The Latest Breaking News from Pete Hegseth

Might of US military is no match for Metallica's lawyers as they demand removal of track from social media drone video

Rocket Lab and Kratos aren’t only sending drones and satellites into space—they’re putting defense ETFs into orbit. While these cutting-edge defense stocks rocket on the coattails of fresh Pentagon policy changes and Trump-era deregulation, investors are flocking to ETFs that combine military might with next-generation innovation. With drone demand through the roof and red tape getting burned, funds like Global X Defense Tech ETF (NYSE:SHLD) and SPDR SP Aerospace Defense ETF (NYSE:XAR) are becoming stealth champs in 2025’s search for returns.

U.S. stocks were lower, with the Dow Jones index falling more than 250 points on Friday.

IN FULL

Watch Pete Hegseth in an awkward drone video as he issues a new directive aimed at increasing the US’ arsenal of unmanned aerial systems, all while Metallica plays in the background.

It was US president Harry S. Truman who, in the years just after the second world war, kept a little wooden sign on his desk which read: “The buck stops here!”. It emphasised his willingness to accept ultimate responsibility for his decisions and actions as president, even the ones that…

Defense Secretary Pete Hegseth reportedly authorized a pause on weapons shipments to Ukraine without informing the White House. The decision triggered internal confusion and required explanations to Congress and Ukrainian officials.

Drone stocks are taking off after hours Thursday after Defense Secretary Pete Hegseth issued new orders to fast-track drone manufacturing and deployment.

Retiring GOP Sen. Thom Tillis called Defense Secretary Pete Hegseth "out of his depth" following reports, criticizing his leadership as "amateurish."