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We’re upgrading Eaton as shares of the industrial AI winner fall on earnings

We’re upgrading Eaton as shares of the industrial AI winner fall on earnings

Electrical equipment supplier Eaton , whose products are essential to AI data centers, on Tuesday reported a solid second quarter and raised its full-year outlook. Nevertheless, the stock tumbled in response because the positive results fell short of the sky-high bar that Wall Street had set. Adjusted earnings per share for the second quarter ended…

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Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the ‘Kevins’

Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the ‘Kevins’

Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the US Federal Reserve Reuters President Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh,…

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Caterpillar, Eaton results show tariff hit, cast doubt on hottest Wall Street trade

Caterpillar, Eaton results show tariff hit, cast doubt on hottest Wall Street trade

Key Points Caterpillar’s operating profit fell 18% compared with the same period last year due to President Donald Trump’s tariffs. Eaton provided third-quarter earnings guidance that missed Wall Street expectations. Caterpillar’s and Eaton’s results cast doubt on the performance of the industrial sector, one of the hottest trades this year. Caterpillar and Eaton reported financial…

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