Articles

Puma shares slump after sportswear group trims profit forecasts

Puma shares tumbled 13% on Wednesday after the German sportswear maker narrowed its profit forecast for the year, citing cautious consumer sentiment and higher freight costs.

Ozempic maker Novo Nordisk misses profit estimates as it builds out capacity

Novo Nordisk, Europe’s largest company by market cap thanks to its wildly popular weight-loss drugs, managed just a small increase in second-quarter profits as it builds out the capacity to make the products.

Super Micro’s 10-for-1 stock split can’t mask its tough new reality

Super Micro Computer Inc. is still seeing fantastic revenue growth, thanks to the AI boom, but investors are clearly starting to worry about margins and competition.

Tim Walz and J.D. Vance are both Diet Mountain Dew fans. Here’s why that could hurt the brand.

Mountain Dew has been associated with youth culture, but the brand could now be struggling to make that connection.

They ran a buffet restaurant by day — but at night, they were key to a $6 million luxury-car scam

Brothers Hussein and Ibrahim Qasim admitted laundering millions in a global scheme involving phony Ferraris, Porsches and a $770,000 Ford GT.

Fortinet’s stock set to bounce back after an upbeat earnings outlook

Shares are down on the year but up big in the extended session.

Instacart shares are rallying on a forecast boosted by restaurant orders

Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped after the company forecast a key demand metric that was above Wall Street’s expectations on Tuesday, as it tries to partner with bigger retailers and bank on more restaurant orders through its app.

Homeowners are flocking to HELOCs. Watch out for these pitfalls.

Homeowners across the U.S. are sitting on record levels of housing wealth, but cashing in without a clear need is a bad idea, one expert warns.

Tripadvisor unveils mixed quarter, with 1% revenue growth

Tripadvisor shares drop more than 7% after the miss.

Prices for Disney+, Hulu and ESPN+ are going up again. Here’s what they’ll cost.

Get ready to pay more for Disney+, Hulu and ESPN+, as the Walt Disney Co. is raising prices for its streaming services in an effort to boost revenue and profitability.

Upstart’s stock soars as fintech company’s CEO says comeback is in the works

After giving a better-than-expected forecast, Upstart sees its “comeback story” on the horizon.

Reddit reports second-quarter revenue beat and narrower-than-expected loss

Reddit Inc. reported its second quarterly results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss, and giving sales guidance that surpassed Wall Street’s expectations.
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