By Michael Susin Diageo said expectations for fiscal 2024 remain unchanged despite warning of persistent continuing cost pressures and macroeconomic challenges. The liquor maker–which owns Johnnie Walker whisky and Tanqueray gin–on Thursday…
Tag: Corporate/Industrial News
At GOP debate, Ramaswamy calls for social-media ban for anyone 16 and under
Republican presidential hopeful Vivek Ramaswamy took aim at social-media companies during the second GOP presidential debate, saying Wednesday night that he would aim to ban anyone age 16 or under from using…
Duckhorn’s stock rallies 9% after winemaker’s profit tops views; CEO to retire
Shares of Duckhorn Portfolio Inc. NAPA, -0.59% turned lower in after hours Wednesday after the winemaker reported quarterly earnings that beat Wall Street expectations and said Chief Executive Alex Ryan was retiring…
X CEO Linda Yaccarino Says Platform Should Turn Profit in 2024
The former ad executive emphasized X’s transformation from previous incarnation as Twitter, focusing on broader vision over specific user metrics. Source link
GOP presidential debate: DeSantis says Trump’s spending ‘set the stage for the inflation that we have now’
Florida Gov. Ron DeSantis went after former President Donald Trump during the second Republican presidential debate Wednesday night, blaming the 2024 GOP frontrunner for the inflation that has hammered Americans. Trump “should…
Sony Interactive Entertainment CEO Jim Ryan will retire in March
Sony Interactive Entertainment Chief Executive Jim Ryan will retire in March, Sony Group Corp. SONY, +1.54% said in a statement on Wednesday, following nearly three decades with the Sony subsidiary that oversees…
After fighting over connected fitness, Peloton and Lululemon join forces
Peloton Interactive’s stock jumped after hours Wednesday after the connected-exercise-bike maker and yoga-wear giant Lululemon Athletica announced a five-year partnership that will combine digital fitness with workout and athleisure gear starting next…
Exxon’s stock ends at record high as oil futures try to claw back to $100 a barrel
Shares of Exxon Mobil Corp. XOM, +3.26% rallied 3.3% on Wednesday to close at a record $120.20, according to data going back to November 1972. It also marked a fourth straight session…
Micron’s bottom line exceeds Wall Street expectations, but outlook doesn’t
Micron Technology Inc.’s results came in better than expected Wednesday as the memory-chip maker reported revenue in the extended session that topped Wall Street estimates, but its bottom-line forecast fell below consensus….
Meta Unveils New Mixed Reality Headset in Push for Traction on Metaverse
Facebook parent Meta Platforms on Wednesday announced the release date of its coming Quest 3 mixed reality headset and new Ray-Ban smart glasses. Source link