defense spending
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Pentagon’s $824 Billion Audit Fail: What Are They Hiding?
The Pentagon has failed its seventh consecutive audit, leaving $824 billion in budget funds unaccounted for and raising serious questions about financial transparency and accountability in the Department of Defense. Despite ongoing efforts to achieve a clean audit by 2028, the latest report reveals significant challenges in tracking the nation’s largest government agency’s spending. Out of 28 entities audited, only…
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The $130B Plan to Replace the U.S.’s Nuclear Missiles | WSJ Equipped
About 450 Cold War-era Minuteman nuclear missiles were only supposed to last 10 years. But now, these ICBMs have defended the U.S. for more than 50. The Air Force is planning to spend $130 billion on replacing them to boost the U.S. nuclear defense strategy with a new modern iteration—the Sentinel missile. WSJ explains the science and strategy behind nuclear…
Read More » Nvidia Surges Past $1000, Rishi Sunak Calls Surprise Election | Bloomberg Markets Today 05/23
Nvidia surges past $1,000 postmarket after a bullish sales forecast underlines the enduring strength of the AI boom. We’ll break down the numbers. Fed minutes show policymakers rallying around the higher-for-longer view on rates. We speak to Ken Kencel of Churchill Asset Management later in the show. The UK Prime Minister hopes for brighter days ahead, as he calls a…
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