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.

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

Inside the World of High-Net-Worth Horse Investors at the Kentucky Derby

The 151st Kentucky Derby kicks off this Saturday, with the winner taking home $3.1 million from a $5 million purse. Among the crowd at...

CVS Health Beats Q1 Estimates and Raises 2025 Forecast Amid Insurance Gains

CVS Health reported stronger-than-expected first-quarter earnings and revenue, with improvements in its insurance division driving optimism and prompting an upward revision of full-year adjusted...

Eli Lilly Reports Q1 Revenue Surge Driven by Mounjaro and Zepbound Sales

Eli Lilly posted strong first-quarter results, exceeding analyst expectations for both revenue and earnings, largely driven by soaring demand for its diabetes and weight...

Amazon Revives Theatrical Movie Market with Major Film Investments

Amazon is reshaping the cinematic landscape with a significant push into theatrical releases, pledging to spend around $1 billion annually to produce 12 to...

GM Cuts 2025 Outlook Amid $5 Billion Tariff Impact

General Motors has revised its financial guidance for 2025, adjusting for a projected $4 billion to $5 billion negative impact from recently implemented auto...

U.S. Auto Sales Surge in April Ahead of Tariff-Driven Price Hikes

Automakers including Ford, Hyundai, and Kia experienced strong year-over-year growth in U.S. vehicle sales for April, as consumers accelerated their purchases to avoid anticipated...

Eli Lilly CEO Questions Need for Drug Tariffs Amid U.S. Manufacturing Push

Eli Lilly CEO Dave Ricks has expressed a willingness to support national security efforts by helping secure the U.S. supply of essential medicines, as...

McDonald’s Posts Weak Q1 Sales as U.S. Traffic Declines Sharply

McDonald’s reported mixed results for the first quarter, revealing its sharpest domestic decline in same-store sales since the early months of the COVID-19 pandemic....

Trump’s Second Term Fuels Energy Uncertainty as Oil Prices Plummet

Just 100 days into President Donald Trump's second term, U.S. oil prices have declined more than 20%, slipping below the breakeven point for many...

CSL Assesses Tariff Exemptions for U.S.-Made Drugs Amid China-U.S. Trade Tensions

Australian biotechnology firm CSL Ltd has confirmed it is evaluating whether some of its U.S.-made medicines, particularly those used in surgical procedures, are included...

Aston Martin Balances Tariff Costs and Affirms 2025 Outlook Amid U.S. Strategy Shift

Aston Martin announced that it will adopt a balanced approach in managing the financial impact of newly imposed U.S. tariffs, splitting the associated costs...

Volkswagen Warns of Lower Profit Margins Amid Tariff Uncertainty

Volkswagen announced that its operating profit margin for the year will likely fall at the lower end of its projected 5.5% to 6.5% range....

Samsung Warns of Tariff-Driven Uncertainty Despite Solid First-Quarter Profit

Samsung Electronics issued a warning about increasing global trade uncertainties, noting that U.S. tariffs could dampen demand for products like smartphones and complicate future...

Markets Struggle as Tariff Warnings Weigh on Stocks and Oil Prices

Shares had a mixed performance on Wednesday as investors awaited crucial economic data that could shed light on the effects of U.S. President Donald...

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