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.
2025 Ford Maverick pickup: New tech, hybrid options
DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle. Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen; an all-wheel-drive hybrid option; and connectivity features such as a 5G modem and wireless Apple CarPlay […]
JetBlue shares jump after surprise profit in second quarter
A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Mike Segar | Reuters JetBlue Airways shares jumped 12% on Tuesday after the airline posted a surprise profit and said it would defer […]
Rio Tinto’s first-half profit rises 14%, thanks in part to higher copper prices
Mining giant Rio Tinto said its first-half profit rose by 14% and underlying earnings were up a smidgen, as increased copper production and prices helped to offset a softer result from its dominant iron-ore business.
Boeing, Airbus orders muted amid supply chain woes
An Airbus A321 flies at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. Toby Melville | Reuters FARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year’s biggest air show. The focus instead was on struggles at Boeing and Airbus to ramp up airplane production while battling […]
Microsoft’s cloud growth disappointed. Now here’s the good news from earnings.
Azure doesn’t have enough capacity to meet all its AI demand, but capacity should improve — along with revenue growth — in the second half of the new fiscal year.
