Jim Beam maker says some customers trading down, others still paying more for high-end liquor
Some price-sensitive whiskey and tequila drinkers are swapping out their high-end bottles for cheaper options, according to Beam Suntory.
Sweetgreen’s stock falls after salad chain lowers forecast, announces layoffs and office downsizing
Sweetgreen said it will lay off 5% of its workforce and downsize to a smaller office building to lower its operating expenses.
Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands
Deliveroo reported a pretax loss of £147.3 million in the first six months of the year, up 54% from the same period a year ago.
Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.
Palantir shares fall more than 12% following earnings report
Palantir reported second-quarter results Monday that showed a loss per share compared with projections for earnings, but the company beat revenue expectations.
Uber reports another big loss but beats on revenue, shares pop 19%
Uber reported a second quarter loss on Tuesday but beat analyst estimates for revenue.
Oil major BP boosts dividend as quarterly profits jump on high commodity prices
U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices.
Ferrari boosts full-year guidance after a record second quarter
Ferrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders.
Pinterest climbs on user numbers and Elliott investment even as financials disappoint
Pinterest shares jumped after the company's user numbers surpassed analysts' estimates in a gloomy quarter for social media.