CAVA Group stock rises after Morgan Stanley upgrade

Oil prices surged Wednesday after President Donald Trump threatened to bomb Iran for a second day and reimpose the U.S. naval blockade in retaliation for attacks on tankers transiting the Strait of Hormuz. West Texas Intermediate futures rose 4.4% to close at $73.52 per barrel. Brent futures, the international benchmark, jumped 5.3% to $78.07. Speaking at…

CME Group said Thursday that it has launched a broad-based Agriculture Index designed to provide a unified price benchmark tracking the aggregate performance of five sectors central to the global farm economy. The index integrates futures prices across Grains, Oilseeds, Livestock, Dairy and Lumber, and will be updated on a monthly basis.  CME Group said…

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AbbVie (ABBV 0.76%) is listed as a Dividend King, but in fairness, it has only been a stand-alone company since it was spun off from Abbott (ABT 0.50%) at the start of 2013. AbbVie hasn’t been around for the 50 years required to qualify as a Dividend King; instead, it has inherited Abbott’s track record….

Mariner, the Overland Park, Kan.-based national registered investment advisor that manages more than $630 billion in client assets, has entered a five-year partnership with technology provider Humanity Labs to scale an artificial intelligence workforce representing more than 700 full-time equivalents across its operations. Humanity Labs founder and CEO Andrei Pop describes his company and its…

When CVC Capital Partners put Greek eCommerce platform Skroutz up for sale earlier this year, it skipped investment bankers and used artificial intelligence to run the process instead, The Wall Street Journal reported. CVC sent prospective buyers a link to a data portal that functioned as an investment memo and a chatbot answered questions on…