and Pay System – Army (IPPS-A). "Under this contract, CACI will continue advancing towards a single, comprehensive solution to effectively operate and maintain IPPS-A Increment II, Managing Army’s Human Capital – Innovation, Integration, and Implementation (MAHC – III)," the company said. Source: Press Release More on CACI International CACI International Rightly Disputes Its Industry Classification: Oddly, That's Bullish CACI International Inc (CACI) Presents at Bank of America Global Industrials Conference 2026 Transcript CACI International Inc (CACI) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript CACI International prices $500M senior notes offering to fund ARKA acquisition CACI announces proposed offering of $500 million of senior notes due 2033
(RTTNews) - A report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of February.
(RTTNews) - A report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of February.
Stock index futures were lower before the opening bell as hopes of a resolution to the U.S.-Iran conflict waned following warnings from President Donald Trump of a major escalation. Here are the four stocks to watch on the day: CoreWeave ( CRWV ) rose 2.18% in premarket trading Thursday after the company announced an expanded long-term agreement with Meta Platforms to provide AI cloud capacity thr...
Stock index futures were lower before the opening bell as hopes of a resolution to the U.S.-Iran conflict waned following warnings from President Donald Trump of a major escalation. Here are the four stocks to watch on the day: CoreWeave ( CRWV ) rose 2.18% in premarket trading Thursday after the company announced an expanded long-term agreement with Meta Platforms to provide AI cloud capacity through December 2032, valued at ~$21 billion. The deal builds on an existing partnership and will support Meta’s AI development, with the company using CoreWeave’s platform to scale inference workloads. Chevron ( CVX ) gained 1.11% before the opening bell after the company said Thursday its first-quarter production fell as much as 6%, due in part to the Middle East war. In an 8-K filing, Chevron said it sees Q1 output averaging 3.8 million to 3.9 million barrels of oil equivalent per day, with volumes affected by downtime at Kazakhstan’s Tengizchevroil project as well as lower output from the Middle East, compared with 4.05 million boe/day during Q4 2025. Eli Lilly ( LLY ) edged up 0.02% in premarket trade after announcing Thursday that its newly approved weight loss pill Foundayo (orforglipron) will be available across U.S. retail pharmacies starting today. The launch sets up a battle with Novo Nordisk, which introduced its rival Wegovy pill earlier this year. When the FDA approved the once-daily therapy for obese or overweight adults with weight-related medical problems earlier this month, the company began immediately accepting Foundayo prescriptions through its direct-to-consumer site, LillyDirect. Tesla ( TSLA ) shares fell 0.2% before the opening bell as it said it was developing a smaller, lower-cost electric SUV, Reuters reported, citing four people familiar with the matter. The project is still in early stages, and it’s unclear whether Tesla has approved it for production. The company has recently approached suppliers to discuss details of the plan, according to the ...
If possible, Elon Musk’s recent appearance on the Moonshots with Peter Diamandis podcast may be the most sweeping claim he’s made yet. AI won’t just surpass human intelligence. It will do so by a margin so vast that humans become, in his words, a “microscopic minority” of intelligence not just on Earth but across the ... Elon Musk Says AI Will Exceed Human Intelligence to a Degree That Is Impossib...
If possible, Elon Musk’s recent appearance on the Moonshots with Peter Diamandis podcast may be the most sweeping claim he’s made yet. AI won’t just surpass human intelligence. It will do so by a margin so vast that humans become, in his words, a “microscopic minority” of intelligence not just on Earth but across the ... Elon Musk Says AI Will Exceed Human Intelligence to a Degree That Is Impossible to Fully Understand