McCormick Strikes $45 Billion Unilever Foods Deal
McCormick has agreed to buy most of Unilever’s food business in a transaction that values the unit at nearly $45 billion, marking one of the biggest reshaping moves in the packaged food
JetBlue Raises Bag Fees as Fuel Costs Jump
JetBlue Airways is increasing checked baggage fees as fuel prices surge in the wake of the war involving Iran, adding another sign that higher energy costs are beginning to reach U.S. travelers
Netflix Lifts Prices Across All Plans
Streaming leader raises monthly rates again Netflix has increased prices across its U.S. subscription lineup, pushing monthly costs higher for every main plan as the company leans on pricing power to support
Costco Exceeds Expectations Despite Tariff Concerns
Costco reported impressive fiscal third-quarter results on Thursday, surpassing Wall Street’s expectations with an 8% rise in sales. The warehouse club retailer posted earnings per share of $4.28, beating the expected $4.24,
Abercrombie Shares Surge Despite Profit Outlook Cut
Shares of Abercrombie & Fitch soared on Wednesday, even as the retailer slashed its profit outlook due to the impact of tariffs, which are expected to cost the company $50 million. Despite
Stellantis CEO Antonio Filosa Faces Pressure to Revive U.S. Sales
U.S. dealers of Jeep SUVs and Ram pickup trucks are looking to new Stellantis CEO Antonio Filosa to reverse months of disappointing sales and restore trust in the brand. Filosa, a 51-year-old
Tesla’s European Sales Drop Amid Competition and Issue
Tesla’s sales in Europe plunged significantly in April, with the U.S. electric vehicle maker facing a 49% year-on-year decline despite an overall surge in battery electric car sales. Tesla sold just 7,261
Exxon and Hess Face Off in Court Over Chevron’s $53B Deal
Exxon Mobil (XOM.N) and Hess (HES.N) are set to meet in court on Monday for a critical hearing that will determine the fate of Chevron’s (CVX.N) $53 billion acquisition of Hess. The
Volvo Cars to Lay Off 3,000 Jobs Amid Restructuring Efforts
Volvo Cars announced plans to cut 3,000 mostly white-collar jobs as part of a restructuring effort aimed at reducing costs and adapting to a slowdown in electric vehicle demand and ongoing trade
Tencent and Baidu Tackle U.S. Chip Curbs in AI Race
As the U.S. tightens restrictions on key semiconductor exports, Chinese tech giants Tencent and Baidu are adapting their strategies to remain competitive in the global artificial intelligence (AI) race. Both companies are
BYD Shares Drop After Price Cuts, Investors Concerned
Shares of Chinese electric vehicle (EV) giant BYD plunged as much as 8.25% on Monday, a sharp decline from their record high last week, following the company’s announcement of price cuts on
TD Bank Announces 2% Workforce Layoff to Cut Costs
TD Bank (TD.TO) revealed Thursday that it will lay off 2% of its workforce, equating to approximately 2,000 employees, as part of a broader restructuring effort. This move aims to reduce costs
BYD Surpasses Tesla in European EV Sales
In a significant shift in the European electric vehicle (EV) market, Chinese automaker BYD has overtaken Tesla in sales for the first time. According to a report by JATO Dynamics, BYD sold