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
Berkshire Earnings Dip Amid Tariff Uncertainty
Q2 operating profit falls as insurance weakens Berkshire Hathaway reported a 4% drop in second-quarter operating earnings, totaling $11.16 billion. The decline was primarily driven by weaker insurance underwriting results, though other
Moderna Cuts Outlook as COVID Vaccine Sales Plunge 41%
Spikevax sales slump while seasonal demand delays revenue Moderna reported a 41% decline in quarterly sales, down to $114 million from $241 million a year earlier. The sharp drop is attributed to
Moderna to Cut 10% of Workforce Amid Declining Sales
Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time
Microsoft Hits $4 Trillion Milestone on Cloud Momentum
Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded
Union Pacific Seeks $85B Merger With Norfolk Southern
Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would
Boeing Cuts Losses as Aircraft Deliveries Surge
Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to
Starbucks Sees Sales Slide, But CEO Signals Turnaround
Same-Store Sales Decline for Sixth Straight Quarter Starbucks reported a 2% global same-store sales drop in its fiscal third quarter, marking the sixth consecutive quarterly decline. Despite that, CEO Brian Niccol remains
Volkswagen Cuts Forecasts After $1.5B Tariff Blow
Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.
Intel Shares Plunge After Foundry Strategy Shakeup
Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry
Nvidia Responds to Smuggling Claims, Defends Chip Policy
Unauthorized Chip Use in China Sparks Firm Rebuke Nvidia issued a strong statement denouncing the illegal use of its chips in Chinese data centers, calling it a “losing proposition” for companies trying