Business

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar

Datadog shares fell about 14% after earnings despite 36% revenue growth, as investors set a high bar and the stock still trades above fair value.

UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz

The UAE has accused Iran of striking an ADNOC vessel with a missile in the Strait of Hormuz as US-Iran tensions over the vital waterway remain high.

Senate Approves Stopgap Funding Bill to Avert Shutdown Ahead of Election

The U.S. Senate approved a short-term funding bill in a 90-6 vote, extending federal spending into December and averting a shutdown before the election.

Amazon’s Zoox Issues Second Software Recall Following Robotaxi Incident in San Francisco

Amazon’s autonomous vehicle unit, Zoox, has issued a voluntary software recall for the second time in a month following a recent crash involving one...

How AI is Helping Businesses Adapt to Complex Global Trade and Tariffs

Businesses are increasingly turning to artificial intelligence (AI) tools to manage the growing turbulence in global trade and supply chains. As international tariffs and...

JPMorgan CEO Jamie Dimon Warns of Underestimated Economic Risks Amid Market Complacency

JPMorgan Chase CEO Jamie Dimon expressed concerns that markets and central bankers are underestimating the risks posed by record U.S. deficits, tariffs, and rising...

JPMorgan’s 2025 Summer Reading List Highlights Curiosity and Next-Generation Wealth Education

JPMorgan’s 2025 summer reading list, a highly anticipated annual selection favored by affluent readers, features a diverse lineup of 16 books covering topics such...

Fanatics Fest 2025 to Feature Star-Studded Skills Competition with Million-Dollar Prizes

Fanatics is set to host an exciting skills-based competition at Fanatics Fest 2025, scheduled for June 20-22 in New York City, where fans will...

Home Depot Maintains Full-Year Sales Forecast Amid Tariff Challenges

Home Depot reaffirmed its full-year sales forecast while announcing it does not plan to raise prices despite ongoing tariffs affecting imports. The company’s Chief...

Levi Strauss Sells Dockers to Authentic Brands Group for $311 Million

Levi Strauss has agreed to sell its Dockers brand to Authentic Brands Group for $311 million, marking a significant strategic shift for the iconic...

Cadillac EV Lineup Gains Momentum with Increasing Tesla Owners Switching Brands

Cadillac’s growing all-electric vehicle lineup is drawing a significant number of new buyers to the American luxury brand, including a rising share of Tesla...

NFL Plans to Expand International Games and Embrace Private Equity Investment

NFL Commissioner Roger Goodell recently revealed ambitious plans for the league to significantly expand its international presence, projecting that as many as 16 regular-season...

FDA Introduces Stricter Approval Standards for Covid-19 Boosters, Targeting High-Risk Groups

The Food and Drug Administration recently introduced new regulatory guidance that tightens approval standards for future Covid-19 vaccine boosters, particularly for healthy Americans. Under...

Walmart Warns Tariffs Will Raise Prices Amid Tensions with White House

Last month, Walmart downplayed the impact of President Donald Trump’s tariffs during an investor event, drawing comparisons to past challenges like the aftermath of...

Toyota to Offer 2026 RAV4 Exclusively as Hybrid and Plug-In Hybrid Models

Toyota Motor revealed that the 2026 Toyota RAV4, the best-selling SUV in the United States, will be offered exclusively as a hybrid or plug-in...

Canada Goose Shares Surge After Strong Q4 Earnings Despite Withdrawing 2026 Outlook

Canada Goose saw its shares rise nearly 20% following the release of fiscal fourth-quarter earnings that surpassed analysts’ expectations, although the company withdrew its...

Lowe’s Maintains Full-Year Outlook as Pro Sales Offset Slower DIY Demand

Lowe’s confirmed its full-year sales forecast amid mixed sales trends, as robust demand from home professionals helped counterbalance slower spending by do-it-yourself customers. The...

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