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According to Irans Tasnim News Agency, Iran claims that a US-launched cruise missile was successfully intercepted and hit by an air defense system in western Iran several hours ago, and the missile has been destroyed.July 20th - According to foreign media reports, Boeing (BA.N) increased production of PAC-3 interceptor guidance heads by 30% last year and plans to achieve a similar increase this year to support the US replenishment of its critical air defense interceptor stockpile. Steve Parker, CEO of Boeing Defense, stated that the company produced 650 guidance heads last year, comparable to the number of PAC-3 missiles Lockheed Martin (LMT.N) plans to produce in 2026. Boeings goal this year is to increase guidance head production to 850 sets. During the Iran-Iraq War, the US and its allies launched thousands of PAC-3 interceptors as Iran launched ballistic missiles at multiple targets in the region. The framework agreement signed this year is expected to boost related production to 2,000 missiles per year by 2030.On July 20, the Jordanian Ministry of Foreign Affairs issued a statement saying that it summoned the Iranian Chargé dAffaires in Amman to deliver a protest note regarding Irans continued attacks on Jordanian territory and the inflammatory and provocative statements made by Iranian official institutions concerning Jordan. A spokesperson for the Jordanian Ministry of Foreign Affairs stated that the Ministry demanded that the Iranian Chargé dAffaires convey a clear message to the Iranian government: an immediate cessation of attacks against Jordan, and an end to unacceptable inflammatory rhetoric.Israel Defense Forces: The Israeli Air Force recently intercepted a drone in the border region between Israel and Syria. The origin of the drone is still under investigation. No air defense sirens were activated.Market news: Aircraft leasing company AerCap is in talks with Boeing (BA.N) to purchase Boeing 787 Dreamliners during the Farnborough Airshow in the UK.

S&P500 Forecast: Is 4300 the Next Stop on the Market’s Upward Climb ?

Jimmy Khan

Feb 16, 2023 15:48

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Wednesday's trading was upbeat, as the market value for cryptocurrencies reached $1 trillion once again. Investor concerns were reduced by Capitol Hill talk and new SEC regulations.


The top 10 cryptocurrencies had a positive day on Wednesday. Strong support was seen for ADA, BNB, and ETH. For the first time since August 2023, BTC took the lead, closing the day at $24,000.


US retail sales numbers that were hotter than anticipated failed to frighten investors. Because January retail sales increased by 3.0%, the cryptocurrency market momentarily fell. Economic experts anticipate a 1.8% rise. Before the noticeable uptick in spending in January, retail sales had declined for two straight months.

Congressmen on Capitol Hill brought a crypto rally

The optimistic midweek session was bolstered by less regulatory risk. After the SEC's actions against Kraken and Binance USD (BUSD), the SEC adopted a new strategy.


On Wednesday, the SEC put up changes to its custody regulations that would include cryptocurrency. The modifications would affect custody regulations as well as accounting requirements, reporting requirements, and investment advisor registration.


SEC Gary Gensler said, "I support this plan because it will assist to guarantee that advisors don't illegally utilize, lose, or misuse clients' funds by using significant tools Congress provided us following the financial crisis."


"Congress specifically granted us power to broaden the advisors' custody rule to apply to all assets, not just funds or securities," Gensler said.


Attention was also drawn to activity on Capitol Hill, as legislators reintroduced a plan to make it easier to invest in cryptocurrencies in retirement accounts. The "Financial Freedoms Act" is about to be reintroduced, according to a tweet from former House speaker Nancy Pelosi.


"It intends to ban the Department of Labor from prohibiting people from investing their 401(k)s in cryptocurrency," the author said. It should be everyone's right to invest their retirement funds anyway they see appropriate.


The revelation on Wednesday came after lawmakers scrutinized the SEC on Tuesday, which could have compelled the SEC to adopt a more cautious stance toward the digital asset market.


The fact that not all US legislators are against cryptocurrency proved advantageous to investors.


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