Kroger Posts Lower Profit, Sales
Kroger logged lower profit and sales in its latest quarter, though the company slightly raised its 2025 same-store sales outlook on recent sales momentum despite an uncertain macroeconomic environment.
----
Darden Restaurants Sales Rise, Earnings Decline Slightly
Darden Restaurants posted slightly better-than-expected sales while earnings edged down a touch in its latest quarter.
----
Carmax Posts Higher Profit, Revenue
Used-car retailer Carmax logged higher profit and sales in its fiscal first quarter as the company sold more cars, despite slightly lower prices.
----
Accenture Posts Higher Profit, Revenue, But Bookings Fall
Accenture reported higher revenue of $17.73 billion and a profit of about $2.2 billion, even as bookings fell in its latest quarter.
----
Home Depot Bid Kicks Off Battle for $5 Billion Building-Products Company
Retailing giant submitted a bid for distributor GMS, which already received an unsolicited offer from serial dealmaker Brad Jacobs this week.
----
Tesla Stock Rises. It's Robotaxis vs. Texas Democrats
Tesla stock has been about robotaxis for months. The service is set to start in just a couple of days.
----
Trying to Dethrone the Birkin? Make Fewer Bags
Chanel has taken a less effective approach to competing with the Hermès bag than American luxury brand The Row.
----
Salesforce Not Taking Survival for Granted in AI Era, Top Strategist Says
The unprecedented pace of change brought by AI is forcing the software maker to reinvent itself, said Salesforce's chief futures officer.
----
Goldman Takes the Lead in Carry Pay for Bankers
The Wall Street bank distributed more than $9 million in profits from private-markets operations to top executives this year.
----
Kering Replaced by Rheinmetall in the Euro Stoxx 50 Index
It is the first time Rheinmetall will join the index-which provides a representation of sector leaders in the eurozone-a group Kering has been part of since 2018.
----
Trump Delays TikTok Ban for a Third Time
The president gave the Chinese-controlled video app another reprieve from a 2024 bipartisan law requiring its sale or closure.
----
How Hackers Are Turning Tech Support Into a Threat
Attacks on call centers led to hundreds of millions of dollars in crypto thefts and disrupted retail sales.
----
SpaceX's Starship Explodes During Ground Test
The setback was the latest in what has become an increasingly important bet for Elon Musk.
(END) Dow Jones Newswires
June 20, 2025 09:00 ET (13:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.