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.

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

Telstra CEO Vicki Brady Gets $700,000 Pay Rise Despite Nationwide Outage

Telstra awarded CEO Vicki Brady A$6.8m for the year, a A$700,000 rise, even after docking her bonus over a nationwide network outage in July.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

Bob Iger, Josh Kushner Buy Los Angeles Lakers in Record $12.5 Billion Deal

Bob Iger and Josh Kushner are buying the Los Angeles Lakers for a record $12.5 billion, pending NBA board approval, in the second sale within a year.

Wendy’s Stock Surges 12% on Nelson Peltz Take-Private Bid

Wendy's shares jumped 12% after a report that Nelson Peltz's Trian Fund Management is preparing an offer to take the burger chain private.

Bank of America Invests $1.9 Billion for 49.9% Stake in Jio Financial Unit

Bank of America is investing $1.9 billion for a 49.9% stake in a lending unit of India's Jio Financial Services, one of the sector's largest deals.

Paramount Floats CNN Sale to Settle California Suit Over Warner Bros. Deal

Paramount Skydance says selling CNN is "on the table" to resolve a California suit challenging its pursuit of Warner Bros. Discovery.

Nebius Jumps 20% After Michael Burry Slams AI Stocks as Easy Shorts

Nebius shares surged 20% days after Michael Burry called AI stock shorts 'shooting fish in a barrel,' despite a -42% one-year return and rising credit risk

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

AbCellera Launches $200 Million Stock Offering, Pulling Shares Down After 44% Surge

AbCellera Biologics shares reversed after the company launched a $200 million public offering, unwinding a 44% rally driven by its hot flash treatment prog

Norway Wealth Fund Reveals $1.2 Billion SpaceX Stake, Posts Record $184 Billion Profit

Norway's sovereign wealth fund disclosed a $1.2 billion SpaceX stake for the first time while posting a record $184 billion profit.

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

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