Kraft Heinz to Sell North American Coffee Business in $650 Million Deal
Kraft Heinz announced on Wednesday that it would divest its North American coffee business in a deal valued at $650 million, as CEO Steve Cahillane sharpens the company’s focus on its core packaged food...
Uber’s Profit Forecast Falls Short as Driver Shortages and Rising Costs Weigh on Growth
Uber has forecast fourth-quarter adjusted earnings below Wall Street expectations, as driver shortages, rising fuel prices and the ongoing Middle East conflict weigh on its ride-hailing business across markets including India, Brazil and Canada....
McDonald’s US Sales Decline as Consumers Cut Back on Dining Out
McDonald’s reported a bigger-than-expected decline in US comparable sales for the third quarter as financially strained consumers reduced spending on dining out, marking the burger chain’s first sales drop in six quarters. Comparable sales...
Global Markets Recover as Democrats’ Midterm Victory Raises AI Regulation Concerns
Global stock markets recovered on Wednesday after an initial decline triggered by the Democratic Party’s sweeping victories in the US midterm elections, which raised concerns over tighter regulatory scrutiny of the artificial intelligence sector....
Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown
Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
P&G Warns of Higher Costs as Quarterly Sales Beat Estimates
Procter & Gamble (P&G) has raised its estimate of the impact of rising raw material, energy and freight costs on its fiscal 2027 profit to $1.4 billion, up from the earlier projection of $1...
Investors Shift Cash Into Stocks and Bonds Amid Market Volatility
Investors moved substantial amounts of money out of cash holdings and into stocks and bonds last week, seeking to capitalise on recent market volatility, according to BofA Global Research. Stock funds recorded $64.5 billion...
TSMC Posts Record Profit but Warns of Economic Uncertainty in 2027
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported a record quarterly net profit of T$763.1 billion ($23.59 billion) for the July–September quarter, marking a 69% increase year-on-year. Driven by robust demand...
European Shares Rise as Investors Focus on Earnings and US Inflation Data
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...