Mercedes-Benz is making a bold move to dominate the US automotive market with a flurry of new models. From luxurious SUVs to sleek sedans, the German automaker has twelve exciting launches lined up in the coming months. While they may have skipped the Paris Motor Show, they made a splash at the Hyères Festival with their avant-garde “Erlkönig” camouflage design for the upcoming 2025 CLA. But for those seeking more substance than style, Mercedes-Benz has a compelling lineup of 2025 model year vehicles ready to hit the US roads. Leading the charge is the new GLC 350e 4Matic plug in…
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Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via ReutersThough President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race.”As we’ve seen, our brand has been a fixture of conversation in this election cycle. While we’ve not sought this, it’s a testament to how much McDonald’s resonates with so many Americans. McDonald’s does not endorse candidates for elected office and that remains true in this race for the next…
Stock futures are pointing to a lower open for major U.S. indexes on Tuesday as investors assess a slew of quarterly earnings reports from major companies. Futures tied to the Dow Jones Industrial Average were down 0.3%, while those linked to the S&P 500 and Nasdaq 100 fell 0.4%. The Dow and S&P 500, which entered the week at record high levels, fell on Monday, while the tech-heavy Nasdaq finished in positive territory as AI investor darling Nvidia (NVDA) soared to a record high. Nvidia shares were slightly higher in premarket trading Tuesday, as the company gets closer to overtaking…
LAS VEGAS – Textron Aviation, a subsidiary of Textron Inc . (NYSE:), has become the first business aviation original equipment manufacturer (OEM) to offer Gogo (NASDAQ:)’s Galileo HDX as a factory-installed option. The advanced connectivity solution will be available for the Cessna Citation Longitude, Citation Latitude, and Citation Ascend business jets, enhancing inflight Wi-Fi capabilities for passengers. The Gogo Galileo HDX system is based on the company’s successful AVANCE platform and features a fuselage-mounted HDX antenna optimized for business jets. The system is designed to provide a more affordable and efficient satellite connectivity solution, with easier installation and operation compared…
John Christensen reviews a map of his forest in Corbett, Oregon, near the Columbia River on July 17, 2024. (Rian Dundon/Oregon Capital Chronicle)A small statue of St. Francis sits on a stump holding court in Julie and John Christensen’s forest in Corbett. The patron saint of animals and ecology is at home among the couple’s 70-acres of Douglas firs, cedars and hemlocks near the Columbia River. The Christensens moved to Corbett, a small, unincorporated town 30 miles outside of Portland, in 1984, intending to make it a communal home for themselves and friends they’d met through Julie’s work as a Catholic…
These three fundamentally strong stocks can deliver impressive returns in the future. In the past couple of years, artificial intelligence (AI) emerged as one of the key investment themes on Wall Street. The frenzy surrounding AI is not without reason — it presents a set of technological tools and innovations that transform entire industries and functional disciplines. Wall Street had to jump on this bandwagon, and subsequently, many AI-powered stocks soared to dizzying highs. Some of these stocks are still going strong and can generate impressive returns in the next few years, especially for investors with around $50,000 to spare…
Tuesday, BMO Capital Markets adjusted its outlook on SAP AG (NYSE: NYSE:) shares, raising the software giant’s price target from $248.00 to $265.00 while maintaining an Outperform rating. The adjustment follows SAP’s recent financial disclosures, which revealed a solid current cloud backlog and free cash flow (FCF) that significantly exceeded both the analyst’s and the consensus expectations. The analyst from BMO Capital highlighted that SAP’s implied fourth-quarter FCF guidance appears to be very conservative. Despite this, the company has shown a potential decrease in its fiscal year 2024 cloud revenue at constant currency, if WalkMe’s contributions are excluded. WalkMe, which…
By Pratyush Thakur and Mike Stone(Reuters) -Defense contractor Lockheed Martin (LMT) on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by strong demand for military equipment amid escalating global tensions.The Bethesda, Maryland-based company now expects per-share profit of $26.65 for 2024, above its earlier forecast of $26.10 to $26.60.It also sees full-year sales of $71.25 billion, slightly above the midpoint of its earlier forecast of $70.50 billion to $71.50 billion.Conflicts in the Middle East and the protracted Russia-Ukraine war have resulted in nations boosting their defense spending, which has benefited arms manufacturers.However, Lockheed’s flagship F-35 program…
Tuesday, EF Hutton initiated coverage on Quince Therapeutics Inc. (NASDAQ: QNCX), a biotech company focused on precision therapeutics for rare diseases, with a Buy rating and a $12.00 price target. The firm highlighted the company’s lead product, EryDex, for the treatment of Ataxia-Telangiectasia (A-T), an ultra-orphan genetic disorder. Quince Therapeutics has been recognized for its innovative approach in the biotechnology space, particularly for its work on EryDex. This novel therapy is designed to administer steroids through red blood cells, avoiding the systemic toxicity typically associated with steroid use. The controlled and sustained release of dexamethasone is aimed at alleviating the…
The U.S. Securities and Exchange Commission (SEC) announced that it has charged ETF provider and asset manager WisdomTree with making misstatements and compliance failures after finding that funds marketed by the firm as incorporating ESG factors failed to comply with their own criteria, by investing in companies involved in fossil fuel and tobacco activities. According to the SEC and a filing by WisdomTree, three ETFs managed by the firm that pursued ESG-focused strategies represented in their prospectuses from March 2020 until November 2021 that the funds would screen out investments in companies involved in products and activities including fossil fuels…