A.O. Smith leads S&P 500 gainers after better-than-expected earnings and upbeat guidance

A.O. Smith Corp.’s stock jumped 12% Tuesday to lead S&P 500 gainers after the maker of water-heating equipment and boilers blew past earnings estimates for the fourth quarter. The stock AOS, +12.37% is on track to close at its highest level since April 21, 2022, according to the Dow Jones market data team. It’s also … Read more

Why is the U.S. sending Abrams tanks to Ukraine, and why is it signifcant?

The U.S. plans to send 31 M1 Abrams tanks to Ukraine, marking another step up in American efforts to support the Eastern European country after Russia’s invasion 11 months ago. The decision to send these particular armored fighting vehicles, manufactured by a unit of defense giant General Dynamics Corp. GD, -3.64%, is a reversal for … Read more

U.S. leans toward providing Abrams tanks to Ukraine

WASHINGTON—The Biden administration is leaning toward sending a significant number of Abrams M1 tanks to Ukraine and an announcement of the deliveries could come this week, U.S. officials said. The announcement would be part of a broader diplomatic understanding with Germany in which Berlin would agree to send a smaller number of its own Leopard 2 tanks and would … Read more