Investments and Business

WASHINGTON D.C. — The United Auto Workers (UAW) officially endorsed Vice President Kamala Harris in the upcoming presidential race on Wednesday, opposing Republican nominee and former President Donald Trump. The endorsement by the UAW, led by President Shawn Fain, is in line with the union’s historic support for Democratic candidates, including now-President Joe Biden. Fain has been a vocal critic of Trump, and that stance has been reinforced with the recent endorsement. “Our mission in this election is to defeat Donald Trump and support Kamala Harris, who has a proven track record of standing up for the working class,” Fain…

The world of sports has seen many extraordinary father-son pairs, each leaving an indelible mark on their respective fields. From basketball to football, baseball to racing, these pairs have not only displayed individual brilliance, but also a shared legacy of excellence. Let's explore some of the most iconic father-son pairs in sports history. LeBron and Bronny James LeBron James has cemented his status as an NBA legend, recently becoming the league's all-time leading scorer. With 20 All-Star selections, four MVP awards and four Finals MVP titles, his career spans 21 seasons, including six with the Lakers. His son, Bronny, was…

FARNBOROUGH, England — This year’s biggest air show saw a notable absence of the huge plane orders typical of previous events. Instead, the spotlight was on Boeing and Airbus as they navigated the complexities of ramping up production after pandemic-related disruptions. Analysts believe that problems such as training new workers will persist for years, causing ongoing difficulties for airlines, suppliers and manufacturers and leading to a shortage of new, more fuel-efficient aircraft. “It’s a legitimate concern on the part of the supply base and the airlines that we haven’t met our commitments in terms of on-time delivery and predictability,” Ihssane…

A key inflation gauge for the Federal Reserve showed a modest increase in June from a year earlier, potentially setting the stage for an expected interest rate cut in September. The personal consumption expenditures (PCE) price index, a key measure of inflation, rose 0.1% in June and is up 2.5% year over year, matching Dow Jones estimates, the Commerce Department reported Friday. That follows a 2.6% year-over-year increase in May, with the monthly measure unchanged. The Federal Reserve relies heavily on the PCE index to measure inflation, which remains above the central bank's long-term target of 2%. Core inflation, which…

Shares of Diageo, the renowned spirits maker behind Johnnie Walker, fell more than 10% on Tuesday after it reported its first annual sales decline since the pandemic began. By the end of the trading day, the shares had recovered some losses but still closed down 5.08%. The London-based company reported a 0.6% decline in organic net sales for the fiscal year ended June 30, attributed primarily to underperformance in Latin America and the Caribbean markets. Reported net sales fell 1.4%. Despite the overall downturn, Guinness emerged as a bright spot for Diageo. The iconic Irish stout, which has seen a…

PARIS — In a modest gym north of Paris, U.S. team coach Cheryl Reeve pondered what gave her team the upper hand at the Olympics. “Depth,” she mused. “No, size. 1A, 1B.” Reeve’s assessment isn’t far off the mark. With three players over 6 feet 4 inches tall and several guards around 6 feet 1 inch, Team USA boasts a significant height and length advantage over most opponents. Their depth is equally formidable; while other nations might field competitive starting lineups, few can match the talent of the U.S.’s reserves. It’s a scenario where bench players like the WNBA All-Stars…

At midday, several stocks posted significant price movements, capturing the attention of investors and analysts. Leading the pack were Walt Disney, Dexcom, McDonald's, and On Semiconductor, each influenced by a variety of factors ranging from earnings reports to strategic announcements. Walt Disney Walt Disney shares rose as the entertainment giant reported stronger-than-expected quarterly earnings, boosted by strong performances at its streaming services and theme parks. The company's strategic focus on content creation and digital expansion appears to be paying off, with subscriber growth beating market forecasts. Dexcom Dexcom saw its stock soar after unveiling a new line of innovative glucose…

Donald Trump, speaking at the 2024 Bitcoin Conference in Nashville, Tennessee, did not commit to establishing a strategic reserve of bitcoin for the United States. Instead, the former president and current Republican candidate promised to maintain the current level of bitcoin, which the government acquired through asset seizures from financial criminals. “For too long, our government has violated the fundamental rule that every bitcoiner knows by heart: never sell your bitcoin,” Trump said in his keynote address. He pledged that if elected, his administration would retain all bitcoin currently held or obtained in the future by the United States. Trump’s…

The Paris Olympics are approaching, and the U.S. men's basketball team got off to a flying start, defeating Serbia 110-84 in their opening game. The odds are heavily in favor of Team USA winning the gold medal, with the Americans as the favorites. Additionally, there are betting options on who will be the team's top scorer. You can also bet on which players will have the most rebounds and assists for the USA team during their Olympic campaign. Let's take a look at the betting odds at DraftKings Sportsbook. Most assists for Team USA: LeBron James: -550 (bet $10 to…

After the close, several stocks experienced significant movements, catching the attention of investors and market analysts. Among the most notable were Chesapeake Energy, F5, and Lattice Semiconductor, among others. Here, we delve into the details of these post-market swings and what they could mean for the future. Chesapeake Energy Chesapeake Energy saw a substantial increase in its stock price after hours. The surge can be attributed to the company's recent announcement of better-than-expected quarterly earnings. Chesapeake's strong performance in its natural gas and oil segments has reassured investors about its long-term growth potential. Analysts have revised their price targets upward,…