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.
Dutch Bros plans to raise $300 million in a secondary stock offering. ChargePoint reported larger quarterly loss. Dave & Buster's comparable store sales declined.
Asana Inc, the work management company, revised higher full-year revenue outlook. GitLab Inc, the database platform operator, forecasted an increase in revenue for the current quarter and fiscal year.
Nestle SA said it plans to divest its allergy treatment business after booking a significant impairment charge. John Wood signed a partnership deal with Harbour Energy for its North Sea operations.
Salesforce, Crowdstrike and Okta reported quarterly revenue and earnings ahead of market expectations. Chewy, Victoria's Secret and Five Below reported mixed quarterly results.
HP Inc and HPE Company reported mixed quarterly results. PVH Corp lifted its full-year revenue and earnings per share outlook. Box Inc reported mixed quarterly results.
Best Buy said domestic comparable sales declined in the fiscal second quarter at a faster pace than a year ago. Big Lots reported a surge in loss on the account of unwinding synthetic lease exit costs.
