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.

Rolls-Royce Lifts Guidance as Defense Spending and AI Data Center Demand Fuel Growth

Rolls-Royce shares surged after the company hiked full-year guidance, driven by rising defense budgets and a more than 50% jump in AI data center power ord

Zhongji Innolight Slips in Hong Kong Debut After Year’s Biggest IPO Amid AI Sell-Off

Zhongji Innolight shares fell up to 3% on their Hong Kong debut after the year's biggest IPO raised HK$53.4 billion, as AI sentiment cooled.

US Stock Futures Climb as Microsoft Surges on Strong Earnings After Fed Selloff

US stock futures climbed as Microsoft jumped on strong earnings, helping investors recover from a selloff after the Federal Reserve held rates steady.

Rheinmetall Q2 Revenue Jumps Nearly 70% as European Defense Spending Surges

Rheinmetall reported a nearly 70% surge in Q2 revenue and profit that beat forecasts, fueled by rising European defense spending and a growing order backlo

SoFi Shares Slide Despite Earnings Beat as Investors Question Cautious Guidance

SoFi Technologies shares dropped after topping earnings estimates, as investors focused on restrained guidance and its aggressive consumer lending push.

Carvana Shares Slide 15% as 2026 Guidance Falls Short of Wall Street Forecasts

Carvana shares fell about 15% after its full-year earnings guidance missed Wall Street expectations, overshadowing a record second quarter.

Chipotle Lifts Same-Store Sales Forecast as Diners Return for Burrito Bowls

Chipotle Mexican Grill lifted its same-store sales forecast as customer traffic rebounded, sending shares higher after a rough stretch for the stock.

Starbucks Stock Surges as Coffee Giant Lifts Full-Year Outlook on Sales Rebound

Starbucks shares jumped after posting a fourth straight quarter of same-store sales growth and raising its full-year outlook under CEO Brian Niccol.

Procter & Gamble Beats on Profit but Misses Sales as Consumers Tighten Spending

Procter & Gamble topped profit estimates but missed on revenue as flat volumes and cautious consumers prompted a muted fiscal 2027 outlook.

Shein Discloses FTC Investigation Into U.S. Operations Ahead of Hong Kong IPO

Shein has disclosed that the U.S. Federal Trade Commission is investigating its American operations as the retailer prepares for a Hong Kong listing.

Johnson & Johnson Offers $5.5 Billion to Settle Talc Cancer Lawsuits

Johnson & Johnson has agreed to pay $5.5 billion to resolve nearly 70,000 US lawsuits alleging its talc-based baby powder caused cancer.

Centene Lifts Annual Profit Forecast but Shares Slide on Weakening Medicaid Outlook

Centene lifted its annual profit forecast on improved cost management, but shares fell after the insurer flagged weakening Medicaid membership.

eBay Agrees to Pay Roughly $50 Million to Couple Targeted in Bizarre Harassment Campaign

eBay has agreed to pay roughly $50 million to a Massachusetts couple targeted by former employees with threats and bizarre deliveries, ending years of liti

Visa to Cut 7% of Global Workforce as Efficiency Drive Deepens Across Corporate America

Visa plans to reduce its global workforce by roughly 7%, affecting more than 2,000 roles, as the payments giant deepens an efficiency and technology drive.

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