World Cup Ticket Fiasco Erases StubHub Profits, Sending Stock Down
Revenue surged but so did expenses as the ticket reseller dealt with customer complaints and refunds.
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Tapestry Investors Wonder How Long Coach Can Excel
Tapestry said its Coach brand led sales growth for another quarter, while giving a soft outlook for its new fiscal year.
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Maersk Shares Rise as Higher Freight Rates Trigger Guidance Raise
Stock rose after the shipping group raised its full-year guidance for the second time in less than three months, citing higher freight rates and strong demand in Asia.
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Accelerant to Go Private in $4.4B Deal with Thoma Bravo
The data-driven risk exchange agreed to go private in a deal with private-equity firm Thoma Bravo worth more than $4 billion.
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Lenovo Posts Record Revenue, Expects to Hit $100 Billion Goal This Year
Lenovo Group kicked off its fiscal year on a strong note with record-high revenue thanks to robust artificial-intelligence infrastructure demand and its resilient personal-computer business.
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JD.com Profit, Revenue Beat Expectations as Food-Delivery Losses Narrow
JD.com reported better-than-expected results in the second quarter as the Chinese e-commerce titan made steady progress in narrowing losses at its food-delivery business.
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Hapag-Lloyd Earnings Recover on Strong Asia Exports
The earnings growth comes after operational disruptions weighed on the first quarter, and was mainly driven by robust exports out of Asia and better U.S. demand.
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Antofagasta Posts Higher Earnings But Cuts Production Guidance After Heavy Rain in Chile
Higher prices helped offset a rise in operating costs, but the copper miner cut its full-year production outlook after severe weather temporarily closed a mine.
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China's SMIC Posts Earnings Beat as Mature-Node Orders Surge
China's biggest chip foundry recorded a surge in net profit and revenue in the second quarter, cashing in on robust orders for legacy and specialty semiconductors.
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Tariff Refunds Are Here-and Turbocharging Earnings
Apple, Nike and FedEx are just some of the companies that are recovering big sums relatively quickly.
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Adyen Shares Jump as Earnings Rise and Growth Accelerates
Stock in the Amsterdam-based payments provider rose more than 9% after first-half earnings increased.
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Apple in Talks to Pay Publishers to Improve AI-Powered Siri
The content deals could provide the tech company's voice assistant with current news and information.
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DeepMind's Hassabis Pitched AI-Oversight Body Before Shake-Up
Alphabet's top scientist discussed the proposed new entity with heads of other AI labs and Trump administration officials including Treasury Secretary Scott Bessent.