Lockheed Martin, the US aerospace and defence company that manufactures F-16 fighter aircraft, has been named the principal contractor.—AFP/file • Lockheed Martin picked as main contractor; $686m deal aims to extend fleet service life until 2040 • US Congress was earlier notified of the proposed sale, didn’t raise any objections WASHINGTON: A US military upgrade package for Pakistan’s F-16 fighter fleet, worth $686 million, has been cleared through a statutory congressional notification process. Lockheed Martin, the US aerospace and defence company that manufactures the F-16 fighter aircraft, and has long been responsible for its design, upgrades, and sustainment programmes for international operators, has been named the principal contractor for the proposed sale. The sale was processed under existing authorities provided by the Arms Export Control Act and annual appropriations laws. These provisions allow the executive branch to obligate and disburse funds once Congress has been formally notified and does no...
BlackRock’s IBIT Bitcoin ETF has featured on the $13.5 trillion asset manager's homepage, representing one of three major investment themes as the market heads into 2026. BlackRock says its spot Bitcoin exchange-traded fund was one of its three biggest investment themes in 2025, putting it alongside Treasury bills and the largest US tech stocks. The asset manager named its iShares Bitcoin Trust ETF (IBIT) alongside its ETF tracking Treasury bills and another tied to the “Magnificent 7” tech stocks of Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla. IBIT has attracted more than $25 billion in net inflows this year, ranking sixth among all ETFs and trailing broad index funds, despite the fund delivering a negative return so far for 2025. Read more
Bitcoin has often surged after sustained hashrate drops, a trend that would provide much-needed relief to many struggling Bitcoin miners at current prices. Bitcoin’s hashrate fell 4% over the month to Dec. 15, which could be a positive sign for the cryptocurrency’s price in the months ahead as miner capitulation is “historically a bullish contrarian signal,” VanEck analysts say. “When hash rate compression persists over longer periods, positive forward returns tend to occur more often and with greater magnitude,” VanEck crypto research lead Matt Sigel and senior investment analyst Patrick Bush noted in a report on Monday. They noted that since 2014, Bitcoin’s 90-day forward returns have been positive 65% of the time when the network’s hashrate had declined over the prior 30 days, compared with 54% when the hashrate rose. Read more