Shopify beats quarterly revenue estimates on AI boost, shares soar. (Reuters) -Shopify beat analysts’ estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of...
Taco Bell’s parent Yum Brands sales fall as weak US demand lingers. (Reuters) -Yum Brands reported a bigger-than-expected fall in same-store sales for the second quarter as sticky inflation discouraged lower-income Americans from spending on dining out.Like its peers...
Candy giant Mars considers bid for Kellanova. Private packaged food giant Mars Inc, best known for its eponymous bar and other brands such as Snickers and M&M’s, is considering a potential acquisition of Pringles maker Kellanova (NYSE: K), Reuters reported on...
Google-parent Alphabet cuts stake in Crowdstrike (Reuters) – Google-parent Alphabet (NASDAQ: GOOGL) has cut its stake in cybersecurity company Crowdstrike, according to a Securities and Exchange Commission filing on Friday.The company cut its stake to 427,895...
Elliott offers Starbucks settlement to allow CEO to keep his post, CNBC reports. (Reuters) – Activist investor Elliott Management offered a settlement with coffee chain Starbucks (NASDAQ: SBUX) that would allow CEO Laxman Narasimhan to keep his post, CNBC...
Uber teams up with BYD to add 100,000 EVs to its ride-hailing platform, shares up. Uber (NYSE: UBER) and BYD announced on Wednesday a new initiative offering special pricing and financing options for the Chinese automaker’s electric vehicles (EVs) to drivers on...
