SpaceX Is Racking Up Wins in Washington
The Elon Musk-led rocket and AI company is landing lucrative contracts and benefiting from the Trump administration's deregulatory push.
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Layoffs at JPMorgan Hit Highest Level Since 2015
The country's largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.
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Abbott to Pay $670 Million to Settle Baby-Formula Litigation
The bulk settlement relates to the Gill lawsuit, in which a Missouri jury ordered the company to pay $495 million in damages after determining it failed to warn that its formula for preterm infants increased the risk for a bowel disease.
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Ross Stores Boosts Outlook on Growing Demand for Off-Price Retail
The off-price retailer now forecasts earnings per share of $8.61 to $8.77 for the year as its second-quarter profit and sales gained on higher traffic.
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James Hardie Selling European Fermacell Business for $980 Million to Holcim
James Hardie Industries will sell its European Fermacell business to Swiss building-materials company Holcim as it seeks to focus on higher-growth and higher-return markets.
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Apple's New CEO Could Shake Up Its Spending Strategy to Win in AI
John Ternus will take over as CEO from Tim Cook on Sept. 1. The age of AI could trigger some changes to how the iPhone maker invests in its future.
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Schwab Raises the Minimum Account Size for Clients to Be Referred to Outside Advisors
The company plans to increase the minimum account size for the Schwab Advisor Network to $5 million from $2 million at the beginning of next year.
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Charter Closes Its $34.5B Cox Deal. Why the Stock Is Sinking.
Charter stock was dropping as it concludes its deal for Cox Communications, amid fears it could just add to its subscriber issues.
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Starbucks Laying Off More Than 200 Workers in Streamlining Drive
The cuts affect the company's corporate staff in technology and coffeehouse development. The reductions don't involve cafe closures.
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Super Micro Clears Senior Management in Alleged Smuggling Scheme
The server maker ended an investigation into an alleged scheme by two employees and a contractor to smuggle Nvidia chips to China.
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Hovnanian Hurt by Frozen Housing Market
The home builder swung to a third-quarter loss as it continues to cope with a stagnant housing market
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Walmart Shares Slump on Weakest Sales Growth in Over Six Years
E-commerce, membership and advertising are driving the retailer's growth. Walmart's stock fell more than 9%.
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Alibaba Posts Weaker Earnings Amid Heavy AI Investments
Alibaba's earnings slumped in its fiscal first quarter, as the Chinese e-commerce titan continued to invest heavily in artificial intelligence, racing to preserve its lead in the AI sector.
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Deere's Profit Rises as Sales Climb
The company posted higher profit and sales in its fiscal third quarter, as continued growth in the company's construction equipment business helped to offset ongoing weakness in its production agriculture segment.
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