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McDonald's — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . Bristol-Myers Squibb — The pharma stock shed 1.5% following a downgrade to underweight from equal weight at Barclays. This call comes after Bristol-Myers Squibb issued better-than-expected earnings and raised its full-year guidance on Friday. Tesla — The electric vehicle maker advanced 1.5% after bring crowned the top pick U.S. auto stock by Morgan Stanley analyst Adam Jonas. The Marvel movie raked in more than $200 million during its opening weekend, making it the strongest debut on record for an R-rated film.
Persons: McDonald's, Olin, Myers Squibb, Myers, Tesla, Morgan Stanley, Adam Jonas, Stellantis, Microstrategy, , Samantha Subin, Sarah Min, Michelle Fox, Fred Imbert Organizations: JPMorgan, Technologies, Guggenheim, Myers, pharma, Barclays, Myers Squibb, Bristol, Ford, Deutsche Bank, Chrysler, Dodge, Disney, Marvel Locations: Bristol, Monday's premarket
Bandit is an apparel brand that's tapping into running communities around the worldBandit was cofounded by Tim West, Ardith Singh, and Nick West. Investors include Marc Lore and Alex Rodriguez's VCP Ventures, Bullish, Drive by DraftKings, Joyance Partners, Scrum Ventures, and 458 Capital. Bandit is helping drive this trend and is poised to benefit from it. Founded in 2021 by CEO Nick West, creative director Tim West, and chief design officer Ardith Singh, the company has been tapping into running communities in the US and around the world. It's grown distribution to include two stores in New York, an online shop, and partnerships with specialty retailers globally.
Persons: Tim West, Ardith Singh, Nick West, Joseph Hale, Marc Lore, Alex Rodriguez's VCP, Meredith McPherron, McPherron, Michael Proman Organizations: Investors, Alex Rodriguez's VCP Ventures, Joyance Partners, Scrum Ventures Locations: New York
Read previewOn Friday evening, Elon Musk reposted a deepfake video of Vice President Kamala Harris on X — a move that may violate his own platform's policy on synthetic and manipulated media, The New York Times reported. In the video, the edited voice-over says, "I was selected because I am the ultimate diversity hire. And that may just run afoul of X's policy on synthetic and manipulated media, which states: "You may not share synthetic, manipulated, or out-of-context media that may deceive or confuse people and lead to harm ("misleading media")." This is a violation of @X’s policies on synthetic media & misleading identities. A video on social media appeared to show the president hitting out at his critics and cursing them.
Persons: , Elon Musk, Kamala Harris, X, Harris, Biden, Musk, ake, abel, allen, linton Organizations: Service, New York Times, Democratic Party, Business Locations: ust
Later, the U.S. men’s basketball team, led by LeBron James, plays Serbia and Nikola Jokić in a matchup of top NBA talent. (Russia — the defending champion in both the men’s and women’s team all-around — is banned from participating in team sports at the Paris Olympics.) The women’s team final is set for 12:15 p.m. One more thing: Durant — a three-time Olympic gold medalist — might finally play after a calf injury sidelined him through the team’s summer exhibitions. The U.S. women’s team wraps up group play with Australia on Wednesday.
Persons: Simone Biles, LeBron James, Nikola Jokić, Biles, Peacock, Sunisa Lee, Jade Carey, Jordan Chiles, Hezly Rivera, you’ve, James, Stephen Curry, Kevin Durant, Jokić, Bogdan Bogdanović, Durant —, , Trinity Rodman, Valery Hache, Hayes, Michael Phelps ’, Léon Marchand, Michael Phelps, ” Marchand, Phelps ’, Frenchman, — Gretchen Walsh, Qin Haiyang, Adam Peaty, United States ’ Nic Fink, Gretchen Walsh, Caroline Marks, Carissa Moore, John John Florence, hird, aris G ames, adal, aris O lympics Organizations: NBA, NBC, Tokyo, Paris Games, Paris, Olympics, Olympic, U.S ., Bercy Arena, Atlanta Hawks, Serbia, South Sudan, Trinity, Getty, Telemundo, Peacock, U.S, United, Tokyo Games, Australia, Paris La Défense, aris, aris O, aker Locations: France, U.S, Serbia, Germany, Tahiti, Paris, United States, Russia, , China, Italy, AFP, Zambia, Australia, Spain, Brazil, Japan, Nigeria, Hawaii, Caroline Marks
LeBron James and Team USA practiced in London before heading to Paris. In order to facilitate this, Team USA held a basketball showcase to get the team up to speed. Team USA were put through their paces while on the London stretch of its showcase. But Team USA’s all-time Olympic Games top scorer Durant namechecks two NBA MVPs as the players to watch outside of Team USA. Team USA could make it five gold medals in a row with a win in this year’s Olympic Games.
Persons: Nikola Jokić, Tip, Jayson Tatum, Derrick White, Joel Embiid, Steph Curry, Anthony Davis, Jrue, Devin Booker, Bam Adebayo, Anthony Edwards, Tyrese Haliburton, Kevin Durant, LeBron James, Tim Clayton, Curry, James, Joe Murphy, , ” James, “ I’m, , King James ”, Gordon Herbert, Nathaniel S, Butler, ” Curry, you’re, it’s, Josh Giddey, they’ve, Victor Wembanyama, Rudy Gobert, Shai Gilgeous, Alexander, USA’s, Durant namechecks, “ Giannis, Nikola, Jokić, ” Durant, Alex Broadway Organizations: CNN, USA Men’s, Olympic, Sunday, Celtics, NBA, Team USA, USA, Basketball, Germany, Lakers, Star, South, Los Angeles Lakers, Olympics, Golden State Warriors, Miami, Olympic Games, yesteryear, Games, USA’s Locations: North London, England, Serbia, Lille, France, Paris, London, Las Vegas, Abu Dhabi, Sudan, Germany, South Sudan, Australian, Canada, Australia
In a fresh broadside against one of the world's most popular technology companies, the Justice Department is accusing TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abortion and religion. The Justice Department warned, in stark terms, of the potential for what it called "covert content manipulation" by the Chinese government, saying the algorithm could be designed to shape content that users receive. In the redacted version of the court documents, the Justice Department said another tool triggered the suppression of content based on the use of certain words. Certain policies of the tool applied to ByteDance users in China, where the company operates a similar app called Douyin that follows Beijing's strict censorship rules. But Justice Department officials said other policies may have been applied to TikTok users outside of China.
Persons: ByteDance, TikTok, Joe Biden, Alex Haurek, Haurek, we've Organizations: Justice, Wall Street, Department, Justice Department, U.S Locations: Washington, Beijing, China, U.S, Texas, Israel, Gaza
He and the relay team will look to defend their gold medal from Tokyo, but could be unseated by challengers Australia or China. GO DEEPER A massive race to start the Olympics: Get ready for the women's 400-meter freestyleWembanyama’s Olympic debutTime: 11:15 a.m. GO DEEPER Men's basketball at the 2024 Paris Olympics: NBA player list, how to watch and moreBeach volleyball at the Eiffel TowerBeach volleyball gets prime placement in Paris, right next to an icon. GO DEEPER Beach volleyball at the 2024 Paris Olympics: U.S. teams, schedule and how to watchMen’s rugby sevens finalTime: 1:45 p.m. ET (7 p.m. local) with the gold medal match starting at 1:45 p.m.
Persons: Victor Wembanyama, it’ll, Peacock, Katie Ledecky, , Australia’s Ariarne, Summer McIntosh, Titmus, Ledecky, Caeleb Dressel, Simone Manuel —, LeBron James, Rudy Gobert, Shai Gilgeous, Alexander, Giannis Antetokounmpo, Michael Reaves, Andy Benesh, Miles Partain, Cuba’s Jorge Luis Alayo Moliner, Noslen Díaz Amaro, Sweden’s David Åhman, Jonatan Hellvig, Carracher, Mark Nicolaidis, Taryn Kloth, Kristen Nuss, Canada’s Heather Bansley, Sophie Bukovec, mpics & Organizations: NBC, Tokyo Games, Australia, Olympic, American, CNBC, Telemundo, Peacock, Basketball, Paris Games, Brazil, NBA, Eiffel, U.S, men’s rugby, Fiji, Ireland, USA Locations: Paris, U.S, Tokyo, China, Great Britain, Italy, Australia, France, It's, Canada, Brazil, Spain, Germany, Japan, Greece, Fiji, United States, South Africa
The Olympics Have Arrived
  + stars: | 2024-07-27 | by ( Melissa Kirsch | ) www.nytimes.com   time to read: +2 min
It has been only three years since the last summer Olympics: the 2020 Tokyo Games, you’ll recall, were held in the summer of 2021. Now the Olympics return with untold opportunities to geek out on sports you haven’t thought about for several years, or ever. Broadcast coverage of the Olympics makes this transformation easy. I’m a total sucker for a hyperemotional documentary featurette on that gymnast whose family sacrificed everything for her Olympic dreams. “One of the strangest things I’ve ever seen an animal do,” Alex had told me, and I concurred.
Persons: Bruce Springsteen …, I’ve, Katie Ledecky’s, she’s, Alex Marshall, Jagerbomb, ” Alex, Tom Jones, Alex wasn’t Organizations: YouTube Locations: Tokyo, Paris
Here’s where Harris stands on key issues
  + stars: | 2024-07-27 | by ( Tami Luhby | Meg Tirrell | Ella Nilsen | ) edition.cnn.com   time to read: +12 min
CNN —A week after announcing her run for president, Kamala Harris has yet to tell voters how she will address the key issues facing the nation. Harris has also touted the Biden administration’s efforts to lower drug costs, reduce child poverty, forgive student loan debt and remove medical debt from credit reports. Hefty student debt loads are also an area of interest to Harris. Experts credit Harris’ ability to secure private-sector investments as her most visible action in the region to date but have cautioned about the long-term durability of those investments. For President Biden and me, our sacred commitment to NATO remains ironclad.
Persons: Kamala Harris, Joe Biden, Harris, she’s, Biden, Donald Trump, , Roe, Wade, She’s, Trump, Immigration Biden, Benjamin Netanyahu, Biden’s, Netanyahu, ” Harris, , ” Harris didn’t, Ukraine Harris, Volodymyr Zelensky, , Vladimir Putin Organizations: CNN, America, , Black, Zeta Phi Beta, Biden, Families, Wall Street, ConocoPhillips, Exxon Mobil, Senate, Green, Immigration, Department of Homeland Security, Partnership for Central America, Israeli, Munich, United States Congress, NATO Locations: Indianapolis, Minnesota, Biden’s, Canada, United Kingdom, France, Japan, Australia, Paris, Central America, Mexico, Israel, Gaza, , Indiana, Ukraine
Customers who want pizzas delivered have different priorities from those who want carryout, he said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Our carryout business is on fire," CEO Russell Weiner told Business Insider in an interview. This story is available exclusively to Business Insider subscribers.
Persons: Uber, Domino's, , Russell Weiner Organizations: Service, Business
Dexcom — The medical device stock plummeted more than 36% after the company posted a second-quarter revenue miss. The company's $579 million revenue was also lower than the consensus estimate of $597 million. Coursera — The online course provider stock surged 26% after Coursera posted second-quarter revenue of $170 million, which exceeded the $164 million analysts had expected, according to LSEG. 3M — The industrials giant added nearly 7% after posting second-quarter adjusted earnings of $1.93 and adjusted revenue of $6.02 billion. Charter's $13.69 billion revenue also exceeded the $13.59 billion analysts had expected.
Persons: George Kurtz, LSEG, Dexcom, Boston Beer, Coursera, Bristol Myers, Morgan Stanley, , Alex Harring, Sarah Min, Jesse Pound Organizations: Semiconductor, Nvidia, Broadcom, Devices, Qualcomm, Micron Technology, Boston Beer, Boston, Mohawk Industries, Mohawk, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Charter Communications
Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla " Tesla AI Infrastructure 'base' is by far the fastest rising part of its asset base." Morgan Stanley downgrades WW International to equal weight from overweight Morgan Stanley downgraded the company formerly known as Weight Watchers due to concerns about free-cash flow. Morgan Stanley initiates CervoMed as overweight Morgan Stanley said it's bullish on shares of the biotech company. " Morgan Stanley downgrades STMicroelectronics to equal weight from overweight Morgan Stanley downgraded the stock following earnings. Morgan Stanley reiterates Meta as overweight Morgan Stanley said buy the dip in shares of Meta.
Persons: Redburn, Lockheed Martin, Raymond James, Apple, it's, Morgan Stanley, Tesla, Piper Sandler, Alexander, Baldwin, Piper, ALEX, TD Cowen, Morgan Stanley downgrades STMicroelectronics, Baird, Meta, Guggenheim, Oppenheimer, Sweetgreen, Stifel, Jefferies, Rosenblatt Organizations: Deutsche Bank, Airlines, Deutsche, Lockheed, Apple, Citi, Amazon, AMC, International, Dianthus Therapeutics, Meta, " Bank of America, underperform Bank of America, Barclays, Microsoft, Aviation, Security, Nvidia, Qualcomm, Pharmaceuticals Locations: NYC, Brunswick
AdvertisementAustralian Ariarne Titmus, 23, is the defending Olympic gold medalist in the event and the favorite entering Saturday’s competition. American Katie Ledecky, 27, took gold in the 400 free in the previous Olympics in Rio de Janeiro. Plus, the field includes 17-year-old Canadian phenom Summer McIntosh, who set the world record in the event in 2023 before Titmus re-set it. With none of the runners-up in view, Ariarne Titmus reaches for gold in the women’s 400-meter freestyle at the 2023 world championships. (Jacob Kupferman / Getty Images)(Top illustration: Dan Goldfarb / The Athletic; photos of Ariarne Titmus, Katie Ledecky and Summer McIntosh: Quinn Rooney, Maddie Meyer and Jacob Kupferman / Getty Images)
Persons: PARIS — It’s, Katie Ledecky, Summer McIntosh, Titmus, , I’ve, ” Ledecky, Erika Fairweather, McIntosh, She’ll, Adam Pretty, Canada’s, she’s, Ledecky, Regan Smith, Kate Douglass, Alex Walsh, ” Brent Arckey, don’t, Caeleb Dressel, ” Titmus, I’m, , Larisa Latynina, Jacob Kupferman, Dan Goldfarb, Ariarne Titmus, Quinn Rooney, Maddie Meyer Organizations: Paris Games, PARIS, Tokyo Games, Summer’s Games, CBC Sports, U.S, Titmus, McIntosh, Olympic Locations: Rio de Janeiro, U.S, Fukuoka, Japan, Sarasota , Fla, Tokyo, Titmus, Australia, Titmus Australia, Chartres, France, London, Soviet Union, Ledecky, McIntosh, Paris
The US President endorsed his current vice president, and many prominent Democrats, including Barack Obama, have followed his lead. Money has been pouring into Harris's campaign, and the vice president has already begun campaigning against former president Donald Trump. With Vance by his side, Trump has been trying to woo Silicon Valley away from Biden. Notably, the vice president hasn't taken a strong stance on cryptocurrency, but some expect her to become more pro-crypto than Biden. Meanwhile, with support from pro-crypto running mate JD Vance, Trump has announced he plans to be the first "crypto president."
Persons: , Kamala Harris, Harris, Joe Biden's, Barack Obama, Donald Trump, Sheryl Sandberg, Trump, JD Vance, David Sacks, Peter Thiel, Vance, Thiel, Elon Musk, Aaron Levie, techies, Sean Parker, Tony West, Kamala, she's, Ron Conway, Chiente Hsu, Biden, She's, Hsu, Reed Hastings, Levie, hasn't, Nigel Green Organizations: Service, Democratic, Business, PAC, Politico, VC, Biden, Facebook, Big Tech, Biden Administration, Democratic Party, deVere Group Locations: Silicon, California, Oakland, Bay, Harris, FTX
Hypersonic missiles are weapons that are capable of achieving sustained speeds in excess of Mach 5 while maneuvering. It is a true hypersonic weapon that operates and maneuvers in a high-altitude hypersonic regime," Paul Sudlow from Lockheed Martin Missiles and Fire Control previously told Sandboxx News. AdvertisementAdding the Mako missile to America's stealth fightersA render of an F-35 equipped with Mako missiles. Designed in a 'digital engineering ecosystem'A render shows the Mako hypersonic missile in flight. Leon Neal/Getty ImagesOne of the biggest challenges facing the laundry list of hypersonic weapons in active development for the US military is cost.
Persons: , Lockheed Martin, Mako, Paul Sudlow, Sudlow, Nano Calvo, Northrop Grumman, Rick Loy, Lockheed Martin's, Lockheed, Lockheed Martin Lockheed Martin, Leon Neal Organizations: Service, Mako, Lockheed, US Air Force, US Navy, Business, Lockheed Martin Missiles, Control, Sandboxx, Air, Sandboxx News, EA, AIM, Air Force, Navy, Marine Corps, Getty, US Air, Northrop, Naval News, Visitors, Defense Department, Congressional Locations: Mako, Lockheed Martin Europe, London
Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.
Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media
Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.
Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk
The economics of the Olympics
  + stars: | 2024-07-26 | by ( Alicia Wallace | Alex | Leeds Matthews | ) edition.cnn.com   time to read: +12 min
“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.
Persons: , Victor Matheson, , “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, , Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, , Lake Placid , New York, Lake Placid, , Los Angeles, Oklahoma
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
Cracker Barrel is considering changes to its old-timey restaurants. The chain is testing new menu items and restaurant remodels, CEO Julie Masino has said. Cracker Barrel has struggled with lower foot traffic and sales over the last few quarters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . CEO Julie Masino, who is in her first year as the chain's top executive, said fewer people visited Cracker Barrel's stores during the quarter.
Persons: Julie Masino, Organizations: Service, Cracker, Business
After obtaining degrees from Yale College and Yale Law School and landing prestigious legal jobs, she only became more anxious. "It was never just going to stop," said Confino, a career coach who helps her clients break their perfectionist streaks and an adjunct law professor at the Fordham University School of Law. "Then 150 hurdles later, you realize, 'Wait a second, maybe that's not going to happen unless I do something different,'" she added. Perfectionism has risen significantly over the past four decades, according to a 2018 American Psychological Association study. Here are two steps she recommends taking to fend off those perfectionist tendencies:
Persons: Jordana Confino, Laurie Santos, Perfectionism, It's, Confino Organizations: Yale College, Yale Law School, Yale, Fordham University School of Law, American Psychological Association
The WNBA's new media rights deal includes a price reevaluation after the 2028 season to account for the league's rising popularity, according to people familiar with the agreement. The WNBA deal has been negotiated within a broader $77 billion NBA agreement with media partners announced earlier this week. Instead, the NBA worked with Endeavor Group's media consulting team, led by Karen Brodkin and Hillary Mandel, to assess the value of WNBA rights, said the people. The media partners aren't forced to pay more based on the conclusion of the reevaluation, but they will be incentivized to do so, the people said. A little more than halfway through its current season, the WNBA has already had 16 nationally televised games break the 1 million viewership mark — a league record.
Persons: Brionna Jones, Los Angeles, Cameron Brink, , Karen Brodkin, Hillary Mandel, Caitlin Clark, Angel Reese, aren't, Cathy Engelbert, Ion, — CNBC's Lillian Rizzo, Jess Golden Organizations: Connecticut Sun, Los, Los Angeles Sparks, Sparks, Sun, Mohegan Sun Arena, WNBA, — Disney, NBA, Endeavor, Amazon, Scripps, CNBC Locations: Connecticut, Uncasville , CT
Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. Honeywell — Shares moved more than 4% lower after the industrial giant's full-year outlook missed analysts' expectations. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations.
Persons: Ford, Molina, FactSet, Edwards Lifesciences, Edwards, CJ Desai, LSEG, RTX, AbbVie, Northrop Grumman, , Alex Harring, Yun Li, Pia Singh, Hakyung Kim, Jesse Pound Organizations: Ford, Viking Therapeutics, U.S . Army . American Airlines, American Airlines, Honeywell —, Southwest Airlines —, Southwest, Citi, Hasbro, Revenue, Machines, Business Machines, Nasdaq
Baird raised its price target on Apple by $40 to $240. BMO also increased its price target on Amazon to $230, implying upside of 27%. Hutchinson also raised her price target $65, a $3 increase that implies the stock can jump 17.3% over the next year from Wednesday's close. In addition to reiterating his outperform rating, Mizuho managing director Gregg Moskowitz upped his price target by $30 to $850. Analyst William Power reiterated his outperform rating on the tech titan and hiked his price target by $40 to $240.
Persons: Baird, Lorraine Hutchinson, Hutchinson, Birkenstock, — Alex Harring, Paul Lejuez, LULU, Lejuez, LULU YTD, GE Vernova, Mark Strouse, Strouse, Mizuho, Gregg Moskowitz, Moskowitz, LSEG, Stifel, Lamb Weston, Matthew Smith, Smith, FactSet, Cowen, William Power, AAPL, Power, Alex Harring, Brian Pitz, Pitz, Fred Imbert Organizations: CNBC, Apple, BMO, GE, Bank of America, New York Stock Exchange, Citi downgrades, Citi, JPMorgan, Mizuho, Nasdaq, Apple Intelligence, Verizon, BMO Capital Markets, Google, Amazon Locations: Wednesday's, Thursday's, Lululemon, Thursday's premarket
In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.
Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, , , viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, , Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, , Pennsylvania, Massachusetts, California
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