Business
Comcast’s cable spinoff to be named Versant, picked to emphasize corporate versatility
Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker. The new company chose Versant (pronounced like the root of the word “conversant”) to emphasize its versatility and its familiarity with multiple subjects, according to Chief […]
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Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more
Check out the companies making headlines in midday trading: Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor — The automaker advanced 3.2% on better-than-expected first-quarter […]
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Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more
Check out the companies making headlines in midday trading. Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor – The automaker advanced 3.2% on better-than-expected first-quarter […]
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Mattel CEO says toy manufacturing won’t come to America, but price hikes will
One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company […]
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Hispanic shoppers are spending less on groceries, putting pressure on consumer companies
Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown […]
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Fashion retailer Hugo Boss shares pop 5% on better-than-feared first-quarter sales
A Hugo Boss store in Berlin, Germany, on Tuesday, April 25, 2023. Bloomberg | Getty Images Shares of Hugo Boss jumped on Tuesday after it posted a lower-than-feared decline in first-quarter sales and reiterated its full-year guidance despite macroeconomic and tariff uncertainty. The high-end German retailer said revenues fell 2% on a currency adjusted basis […]
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DoorDash to acquire British food delivery firm Deliveroo in $3.9 billion deal
A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images LONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion). Deliveroo, which lets users order hot meals […]
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U.S. commodities regulator seeks to drop appeal of Kalshi election bets offers
The Kalshi app arranged on a smartphone in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty Images The Commodity Futures Trading Commission on Monday moved to drop its appeal of a federal judge’s ruling that had allowed commodities exchange KalshiEx to take bets on the outcome of U.S. political […]
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Air traffic controllers couldn’t see or talk to planes in equipment failure that led to Newark meltdown
People wait in line for a delayed flight at Newark International Airport on May 5, 2025 in Newark, New Jersey. Spencer Platt | Getty Images Air traffic controllers lost contact with aircraft heading to and from Newark Liberty International Airport last week, their union said, detailing an equipment failure that led to massive flight delays […]
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Stocks making the biggest moves after hours: Palantir Technologies, Ford Motor, Mattel, Clorox and more
Check out the companies making headlines in extended trading. Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street’s expectations. Adjusted earnings of 13 cents per share came in-line with the consensus estimate, per LSEG. Palantir reported $884 million in revenue, topping the […]
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