State of the Union: 5 key challenges for Biden as he delivers his speech

President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office. Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American … Read more

‘It seems everyone is bracing for a recession’ — U.S. factories contract for third month in a row, ISM finds

The numbers: A key barometer of American factories contracted for the third month in a row to 47.4% and touched the lowest level since early in the pandemic, signaling a loss of momentum in the U.S. economy as it entered the new year. The Institute for Supply Management’s manufacturing survey fell to 47.4% from 48.4% in … Read more

These 20 stocks led the January rally

The initial version of this story had incorrect price changes for 2023. It is now updated with information as of the market close on Jan. 31. Investors staged a January rally, with solid gains for the S&P 500 and an even better showing for technology stocks that led the dismal downward action in 2022. This … Read more

Biden to talk about U.S. economy as slowdown in growth expected

President Joe Biden on Thursday is slated to talk up the U.S. economy’s performance in his first two years in office, with his remarks coming as fourth-quarter data showed robust 2.9% growth but economists see a slowdown in the current quarter. Economists predict the U.S. will slow to a crawl in the first quarter — and … Read more

Supply-chain issues will weigh on Airbus and Boeing deliveries this year. Rolls-Royce will benefit, says Deutsche Bank

As supply chain issues linger, airlines will be relying on servicing of existing fleets to keep up with continued customer demand in 2023, and Rolls-Royce Holdings PLC is well placed to tap into that. That’s according to Deutsche Bank, which upgraded Rolls-Royce RR, +2.02% to buy from hold on Thursday, lifting its target price to … Read more

Why is the U.S. sending Abrams tanks to Ukraine, and why is it signifcant?

The U.S. plans to send 31 M1 Abrams tanks to Ukraine, marking another step up in American efforts to support the Eastern European country after Russia’s invasion 11 months ago. The decision to send these particular armored fighting vehicles, manufactured by a unit of defense giant General Dynamics Corp. GD, -3.64%, is a reversal for … Read more

After United Airlines win, Boeing involved in ‘more big orders,’ CEO says

Boeing Co., which recently clinched a major deal for hundreds of its jets with United Airlines Holdings Inc., is involved in other big deals, according to CEO Dave Calhoun. “We’re involved in more big orders now than we have been in a long time, I think last year was a big indicator for folks that … Read more

Boeing stock falls as loss widens

Boeing Co. stock fell Wednesday after the aerospace giant reported an unexpected loss due partly to high expenses as it shapes plans to increase production of its 737 and 787 planes. On the plus side, Boeing’s fourth-quarter free cash flow of $3.1 billion rose sharply from $494 million in the year-ago period. “Cashflow was boosted … Read more

Raytheon’s profit more than doubles as Ukraine war boosts defense budgets

Shares of Raytheon Technologies Corp., the maker of the Stinger and Javelin missiles, rose Tuesday, after the company posted fourth-quarter profit that more than doubled from the year-earlier period, offsetting a slight miss on sales. Chief Executive Greg Hayes said the Russian invasion of Ukraine had boosted demand for its products as governments raise defense … Read more

GE has seen only 1 thing that warns of falling demand in 2023

““The only thing we have seen, and this is in a proprietary view, Deane, is obviously, freight has softened here as the short-cycle economy has done the same.”” — GE CEO Larry Culp to RBC Capital Markets analyst Deane Dray That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing … Read more