Amazon's Zoox Gets Clearance to Start Paid Robotaxi Rides
The move is a first for a purpose-built autonomous vehicle like Zoox, which doesn't have pedals or a steering wheel.
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NYSE Owner to Buy MarketAxess in $6 Billion Deal
Intercontinental Exchange agreed to acquire MarketAxess, an electronic trading platform for fixed-income markets, for $6 billion.
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Yum Brands Says It's Moving Quickly to Address Cyclospora Outbreak
Yum Brands said its teams are working quickly and transparently in response to one of the biggest food-safety crises in Taco Bell's history, after public-health officials linked the shredded lettuce garnishing some of its menu items to a rapidly expanding cyclospora outbreak.
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Mastercard Sales Rise on Payment Network Growth
Mastercard's sales rose in the second quarter, driven by growth in its payment network.
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Hershey's Sales Rise, Boosted by Salty Snacks
The maker of Reese's Peanut Butter Cups and Twizzlers also bumped up its guidance for the year, saying it is entering the second half of the year with momentum.
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Altria Profit Falls on Softer Oral-Tobacco Performance
Altria Group had virtually flat revenue and lower profit in the second quarter, as lower sales of its nicotine pouches offset some of the growth in its cigarettes business.
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Shell Turns Refineries Up to 11 During Oil-Price Surge
The energy giant's strategy to run refineries at full tilt has helped drive a surge in profits.
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Adidas Stock Drops 18% After World Cup Spend Eats Into Earnings
Adidas shares were on course for a record one-day fall, after its earnings were squeezed by heavy marketing spending on the FIFA World Cup.
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Bombardier Profit Slips; Revenue, Backlog Jump on Strong Demand
Bombardier logged a slight decline in second-quarter profit, despite strong revenue from aftermarket service growth and soaring demand for its flagship Global 8000 jet.
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Reformation Just Went Public. Here Are Four Secrets to Its Success.
The apparel company uses cutting-edge technology throughout its operations-even in the dressing rooms.
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KKR Profit, Revenue Up on Asset Management, Insurance Growth
KKR posted a higher profit and revenue in the second quarter, buoyed by higher management fees and fundraising along with strong asset inflows across its asset management and insurance segments.
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Bristol Myers Lifts Outlook as Profit, Revenue Rise
Bristol Myers Squibb raised its outlook for the year after notching higher profit and revenue in the latest quarter, boosted by its portfolio of newer treatments.
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Cigna Group Lifts Outlook, Logs Higher Profit on Growth Across Businesses
Cigna Group lifted its outlook and reported a higher profit in the second quarter, driven by growth in both its healthcare and pharmacy-benefit businesses.
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Valero Profit Soars on Major Revenue Gains
Valero Energy said its earnings surged in the second quarter, thanks to sturdy fuel demand.
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Stellantis Shares Skid as Earnings Disappoint
Shares fell as much as 8.9% in early trade after earnings missed expectations and the company pledged to focus the bulk of its investments on four key brands across the U.S. and Europe.
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Meta's Case for Its AI Spending Keeps Getting Weaker
The company's all-out splurge is running into higher costs, borrowing constraints and investor pushback.
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Samsung Sees Chip Crunch Through 2028 as Profit Soars to Record
The South Korean technology titan expects the memory-chip shortage to persist through 2028, positioning the memory-chip maker to extend its streak of record earnings.
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