Keysight shares rally on forecast as executives point to ‘stable’ backdrop
Keysight Technologies shares rallied after hours on Tuesday after the tech-services provider offered a fiscal fourth-quarter forecast that came in above Wall Street’s expectations.
Mynaric MYNA stock tanks after slashing revenue guidance, CFO exit
A rendering of the company’s laser communications system on satellites in orbit. Mynaric Space stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company’s chief financial officer. Germany-based Mynaric slashed its 2024 revenue guidance nearly 70% at the midpoint, cutting its previous […]
Kroger offers $10.5 billion in bonds to help pay for Albertsons merger
Supermarket chain Kroger Co. on Tuesday said it was offering $10.5 billion in bonds to help pay for its planned $24.6 billion merger deal with rival Albertsons Cos. Inc.
GMC targets electric truck leadership against Tesla, Ford, Rivian
2024 GMC Sierra EV Denali Edition 1 Courtesy: GM MILFORD, Mich. — General Motors’ premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup. The Sierra EV joins electric versions of the Hummer, including an SUV and pickup, in GMC’s electric “truck” […]
Harris’s economic plan falls short, but Trump has no compelling alternative
Harris and Trump promise us many financial benefits, but we need to know the costs.
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
Eli Lilly’s highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in obese or overweight adults with prediabetes compared with a placebo, according to initial results from a long-term study released Tuesday. The late-stage trial on tirzepatide, the active ingredient in the company’s weight loss injection Zepbound and diabetes […]
Lowe’s (LOW) Q2 2024 earnings
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Tuesday cut its full-year forecast, as the home improvement retailer’s quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken. The […]
Fed’s Jackson Hole meeting: A plan to cut rates gradually is emerging
The Federal Reserve will use its Jackson Hole retreat to outline to markets a gradual easing plan beginning at its mid-September meeting, economists said, ahead of the two days of discussions that will start Friday.
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the […]
Apple stands out by this analysis — but watch Amazon and Nvidia as well
Apple could post free cash flow ahead of net income at a time when tech rivals’ heavy AI spending could prevent them from hitting that mark.
