BAE Systems raises guidance after surge in sales in first half
BAE Systems raised its 2024 guidance after posting a surge in sales amid high defense spending across all its key markets.
AI-powered financial advisor has $20 billion in assets
AI-generated responses are becoming more common, whether travelers know or not. Westend61 | Getty Images An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The service has added more than 22,000 users since its launch […]
South Korea’s exports grow for 10th straight month
South Korea’s exports grew for a 10th straight month in July on brisk demand for semiconductors and other goods overseas, notching the fastest pace of growth in six months.
Taco Bell to roll out AI drive-thru ordering in hundreds of locations
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina. Jeff Greenberg | Universal Images Group | Getty Images Yum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. The restaurant company announced on Wednesday that it is […]
Carvana (CVNA) earnings Q2 2024
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty Images Shares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street’s expectations for the second quarter and disclosed […]
What an August election-year rally for stocks could mean for Wall Street’s ‘Great Rotation’
If history is any guide, the so-called Magnificent Seven could stage a comeback as the calendar turns to August — but beware the market is in the midst of an exceptional rotation, so relying on seasonality alone as a timing tool could easily lead one astray, market strategists said.
UAW union endorses Vice President Kamala Harris over Trump
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024. Andrew Harnik | Getty Images The United Auto Workers on Wednesday endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement […]
AutoNation’s earnings fall short after dealership disruption caused by CDK Global cyberattack
Outage shaved $1.55 off per-share earnings, or $5 more than AutoNation had guided for.
Boeing taps Kelly Ortberg as new CEO to replace Dave Calhoun
Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. 8. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace, leading major […]
This strategist is predicting a big rally after the Fed decision. He’s been more right than wrong this year.
Thomas Lee, the usually optimistic co-founder and head of research at Fundstrat Global Advisor, is expecting a small-cap-led rally.
