U.S. can spend billions less on defense, says Anduril Industries founder

U.S. can spend billions less on defense, says Anduril Industries founder

Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to…

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GM overbought, AT&T oversold after active week of trading off earnings

GM overbought, AT&T oversold after active week of trading off earnings

Another strong week for stocks drove companies including General Motors to become overbought, according to one popular technical metric. Other stocks are also considered oversold after a busy earnings week. Each of the leading U.S. stock indexes closed higher this past week. All three major averages closed at record highs Friday after cooler-than-expected September inflation…

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