Companies

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.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

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.

SpaceX Insider Lockup Expires, Freeing Billions in Shares as Stock Slide Caps Selling

SpaceX insiders gained their first chance to sell shares as an initial lockup expired, though a weak stock price will cap how much can be offloaded.

Diageo Shares Surge as New CEO Dave Lewis Unveils $1 Billion Cost-Cutting Plan

Diageo shares surged about 6% after new CEO Dave Lewis unveiled a $1 billion savings and restructuring plan to revive the spirits giant.

Bain Capital to Acquire Bubble Tea Chain Gong Cha from TA Associates and Others

Bain Capital has agreed to acquire global bubble tea chain Gong cha from TA Associates and other shareholders in a deal underscoring appetite for Asia's te

Etsy to Cut 12% of Workforce in Restructuring Aimed at Long-Term Growth

Etsy will lay off roughly 12% of its staff in a restructuring effort to streamline operations and position the online marketplace for long-term growth.

Activist Investor Starboard Value Builds New Stake in Shake Shack

Activist investor Starboard Value has built a new stake in fast-casual chain Shake Shack, its latest move into the restaurant sector following bets on Star

E.l.f. Beauty Profits Nearly Double on $50 Million Tariff Refund Windfall

E.l.f. Beauty nearly doubled quarterly profit after a $50 million tariff refund and raised its annual forecasts, drawing fresh Wall Street upgrades.

Eli Lilly Lifts Revenue Forecast as Obesity and Diabetes Drug Demand Surges

Eli Lilly lifted its full-year revenue forecast as surging Mounjaro and Zepbound sales widened its lead over Novo Nordisk in the weight-loss drug market.

Procter & Gamble to Acquire Supplements Maker Thorne in $3.8 Billion Deal

Procter & Gamble will acquire premium supplements brand Thorne for $3.8 billion, expanding its bet on the fast-growing health and wellness market.

Paramount Skydance Lifts Profit Outlook, Stays Confident on Warner Bros. Merger

Paramount Skydance lifted its full-year profit guidance and reaffirmed confidence in its Warner Bros. Discovery merger as a judge set a March 2027 trial.

SpaceX Posts Revenue Surge in Debut Earnings on Strong Starlink Growth

SpaceX reported a sharp revenue rise in its debut quarterly earnings, driven by strong Starlink growth, after a turbulent post-IPO slump in its shares.

Leidos Raises Annual Forecasts on Robust Defense and Government Demand

Leidos Holdings has raised its full-year revenue and profit forecasts, citing sustained demand for defense, intelligence and government technology services

Shein Targets $30–40 Billion Valuation for August Hong Kong IPO

Shein is targeting a $30–40 billion valuation for an August Hong Kong IPO, a steep discount that has raised questions over whether the listing is necessary

Chipotle Pulls Jalapeños from Some Restaurants Amid US Salmonella Outbreak Probe

Chipotle has removed jalapeños from some US restaurants after identifying them as a possible source of a salmonella outbreak that has sickened about 100 pe

Pfizer Beats Profit Estimates, Targets $2.5 Billion in Fresh Cost Cuts

Pfizer topped quarterly profit forecasts and raised its 2026 guidance while targeting an additional $2.5 billion in cost reductions amid falling Covid sale

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