Costco Wholesale said net sales and comparable sales in the latest quarter. Target said it will shutter nine stores after persistent theft and organized crime problems.
Federal Trade Commission and attorney generals of 17 states accused Amazon.com Inc of antitrust practices. Thor Industries forecasted weaker sales in the current fiscal year. United Natural Foods plunged after weak quarterly results.
Amazon.com said it plans to invest in artificial intelligence tools developer Anthropic. Chinese electric vehicle maker Nio plans to raise as much as $3 billion. Movie studios were in focus after writers' union reached a tentative agreement to end the six-month long strike.
Avia agreed to acquire AIG's UK life insurance UK business. Entain Plc issued revenue alert for the third quarter and full-year. CRH announced stock repurchase plan.
The U.K. regulators approached one step closer in clearing Microsoft's purchase of Activision Blizzard. Arm Holdings and Instacart traded below their initial public offer prices.
Cisco agreed to acquire cybersecurity company Splunk for $28 billion. Starbucks lifted its quarterly cash dividend. KB Home delivered fewer homes with sharply lower operating margins. Darden Restaurants' same store sales growth showed resilient consumer spending.
Instacart struggled to hold onto its gain on the first day of trading after investors sold shares in active trading. Coty revised higher its comparable annual sales outlook for 2024. Pinterest guided a rebound in sales after a two-year slowdown.
Instacart parent priced its initial public offering at the top end of its price range and raised $600 million. Rocket Lab USA launch said its latest launch failed, after a string of 19 successful launches over the last two years.
Automakers were in focus after workers at three assembly plants decided to strike. Adobe quarterly revenue and earnings met analysts' expectations. Nucor lowered its third quarter earnings estimate.
Yum China forecasted store network expansion over the next three years. Delta Air Lines lowered its third quarter earnings outlook on higher maintenance and fuel costs but cited strength in transatlantic travel.
American Airlines and Spirit Airlines lowered quarterly results and sales expectations citing higher fuel costs and tougher comparison from the previous year.
WestRock agreed to merge with Smurfit Kappa Group and create the largest paper and packaging company by sales. Apple is expected to announce the release of iPhone 15 today. Oracle forecasted muted sales growth in the current quarter.
JM Smucker agreed to acquire Hostess Brands in a multi-billion dollar deal and diversify its food products portfolio. Qualcomm will continue to provide models for Apple smartphones for two more years.
Hannover Re forecasted reinsurance premium to rise. Covestro entered into open-ended merger talks with Abu Dhabi National Oil Co. Restaurant Group agreed to sell its loss making leisure business.
Kroger reported mixed second quarter results and estimated nationwide settlement related to opioid claims of about $1.2 billion. Docusign reported better-than-expected results. RH forecasted a weak third quarter outlook.
