Dover delivered better-than-expected second-quarter earnings, with revenue of $2.18 billion and adjusted earnings per share (EPS) of $2.36, exceeding estimates. The company's sales rose 5% year over year on an organic basis. Dover's strong report validates the decision to take a stake in the industrial name.
BusinessDover | Rating: 46 | 2024-07-25 06:19:43 PM |
Jim Cramer's Charitable Trust is making three trades, selling 25 shares of Linde at $445 each, 50 shares of Stanley Black & Decker at $90 each, and buying 25 shares of Eaton at $295 each. The trades will affect the trust's positions in Linde, Stanley Black & Decker, and Eaton, with the weighting of Linde decreasing to 2.28% and Stanley Black & Decker decreasing to 2.233%, while Eaton's weighting will increase to 2.5%.
FinanceEaton | Rating: 53 | 2024-07-25 03:49:40 PM |
Donald Trump, the Republican presidential nominee, stated that Elon Musk never told him he would pledge $45 million a month to support his presidential bid. Trump made this claim during a call-in interview on Fox News, where he also mentioned that Musk did say 'I strongly endorse you'. The conversation took place in Charlotte, North Carolina, on July 24, 2024.
PoliticsTrump | Rating: 45 | 2024-07-25 02:59:36 PM |
Viking Therapeutics' shares jumped 20% after announcing plans to advance its experimental weight loss injection, VK2735, into a late-stage trial earlier than expected. The company is one of several small and large drugmakers competing in the GLP-1 market, which is expected to grow to $150 billion by the end of the decade. Novo Nordisk and Eli Lilly, major players in the market, saw their shares fall over 1%.
HealthViking | Rating: 53 | 2024-07-25 01:59:51 PM |
Berkshire Hathaway, led by Warren Buffett, sold 18.9 million Bank of America shares at an average price of $42.46, raising $802.5 million. This is the sixth consecutive trading day the company has reduced its stake in Bank of America, unloading 52.8 million shares worth $2.3 billion. Berkshire now owns 12.5% of Bank of America, with a market value of $41.3 billion, second only to its $172.5 billion holding in Apple.
FinanceBank of America | Rating: 48 | 2024-07-25 01:29:45 PM |
Geena, a 44-year-old corporate attorney in New York, earns $555,000 a year, while her husband James, a 39-year-old freelance musician, earns $60,000 a year. They invest 14% of Geena's gross income and take luxury trips. Geena hopes for a less significant income disparity in the future.
FinanceNone | Rating: 35 | 2024-07-25 01:19:43 PM |
American Airlines shares dropped 6% after issuing weak profit guidance for the third quarter, estimating a 4.5% drop in unit revenue due to oversupply in the industry. Honeywell shares fell nearly 5% after issuing guidance that missed analyst expectations, despite reporting better-than-anticipated quarterly figures. Southwest Airlines shares fell 5% despite beating expectations in its second-quarter report.
BusinessAmerican | Rating: 53 | 2024-07-25 01:09:30 PM |
The US economy grew at a 2.8% pace in the second quarter, exceeding economists' expectations of 2.1%. The Commerce Department released the initial estimate, which measures real gross domestic product. The growth rate is an annualized pace adjusted for seasonality and inflation.
EconomyNone | Rating: 53 | 2024-07-25 12:39:39 PM |
2024-07-25 12:09:53 PM |
American Airlines forecasted a drop in unit revenue of up to 4.5% for the third quarter due to an industry-wide glut of flights, leading to slashed fares. The airline also predicted full-year adjusted earnings of between 70 cents and $1.30 per share, falling short of Wall Street analysts' expectations. The company has been struggling with an oversupply of flights and a direct-to-consumer sales strategy that backfired.
BusinessAmerican | Rating: 48 | 2024-07-25 11:19:58 AM |