Columbus, OH

The Associated Press

Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems. Robert “Kelly” Ortberg, a former CEO at aerospace supplier Rockwell Collins, will succeed David Calhoun, 67, as CEO and president...

Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter

Reuters

(Reuters) - Boeing posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the U.S. planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.

Boeing posts bigger loss as defense business struggles to turn around

Boeing has named Robert "Kelly" Ortberg to succeed Dave Calhoun. Ortberg, 64, previously led major aerospace supplier Rockwell Collins and has more than three decades of experience in the industry. Boeing announced in March that Calhoun would step down by year's end, part of a broader company shake-up following a...

Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

Companies are increasingly digitizing their operations and trying to cash in on the AI boom, boosting demand for F5's services and hardware designed to support applications over the internet. A surge in online threats and high-profile breaches has also led to businesses investing more in cybersecurity solutions. The Seattle, Washington-based...

F5 forecasts quarterly results above estimates, shares jump

Nvidia is the market leader in data-center GPUs and AI processors, and its CUDA software affords the company a virtually unassailable competitive moat. Nvidia has historically launched new GPU architectures every two years, but the company will push its product roadmap to a one-year rhythm after 2024. Wall Street expects...

1 Stock-Split AI Stock to Buy Before It Soars 260% to $10 Trillion, According to Certain Wall Street Analysts

Chipotle's second-quarter results showed some of the best numbers restaurant investors have ever seen, initially exciting the market. But management also highlighted a couple of negative trends that have investors treading more cautiously than they did a few months ago. On June 18, restaurant chain Chipotle Mexican Grill (CMG -1.95%)...

After Its 50-for-1 Stock Split Last Month, Here Are the Major Takeaways From Chipotle's Latest Earnings Call

Tinder's parent company, Match Group Inc, plans to cut 6% of its global workforce amid a continued slump in users paying for its most popular dating app. The dating app giant, which also owns Hinge, Plenty of Fish and OKCupid, has revealed an 8% fall in the number of paying Tinder users.

Tinder parent company cuts jobs as subscriber numbers slump

McDonald's executives acknowledged during an earnings call Monday that diners consider the company's prices too high, and said they are taking a "forensic approach" to evaluating prices. Amid a broader consumer pullback and increasing prices, fast-food chains have had a difficult time drawing in lower-income diners. The company's recent $5...

McDonald's executives admit diners think prices are too high, say they're working to create value

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024.

The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York

Citrus growers are losing millions of dollars every year as U.S. orange production plummets amid extreme weather events, incurable citrus greening disease and inflationary pressure. In 2024, orange juice futures hit records and prices may even go higher. The problems plaguing global citrus production are not easily remedied, but experts are hopeful investment in innovations can help save U.S. citrus groves.

Why orange juice futures hit records and prices may even go higher

Warren Buffett and his investment team have dumped nearly 52.8 million shares of Berkshire Hathaway's second-largest holding, Bank of America, over a six-session stretch. Buffett has been a net-seller of equities for six consecutive quarters (through Mar. 31, 2024). Even though Buffett would never bet against America, his actions suggest...

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Starbucks glass art on a store in Tokyo. Still, the results weren’t as bad as investors feared. Shares of the company rose more than 5% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of analysts by LSEG:

Starbucks revenue misses estimates as same-store sales decline for second straight quarter

Washington, DC

Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren't the right fit in her company's early years and the business struggled, she says.

63-year-old CEO shares the top 3 red flags she sees in employees: ‘No one wants to be in their presence'

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Pfizer now expects 2024 earnings to wind up well above analyst expectations after starting the year with a forecast that disappointed Wall Street. The drugmaker also said Tuesday that sales growth for non-COVID related drugs like the blood thinner Eliquis helped it deliver a better-than-expected performance in the recently concluded second quarter.

Drugmaker Pfizer hikes 2024 forecast again after initially underwhelming Wall Street

UPI News

Boeing's board of directors said Friday it has elected Robert K.  "Kelly" Ortberg as Boeing's new president and CEO.

Boeing board chooses Robert K. Ortberg as new president and CEO

Uber plans to use 100,000 electric BYD cars on its ride-hailing platform, starting in Europe and Latin America, the two companies announced Wednesday. The companies will also develop “autonomous-capable vehicles” for Uber’s ride-hailing platform, the press release said. The multi-year strategic partnership comes despite the EU following...

Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

While many start-up EV makers are grappling with difficult headwinds, Rivian continues to shine. Despite the narrative that start-up electric vehicle (EV) makers are struggling, and that the EV growth rate in the U.S. has slowed, Rivian Automotive (RIVN -0.25%) continues to tally up positive developments. Edmunds.com named the R1T launch edition its favorite EV among start-ups. What's more, Rivian inked a joint venture deal with global automaker Volkswagen for up to $5 billion, and it topped second-quarter delivery estimates.

Great News for Rivian Investors

The Motley Fool

This once iconic aerospace company has fallen from grace. Is now the time to buy its beaten-down stock?

Where Will Boeing Stock Be in 5 Years?

NewsBreak

Boeing reports wider-than-expected loss, weaker revenue

Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter. Both the company's commercial and defense units have been challenged by...

Boeing reports wider-than-expected loss, weaker revenue

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