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.

Target Lowers Full-Year Sales Outlook Amid Consumer Challenges and Tariff Pressures

Target has lowered its full-year sales outlook as it grapples with a combination of economic pressures, shifting consumer behavior, and internal challenges. The retailer...

Burger King Targets Families with Colored Whopper Buns and Movie Tie-Ins in Turnaround Strategy

Burger King is advancing its turnaround efforts by focusing on attracting families back to its restaurants through innovative menu items and partnerships with popular...

Cigna’s Evernorth Secures New Deals to Lower Costs for Popular GLP-1 Weight Loss Drugs

Only about half of health insurer Cigna’s clients currently cover the widely used GLP-1 weight loss drugs Wegovy and Zepbound due to their high...

Nike to Increase Prices on Footwear and Apparel Amid Tariff Pressures

Nike is preparing to increase prices on a wide array of footwear, apparel, and equipment, with adjustments expected to take effect as soon as...

Trump’s Meme Coin Event Sparks Controversy Amid Price Drop and Regulatory Concerns

The price of President Donald Trump’s meme coin fell 16% by Friday morning, just hours after he hosted an exclusive black-tie gala at his...

Portugal Emerges as Top Choice for Americans Considering Relocation Abroad

In recent years, Portugal has experienced a significant surge in popularity among American travelers, and it now stands as the top country where Americans...

Nurse Anesthetist Builds Million-Dollar Quilting Business While Keeping Full-Time Job

Mike O'Dell, a 50-year-old nurse anesthetist from Oklahoma City, spends most of his week immersed in the high-pressure environment of hospital operating rooms, confined...

Newark Flight Disruptions Spur Slight Passenger Shift, Says American Airlines

American Airlines' chief financial officer Devon May acknowledged that some travelers are starting to avoid Newark Liberty International Airport in favor of other nearby...

NOAA Predicts Above-Average 2025 Hurricane Season Amid Rising Insurance Risks

Government scientists have released their outlook for the 2025 hurricane season, forecasting a 60% likelihood of above-average storm activity. The National Oceanic and Atmospheric...

U.S. Housing Market Slows as High Rates Dampen Spring Sales

The U.S. spring housing market is facing headwinds as elevated mortgage rates and low consumer confidence continue to suppress activity. In April, sales of...

Epic Universe Launch Transforms Universal Orlando into Premier Vacation Destination

With the grand opening of Epic Universe, Comcast is positioning Universal Studios Orlando Resort as a premier vacation destination rather than a quick stopover....

Monarch Raises $75 Million Amid Surge in Subscribers After Mint Shutdown

Monarch, a personal finance startup based in San Francisco, has raised $75 million in a Series B funding round, bringing its valuation to $850...

Boeing Reaches DOJ Agreement to Avoid Trial Over 737 Max Crashes

Boeing has reached a non-prosecution agreement with the U.S. Department of Justice, enabling the aerospace manufacturer to avoid criminal prosecution in connection with two...

United Airlines Reaches Tentative Agreement with Flight Attendants

United Airlines has reached a tentative labor agreement with the Association of Flight Attendants-CWA, representing approximately 28,000 flight attendants. This milestone deal is being...

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