U.S. Defense Secretary Pete Hegseth on Monday kicked off a multi-state tour in support of the nation's defense industrial base by paying a visit to a large group of shipyard workers in Newport News, Virginia.
Dubbed the "Arsenal of Freedom Tour," the month-long campaign aims to promote one of the Defense Department's top priorities of rebuilding the military by engaging with the DIB at various stops throughout the country.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.