Markets
Campbell’s cuts 13% of salaried workforce and closes snack plants
Campbell’s said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability. “Make no mistake, our results remain unacceptable,” CEO Mick Beekhuizen said. “But instead of waiting for…
John Ternus takes over as Apple CEO after Tim Cook’s 15-year run
Apple CEO John Ternus marked his first day in the top job at the tech giant on Tuesday, with the company embarking on a new era after former CEO Tim Cook stepped down from the role after 15 years. Cook, who will remain with Apple as the company’s executive…
Tim Cook steps down as Apple CEO after 15 years, names a successor
Apple CEO Tim Cook is stepping down from his role at the helm of one of the world’s largest tech companies after a 15-year tenure that saw Apple become the first publicly traded U.S. company with a $1 trillion market cap and other notable milestones. He…
Disney offers early retirement to executives ahead of restructuring
Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement package ahead of anticipated restructuring. The entertainment giant outlined the voluntary early retirement offer (VERO)…
Dick’s Sporting Goods slashes 2026 outlook as consumer demand falls
Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear. The sports apparel and footwear retailer’s stock declined over 29% during Tuesday’s trading session, on pace for a record…
Google Pixel manufacturing set to move out of China by next year: report
Google is reportedly moving forward with shifting all manufacturing of its Pixel devices outside of China starting in 2027. The tech giant has previously made its Pixel phones, watches and earbuds in China – though that’s set to change next year, with Google…
Hyundai’s Genesis debuts new flagship luxury EV
Hyundai Motor Group’s luxury brand Genesis is launching a new electric SUV with more than 300 miles of estimated range and a cabin packed with technology. The new GV90 is expected to travel about 310 miles on a full charge. Genesis says its battery can charge…
Starbucks lays off 200 corporate workers as part of Brian Niccol’s turnaround plan
Starbucks is laying off over 200 corporate workers as it moves forward with the turnaround strategy that it began two years ago under CEO Brian Niccol. The coffee giant on Thursday published a layoff notice under the WARN Act, clarifying plans to cut over 200…
Bally’s issues going concern warning amid mounting liquidity crisis
Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over the next year, and there is “substantial doubt” about its ability to remain a going concern. The company made the disclosure in its second quarter…
ChatGPT for teens adds study mode, parental controls and safety tools
ChatGPT-maker OpenAI on Tuesday announced that it’s creating a new portal for teenagers between the ages of 13 and 17 as it looks to address concerns about online safety for young people. The company made the announcement exclusively on-air with Fox News’…
L3Harris names Sam Mehta as new CEO after Kubasik misconduct finding
L3Harris Technologies said on Monday that CEO Christopher Kubasik stepped down from the role after an investigation by the board of directors found he engaged in misconduct, which led to the company reaching a separation agreement with him and naming his…
Harvard reveals $2.2B SpaceX stake after Elon Musk company IPO
Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in Elon Musk’s rocket company following its blockbuster public debut. Harvard Management Company reported the position in a…