PepsiCo now has an 11% ownership stake in the energy-drink maker.
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Alibaba, often seen as a bellwether for the Chinese economy, has seen shares outperform the Chinese stock market this year, rising more than 40%.
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Trump’s Fed drama heats up, another round of tariffs kicks in, Dell beats earnings expectations, and more news to start your day.
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Some countries have temporarily halted the so-called de minimis shipments in anticipation of the rule change.
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The company predicts new import levies will hurt profit margins in the coming quarters.
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Nvidia declines after reporting earnings, while Snowflake and Pure Storage trade sharply higher.
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Same-store sales rose 2.8% in the quarter, reflecting an increase in customer traffic.
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Tariffs will cut into the company’s margins. Customers will foot at least part of the bill.
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Sales rose 10% in the quarter compared to last year, and are projected to keep increasing at a clip in coming quarters.
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The retailer’s merger with Foot Locker is expected to close on Sept. 8.
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CEO Corie Barry cited tariff uncertainty as a reason to keep guidance unchanged.
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Trump’s Fed pick defends tariffs, nuclear plants refire to boost power production, brands cash in on Taylor Swift-Travis Kelce engagement, and more news to start your day.
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Nvidia, the world’s most valuable company, is scheduled to report quarterly earnings after the closing bell Wednesday. MongoDB soars after beating analysts’ earnings estimates and raising fiscal-year guidance.
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Krispy Kreme stock is down 65% this year, as it works to overcome distribution setbacks. J.P. Morgan downgraded the shares on Wednesday.
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The pop star’s engagement has created a marketing gold rush as companies race to take advantage of the couple’s star power.
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Controlling shareholder Bain Capital has received bids to take the retailer private, says a report.
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The company also raised its earnings guidance for the full year.
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Adjusted earnings and net sales top estimates, but there’s more to the second-quarter print than meets the eye.
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The retailer’s shares dropped sharply after a report that the retailer is struggling to pay its vendors.
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AT&T intends to buy spectrum licenses from EchoStar for $23 billion, while shares of Advanced Micro Devices receive an upgrade.
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Longer-term upside will depend on sustained improvements in traffic, clarity in brand positioning, and resilience against an increasingly competitive coffee landscape.
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Furniture stocks like Wayfair and Williams-Sonoma fall after President Donald Trump says the U.S. would be launching an investigation into tariffs on furniture imports.
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The announcement of potential new tariffs on furniture imports spooked investors. But some analysts believe the selloff may present a compelling buying opportunity.
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Second-quarter adjusted earnings came in at $3.08 a share on revenue of $14.5 billion, beating expectations.
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It’s part of an effort to bring furniture manufacturing back to the U.S. Currently, China and Vietnam are the biggest exporters.
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