Economy

AeroVironment soars 19% on earnings beat, backlog grows to $1.2 billion

Dronemaker AeroVironment's autonomous system revenue beat expectations by $90 million and its backlog continued to grow.

High-street slot machines and casinos could face £460m tax rise under Burnham

Thinktank finds 43% of the public would support a move by Labour to raise taxes on adult gaming centres

Our rating, price target and outlook for newly spun off Honeywell Aerospace

Given the robust backlog, streamlined operations, and high demand for its products, we see plenty of upside in our newest position.

Wall Street sees more gains ahead for this SpaceX supplier

A slew of Wall Street analysts initiated coverage of Applied Aerospace & Defense at an outperform- or buy-equivalent rating.

3 critical mistakes every saver should avoid this July

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Will Andy Burnham’s economic vision make us all better off?

Andy Burnham has made his first major speech since returning to Westminster. He announced proposals for a No 10 in the North as part of plans to devolve power and spread resources across the country. He said he wanted to regenerate towns, prioritising places that had been left behind.It sounds a lot like the “levelling up” of the Boris Johnson years, so can Burnham really make a change?

Citi Wealth warns investors to move out of excess cash because of hot inflation

Here is where Citi Wealth would put that money to work instead of short-term instruments.

Comcast's NBCUniversal spinoff raises hope for more deals. There may not be good options

Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.

Chip stocks rebound, and Goldman racks up a series of M&A wins

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

EU sets up three months of talks with China over €360bn trade deficit

Two sides agree to try to make bilateral relationship ‘more balanced’ after weeks of threats

How much interest can an $80,000 CD account earn now?

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Iran war has cost Americans $1,000 per household, economist estimates

The Iran war has cost Americans roughly $1,000 per household in higher fuel, food and other expenses since the start of the conflict in February, according to an estimate shared last week by Moody's Analytics chief economist Mark Zandi.