Business

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

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.

Trade Tensions and Global Markets: De-Escalation Hopes Boost Risk Sentiment

Markets were given a boost on Friday by the prospect of de-escalation in trade tensions between Beijing and Washington, lifting global stocks and improving...

Basel Committee Defends Swiss Bank Capital Rules Amid UBS Concerns

The head of the Basel Committee on Banking Supervision, Neil Esho, defended Switzerland's current bank capital rules, countering claims by UBS that tougher regulations...

Standard Chartered Reports 10% Profit Rise Despite Geopolitical Concerns

Standard Chartered reported a 10% rise in its first-quarter profit, driven by strong performances in wealth, markets, and other fee-based businesses, which helped offset...

Danske Bank Reports Strong Q1 Profits and Resilient Nordic Market Outlook

Danske Bank, Denmark’s largest lender, reported better-than-expected first-quarter profits, which boosted its shares. The bank’s net profit for the period between January and March...

Carlyle Group Sells 10.44% Stake in PNB Housing Finance via Block Deals

The Carlyle Group, a U.S.-based private equity firm, has divested its entire 10.44% stake in India’s PNB Housing Finance through a series of block...

Mitsubishi Corporation Predicts 26% Drop in Profit for Fiscal Year Ending March

Mitsubishi Corporation, Japan’s prominent trading house, announced on Friday that it expects its net profit for the fiscal year ending March to decrease by...

Capital A Eyes Hong Kong Listing to Boost Global Capital Access Post-Recovery

Malaysia's Capital A, the parent company of low-cost airline AirAsia, announced that it is actively exploring a potential listing on the Hong Kong Stock...

Japanese Investors Boost Overseas Holdings Amid Trade Optimism and Strong Yen

Japanese investors continued to increase their exposure to foreign stocks for the sixth consecutive week, driven by growing optimism over a potential de-escalation in...

China Reviews U.S. Proposal for Trade Talks Amid Rising Tariff Tensions

Beijing has confirmed it is currently assessing a proposal from Washington to hold discussions over U.S. President Donald Trump’s newly imposed 145% tariffs, signaling...

Australia’s Antitrust Watchdog Reviews Lactalis Bid for Fonterra Units

Australia’s antitrust authority has initiated an informal review of Lactalis’ potential acquisition of select Fonterra assets, despite the French dairy company not having formally...

BOJ Faces Pressure to Pause Rate Hikes Amid Inflation and Trade Uncertainty

The Bank of Japan is facing a critical moment in its monetary policy trajectory, as its cautious rate-hike cycle confronts new headwinds driven by...

Shell Beats Profit Expectations Despite Drop, Maintains $3.5B Buyback Plan

Shell reported a 28% decline in first-quarter net profit to $5.58 billion, yet still exceeded analyst expectations, signaling strong operational resilience amid softer energy...

Tesla Board Stands by Elon Musk Amid Investor Unease and Falling Sales

Tesla's board has reaffirmed its support for CEO Elon Musk amid growing concerns among investors regarding his recent absences, divisive political affiliations, and Tesla’s...

US Ends Tariff Exemption on Small Parcels, Impacting E-Commerce Retailers

The United States has officially ended the “de minimis” tariff exemption for e-commerce parcels under $800 originating from China and Hong Kong, leading to...

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