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News@lemmy.worldEnglish · 7 days ago

Defense stocks drop after Trump says Pentagon spending could be halved

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Defense stocks drop after Trump says Pentagon spending could be halved

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 7 days ago

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

KEY POINTS

Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.

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Rentlar@lemmy.ca
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7 days ago
Seems like the strategy is for us Canadians to feel so sorry enough with the state of affairs over there, that we’d join the states out of sympathy. Nice try.
- Flying Squid@lemmy.world
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  Even Canada isn’t that sorry.

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