CNNMoney - Markets Defense stocks at record highs on Trump-Saudi deal 2017-05-22T13:18:18.000000000-04:00 Lockheed Martin, Raytheon and General Dynamics each hit new all-time highs after Saudi Arabia announced $110 billion in defense contracts with the US during President Trump's visit to the kingdom. American oil companies deepen Saudi ties 2017-05-22T13:03:40.000000000-04:00 Despite their battle in global oil markets, Saudi Arabia and America have deepened their energy ties with a slew of deals signed during President Trump's visit. The agreements show the complex relationship between two of the world's largest oil producers. Ford is replacing CEO Mark Fields 2017-05-22T12:56:49.000000000-04:00 Read full story for latest details. Bitcoin prices are soaring under Trump 2017-05-22T10:58:38.000000000-04:00 Remember bitcoin? The digital currency's price has more than doubled this year. Some cite the fact that President Trump has some pro-bitcoin advisers in his administration. But others argue bitcoin is a great play on political turmoil. Cathay cuts 600 jobs 2017-05-22T10:57:45.000000000-04:00 Cathay Pacific lays off about 600 people as competition from China and low-cost rivals hits business. The Church of England has amazing money managers 2017-05-22T10:57:31.000000000-04:00 The Church of England's endowment grew by 17% in 2016. Harvard's fund lost money in its last fiscal year. Japan and others want to bring the TPP back from the dead 2017-05-22T08:11:38.000000000-04:00 Read full story for latest details. Premarket: 5 things to know before the bell 2017-05-22T05:48:56.000000000-04:00 Here's what you need to know about the markets before you start your business day. Saudi-SoftBank tech fund nears $100 billion target 2017-05-21T10:16:55.000000000-04:00 A huge tech investment fund backed by Saudi Arabia and SoftBank has raised $93 billion. Heath care bill gets score; retail earnings; celebrity commencement speeches 2017-05-21T08:25:51.000000000-04:00 Read full story for latest details.