Business

Nio shares have extended gains since Goldman Sachs upgraded the Chinese EV maker to Buy from Hold with a $7 price target, citing improving margins and volume growth. The stock rose 3.7% on the upgrade and has held most of that ground as analysts firm up second-quarter estimates. The operational picture has improved markedly. Nio delivered 40,597 vehicles in June, up 63% from a year earlier and its best monthly tally of 2026, though second-quarter deliveries of 107,658 came in

A pivotal week begins for the portfolio's telecom holdings. AT&T reports second-quarter results Wednesday, July 22, with Wall Street looking for roughly $32 billion in revenue and $0.59 in earnings per share. The stock, recently near $22, remains weighed down by a Wells Fargo Underweight rating framed around competition risk from Starlink's direct-to-device satellite service. Verizon follows on Friday, July 24. Consensus calls for about $35.5 billion in revenue, up roughly 5%

Virgin Galactic filed a Form S-3ASR shelf registration with the SEC on July 17, a filing that gives the company flexibility to raise capital and often precedes new share issuance. The move lands with the stock near $2.63, down roughly 70% from its 52-week high of $8.90 set in June. The company continues to target the fourth quarter of 2026 for the start of commercial flights on its new Delta-class spaceships, contingent on the current test campaign. The Delta program is centr

UPS has struck a deal with the Teamsters capping its driver severance buyouts at 7,500 drivers at up to $150,000 each, easing a dispute that had drawn a union lawsuit over the company's Driver Choice Program. The program was oversubscribed in its first quarter, generating about $150 million in transitional costs that management says will fade through the year. The buyouts are part of a sweeping restructuring in which UPS is eliminating up to 30,000 operational jobs and closin

U.S. stock futures pointed higher Monday morning, with S&P 500 futures up about 0.3% and Nasdaq 100 futures up 0.6%, as investors weighed the latest military exchanges between the U.S. and Iran against fresh hopes for a diplomatic settlement. Sentiment improved after an Iranian Foreign Ministry spokesman signaled openness to negotiations, even as the U.S. completed a ninth consecutive day of strikes overnight. The conflict is still being felt at the pump: average U.S. gasolin

Coca-Cola reports second-quarter results on July 28 before the open, with analysts expecting earnings of $0.92 per share, up 5.8% from a year ago, on revenue of about $13.05 billion. The company has beaten bottom-line estimates in each of the last four quarters and trades near its 52-week high after an 18.7% gain over the past year. Wall Street is leaning bullish into the print: 19 of 25 covering analysts rate the stock Strong Buy, and recent weeks brought a wave of target hi

Kroger has agreed to acquire Giant Eagle, the family-owned food and pharmacy retailer with roughly $9 billion in annual sales, in a deal valued at $1.65 billion — $1.25 billion in cash plus the assumption of about $400 million in liabilities. The acquisition adds 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The proposed tie-up is already facing regulatory scrutiny, an echo of the antitrust fight

Bank of America shares climbed after the lender posted second-quarter earnings of $1.21 per share, beating consensus estimates of roughly $1.12. Profit surged 27% to $9.1 billion as revenue rose 15% year over year to $31.6 billion, ahead of the $30.67 billion analysts expected. Equities trading was the standout, with revenue up 70% to $3.6 billion on robust client activity in derivatives and cash products. Net interest income climbed 9% to $16.2 billion, deposits grew for a t