PepsiCo earnings beat estimates, but U.S. demand weakens
The food and beverage giant PepsiCo reported better-than-expected second-quarter earnings, but its revenue fell short of Wall Street’s estimates.
NASA still expects Boeing’s Starliner to return astronauts from ISS, but notes SpaceX backup option
Officials say Starliner capsule “Calypso” may return as soon as the end of this month from its extended ISS stay.
HubSpot shares plunge 12% on report that Alphabet is shelving interest in acquiring software company
Alphabet has reportedly shelved its interest in acquiring HubSpot months after the companies were in talks.
Ashley Biden diary thief arrested in Georgia on weed, other charges the day before jail surrender date
Florida resident Aimee Harris had pleaded guilty to conspiring to steal and sell a diary belonging to Ashley Biden, daughter of President Joe Biden.
Pelosi refuses to say she supports Biden as the Democratic nominee
Nancy Pelosi has said it was legitimate to ask whether President Biden’s debate performance against Donald Trump was symptomatic of a “condition.”
Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
The facilities are part of Walmart’s broader effort to modernize its supply chain and expand capacity to keep up with customers’ online orders.
Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased last week to 7.00% from 7.03%.
These bank stocks are cheap and expected to rally
The names poised to break out with the start of second-quarter earnings season include U.S. Bancorp and First Horizon.
Number of millionaires to soar globally but plunge in the UK, research finds
The 2024 Global Wealth Report from UBS forecasts a continued increase in the number of millionaires, with the U.K. a notable outlier.
Suspected carjacker shot outside home of Supreme Court Justice Sonia Sotomayor
An officer tasked with protecting Supreme Court justices’ homes shot an alleged armed carjacker near the residence of Sonia Sotomayor, authorities said.
