WSJ
Pernod Ricard Warns Weak U.S. Drinking to Keep Clipping Sales Growth
Sales growth was dragged by sharp organic declines of 14% and 19%, respectively, in the group’s key U.S. and Chinese markets....
27 minutes ago
AI Startup DeepSeek Poised to Reach $74 Billion Valuation
The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure....
54 minutes ago
Qantas Profit Falls as Fuel Costs Surge on Iran Conflict
Australia’s largest airline warned that the financial hit of elevated fuel prices will extend into its current fiscal year....
5 hours ago
HP Revenue Rises as Higher Prices Offset Fewer PC Sales
The printer and computer maker reported higher revenue in the third quarter, but logged lower sales volumes in its personal-computers business....
6 hours ago
Here Are the Business Executives Who Have Mamdani’s Ear
New York City Mayor Zohran Mamdani is expected to unveil on Thursday a new business advisory council....
7 hours ago
Google Moves AI-Responsibility Team Out of DeepMind Lab in Latest Shake-Up
Researchers have raised concerns about the change’s effect on their independence and ability to detect threats from newest models....
7 hours ago
Nvidia’s Blowout Second Quarter Leaves Investors Unmoved
The chips giant posted record sales of $96.2 billion, beating estimates by 4%, but its stock fell slightly amid market jitters over AI spending....
9 hours ago
Okta Lifts Full-Year Outlook as AI Agents Spur Demand
The identity management and security company now expects full-year revenue of $3.22 billion to $3.23 billion, up from its prior view of $3.19 billion and $3.21 billion....
9 hours ago
Salesforce Profit, Revenue Rise, Expands Partnership with Anthropic’s Claude
The results prompted the enterprise software company to bump up its full-year sales and profit forecasts, factoring in a boost in organic growth as well as acquisitions it expects to close this quarte...
9 hours ago
The Latest Viral AI Assistant Rocketing Across Silicon Valley
The buzzy startup Instinct, which is fundraising at a $2.5 billion valuation, promises to handle emails and more, but some early users raised privacy concerns....
12 hours ago
U.S. Crude Oil Inventories See Modest Weekly Build
Commercial crude oil stockpiles, excluding the Strategic Petroleum Reserve, rose by 95,000 barrels to 428.9 million barrels in the week ended Aug. 21....
14 hours ago
U.S. Durable-Goods Orders Rose More than Expected in July
Total orders for durable goods—which comprise goods meant to last three years or more—increased in July by 1.1% to $339.3 billion, compared with a 0.5% increase in June....
17 hours ago
Creator-First Answer Engine Optimization Takes the Stage
Plus, Dick’s increases promotions to stay competitive with rivals....
17 hours ago
Abercrombie Lifts Outlook as Profit, Sales Rise
Abercrombie & Fitch raised its outlook for the year after logging higher second-quarter profit and sales, driven by improving demand across multiple geographies....
18 hours ago
Kohl’s Profit, Sales Fall Despite Tariff Refund Boost
Kohl’s recorded lower profit and sales in the second quarter, but raised its outlook thanks to a boost from tariff refunds....
18 hours ago
J.M. Smucker Lifts Outlook, Swings to Profit as Sales Climb
The owner of Jif peanut butter and Folgers coffee said it now expects net sales to decline 1% to 2% in its fiscal 2027, compared with a prior forecast for net sales to decline 3% to 4%....
18 hours ago
Vanguard Buys Wealth Management Platform Altruist in $4 Billion Deal
The world’s second-biggest investment firm is making a bigger push into financial advice....
18 hours ago
Dubai Airport Traffic Falls in Second Quarter, but Recovery Builds Through June
Passenger traffic at Dubai International—one of the world’s busiest international aviation hubs—fell 30% as the Iran war disrupted Gulf aviation....
18 hours ago
Bath & Body Works Raises Earnings Outlook on Higher Profit
The soaps and fragrances retailer said it now expects annual adjusted earnings per share to be $2.60 to $2.80, up from prior guidance of $2.40 and $2.65....
18 hours ago
Intuit’s CFO on the Tough Choice to Lower Guidance
Plus, Canada retaliates with new duties, ranging from 15% to 50% on about $20 billion of goods....
18 hours ago
The Morning Risk Report: Bessent’s D-Day Unlikely to Be Game Changer
Plus: Executives admit FIFA bribes; Canada’s tariff targets....
19 hours ago
China’s Li Auto Posts Another Loss on Subdued Demand
The Nasdaq-listed automaker reported a second consecutive quarter of losses, even as it tried to spur demand by launching new models....
19 hours ago
The AI Prodigy Who Won Over Silicon Valley—and Lost $45 Billion
Plus, we catch up with pop’s breakout star Olivia Dean and take you behind the scenes of our latest reporting on Flock cameras....
20 hours ago
Oil Prices Fall as Oman-Iran Talks Raise Hopes for Hormuz Reopening
Oil prices fell for a third straight day after Iran and Oman discussed establishing a temporary shipping route to temporarily reopen the Strait of Hormuz....
20 hours ago
Detroit Needs Canada More Than the Rest of the U.S. Does
President Trump is threatening to escalate tariffs on vehicles imported from Canada to 50%, adding more chaos to an industry challenged by trade wars....
20 hours ago
Siemens Energy Plans to Spin Off Transformation of Industry Unit
The company said it could bring in external investors or undertake a potential capital markets transaction, and plans to deconsolidate the business while maintaining a minority stake....
23 hours ago
XPeng Bets Robots Will Be More Profitable Than Its Cars
XPeng Co-President Brian Gu thinks its margins will eventually eclipse those of the core electric-vehicle business....
1 day ago
How the Iranian Shahed Drone Transformed War—With China’s Help
The rapid rise of cheap one-way attack drones was made possible by a complex global supply chain that keeps leading back to China....
1 day ago
Deloitte to Pay $21.5 Million to End DOJ Fraud Investigation Over DEI Policies
The Trump administration has been probing major U.S. companies under a novel use of a federal law meant to police federal contractors....
1 day ago
Anthropic Thinks Its Potential Revenue Is Greater Than SpaceX’s
Plus, the CIA director visits Russia and Canada hits back with retaliatory tariffs....
1 day ago
Zoom Communications Revenue Rises on Enterprise Growth
The video conferencing company also bumped up its guidance for the year. However, its earnings guidance for the current quarter came in short of Wall Street’s forecast....
1 day ago
California Attorney General Ramps Up Criticism of Paramount
Rob Bonta said Paramount is more focused on the “court of public opinion” than the court of law in the Warner merger fight....
1 day ago
Intuit Forecasts Slower Growth, Takes Steps to Win More TurboTax Users
The company said it expects revenue to increase 9% to 10% for fiscal 2027, slowing from 14% this year, as it recorded a lower profit in its latest quarter....
1 day ago
Opinion | Don’t Blame the Jones Act for California’s Energy Costs
The Golden State’s policies are the real culprit....
1 day ago
Officials Played Down Risks in Ohio Train Disaster, Residents Now Say
Newly released government documents raise questions about what the public was told about health risks after 2023 Norfolk Southern derailment of a train carrying chemicals....
1 day ago
SpaceX Rockets Are Coming to Coastal Louisiana, and Locals Are Divided
A launch site and $100 billion capital investment are primed to transform an area known for duck hunting....
1 day ago
The Conflict Resolution Expert Who Thinks We All Need to Fight More
Author Priya Parker argues that we need to fight smarter and more often if we want to get along and get ahead....
1 day ago
Dick’s Sporting Goods Bet Big on Sneakers With Foot Locker. It Backfired.
Shares tumbled after the retailer revealed footwear discounts are sapping profits. The chairman defended a $2.4 billion deal for the sneaker chain....
1 day ago
Anthropic Expected to Tell Investors It Sees Over $30 Trillion in Potential Revenue
The AI startup is likely to top SpaceX’s eye-popping potential revenue estimate....
1 day ago
United Airlines Ups Its Bet on Instagrammable International Destinations
Robust travel demand from Americans is helping fuel new routes like Marseille and Ibiza....
1 day ago
Good Good Golf and Callaway Apologize for ‘Scary’ Ad
Plus, Wendy’s hires McDonald’s marketing exec as it eyes a reboot....
1 day ago
Dick’s Sporting Goods Cuts Guidance Amid Athletic Sector Challenges
The retailer lowered its operating income outlook, citing increasingly tough conditions in the athletic footwear and apparel markets....
1 day ago
OnlyFans Paid $700 Million Dividend to Founder Year Before He Died
The online platform, widely known for its explicit content, was a reliable cash machine despite employing fewer than 50 people....
1 day ago
How Cava Handles Food Safety
Plus, Trump threatens 50% tariff on automobiles and parts from Canada....
1 day ago
The Morning Risk Report: Bessent Launches ‘Operation Economic Outcast’ to Isolate and Squeeze Iran
Plus: EV-maker Polestar says Trump administration strung it along before U.S. ban and government proposes new six-figure fee for H1-B visas....
1 day ago
Scotiabank Earnings Lifted by Record Result in Wealth Management
Bank of Nova Scotia notched a rise in third-quarter earnings, driven by strong results across its business lines that included a record result from its global wealth management and global banking and ...
1 day ago
Bank of Montreal Plans to Buy Back Shares After Earnings Hit by Charge
Bank of Montreal aims to launch a share-buyback program after notching improved results from its operations in the latest quarters, despite being slugged by a charge from the sale of assets....
1 day ago
Oura and Dunkin’ Eye Offerings as Wall Street’s IPO Boom Builds
Plus, Zohran Mamdani turns his fire on Amazon, and Silicon Valley has a new status symbol....
1 day ago
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