Business

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Microsoft Will Disclose Azure Revenue in Dollars for First Time

Microsoft will report quarterly Azure revenue in dollars for the first time under a new segment structure taking effect in fiscal 2027.

Broadcom Stock Falls as Revenue Forecast Disappoints Despite Upbeat Earnings

Broadcom shares dropped on Thursday after a revenue forecast below estimates, extending a year in which the stock has lagged the broader chip rally.

Google Avoids Ad Tech Breakup as Judge Rejects US Sale Order

A U.S. judge declined to order Google to sell parts of its ad tech business, opting for behavioral fixes over a forced divestiture in the antitrust case.

Shein Shares Fall Again in Hong Kong, Handing Backers 73% Valuation Drop

Shein shares slid 3-5% on their second day in Hong Kong, leaving early private backers with a 73% valuation drop from the IPO.

Chevron Unveils $7 Billion Venezuela Plan to Double Oil Output

Chevron confirmed a $7 billion, five-year plan to more than double Venezuela oil output to 600,000 barrels a day, following a Trump administration push.

Uber Cuts 3,300 Jobs in Company-Wide Restructuring as Shares Rise 2%

Uber is eliminating roughly 3,300 jobs in a company-wide restructuring, a move that lifted its shares about 2% in early trading on Thursday.

ADP Says U.S. Firms Added Just 38,000 Jobs in August, a 7-Month Low

U.S. private employers added 38,000 jobs in August, ADP reported Wednesday — the smallest gain since January and below expectations, pointing to a summer h

GitLab Stock Surges After AI-Driven Quarter Beats Wall Street Estimates

GitLab shares surged toward a 52-week high after the company topped second-quarter estimates on AI-driven demand, prompting a William Blair upgrade.

Berkshire’s Abel Says Japan Borrowing Costs Still Modest for Trading Houses

Berkshire CEO Greg Abel said Tuesday that Japanese bond yields remain low enough to keep the country's trading houses comfortable despite a gradual rise.

Dow Falls Below 50-Day Average, Tests 52,800 Support as RSI Signals Oversold

The Dow Jones fell below its 50-day moving average and tested 52,800 support, with an oversold RSI and the 200-day average near 53,173 in focus.

Palo Alto Networks Beats Estimates as AI Fuels Security Demand

Palo Alto Networks topped fiscal fourth-quarter estimates on September 1 as AI-driven security demand lifted results and its stock nearly doubled this year

Dell Surges 9% After Tripling AI Server Forecast, Backlog Hits $95 Billion

Dell shares jumped 9% on September 1 after raising its fiscal 2027 AI server forecast to triple, with order backlog reaching $95 billion.

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