Lockheed Martin leading race for $3.5 billion purchase of naval defense firm Ultra Maritime
Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.

Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.
Leaders are expected to focus on whether Europe can turn higher defense spending into military power as Washington pushes allies to shoulder more of the burden.
Folarin Balogun was surprisingly cleared by FIFA to play for the United States Men's National Team in the World Cup against Belgium on Monday.
Iran may face challenges in clearing oil inventories even after restrictions have been lifted, amid oil supplies elsewhere while China becomes less enthusiastic
The reported delay adds to concerns that Nvidia's breakneck annual release cadence is colliding with manufacturing limits.
Foreign aid cuts have "demonstrably worsened" the Ebola crisis, a virologist told CNBC.
Soccer fans heading to World Cup matches at MetLife Stadium shared how much they expected to spend with CNBC Make It outside New York's Penn Station.
Trading volumes on Kalshi and Polymarket both hit record highs in June. Rothera, a new prediction market platform, was also able to manage $2 billion in volume.
U.S. social media giant Meta is facing an onslaught of regulatory scrutiny in India, which has the largest user base for Facebook, Instagram and WhatsApp.
Here's a breakdown of how Trump Accounts work, who qualifies for free money and when the funds can be withdrawn.
The incident was reported in one of the world's most crucial trade transit routes amid a fragile ceasefire between Iran and the U.S.
The problem is that we have seen this horror movie before.
France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.
With thousands of dividend-paying companies to choose from, identifying the right stocks can be challenging.
Before they ballooned into multi-day destination getaways, bachelorette parties tended to be one night of raucous fun. Some brides are bringing it back.
Macron and Modi are courting tech CEOs as France and India seek AI data center investment and cloud infrastructure.
The president defended his family's business and said he feels bad that the presidency creates a conflict of interest in any of his children's investments.
The SpaceX stock purchases come as Elon Musk’s company deepens its role in federal contracting and remains closely tied to President Donald Trump’s Washington.
James Patten is the third person who will be sentenced in the stock manipulation scheme related to Hometown International, a company that owned just one deli.
Child development expert Siggie Cohen, who has worked with over 5,000 families, shares one communication mistake she sees parents make every day. Here's why she says it can backfire, when to set clear boundaries and how to use questions more effectively.
Oman is using strategic ambiguity as talks over possible Strait of Hormuz fees raise legal, diplomatic and oil market concerns.
Credit card companies are increasingly offering access to lounges and perks at festivals and sporting events, often exclusively for premium cardholders.
Ford CEO Jim Farley told CNBC that the automaker has learned from its past quality and recall issues, which have hurt its earnings and stained its reputation.
The heat wave threatens to overwhelm U.S. grids and may force some to change their plans on one of the busiest travel weeks of the year.