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Trump lays out Golden Dome missile defense plan, claims will be done by end of term

Trump lays out Golden Dome missile defense plan, claims will be done by end of term

CNN21-05-2025

President Donald Trump has laid out new details of his ambitious plan to build a 'Golden Dome' missile defense system to protect the United States from foreign attacks, saying it should be complete before he leaves office.
'We'll have it done in three years,' Trump told reporters as he detailed the plan in the Oval Office on Tuesday. 'Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world.'
High-profile defense contractors and tech companies - including Elon Musk's SpaceX - are already jockeying for the job to build the shield, making pitches directly to Defense Secretary Pete Hegseth.
The US administration has remained vague on its plans for developing the missile shield, which takes inspiration from Israel's Iron Dome.
While it is not yet clear what exactly the Golden Dome will look like, there are significant differences in scope and scale to Israel's shield. The Iron Dome selectively protects populated areas from short-range threats in a country the size of New Jersey; Trump wants a space-based missile defense system capable of defending a country around 450 times larger, from advanced ballistic and hypersonic missiles.
The project will cost about $175 billion dollars, Trump said, and will be led by Gen. Michael A. Guetlein, vice chief of space operations at the United States Space Force. Trump said $25 billion dollars will be allocated from his sweeping spending cut and tax bill, which he's pushing House Republicans to pass.
Earlier in May, the Pentagon submitted small, medium and large options to the White House for developing the Golden Dome. Trump didn't specify a final choice on Tuesday but said that they had 'selected an architecture for this state-of-the-art system.'
The administration's cost and construction time estimates run contrary to those given by other military officials. Retired Rear Adm. Mark Montgomery previously told CNN he believes creating a ballistic missile defense system may be possible in 7 to 10 years, but even then, it will have severe limitations, potentially capable of protecting only critical federal buildings and major cities.
Other experts have told CNN that several hundreds of billions of dollars would probably be a conservative estimate, with some saying projecting the total cost of such a project was essentially impossible.
The US has talked about building a missile shield for decades, but it has never been realized because of gaps in technology and cost.
The Defense Intelligence Agency recently released an unclassified assessment underscoring how US adversaries like China, Russia, Iran and North Korea could potentially target the American mainland with a variety of ballistic missiles, long-range cruise missiles, bombers and hypersonic missiles.
Constructing the shield is a massively complex task that will require a network of government agencies and private contractors, according to multiple sources familiar with the planning process.

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Republicans, be so for real. This embarrassing government is what you wanted?
Republicans, be so for real. This embarrassing government is what you wanted?

USA Today

time15 minutes ago

  • USA Today

Republicans, be so for real. This embarrassing government is what you wanted?

Republicans, be so for real. This embarrassing government is what you wanted? | Opinion Is this really what Republicans still want? Are they so scared of trans people having rights or undocumented immigrants receiving due process they chose a government that won't stand up to tyranny? Show Caption Hide Caption Six takeaways from the President Donald Trump, Elon Musk feud From disappointment to threats, here are six takeaways from the public spat between President Donald Trump and Elon Musk. Anyone could have predicted that President Donald Trump's second term was going to be an absolute disaster. I doubt even Republicans realized it would be this bad. Amid Trump's feud with Elon Musk, our tanking economy and our dysfunctional Congress, it seems that the next three and a half years are going to be rough on the country. I have to imagine that some Republican voters have buyer's remorse but would never admit it. I also realize that, for many Republican voters, a chaotic government is better than one that's run by a Democrat. They would rather watch our country become an international laughingstock than vote for someone who would run a stable, albeit more liberal, government. They would rather have millions lose health care than have a Democrats in power. I'll be the first to admit that Kamala Harris wasn't a perfect presidential candidate, but she was competent. She was energetic. She could ensure the country stayed on its course and continued to be a place where people felt secure. We could have had that. And Republicans in Congress would have done their job. Instead, we have this. So, this far into Trump's chaotic reign, I have to ask. Is this really what Republicans wanted? President Donald Trump vs. Elon Musk. Really? In case you missed it, Trump and Musk have gone from inseparable to enemies in a matter of hours. Musk, who was previously charged with leading the Department of Government Efficiency, has gone on X (previously Twitter) to allege that Trump was included in the Jeffrey Epstein files and whine that the Republicans would have lost the election without him. Trump, in response, has threatened to cancel all of Musk's contracts with the federal government. It's almost entertaining, in the way high school drama is entertaining. If only the entire country weren't on the verge of suffering because of it. Opinion: Musk erupts, claims Trump is in the Epstein files. Who could've seen this coming? If Harris had been elected, I doubt she would have made a narcissistic man-child one of her closest advisers in the first place – not just because Musk endorsed Trump, but because he was and continues to be a liability. She wouldn't have created DOGE and then allowed it to be a threat to Americans. Republicans, however, were unwilling to acknowledge the baggage that came with having Musk on their side. Now we have the president of the United States embroiled in a childish social media battle with the world's richest man. Think about how stupid that makes the country look. Is this what Republicans wanted? Is that what they still want? Surely they knew that the Trump-Musk partnership, like many of Trump's alliances, was going to implode. They are so scared of progressivism that they would rather have pettiness and vindictiveness in the White House. The American economy is not doing well. You wanted this? Trump, ever the businessman, has decided that making everything more expensive is what will make our country great again. His tariffs are expected to cost the average family $4,000 this year, according to the U.S. Chamber of Commerce. I thought Republicans were the party of the working class. I thought they were supposed to care about grocery prices and the cost of living. But with the insanity of Trump's tariffs, a cooling job market and tax cuts that protect the wealthy, it seems like nothing is actually getting better for the average American. Our economy actually shrank. Opinion: Who would want to have babies under a Trump administration? Not me. Again, Republicans, you really wanted this? You were so scared of a government that was slightly more liberal that you would let everything get more expensive for working families? What were you afraid of – taxing billionaires? Helping first-time homebuyers? Harris' 'opportunity economy'? It seems like none of you thought this through. Or, worse, you did. The Republican Congress is a joke Another element of Trumpism is the fact that Republicans in Congress seem to be fine with the way he is completely dismantling the United States government. They don't care that his One Big Beautiful Bill Act is going to add to the deficit, so long as it's a Republican putting us further into debt. Some of them, like Rep. Marjorie Taylor Greene of Georgia, failed to even read the bill before voting for it. Their lack of interest is so substantial that she just admitted it openly. Opinion: Why can't Democrats take advantage of all this obvious Republican failure? If Harris had been elected, there would be no need for Congress to monitor her every move (even if they're failing to do that with Trump). Instead, we may have seen a legislature that, while divided, was able to function. We would have had checks and balances and likely significantly fewer executive orders, none of which would have tried to rewrite the U.S. Constitution. Once again – is this really what Republicans still want? Are they so scared of the possibility of trans people having rights or undocumented immigrants receiving due process that they would choose a government that won't stand up to tyranny? Would they really elect a tyrant in the first place? They did, so I suppose they must be OK with all of it. I can't get over the fact that Republicans willingly chose chaos over stability. They would rather say they won than have a functioning government or a stable economy. They would rather see our country suffer than admit that Trump is a raging lunatic. That isn't patriotism – it's partisanship. They would rather give Musk billions in federal contracts than help Americans in any way. This is what nearly half the country chose for the rest of us. And it doesn't seem like anyone is embarrassed about it. Follow USA TODAY columnist Sara Pequeño on X, formerly Twitter: @sara__pequeno

Dollar General Stock Just Popped, but Is the Worst Really Behind It?
Dollar General Stock Just Popped, but Is the Worst Really Behind It?

Yahoo

time16 minutes ago

  • Yahoo

Dollar General Stock Just Popped, but Is the Worst Really Behind It?

Dollar General is starting to benefit from more affluent customers trading down on their shopping choices. However, its core customer base remains under pressure. The stock, meanwhile, is no longer in the bargain bin after a strong rally. 10 stocks we like better than Dollar General › Dollar General (NYSE: DG) has struggled in recent years, as inflationary pressures hurt its lower-income consumer base. However, the stock staged a strong rally following its fiscal first-quarter earnings report. As of this writing, it is up 50% in 2025. Let's take a closer look at its most recent earnings report and commentary to see whether this rally is sustainable or if the worst is not really behind it just yet. On the surface, tariffs would seem to be a big negative for a company like Dollar General. After all, the retailer's core customer base was already feeling pressure from higher prices due to inflation, and it looked like it was losing share to big-box price leader Walmart (NYSE: WMT). However, the company has begun to see more higher-income consumers frequent its stores in search of value. The retailer said it plans to minimize the impact of tariffs on its gross margins as much as possible without raising prices, although it could increase prices as a last resort. It plans to do this by working with vendors to cut costs, moving some manufacturing to other countries, and tweaking its product lineup by making changes or swapping out certain items. It noted that a mid- to high-single-digit percentage of its overall purchases are directly imported from China, but about double that percentage comes indirectly from the country. The inroads with higher-income consumers contributed to a 2.4% increase in same-store sales in the quarter. While traffic fell by 0.3%, its average checkout ticket rose by 2.7%. Growth came from gains in the food, seasonal, and home & apparel categories. Same-store sales is a very important metric for Dollar General, as it has said in the past that it needs to grow its comparable-store sales by around 3% for it to leverage its expenses and grow its earnings. However, the composition matters, and growth from high-margin areas, such as seasonal items, helped power its earnings higher. This appears to be largely a reflection of higher-income consumers shopping at its locations, as well as its efforts to improve the customer experience and offer better merchandising in categories such as seasonal decor and home items. The company also said that its newer pOpshelf store concept -- which is meant to provide a fun and affordable shopping experience with a focus on home goods, seasonal decor, and party supplies -- performed well, exceeding expectations. Overall, Dollar General's revenue rose 5% year over year to $10.4 billion, while its earnings per share (EPS) jumped 8% to $1.78. That was well ahead of the analyst consensus of $10.3 billion in revenue and adjusted EPS of $1.48. Gross margin increased 78 basis points to 31%, helped by lower shrink and higher inventory markups. Shrink is the amount of merchandise that gets lost, damaged, spoiled, stolen, or just generally can't be sold, and the company has been working hard to improve this metric. Looking ahead, Dollar General raised its full-year guidance. It now expects revenue to grow between 3.7% and 4.7%, with same-store sales increasing between 1.5% and 2.5%. That's up from a prior outlook of revenue growth of 3.4% to 4.4% on comparable-store growth of 1.2% to 2.2%. Meanwhile, it raised the low end of its full-year EPS guidance to a range of $5.20 to $5.80, up from a previous forecast of between $5.10 and $5.80. It said that the guidance assumes that current tariff rates remain in place. Metric Prior Guidance Current Guidance Revenue growth 3.4% to 4.4% 3.7% and 4.7% Same-store sales growth 1.2% to 2.2% 1.5% and 2.5% Earnings per share $5.10 to $5.80 $5.20 to $5.80 Source: Dollar General. The company is also looking to add 575 new store openings in the U.S. this year and up to 15 in Mexico. Dollar General appears to be benefiting from the trade-down effect this year. This is something Walmart has been experiencing for a while, but something dollar stores like Dollar General had previously been missing out on. It was only last year that these companies were talking about how the current environment was one of the most difficult periods in their histories. And for dollar stores' core customer bases, things may actually be worse now with tariffs than they were last year. As such, whether Dollar General can continue to turn the corner likely depends largely on whether it can keep the higher-income customers that have begun to visit its stores and continue to attract new ones. Right now, the company is seeing these new customers visit more often and spend more money per visit. Its remodeling efforts, along with initiatives like its mobile app and own same-day delivery service and partnership with DoorDash, are also likely helping attract more affluent consumers. From a valuation perspective, the retailer now trades at a forward price-to-earnings (P/E) ratio of 20 based on analyst estimates for fiscal year 2025 (ending January 2026). That valuation shows the stock is no longer in the bargain bin. While Dollar General has made a lot of progress -- with its core consumer still very stressed -- I don't want to chase this rally at its current valuation. Before you buy stock in Dollar General, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dollar General wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DoorDash and Walmart. The Motley Fool has a disclosure policy. Dollar General Stock Just Popped, but Is the Worst Really Behind It? was originally published by The Motley Fool Sign in to access your portfolio

Homes in Franklin County sold for higher prices recently: See how much here
Homes in Franklin County sold for higher prices recently: See how much here

Yahoo

time20 minutes ago

  • Yahoo

Homes in Franklin County sold for higher prices recently: See how much here

Newly released data from for March shows that potential buyers and sellers in Franklin County saw higher home sale prices than the previous month's median of $259,000. The median home sold for $265,000, an analysis of data from shows. That means March, the most recent month for which figures are available, was up 2.3% from February. Compared to March 2024, the median home sales price was up 4.4% compared to $253,750. sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data. Information on your local housing market, along with other useful community data, is available at Here is a breakdown on median sale prices: Looking only at single-family homes, the $263,000 median selling price in Franklin County was down 3.7% in March from $273,000 the month prior. Since March 2024, the sales price of single-family homes was up 2% from a median of $257, single family homes sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in March 2024. Condominiums and townhomes increased by 26.8% in sales price during March to a median of $265,000 from $209,000 in February. Compared to March 2024, the sales price of condominiums and townhomes was up 28.5% from $206,300. No condominiums or townhomes sold for $1 million or more during March. In March, the number of recorded sales in Franklin County rose by 25.8% since March 2024 — from 128 to 161. All residential home sales totaled $61 million. Across Pennsylvania, homes sold at a median of $265,000 during March, up 1.9% from $259,998 in February. There were 9,945 recorded sales across the state during March, down 3.3% from 10,287 recorded sales in March 2024. Here's a breakdown for the full state: The total value of recorded residential home sales in Pennsylvania increased by 18.7% from $2.7 billion in February to $3.2 billion this March. Out of all residential home sales in Pennsylvania, 2.33% of homes sold for at least $1 million in March, up from 2.29% in March 2024. Sales prices of single-family homes across Pennsylvania increased by 1.9% from a median of $260,000 in February to $265,000 in March. Since March 2024, the sales price of single-family homes across the state was up 6% from $250,000. Across the state, the sales price of condominiums and townhomes rose 2% from a median of $255,916 in February to $261,000 during March. The median sales price of condominiums and townhomes is up 6.1% from the median of $245,892 in March 2024. The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Waynesboro Record Herald: Homes in Franklin County sold for higher prices recently: See how much here

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