cnbc_topnews

'Project Firepower': Inside Rheinmetall's gunpowder expansion as Europe races to replenish its ammunition

📰 source: cnbc_topnews · 💼 business

rheinmetall is expanding its gunpowder plant in bavaria under 'project firepower' to become one of europe's largest gunpowder facilities. the company aims to more than double production to 4,200 metric tons annually by 2028. ceo armin papperger said the shortage of nitrocellulose is no longer a problem after securing supply and building four years of reserves. europe has relied on china for cotton linters to make nitrocellulose, but exports have slowed, so rheinmetall is working on wood-derived cellulose as an alternative. the expansion follows the buildout of an ammunition plant last year as european governments boost defense spending after russia's invasion of ukraine. papperger expects the order book to grow to over 100 billion euros by year-end. rheinmetall shares have fallen 35% year-to-date, but papperger is unconcerned, noting demand for both drones and traditional ammunition. the site covers 90 hectares and includes a research center for advanced gunpowder.

why it matters: rheinmetall's gunpowder expansion is a test of europe's ability to rebuild its defense industrial base amid ammunition shortages and reduced reliance on us supplies.

source: cnbc_topnews
sentiment: -0.20 · impact: 0.65

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

Read more

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole