Meta Reaches $18 Billion Settlement With 48 States Over Child-Safety Claims
The deal contains broad new safeguards for underage users but only pays out in full if TikTok and YouTube make similar concessions.
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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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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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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 Is Still Cautious Despite Signs of Turnaround
The soaps and fragrances retailer logged higher profit in the quarter after its digital business returned to growth for the first time in five years.
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Abercrombie Lifts Outlook as Profit, Sales Rise
Abercrombie & Fitch said it is benefiting from tariff refunds, as well as consumers' continued willingness to buy new clothes despite ongoing inflationary pressures.
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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.