Business
U.S. defense, energy add to Detroit automakers rivalry
The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture.
GM Defense
DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities.
But their latest battlegrounds have moved to actual battlefields and the U.S. energy grid.
Ford joined GM this year in seeking U.S. military contracts after the Trump administration approached U.S. companies about assisting the military with their expertise in mass manufacturing. The automakers’ efforts so far are largely focused on military vehicles, but could grow with time.
Simultaneously, both companies are entering the energy storage system, or ESS, market amid an expected growing need related to rising consumer energy costs and data centers. Energy storage systems use a lot of the same underlying technology as electric vehicle batteries to store power for homes, businesses and even utilities.
Both markets are viewed by Wall Street analysts as new potential growth areas for the automakers. At one point, it was thought new opportunities might come from all-electric vehicles, but Ford and GM have since lost billions of dollars on those efforts.
“They’re looking for new verticals,” Morningstar senior equity analyst David Whiston told CNBC. “Ford’s following GM’s lead into defense, and energy makes a lot of sense because you have all this EV capacity that now you don’t need. So instead of selling those factories, it’s a way to try and capitalize on the data center boom.”
The two markets are expected to be small portions of the companies’ focus and revenue for the foreseeable future, but they could help the automakers diversify their operations and complement their core businesses as new vehicle sales slow in the U.S.
“It’ll be hard to move the needle here massively, given the auto business’s top line, but it certainly can be helpful,” Whiston said.
Energy storage
The global ESS market is estimated to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, according to research and consulting firm Global Market Insights. As part of that, the firm expects to see a significant expansion in the U.S.
“We’re seeing this huge projection of growth, and it’s already started growing,” Devon Wilson, vice president of sales and marketing at LG Energy Solution’s U.S. energy storage division, said during a recent event. “There’s a massive amount of just fundamental electricity need within the country.”
GM and Ford are attempting to capitalize on such expected growth to fill a void. The companies invested billions of dollars in plants to produce battery cells to meet EV demand that didn’t materialize.
GM’s energy business does not currently offer its own ESS, but its military division does and its Ultium Cells joint venture in Tennessee produces cells for its partner LG Energy Solution for storage.
Long-term, GM could move further into ESS, including developing next-generation sodium-ion batteries with Denver-based startup Peak Energy. Kurt Kelty, GM’s vice president of battery and sustainability, said he believes that technology can reshape grid-scale energy storage.

“We’re developing the cells right now. The performance on these cells is tremendous,” Kelty said. “The ESS market is a very attractive market. It’s a big market. It’s growing very quickly, and it’s something that we can contribute to.”
GM also has a partnership with Redwood Materials for reusing its large EV batteries for energy storage systems. GM also offers EV charging and ESS for residential use through its energy unit.
Meanwhile, Ford said in December that it plans to spend $2 billion to launch an energy business, including converting a Kentucky battery factory it had recently built with partner SK On to make units for energy storage by late 2027. It also plans to devote some factory space to make cells for residential storage at a factory in Marshall, Michigan.
“Investors see value in Ford’s ESS business,” Morgan Stanley analyst Andrew Percoco said in an investor note in June. He’s also called it an “underappreciated driver” of a path to profitability for Ford’s Model e electric vehicle business.
Ford Energy is part of the company’s Model e electric vehicle segment, which has guided for $4 billion in losses in 2026 before reaching breakeven by 2029. A key turning point is expected to be the company’s ESS business coming online in 2027.
The Ford BlueOval Battery Park under construction in Marshall, Michigan. The plant will produce lithium-ion phosphate batteries for electric vehicles and smaller batteries for household use.
Jim West | UCG | Universal Images Group | Getty Images
Ford CEO Jim Farley told investors on the automaker’s second-quarter earnings call in July that it’s in the “third inning” of selling out the 20 gigawatt hours of production capacity for ESS after announcing a five-year framework agreement with renewable-energy service provider EDF Power Solutions North America.
Defense industry
GM is years ahead of Ford when it comes to the U.S. defense industry. GM resurrected its defense unit in 2017 after a 14-year hiatus.
It has worked with the U.S. military on many projects, but the automaker was recently awarded a contract by the U.S. Army to build infantry squad vehicles, or ISVs, that it said could exceed $1 billion, depending on congressional appropriations.
While the contract amount is small compared with the company’s $48 billion in revenue during the second quarter, the opportunities for the automotive industry in U.S. military operations are expected to grow.
“Leveraging the capabilities, the scalability and the manufacturing abilities that come with all of the automotive companies and their tiered supplier is a huge benefit,” Alfred Grein, executive director for research and technology integration for the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center, told CNBC.
GM said it expects its 2026 defense revenue to grow to almost $700 million and is targeting positive results on an earnings before interest and tax basis this year, while also building a backlog of future business.
“We are also working with Lockheed Martin and other leading companies to expand speed, scale and resilience in the defense industrial base,” GM CEO Mary Barra told investors in July. “Over time, all of this should make GM Defense a more meaningful and diversified contributor to our earnings.”
GM Defense’s next-generation prototype tactical vehicle.
Courtesy image
Grein, who manages the technology of manned and unmanned ground systems throughout the U.S. Army, said the Trump administration has made it easier for new companies, including automakers, to be granted such contracts. He also said domestic manufacturing in the U.S. is critical.
“Obviously, the concern about foreign entities’ involvement in particularly Department of Defense product becomes more and more crucial,” Grein said.
GM and Ford were included in a group of companies that were awarded prototype contracts to produce heavy infantry squad vehicles, which are bulkier versions of what the companies have worked on previously.
Ford has not released many details about its U.S. defense efforts. The automaker on Wednesday, though, announced a tie-up with General Dynamics Land Systems and engineering firm Ricardo to compete for a next-generation vehicle for the United Kingdom’s Ministry of Defence’s Light Mobility Vehicle program.
The defense efforts of GM and Ford are the latest in a long line of such initiatives, including, most notably, the “Arsenal of Democracy” during World War II in which the companies worked with the U.S. and the Allied nations to provide military supplies to fight Nazi Germany.
“We already dominate in that market in the commercial world. We want to offer the U.S. government the same advantages that our commercial customers get,” Farley told investors in July. “It’s a great opportunity for us. … We are discussing, continue to discuss, additional defense-related projects with the U.S. government.”
Business
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Checkers & Rally’s CEO says demand for fast-food value is growing
Checkers & Rally’s CEO Chris Tebben says consumers squeezed by higher everyday costs are making affordability a bigger factor in where they eat.
Checkers & Rally’s is leaning into value as Americans remain squeezed by higher everyday expenses, with the fast-food chain’s CEO saying consumers’ demand for affordability has intensified over the past couple of years.
The chain is offering a $4 Unbeatable Meal Deal, priced at $5 in select markets, as restaurants compete for increasingly price-conscious customers. Checkers & Rally’s CEO Chris Tebben said the company has seen firsthand how strongly consumers respond when prices come down.
Checkers & Rally’s first launched a $4 version of the meal deal around May 2025, and Tebben said the company saw an improvement in transaction trends after its introduction.
“I think it was around the May timeframe in ’25 and certainly saw the consumer respond, and the trend in our transaction was much improved,” Tebben told FOX Business.
BURGER KING REVAMPS MENU ITEM AFTER CUSTOMERS SOUGHT ‘TOTAL OVERHAUL’

A Checkers restaurant in Baytown, Texas, during the chain’s grand opening event ahead of Super Bowl LVIII on Feb. 10, 2024. (Nicholas Hunt/Getty Images)
The response comes as consumers continue to grapple with higher costs for everyday necessities, putting pressure on restaurants to convince customers that eating out is worth the expense.
“I think we’ve seen over the last couple of years the need for value continues to intensify and, let’s face it, consumers are continuing to feel the pressures of a lot of everyday necessities and I think that’s why affordability plays such an important role when they choose to spend some of that money for an away from home occasion,” Tebben said.
Restaurant prices have continued to rise, adding to the cost pressures facing consumers. Prices for food away from home have climbed over the past year, including at limited-service restaurants such as fast-food chains.
The pressure on consumers presents a difficult equation for restaurant operators, which have faced their own rising expenses while trying to keep menu prices attractive.
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A customer looks over the menu at a Checkers walk-up ordering window on Biscayne Boulevard in Miami, Florida. (Jeffrey Greenberg/Universal Images Group via Getty Images)
“Certainly what we’re trying to do with value. Value has always been at the heart of our brand. And so it’s certainly more difficult in today’s economic environment in terms of inflation and food costs to make that equation work,” Tebben said.
Tebben said Checkers & Rally’s has worked to improve its core food costs, giving the company more room to invest in value offerings while still making the economics work for the company and its franchisees.
“We’re certainly trying to drive more than our fair share of consumer occasions with the value offering. And then we’re always mindful of that balance to have to make sure that it works economically for both us and the terrific group of franchisees that we have,” he said.
The balancing act is playing out across the restaurant industry as major chains compete for consumers looking for more food for less money.
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McDonald’s has leaned into its McValue platform and meal deals, while Wendy’s has promoted its own lineup of Biggie Deals as restaurant chains try to appeal to customers watching their budgets.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MCD | MCDONALD’S CORP. | 255.69 | -3.94 | -1.52% |
| WEN | THE WENDY’S CO. | 8.03 | +0.15 | +1.90% |
For Checkers & Rally’s, however, the strategy does not necessarily mean putting a deeply discounted meal on the permanent menu.
Tebben said the company instead sees an opportunity to bring versions of the promotion back at different points depending on consumer demand and broader economic conditions.
“I’m not looking to necessarily have the meal deal be part of our core menu, but I certainly think we’re building equity and consumers have responded to it. I would expect that you’ll see some version of this that will pulse in at different times for us as the macro environment demands,” Tebben said.
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This year, Checkers & Rally’s brought the promotion back later than it did in 2025. Tebben said periodically offering the deal can help generate excitement while allowing the company to respond to changes in consumers’ routines and finances.
The latest promotion also coincides with the back-to-school and Labor Day period.
The $4 meal gives customers a choice of a Loaded Tender Wrap, Spicy Chicken Sandwich or Classic Burger, along with Value Fries, eight Chicken Bites and a 16-ounce drink. The promotion costs $5 in select markets.
Tebben said Checkers & Rally’s has focused on offering customers a complete meal rather than simply competing on the price of an individual menu item.

Checkers & Rally’s $4 Unbeatable Meal Deal includes a choice of a Classic Burger, Spicy Chicken Sandwich or Loaded Tender Wrap, plus Value Fries, eight Chicken Bites and a 16-ounce drink. (Checkers and Rally’s)
But the CEO said the definition of value extends beyond price. Checkers & Rally’s is also working to improve food quality, speed and customer service as part of a broader effort to turn around the brands.
“I think we’ve made a lot of improvements there. We still have a lot of work left to do to fully turn the brands around, but it can’t just be, you know, value and affordability. And then the guest comes in and doesn’t get a delightful experience. So it has to be the magic of the end. That’s what we’re really focused on,” Tebben said.
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For Tebben, affordability remains a central part of that strategy as consumers decide where — and whether — to spend money on eating out.
“When it comes to the price component of your value offering, the way I like to think about it is that I never want affordability to ever be a barrier for someone choosing us,” he said. “But I think that’s the critical piece is, if someone goes somewhere else because they don’t think that we’re affordable, then I’ve done something wrong in my job. We’ve done wrong as a brand.”
Business
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Innodata: Expensive Today But The Growth Story Is Getting Stronger (Rating Upgrade) (INOD)
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Everspin Technologies: The Teledyne Deal Is Validation, Not Revenue (NASDAQ:MRAM)
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
(VIDEO) Golden Eagle Attacks Police Officer At World Nomad Games In Kyrgyzstan, Tears Off Vest In Incident
KYRCHIN GORGE, Kyrgyzstan — A trained hunting golden eagle attacked a police officer during this year’s World Nomad Games in Kyrgyzstan, tearing off the officer’s reflective vest in a startling incident that unfolded as the bird apparently mistook the man for prey.
The attack occurred Thursday in the Kyrchin Gorge, one of the primary competition venues for the biennial international sporting event, according to Kyrgyz news outlet Open.kg. The officer had been stationed at the site to help maintain public order during the ongoing games when the golden eagle suddenly swooped down and struck him.
According to the report, the bird tore off the officer’s reflective safety vest during the attack. Witnesses described the eagle unexpectedly diving toward the man, who attempted to defend himself as the bird continued its assault. The situation was quickly brought under control after a falconer, one of the event’s trained eagle handlers, rushed to the scene and intervened to stop the bird.
The officer did not sustain serious injuries or damage as a result of the encounter, according to the report.
The incident occurred amid the World Nomad Games’ Salbuurun discipline, a traditional Central Asian hunting competition that combines events involving trained birds of prey, including golden eagles and falcons, alongside specially bred hunting dogs known as taigans. The practice of eagle hunting on command, in which trained birds respond to a handler’s calls and pursue designated targets, traces its origins back to the Mongol conquests of the 12th and 13th centuries and remains a significant cultural tradition across parts of Central Asia today.
Within the Salbuurun competition, golden eagles are typically tested on their ability to respond to their handler’s calls from a distance and to successfully catch a model fox or hare being pulled behind a horseman, with judges evaluating both the speed and accuracy of the bird’s hunting instincts during the exercise. It remains unclear from available reporting whether the eagle involved in Thursday’s attack on the police officer was actively participating in a competition event at the time, or whether the bird had simply become disoriented or overstimulated by the surrounding activity and mistook the officer, dressed in his reflective safety vest, for a legitimate hunting target.
The 2026 edition of the World Nomad Games is being held in Kyrgyzstan from Aug. 31 through Sept. 6, with competitions taking place across venues in the Kyrchin Gorge and along the shores of Lake Issyk-Kul, roughly 300 kilometers from the capital, Bishkek. This year’s event marks a return of the games to their birthplace in Kyrgyzstan, where the competition first launched in 2014 as a platform to showcase traditional sports and cultural practices from Central Asia’s nomadic peoples.
What began in 2014 as a relatively modest competition featuring 20 countries and 10 traditional sporting disciplines has grown substantially over the past decade, now drawing athletes from approximately 100 countries competing across 43 distinct events, according to reporting from ABC News Australia. The games feature a wide range of traditional nomadic sports, including kok-boru, a horseback team competition sometimes described as a Central Asian equivalent to rugby played with a goat carcass rather than a ball, alongside horseback wrestling, traditional archery, and various forms of belt wrestling native to different Turkic cultures across the region.
Ahmed Kharat, captain of the Australian team competing in archery events at this year’s games, offered a comparison intended to help international audiences understand the cultural significance of some of the competition’s more unfamiliar sports.
“It’s like AFL and the NRL here in Australia, but on horseback,” Kharat said, referring to kok-boru specifically.
This year’s games have adopted the snow leopard as their official emblem, a symbol the International Secretariat of the World Nomad Games has described as representing strength, clarity and endurance, qualities organizers say reflect both the rugged terrain surrounding the competition venues and the broader spirit of the event itself. The snow leopard has increasingly served as a national symbol for Kyrgyzstan in recent years and has played a central role in the country’s broader conservation diplomacy efforts, including its involvement in establishing Oct. 23 as International Snow Leopard Day.
Eagle hunting competitions have remained one of the more visually striking and internationally recognized elements of the World Nomad Games since the event’s inception, drawing significant media attention given the relative rarity of the practice outside Central Asia. Traditional eagle hunters, known locally as berkutchi, train golden eagles over extended periods to respond precisely to vocal and physical commands from their handlers, a skill passed down through generations in parts of Kyrgyzstan, Kazakhstan and neighboring countries.
Despite Thursday’s unusual attack on the police officer, there was no indication in available reporting that the incident had disrupted the broader schedule of Salbuurun competitions or other events taking place as part of this year’s games. The World Nomad Games have continued operating with the same competitive schedule and venue arrangements that have characterized the event since its founding, with organizers not indicating any changes to safety protocols surrounding the eagle hunting competitions specifically in the immediate aftermath of the incident.
The World Nomad Games are scheduled to conclude Sunday, marking the close of this year’s edition of the biennial event before the competition is expected to move to a new host location for its subsequent installment, consistent with the rotating hosting pattern the games have followed since expanding beyond Kyrgyzstan for the first time in 2022, when the fourth edition of the competition was held in Iznik, Turkey.
Business
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Premier League Kickoff Time, TV Channel Today
MANCHESTER, England — Manchester City hosts newly promoted Coventry City Saturday at the Etihad Stadium in a Matchweek 3 Premier League fixture, with Enzo Maresca’s side aiming to make it three straight wins to start the 2026-27 campaign against a Coventry team still searching for its first points of the season.
Kickoff is set for 3 p.m. local time in the United Kingdom, which translates to 10 a.m. ET, 7 a.m. PT and 8 p.m. India Standard Time.
Due to the Premier League’s longstanding 3 p.m. Saturday blackout rule, the match will not be broadcast live within the United Kingdom. Fans in the U.S. can watch the match live on USA Network, with streaming also available through Fubo TV, Peacock, Sling and Telemundo Deportes, as well as through Prime Video USA. In Canada, the match will be available through DAZN, Fubo TV and Fubo Sports Network.
For fans in other markets, broadcast options vary by country. Coverage is available in Argentina through ESPN Argentina and Disney+ Premium Argentina, while several Caribbean territories, including St. Vincent and the Grenadines and the U.S. Virgin Islands, can access the match through Disney+ Premium Caribbean.
Manchester City enters Saturday’s match sitting atop the Premier League table after winning both of its opening matches under new manager Enzo Maresca, who has maintained a perfect record since taking over at the Etihad. City opened the season with a hard-fought 2-1 comeback win over Bournemouth on Aug. 23, coming from behind late in the match, before following that result with a commanding 4-1 victory over Crystal Palace on Aug. 28.
City’s roster underwent significant change during the summer transfer window. The club brought in Enzo Fernandez, Allan Elias, Ayyoub Bouaddi and Iliman Ndiaye, while several established names departed, including Jack Grealish, Omar Marmoush, Nico Gonzalez and Savio. Fernandez, in particular, has been closely watched given his prior connection to Maresca, and is expected to continue playing a significant role in City’s midfield as the manager looks to build his system around the Argentine international.
Coventry City, promoted to the Premier League this season under manager Frank Lampard, has endured a considerably more difficult start to its return to the top flight of English football. The Sky Blues opened the season with an expected 3-0 defeat to Arsenal before suffering a more troubling 1-0 home loss to fellow newly promoted side Hull City on Aug. 29, leaving Coventry without a point through two matches and sitting 17th in the current standings.
Coventry will be looking for standout individual performances from key players including Sidiki Cherif, Taiwo Awoniyi and goalkeeper Carl Rushworth as the club searches for its first points of the campaign, though the team will be without on-loan Manchester City player Stephen Mfuni for Saturday’s match, given standard loan-agreement restrictions preventing him from featuring against his parent club.
According to Manchester City’s official team announcement, the starting lineup for Saturday’s match features Gianluigi Donnarumma in goal, with a back line of Khusanov, Marc Guehi, captain Ruben Dias and Josko Gvardiol. The midfield includes Tijjani Anderson and Nico O’Reilly, with Rayan Cherki, Antoine Semenyo and Iliman Ndiaye supporting striker Erling Haaland in attack. City’s bench includes options such as Kevin De Bruyne’s former understudy Kalvin Phillips, along with Mateo Kovacic, Julian Alvarez replacement options, and versatile squad depth reflecting the club’s summer roster overhaul.
Betting markets and analysts have overwhelmingly favored Manchester City heading into Saturday’s fixture, given both the significant quality gap between the two squads and Coventry’s difficult start to life back in the Premier League. One projection from NBC Sports forecast a lopsided 4-0 scoreline in City’s favor, characterizing Saturday as an unlikely day for any kind of upset given City’s early-season form and Coventry’s struggles adjusting to the pace and quality of top-flight competition.
Manchester City’s attacking depth has been a significant factor in its strong start to the season, with Erling Haaland continuing to anchor the club’s frontline alongside a reshaped supporting cast following the summer’s substantial roster turnover. Maresca, who joined City after previous managerial success elsewhere, has been credited with quickly establishing a cohesive system despite the scale of personnel changes across the squad heading into the new campaign.
For Coventry, Saturday’s trip to the Etihad represents a significant early test as Lampard’s side looks to find its footing at the Premier League level following promotion. The club’s home loss to fellow newly promoted side Hull City in its most recent match has raised early concerns about the team’s ability to compete consistently against Premier League opposition, making a positive result away to the league’s early pace-setters an especially difficult proposition heading into Saturday’s fixture.
Saturday’s match is part of a broader slate of Matchweek 3 Premier League fixtures taking place across the day, with several other notable matchups occurring at various kickoff times throughout the afternoon and evening as the early-season table continues to take shape across the league.
With Manchester City looking to extend its perfect start under Maresca and Coventry searching for its first points of the season, Saturday’s matchup at the Etihad Stadium offers an early measuring stick for both clubs as the 2026-27 Premier League campaign continues to develop. Fans looking to follow the action have a range of broadcast and streaming options available across the United States, Canada and other international markets, even as the match remains unavailable for direct broadcast within the United Kingdom under the league’s traditional Saturday afternoon blackout restrictions.
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