Companies

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Cracker Barrel Names David Deno CEO, Replacing Julie Masino After Logo Backlash

Cracker Barrel has named David Deno as CEO, replacing Julie Masino a year after a logo redesign sparked backlash and a stock decline.

SpaceX Shares Hit New Low Ahead of Earnings as Insider Selling Window Nears

SpaceX shares fell to a new low despite a successful Starship flight, as investors brace for earnings and a looming insider selling window.

Argenx Agrees $2.2 Billion Acquisition of Forte Biosciences to Bolster Autoimmune Pipeline

Argenx has agreed to acquire Forte Biosciences for about $2.2 billion to strengthen its autoimmune drug pipeline, sending Forte shares up roughly 39%.

AstraZeneca Chief Urges Western Drugmakers to Match ‘Chinese Speed’ as Shares Rise

AstraZeneca CEO Pascal Soriot warns Western drugmakers risk falling behind faster Chinese rivals as the company's shares rise ahead of earnings.

Brown-Forman Rejects Sazerac Takeover Approach as ‘Not Actionable’

Jack Daniel's maker Brown-Forman has rejected an unsolicited acquisition proposal from rival Sazerac, with its board deeming the approach 'not actionable.'

United Approached Delta About Merger Before Turning to American, Reports Say

United Airlines reportedly approached Delta about a merger last year before turning to American, highlighting pressure toward airline consolidation.

Shein Files for Hong Kong IPO After Swinging to Quarterly Loss Despite Revenue Growth

Shein has filed for a Hong Kong IPO after swinging to a quarterly loss despite revenue growth, marking a pivot from earlier London listing plans.

Apple and Megacap Tech Anchor Wall Street’s Busiest Earnings Week of the Quarter

Apple and megacap tech companies headline the busiest week of second-quarter earnings, testing a market where one firm is driving S&P 500 growth.

Logistics Stocks Slide After Texas Legal Ruling Rattles C.H. Robinson

Third-party logistics stocks dropped after a Texas legal case against C.H. Robinson raised concerns over freight broker liability across the industry.

Tesla Suffers Worst Weekly Slump Since 2022 After Missing Quarterly Earnings

Tesla shares fell nearly 18% this week after a quarterly earnings miss and negative cash flow, marking the automaker's steepest weekly drop since 2022.

Kuwait’s KPC Signs $16 Billion Pipeline Deal with Blackstone, Brookfield and KKR

Kuwait Petroleum Corporation has signed a $16 billion lease-and-leaseback deal with Blackstone, Brookfield and KKR to finance its oil pipeline network.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

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