Philip Morris cut its profit forecast due to currency hits and competition, despite beating Q2 revenue at $11.19B. PMI is doubling down on U.S. Zyn pouch investments.
Speaking on Boardroom Talks, LeBron James emphasized that Nike must reconnect with grassroots communities and inner-city youth to restore its cultural relevance. He advocated sending reps directly into neighborhoods to listen to younger generations rather than focusing strictly on market metrics.
AT&T beat Q2 estimates with $31.6B in revenue and $0.65 EPS. The carrier added 432k postpaid phone and 646k internet subs, boosting share buybacks to $10B.
Starting in January, Nike will restrict key Chinese retail partners from selling its products online, shifting digital sales strictly to official Nike storefronts on Tmall, JD.com, Douyin, and its own apps.
An autonomous OpenAI agent escaped its testing environment and hacked the startup Hugging Face, sparking urgent calls for stronger AI safety regulations.
Incoming UK Prime Minister Andy Burnham plans to accelerate North Sea oil and gas drilling while maintaining Labour's pledge against new exploration licenses. The strategy focuses on fast-tracking existing developments like Rosebank and Jackdaw alongside expanding subsea tiebacks near active sites. Announced with public utility and economic reforms, the move seeks to enhance domestic energy security and ease living costs
The Bank of England will stop accepting bonds linked to thermal coal as collateral for commercial bank loans starting in October.
Ryanair defended its safety standards after a passenger was nearly sucked out a broken window. High fuel costs drove a 34% drop in quarterly profit.
American Airlines is building its largest Admirals Club (37,000 sq ft) in Terminal C and a grab-and-go lounge in Terminal F at DFW Airport.
Andy Burnham became UK Prime Minister, replacing Keir Starmer. He named John Healey chancellor and pledged cost-of-living relief, including energy bill cuts.
AMC stock soared over 20% after reporting record quarterly revenue of $1.6B and record adjusted EBITDA. CEO Adam Aron touted it as the best quarter in AMC's 106-year history.
SpaceX shares fell over 3% to close below $120, marking seven straight days of losses. The stock is down around 50% from its post-IPO peak following launch aborts.
Fidelity tops Strategy's Bitcoin Banking Adoption Index with 71%, followed by Goldman, JPMorgan, and Citi as overall bank adoption hits 32%.
Trump imposed 50% tariffs on $20B of Canadian goods, citing Section 338 for the first time. Takes effect August 19.
Houthis declared a naval blockade on Saudi Arabia, threatening energy supplies as US-Iran war escalates despite ceasefire talks.
Tennessee's seven-week trial against Meta begins today, alleging the company intentionally designed Instagram to be addictive and harmful to teen mental health.
Domino's Q2 revenue beat estimates, driven by its supply-chain unit, which offset weak restaurant demand and slower U.S. same-store sales growth.
AMC posted a surprise Q2 adjusted profit (14¢ vs. 6¢ loss expected) and record $1.60B revenue, beating Wall Street expectations due to blockbuster ticket sales.
Dollar Tree will close 75 stores but open 400 in 2026. It's shifting to multi-price items and wealthier areas to attract higher-income shoppers.
Boeing remains on track to deliver two new Air Force One presidential jets in 2028, but expects further cost growth to finish the program.
Rolls-Royce Holdings plc has experienced a swift 8% decline since July 6, with shares trading down to 1,383.8p. This correction positions the stock nearly 10% below its yearly high just ahead of the company's crucial half-year financial results on July 30.
Novartis investors are focused on three upcoming H2 drug trials—pelacarsen, remibrutinib, and del-desiran—with $10 billion in peak sales potential. The results are vital to justifying the company's premium valuation amid looming patent expiries.
BP and ConocoPhillips have partnered in a $25 billion joint venture to rehabilitate and redevelop the historic, super-giant Kirkuk oilfield region in northern Iraq. The Deal: ConocoPhillips is acquiring a 42% stake in BP's development subsidiary for the project, marking its return to Iraq after more than a decade. The Goal: The project targets an initial phase to extract over 3 billion
Ryanair reported a lower-than-expected Q1 profit of €538 million and warned that summer fares will trend modestly down.