INDUSTRIAL SEL (XLI)

Under the new agreement, the companies will jointly develop, manufacture, and test the GEK800 engine and begin work on a second engine, the GEK1500.

After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.

Bank of America pointed to Boeing’s recent international deals, including agreements in the U.K., Qatar, the U.A.E., and China, as evidence that the company is playing a central role in global trade diplomacy.

Modine Manufacturing Co. (NYSE: MOD) to acquire L.B. White for $112 million to expand HVAC portfolio with specialized heating solutions for agriculture, construction, and events.

The FAA emphasized that it will continue to monitor Boeing’s ODA performance during the renewal period closely.

Wedbush Securities, in a note to clients cited by TheFly, stated that Tesla’s robotaxi ambitions pose a long-term threat to Uber’s business model.

The appeal comes amid reports that the DOJ may finalize a non-prosecution agreement with Boeing, potentially shielding the company from criminal charges.

The deal would merge the Catalyst Technologies business with Honeywell's Energy and Sustainability Solutions (ESS) business segment.

The company projected 2025 net income between $4.7 billion and $5.5 billion, compared with its prior earnings forecast between $5 billion and $5.5 billion.

According to FinChat data, Wall Street expects Deere to report second-quarter (Q2) earnings per share of $5.62 on revenue of $10.79 billion.