Companies

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.

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

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

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.

Bath & Body Works Raises Profit Forecast as Online Sales Offset Weak Stores

Bath & Body Works lifted its annual profit forecast as online demand offset weak store traffic, though it guided to lower third-quarter earnings.

FDA Approves Revolution Medicines Pancreatic Cancer Pill Daraxonrasib

The FDA granted expedited approval to daraxonrasib, a first-of-its-kind pill targeting the mutated protein behind over 90% of pancreatic cancer cases.

Abercrombie & Fitch Soars 37% on $100M Tariff Refund and Raised Guidance

Abercrombie & Fitch shares jumped 37% Wednesday after a roughly $100 million tariff refund, raised guidance and a 15th straight quarter of sales growth.

Vanguard Acquires Fintech Platform Altruist in $4 Billion Deal

Vanguard has agreed to buy fintech platform Altruist for about $4 billion, expanding its reach into the independent financial advice market.

Dick’s Sporting Goods Cuts Forecast as Footwear Demand Weakens, Stock Plunges

Dick's Sporting Goods missed Q2 revenue estimates and cut its annual forecast Tuesday, citing weak footwear demand and sending shares sharply lower.

Xpeng Shares Sink on Weak Delivery Outlook Despite $6.3 Billion Robot Valuation

Xpeng shares fell Monday as a weak delivery forecast overshadowed a $6.3 billion valuation for its robotics business, keeping focus on core EV demand.

Lego Posts Record First-Half Sales, Up 21% on World Cup and F1 Kits

Lego reported record first-half 2026 revenue of 41.9 billion kroner, up 21%, driven by World Cup, F1, Star Wars and KPop Demon Hunters ranges.

L3Harris Replaces CEO Kubasik After Conduct Probe, Names Sam Mehta

L3Harris removed CEO Christopher Kubasik after a conduct investigation and promoted insider Sam Mehta, sending shares of the defense contractor lower.

Woodside Scraps Long-Term Emissions Targets After 27% Profit Jump

Woodside Energy abandoned its long-term emissions and clean energy targets after reporting a 27% rise in sales profit to $1.67 billion amid the Iran confli

Strategy Earmarks $1.6 Billion Cash Pool for Bitcoin, Buybacks and Debt

Strategy has earmarked roughly $1.6 billion in cash for treasury operations, buybacks and debt, while leaving its Bitcoin holdings unchanged as prices rose

Zillow Settles FTC Claim It Paid Redfin to Stop Competing on Apartment Listings

Zillow has agreed to resolve FTC allegations it paid Redfin to stop competing for apartment rental listings, ending the antitrust litigation without a tria

Mike Ashley’s Frasers Group Lifts Hugo Boss Stake to 48%

Mike Ashley's Frasers Group has lifted its Hugo Boss shareholding to 48% after an offer of €38 per share, stopping just short of full control.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

Paramount and California Set Monday Talks to Settle Warner Bros. Lawsuit

Paramount and California's attorney general plan preliminary talks Monday to discuss settling an antitrust lawsuit over the proposed Warner Bros. Discovery

- A word from our sponsors -

spot_img

Follow us

HomeBusinessCompanies