GM posted strong second quarter results and boosted its guidance for a second time this year as customers continue buying the Detroit-based automaker's gas-powered vehicles, trucks — and even EVs.
Many Big Tech names have begun to rebound from their losing position last week as markets digest President Joe Biden's decision to drop out of the presidential race. As Biden has endorsed Vice President Kamala Harris as nominee, questions arise behind her potential economic policies and how they may have changed since she last ran in 2020. In addition, the market may need to adjust chances of Trump presidency which seemed more probable against Biden. Will this reverse some of the so-called "Trump Trade" seen in recent weeks? Trending Tickers on Yahoo Finance include Verizon (VZ), Air Canada (AC.TO), and AT&T (T). Top guests today include: 3:05 PM: Ralph Schlosstein, Evercore Chairman Emeritus3:15 PM: Jeremy Schwartz, WisdomTree Global Chief Investment Officer3:30: PM: Aniket Shah, Jefferies Global Head of Sustainability and Transition Strategy4:05 PM: Michael Kushma, Morgan Stanley CIO of Broad Markets Fixed Income4:15 PM: Patrick Moorhead, CEO and Chief Analyst of Moor Insights & Strategy
Activist investor Elliott Investment Management took an undisclosed stake in Starbucks, putting pressure on the coffee chain to prove its turnaround plans will work soon.
