U.S. East Asian envoy says investors are overpricing Taiwan conflict risk
Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island.
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Constellation Brands beat earnings and revenue expectations as beer brands gained share, while inventory rebuilding and consumer caution clouded demand.
Media attorneys ask court for help in preventing White House ban until legal case is resolved
An attorney for CNN, MSNOW and Politico asked a federal judge to prevent the White House from banning the three outlets, saying it violated the First Amendment.
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Levi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds.
Treasury sanctions 17 tankers linked to Iran’s ‘shadow fleet’ in economic pressure campaign
The additional sanctions are part of the Trump administration’s military and economic campaign against Iran.
Lululemon poaches Athleta CEO as new chief product officer
Lululemon announced Wednesday that Athleta CEO Maggie Gauger is joining the company as its chief product officer, a newly created role.
Trump says U.S. will not attack Iran before midterm election
President Donald Trump said Thursday that the United States will not attack Iran before the Nov. 3 midterm election, explicitly tying the timing of potential further military action to the domestic political calendar. Read more PepsiCo cuts earnings forecast as North American turnaround takes longer than expected “We will not be attacking Iran at any […]
PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
Pepsi’s North American business continues to lag behind its international markets.
Trump bought up to $25 million in Meta and millions in SpaceX debt in August
Trump disclosed 517 August trades, including up to $5 million in debt from SpaceX, a major Pentagon contractor and NASA launch provider.
Skydance’s David Ellison tells CNBC combined company is ‘positioned to win in every single vertical’
Skydance includes two film studios, the CBS broadcast network, a sprawling pay TV portfolio and streaming services Paramount+ and HBO Max.