Toyota Projects Lower Profit Due to Middle East Impact
The Japanese carmaker reported higher quarterly net profit but said it expects the Middle East conflict to take a toll on its bottom line this fiscal year.
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Sony Sees Double-Digit Earnings Growth Despite Quarterly Miss
The Japanese entertainment and electronics company has spent billions of dollars on acquisitions in recent years to beef up its entertainment content.
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British Airways Owner IAG Cuts 2026 Outlook on Soaring Jet-Fuel Prices
International Consolidated Airlines Group lowered its forecasts for 2026 despite a jump in profit, citing the impact of the Iran war and the increase in jet fuel prices.
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Commerzbank to Cut 3,000 Jobs, Spend on AI as it Raises Targets
The lender said it would raise its expectations for 2028, and set new targets in a plan for 2030, amid a takeover bid from UniCredit.
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For 70 Years, Whirlpool Paid a Dividend. Suddenly It Can't Afford One.
Investors question the company's recovery plan and its decision to halt quarterly payout.
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How Citigroup Can Get to the Next Level
CEO Jane Fraser has cleaned up some big problems. Now it's time for the bank to show it can excel.
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Venezuela's State Oil Company Taps White & Case Ahead of Restructuring Talks
PdVSA has retained the law firm to protect its interests in the Citgo sale after U.S. Treasury granted Venezuela permission to hire advisers on Tuesday.
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Coinbase Global Swings to Loss Amid Softer Crypto Market
The cryptocurrency exchange posted a loss of $394.1 million as a weak crypto market weighed on its top line.
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Cloudflare to Slash 1,100 Jobs Due to AI-Driven Restructuring Plan
The cuts are a response to artificial intelligence triggering a "paradigm shift" in the software industry, said Chief Executive Matthew Prince.
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CoreWeave Says Component Cost Inflation Might Raise 2026 Capex
The cloud provider widened its loss in the first quarter and said higher component costs may raise its capital expenditures this year.
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Gilead Sciences Expects Loss This Year on Acquired R&D Expenses
The biopharmaceutical company said it expects a 2026 adjusted loss of between $1.05 and 65 cents a share, compared with prior guidance of adjusted earnings between $8.45 and $8.85 a share.
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Airbnb Raises Outlook, Citing Resilient Travel Demand
The short-term rental company said it now anticipates annual sales will increase by a low- to midteen percentage.
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Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
The fintech company now expects adjusted earnings of $3.85 a share this year, a 62% uplift from 2025.
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News Corp Revenue Climbs With Growth at Dow Jones, Real Estate Units
The media company expects record profitability for its full fiscal year.
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Monster Beverage Sales Boosted by International Brands, Weaker Dollar
The energy-drink maker said international sales were up almost 45% for the quarter at over $1 billion, and now make up about 45% of its total revenue.
(END) Dow Jones Newswires
May 08, 2026 03:00 ET (07:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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