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

NXP Semiconductors Faces Decline After CEO Announces Retirement

NXP Semiconductors experienced a 7% drop in its stock price following the announcement that CEO Kurt Sievers will retire at the end of the...

Oracle’s Software Outage Causes Temporary Disruption in Health Systems

Oracle engineers accidentally triggered a five-day software outage at several hospitals within the Community Health Systems (CHS) network, forcing the facilities to revert to...

Amazon Launches First Batch of Kuiper Satellites to Revolutionize Internet Connectivity

Amazon successfully launched the first batch of its Kuiper internet satellites into space on Monday, after a prior attempt was delayed due to bad...

Uber Tightens Remote Work Policy and Adjusts Employee Benefits

Uber has informed employees of significant changes to its workplace policy, including a stricter in-office attendance requirement and adjustments to employee benefits. CEO Dara...

Alibaba Launches Qwen3, a Major Leap in Open-Source AI Development

Alibaba has unveiled the next generation of its open-source large language models, Qwen3, signaling a significant leap forward in China’s rapidly evolving artificial intelligence...

PayPal Prioritizes Profitability in Q1 Amid Revenue Miss and Macroeconomic Headwinds

PayPal reported stronger-than-expected first-quarter earnings, driven by its continued emphasis on profitability, even as revenue slightly missed market expectations. The company posted adjusted earnings...

Venmo Emerges as Key Revenue Driver for PayPal Amid Growing Monetization Efforts

Venmo, once seen as a popular peer-to-peer payment app with limited monetization, is becoming a more significant contributor to PayPal’s business. In its first-quarter...

Amazon Denies Plan to Display Import Charges on Haul Products

Amazon has officially denied plans to display import charges on products sold through its Haul platform, a low-cost storefront offering items like clothing and...

Meta Launches Stand-Alone AI App to Compete with ChatGPT and Rivals

Meta Platforms has launched a stand-alone artificial intelligence assistant app powered by its proprietary Llama AI model, marking a major step in its ongoing...

SEC Explores Crypto Reform Amid Calls for Clear Custody Rules

SEC Chair Paul Atkins said Friday that innovation in the crypto sector has been “stifled for the last several years,” pointing to the need...

Fintech Stocks Rally as Shift4, Upstart, and PayPal Drive Market Momentum

Fintech stocks saw notable movement Tuesday as a wave of earnings releases and analyst commentary spurred investor reactions across the sector. Shares of Shift4...

SpaceX Denied Greater Control Over Texas Roads and Beaches Amid Starbase City Push

As SpaceX pushes forward with its plans to incorporate Starbase into an official city in Texas, lawmakers have rejected legislation that would have granted...

Virtual Power Plant Startup Base Offers Battery Backup Amid Grid Uncertainty

With extreme weather events becoming more frequent in a warming world, many homeowners are seeking reliable energy solutions. Backup batteries have gained popularity, but...

Snap Reports Q1 Revenue Beat but Issues Cautious Outlook

Snap reported better-than-expected first-quarter revenue on Tuesday but caused concern with its decision not to provide guidance for the second quarter. The company cited...

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