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%.
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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.
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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.
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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.
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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.
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Ben & Jerry's to Name New Board Members After Long Process, Rejection
The ice-cream brand, in the midst of a sweeping overhaul of its board, is poised to appoint three independent directors after clashes over the board's social activism.
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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.
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Microsoft Is Leaving Investors Flying Blind on Its AI Businesses
From capex to its flagship cloud platform, Microsoft stands out for its lack of transparency.
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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.
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Salesforce Stock Has Been Fighting Back. Q2 Earnings Will Test Its AI Strategy.
The software giant is confronting the AI tide by shaking itself up before someone else does.
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OpenAI's Head of Data Centers Has Left the Company
Chris Malone joins a string of recent high-level executive departures as the AI giant heads toward an IPO and ramps up its spending on computing power.
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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.