Baird has maintained its Outperform rating on Yum Brands, viewing a recent parasite outbreak linked to Taco Bell as a short-term headwind with a manageable impact on earnings and comparable sales.
Boeing will not launch a new commercial jet for at least two years as it focuses on repairing its balance sheet and stabilizing production, CEO Kelly Ortberg said at the Farnborough Airshow.
Archer Aviation and defense firm Anduril have introduced a co-developed autonomous aircraft platform, starting with the 'Thunder' military variant, as eVTOL companies seek new revenue streams in defense and logistics.
The fast-casual sandwich chain has filed to go public on the NYSE under the ticker 'JMKE', with a proposed offering of nearly 43.5 million shares priced between $21 and $25 each.
Moonshot AI's Kimi K3 model autonomously designed a functional chip, causing a sharp sell-off in EDA software stocks and shifting investor focus to potential beneficiaries in the AI hardware and cloud sectors, particularly in China.
Citigroup analysts have reiterated a bullish stance on South Korea's KOSPI, setting a 10,000 target that implies over 50% upside, arguing the index is trading at historically low valuations despite strong fundamentals.
Meta Platforms is heading to trial in Tennessee over claims it violated consumer protection laws by designing Instagram to be addictive and harmful to teens. The case is a key test among a wave of litigation the social media giant faces concerning youth mental health.
The pizza chain reported its second consecutive quarterly miss on key metrics, with U.S. same-store sales growth slowing to just 0.1% as inflation and competition weigh on performance.
The submarine sandwich chain Jersey Mike's has announced plans for a U.S. initial public offering, seeking to raise as much as $1.09 billion. The company plans to list on the New York Stock Exchange under the ticker symbol 'JMKE'.
